Haigazian University Inc
- Assets
- $7.8m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 06/2001
- Data as of
- 08/2023
- EIN
- 98-0233371
Organization Overview
Haigazian University Inc is located in null. The organization was established in 2001. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haigazian University 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 08/2023, Haigazian University Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $13.5m during the year ending 08/2023. While expenses have increased by 10.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HAIGAZIAN UNIVERSITY PROVIDES EDUCATION OF THE HIGHEST QUALITY IN A CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HIGHER EDUCATION TO APPROXIMATELY 760 FULL TIME STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Dr Paul Haidostian PHD President | OfficerTrustee | 40 | $0 |
Dr Hasmig Baran Edd Trustee | OfficerTrustee | 1 | $0 |
Mr John Sagherian Trustee | OfficerTrustee | 1 | $0 |
Rev Megerdich Karagoezian Uaecne President, Ex-Officio | Trustee | 1 | $0 |
Prof J Barkev M Kassarjian PHD Trustee | Trustee | 1 | $0 |
Dr Vahram Shemmessian PHD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $772,020 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,044,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,816,178 |
| Total Program Service Revenue | $7,733,415 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $127,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,003,158 |
| 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 | $1,581,132 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation of current officers, directors, key employees. | $71,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,651,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $295,418 |
| Advertising and promotion | $11,678 |
| Office expenses | $455,202 |
| Information technology | $120,696 |
| Royalties | $0 |
| Occupancy | $612,891 |
| Travel | $175,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,961 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,480 |
| Insurance | $17,932 |
| All other expenses | $255,074 |
| Total functional expenses | $13,547,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,554 |
| Savings and temporary cash investments | $319,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,557 |
| Prepaid expenses and deferred charges | $116,593 |
| Net Land, buildings, and equipment | $4,739,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $133,120 |
| Other assets | $1,972,072 |
| Total assets | $7,811,391 |
| Accounts payable and accrued expenses | $1,457,712 |
| Grants payable | $0 |
| Deferred revenue | $100,844 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,587,416 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,423 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,296,395 |
| Net assets without donor restrictions | $583,501 |
| Net assets with donor restrictions | $1,931,495 |
| 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 | $7,811,391 |
Peer Organizations
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