Parsekian Foundation Inc
- Assets
- $0.0
- Revenue
- $27.9k
- Investments
- $0.0
- Employees
- 0
- Location
- South Boston, MA
- Founding
- 07/2012
- Data as of
- 12/2021
- EIN
- 90-0667852
Organization Overview
Parsekian Foundation Inc is located in South Boston, MA. The organization was established in 2012. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parsekian Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Parsekian Foundation Inc generated $27.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $30.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Parsekian Foundation Inc has awarded 89 individual grants totaling $273,677. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Parsekian Trustee | 2 | $0 | |
Steven Parsekian Director | 1 | $0 | |
Hripsime Parsekian Secretary | 2 | $0 | |
Mark Parsekian Director | 1 | $0 | |
Robert Parsekian Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,916 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,121 |
| Printing and publications | $1,500 |
| Other expenses | $1,425 |
| Total operating and administrative expenses | $11,901 |
| Contributions, gifts, grants paid | $18,458 |
| Total expenses and disbursements | $30,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Parsekian Foundation Inc has awarded $18,458 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: GENERAL OPERATIONS | $12,058 |
Cambridge, MA PURPOSE: GENERAL OPERATIONS | $2,000 |
Belmont, MA PURPOSE: GENERAL OPERATIONS | $2,000 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $1,100 |
Watertown, MA PURPOSE: GENERAL OPERATIONS | $1,000 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Westchester And Putnam Inc White Plains, NY | $5,306,671 | $10,280,091 |
United Way Of Southeastern Conn Inc Gales Ferry, CT | $10,705,205 | $8,943,002 |
United Way Of Central Massachusetts Inc Worcester, MA | $17,606,516 | $12,267,996 |
Mosaic & Terrazzo Welfare Fund Long Island City, NY | $7,395,380 | $7,617,875 |
Major League Baseball Charities Inc New York, NY | $2,315,439 | $9,095,032 |
Supreme Council Benevolent Foundation Lexington, MA | $125,656,047 | $11,525,847 |
United Way Of Western Connecticut Inc Danbury, CT | $8,563,444 | $6,698,403 |
The Jewish Federation Of Greater New Haven Inc Woodbridge, CT | $16,539,651 | $6,887,092 |
Federation Of Protestant Welfare Agencies Inc New York, NY | $89,939,475 | $9,007,528 |
Jewish Federation Of Greater Hartford West Hartford, CT | $10,483,669 | $7,386,122 |
Jewish Community Foundation Of Greater Hartford Inc West Hartford, CT | $126,674,784 | $9,064,129 |
Boys Town Jerusalem Foundation Of America Inc New York, NY | $28,802,427 | $5,373,817 |