Homenetmen Glendale Ararat
- Assets
- $3.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 11/2023
- EIN
- 88-1143503
Organization Overview
Homenetmen Glendale Ararat is located in Los Angeles, CA. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homenetmen Glendale Ararat is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A HEALTHY AND SAFE ENVIRONMENT WHERE EACH MEMBER WILL HAVE THE OPPORTUNITY TO ACHIEVE HIS OR HER GOAL IN ATHLETIC, SCOUTING AND CULTURAL ARENAS.
Describe the Organization's Program Activity:
Part 3
TO PREPARE EXEMPLARY AND LAW-ABIDING CITIZENS BY PROVIDING PHYSICAL AND HEALTH EDUCATION, ENDOWING THE MIND AND SOUL OF THE INDIVIDUALS WITH THE FINEST SPIRIT OF SPORTSMANSHIP, AND DEVELOPING AN UNDERSTANDING OF RESPONSIBILITY AND HONOR AS THESE INDIVIDUALS STRIVE FOR PERSONAL AND COLLECTIVE EXCELLENCE
TO PROMOTE A HEALTHY AND SAFE ENVIRONMENT WHERE EACH MEMBER WILL HAVE THE OPPORTUNITY TO ACHIEVE HIS OR HER GOAL IN ATHLETIC, SCOUTING AND CULTURAL ARENAS. EVENTS INCLUDE ANNUAL GLENDALE FRIENDSHIP GAMES, NAVASARTIAN GAMES, SUMMER DAY CAMP, TENNIS TOURNAMENTS, PING PONG TOURNAMENTS, ELEVATE TALKS EDUCATIONAL SEMINAR, AS WELL AS OTHER YEAR-ROUND PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harmik Sarian Treasurer | 10 | $0 | |
Caroline Mikalian Director | 10 | $0 | |
Melineh Adoian Director | 10 | $0 | |
Henrik Sardarbegian Director | 10 | $0 | |
Armen Aboulian Director | 10 | $0 | |
Arbi Mardirossians Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,713 |
| Noncash contributions included in lines 1a–1f | $4,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,713 |
| Total Program Service Revenue | $1,593,934 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $179,595 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $215,751 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,259,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $475,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,570 |
| Fees for services: Accounting | $8,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,059 |
| Advertising and promotion | $0 |
| Office expenses | $64,595 |
| Information technology | $31,665 |
| Royalties | $0 |
| Occupancy | $280,771 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,545 |
| Insurance | $62,685 |
| All other expenses | $0 |
| Total functional expenses | $2,217,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,822 |
| Prepaid expenses and deferred charges | $23,910 |
| Net Land, buildings, and equipment | $3,493,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,870 |
| Total assets | $3,847,235 |
| Accounts payable and accrued expenses | $4,603 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,649,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,750 |
| Total liabilities | $3,678,608 |
| Net assets without donor restrictions | $168,627 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,847,235 |