Organization Of Istanbul Armenians
- Assets
- $2.8m
- Revenue
- $95.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Winnetka, CA
- Founding
- 05/1985
- Data as of
- 12/2022
- EIN
- 95-3947414
Organization Overview
Organization Of Istanbul Armenians is located in Winnetka, CA. The organization was established in 1985. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Organization Of Istanbul Armenians 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 12/2022, Organization Of Istanbul Armenians generated $95.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $106.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROMOTE THE ARMENIAN HERITAGE AND CULTURE BY BRINGING COMPATRIOT FELLOW ARMENIANS TOGETHER AND HAVING CULTURAL ACTIVITIES. TO PROMOTE HIGHER EDUCATION BY PROVIDING SCHOLARSHIP TO COLLEGE STUDENTS.
Describe the Organization's Program Activity:
SCHOLARSHIP GRANTS WILL BE AWARDED TO VARIOUS STUDENTS WHO HAVE DEMOSTRATED FINANCIAL NEED AND HIGH ARCHIVEMENT IN THEIR STUDIES.
TO PROMOTE ARMENIAN CULTURE AND HERITAGE, EDUCATIONAL ITEMS HAVE CIRCULATED AND PUBLISHED. VARIOUS CULTURAL LECTURES, ART EXHIBITES TOOK PLACE THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edi Sarafoglu President | OfficerTrustee | 2 | $0 |
Murat Mark Kosker CFO | OfficerTrustee | 2 | $0 |
Herman Yayla Secretary | OfficerTrustee | 2 | $0 |
Ohannes Avedikyan Trustee | OfficerTrustee | 2 | $0 |
Serj Bulanikian Assistant Sec. | OfficerTrustee | 2 | $0 |
Vache Kilavuz Advisor | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,050 |
| Fundraising events | $5,628 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,108 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$889 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,250 |
| 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 | $21,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,538 |
| Office expenses | $1,887 |
| Information technology | $4,473 |
| Royalties | $0 |
| Occupancy | $4,197 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,272 |
| Insurance | $7,821 |
| All other expenses | $0 |
| Total functional expenses | $105,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $198,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $297 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,628,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,827,914 |
| Accounts payable and accrued expenses | $6,994 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,994 |
| Net assets without donor restrictions | $2,820,920 |
| 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 | $2,827,914 |
Grants Awarded
Over the last fiscal year, Organization Of Istanbul Armenians has awarded $5,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARARAT HOME FOR AGED | | | $200 |
WESTERN DIOCESE ARMENIAN CHURCH | | | $5,000 |