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ARMENIAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ARMENIAN EDUCATIONAL FOUNDATION INC (EIN 95-2000503)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-13
IRS object ID
202443189349311639
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-13T17:18:47-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN821853384PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1YSR CPA Group PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12529 Foothill Blvd Suite 212AddressLine1Txt
CityLa CrescentaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91214ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN952000503EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARMENIAN EDUCATIONAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlARMEBusinessNameControlTxt
Phone8182424152PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 W BROADWAY 130AddressLine1Txt
CityGlendaleCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHERMINEH PAKHANIANSPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2024-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEMIN SHAHBAZIAN CPAPreparerPersonNm
PTINP01761638PTIN
Phone8183309752PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerHERMINEH PAKHANIANSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 W BROADWAY 130AddressLine1Txt
CityGlendaleCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91204ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,955,875GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresshttps://aefweb.org/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1950FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionPROVIDING GRANTS THAT CONTRIBUTE TO THE GOALS OF ARMENIAN EDUCATION AND HERITAGEActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,632,896PYContributionsGrantsAmt
CY Contributions Grants$2,075,858CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$125,850PYInvestmentIncomeAmt
CY Investment Income$189,117CYInvestmentIncomeAmt
PY Other Revenue$172,040PYOtherRevenueAmt
CY Other Revenue$94,780CYOtherRevenueAmt
PY Total Revenue$1,930,786PYTotalRevenueAmt
CY Total Revenue$2,359,755CYTotalRevenueAmt
PY Grants And Similar Paid$969,209PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,135,373CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$127,838PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$149,753CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$588,797PYOtherExpensesAmt
CY Other Expenses$743,284CYOtherExpensesAmt
PY Total Expenses$1,685,844PYTotalExpensesAmt
CY Total Expenses$2,028,410CYTotalExpensesAmt
PY Revenues Less Expenses$244,942PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$331,345CYRevenuesLessExpensesAmt
Total Assets BOY$5,376,305TotalAssetsBOYAmt
Total Assets EOY$6,055,187TotalAssetsEOYAmt
Total Liabilities BOY$521,129TotalLiabilitiesBOYAmt
Total Liabilities EOY$476,571TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,855,176NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,578,616NetAssetsOrFundBalancesEOYAmt
MissionPROVIDING GRANTS THAT CONTRIBUTE TO THE GOALS OF ARMENIAN EDUCATION AND HERITAGEMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,958,152ExpenseAmt
Grant$1,135,373GrantAmt
DescGRANT RECEIPIENTS ARE ORGANIZATIONS, SCHOOLS, CHURCHES AND INDIVIDUALS, THATINSEMINATE AND PROMOTE THE ARMENIAN HERITAGE, ITS RELIGIOUS BELEIFS, HISTORYAND LANGUAGEDesc
Total Program Service Expenses$1,958,152TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryOCForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHermineh PakhaniansPersonNm
Phone8182424152PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 W BROADWAYAddressLine1Txt
CityGlendaleCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91204ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
AL CABRALOFF
Member2.000.00Yes (X)$0$0$0
MICHELLE SHRIKIAN
Member2.000.00Yes (X)$0$0$0
PETER BAGHDASSARIAN ESQ
Member2.000.00Yes (X)$0$0$0
TENY HAROUTUNIAN MD
Asst. Secretary2.000.00Yes (X)$0$0$0Yes (X)
VAHE HACOPIAN
Treasurer20.000.00Yes (X)$0$0$0Yes (X)
HERMINEH PAKHANIANS
Asst Treasurer20.000.00Yes (X)$0$0$0Yes (X)
ALEC BAGHDASARYAN
Member2.000.00Yes (X)$0$0$0
SEROP BEYLERIAN
President10.000.00Yes (X)$0$0$0Yes (X)
HILDA FIDANIAN
Member2.000.00Yes (X)$0$0$0
ADRINE HAMAMAH
Member2.000.00Yes (X)$0$0$0
GEORGE ISSAIANS
Vice President2.000.00Yes (X)$0$0$0Yes (X)
ARTHUR MANGASSARIAN
Secretary2.000.00Yes (X)$0$0$0Yes (X)
SHEILA PAPAYANS
Member2.000.00Yes (X)$0$0$0
RAZMIK PERIAN
Member2.000.00Yes (X)$0$0$0
KEVORK SANTIKIAN
Member2.000.00Yes (X)$0$0$0
GINA FELIKIAN
Member2.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$18,250FundraisingAmt
All Other Contributions$2,057,608AllOtherContributionsAmt
Noncash Contributions$20,059NoncashContributionsAmt
Total Contributions$2,075,858TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$180,796TotalRevenueColumnAmt
Related Or Exempt Func Income$180,796RelatedOrExemptFuncIncomeAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$569,871SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$561,550SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$8,321SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,321TotalRevenueColumnAmt
Related Or Exempt Func Income$8,321RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$198,600FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$18,250ContriRptFundraisingEventAmt
Fundraising Direct Expenses$34,570FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$164,030TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FOREIGN CURRENCY TRANSLATION900099-$71,237-$71,237
OTHER REVENUE900099$1,987$1,987
FieldValueIRS element (for citing)
Other Revenue Total-$69,250OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,359,755TotalRevenueColumnAmt
Related Or Exempt Func Income$119,867RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$1,135,373TotalAmt
Program Services$1,135,373ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$140,419TotalAmt
Program Services$119,356ProgramServicesAmt
Management And General$21,063ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$9,334TotalAmt
Program Services$7,934ProgramServicesAmt
Management And General$1,400ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,328TotalAmt
Management And General$21,328ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$28,507TotalAmt
Program Services$24,231ProgramServicesAmt
Management And General$4,276ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,654TotalAmt
Management And General$3,654ManagementAndGeneralAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$33,537TotalAmt
Program Services$28,506ProgramServicesAmt
Management And General$5,031ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$78,563TotalAmt
Program Services$78,563ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,582TotalAmt
Management And General$2,582ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
DIRECT PROGRAM EXPENSE$517,830$517,830
BAD DEBT$46,359$46,359
MISCELLANEOUS$10,924$10,924

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,028,410TotalAmt
Program Services$1,958,152ProgramServicesAmt
Management And General$70,258ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$108,123BOYAmt
EOY$309,083EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,275,837BOYAmt
EOY$874,483EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$33,156BOYAmt
EOY$47,762EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$297,053LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$262,763LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$112,853BOYAmt
EOY$34,290EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,755,632BOYAmt
EOY$4,683,558EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$90,704BOYAmt
EOY$106,011EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,376,305BOYAmt
EOY$6,055,187EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,270BOYAmt
EOY$8,996EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$421,629BOYAmt
EOY$389,231EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$51BOYAmt
EOY$944EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$94,179BOYAmt
EOY$77,400EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$521,129BOYAmt
EOY$476,571EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,386,635BOYAmt
EOY$3,076,156EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,468,541BOYAmt
EOY$2,502,460EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,855,176BOYAmt
EOY$5,578,616EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,376,305BOYAmt
EOY$6,055,187EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$331,345ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$392,095NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,088,446CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,945,141CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,952,007CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,632,896CurrentTaxYearMinus1YearAmt
Current Tax Year$2,075,858CurrentTaxYearAmt
Total$8,694,348TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,088,446CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,945,141CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,952,007CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,632,896CurrentTaxYearMinus1YearAmt
Current Tax Year$2,075,858CurrentTaxYearAmt
Total$8,694,348TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$8,694,348PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$112,354CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$153,755CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$142,284CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$125,850CurrentTaxYearMinus1YearAmt
Current Tax Year$189,117CurrentTaxYearAmt
Total$723,360TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$9,417,708TotalSupportAmt
Public Support CY1700.92320PublicSupportCY170Pct
Public Support PY1700.91560PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,940,192BeginningYearBalanceAmt
Contributions$115,700ContributionsAmt
Investment Earnings Or Losses$172,287InvestmentEarningsOrLossesAmt
Grants Or Scholarships$122,150GrantsOrScholarshipsAmt
Administrative Expenses$15,490AdministrativeExpensesAmt
End Year Balance$2,090,539EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,169,836BeginningYearBalanceAmt
Contributions$132,383ContributionsAmt
Investment Earnings Or Losses-$211,585InvestmentEarningsOrLossesAmt
Grants Or Scholarships$150,442GrantsOrScholarshipsAmt
End Year Balance$1,940,192EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,080,540BeginningYearBalanceAmt
Contributions$83,650ContributionsAmt
Investment Earnings Or Losses$162,866InvestmentEarningsOrLossesAmt
Grants Or Scholarships$142,421GrantsOrScholarshipsAmt
Administrative Expenses$14,799AdministrativeExpensesAmt
End Year Balance$2,169,836EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,049,650BeginningYearBalanceAmt
Contributions$85,500ContributionsAmt
Investment Earnings Or Losses$75,980InvestmentEarningsOrLossesAmt
Grants Or Scholarships$123,665GrantsOrScholarshipsAmt
Administrative Expenses$6,925AdministrativeExpensesAmt
End Year Balance$2,080,540EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,796,278BeginningYearBalanceAmt
Contributions$169,300ContributionsAmt
Investment Earnings Or Losses$233,671InvestmentEarningsOrLossesAmt
Grants Or Scholarships$109,593GrantsOrScholarshipsAmt
Other Expenditures$20,073OtherExpendituresAmt
Administrative Expenses$19,933AdministrativeExpensesAmt
End Year Balance$2,049,650EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.48210PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.51790TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Related Org List Sch RfalseRelatedOrgListSchRInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$297,053OtherCostOrOtherBasisAmt
Depreciation$262,763DepreciationAmt
Book Value$34,290BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$34,290TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
LEASE LIABILITIES (CURRENT)$17,778
LEASE LIABILITIES (NON CURRENT)$59,622
FieldValueIRS element (for citing)
Total Liability$77,400TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,751,850TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$392,095NetUnrealizedGainsInvstAmt
Revenue Not Reported$392,095RevenueNotReportedAmt
Revenue Subtotal$2,359,755RevenueSubtotalAmt
Total Revenue Per Form990$2,359,755TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,028,410TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$2,028,410ExpensesSubtotalAmt
Total Expenses Per Form990$2,028,410TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Line 2b: Explanation of escrow account liabilityCUSTODIAL LIABILITIES ACCOUNT IS RELATED TO PASS THROUGH FUNDING FROM DONORS INTENDED FOR THE BUILDUP EDUCATIONAL FOUNDATION.
Part V, Line 4: Intended uses of the endowment fund.THE INTENDED USES OF THE ENDOWMENT FUNDS ARE FOR THE SUPPORT OF PROVIDING FINANCIAL ASSITANCE TO ARMENIAN STUDENTS.
Part X : FIN48 FootnoteTHE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE FOUNDATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. THE FOUNDATION FOLLOWS THE PROVISION OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN FASB ACCOUNTING STANDARDS CODIFICATION. THE FOUNDATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THE FOUNDATION BELIEVES THAT IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023. MANAGEMENT BELIEVES THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR THE YEARS PRIOR TO DECEMBER 31, 2019.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
ARMENIA15PROGRAM SERVICESSALARIES$65,549
ARMENIA00PROGRAM SERVICESBANK CHARGES$5,147
ARMENIA00OPERATIONAL EXPENSE$29,553
ARMENIA00PROGRAM SERVICESOFFICE EXPENSE$5,312
ARMENIA00PROGRAM EXPENSEOFFICE RENT$11,427
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees5SubtotalEmployeesCnt
Total Office1TotalOfficeCnt
Total Employee5TotalEmployeeCnt
Subtotal Spent$116,988SubtotalSpentAmt
Total Spent$116,988TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (23 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
RU/ near statesAdvanced IT Trainin$17,473Wire
RU/ near statesAdvanced IT Trainin$60,105Wire
RU/ near statesUniversity Scholars$10,254Wire
RU/ near statesUniversity Scholars$13,595Wire
RU/ near statesUniversity Scholars$175,497Wire
RU/ near statesUniversity Scholars$17,622Wire
RU/ near statesUniversity Scholars$289,812Wire
RU/ near statesUniversity Scholars$291,412Wire
RU/ near statesUniversity Scholars$29,998Wire
RU/ near statesUniversity Scholars$30,008Wire
RU/ near statesUniversity Scholars$30,130Wire
RU/ near statesUniversity Scholars$42,971Wire
RU/ near statesUniversity Scholars$45,888Wire
RU/ near statesUniversity Scholars$5,302Wire
RU/ near statesUniversity Scholars$5,530Wire
RU/ near statesUniversity Scholars$5,887Wire
RU/ near statesUniversity Scholars$60,190Wire
RU/ near statesUniversity Scholars$61,713Wire
RU/ near statesUniversity Scholars$7,441Wire
RU/ near statesUniversity Scholars$8,077Wire
RU/ near statesUniversity Scholars$87,480Wire
RU/ near statesUniversity Scholars$9,298Wire
RU/ near statesUniversity Scholars$9,677Wire
FieldValueIRS element (for citing)
Total Other Org23TotalOtherOrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside USOFFICIAL VISITS TO ARMENIA ON A FREQUENT BASIS TO MONITOR THE RENOVATION PROJECTS AND SCHOLARSHIPS.
Part I, Line 3f - Investments and ExpendituresALL EXPENDITURES MONITERED BY PROJECT AND SUPPORTING DOCUMENTS.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyfalseAgrmtProfFundraisingActyInd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FUNDRAISEREvent1Nm
Gross Receipts Event1$216,850GrossReceiptsEvent1Amt
Charitable Contri Event1$18,250CharitableContriEvent1Amt
Gross Revenue Event1$198,600GrossRevenueEvent1Amt
Rent Facility Costs Event1$3,268RentFacilityCostsEvent1Amt
Food And Beverage Event1$21,950FoodAndBeverageEvent1Amt
Entertainment Event1$450EntertainmentEvent1Amt
Other Direct Expenses Event1$8,902OtherDirectExpensesEvent1Amt
Gross Receipts Total$216,850GrossReceiptsTotalAmt
Charitable Contributions Tot$18,250CharitableContributionsTotAmt
Gross Revenue Total Events$198,600GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$3,268RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$21,950FoodAndBeverageTotalEventsAmt
Entertainment Total Events$450EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$8,902OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$34,570DirectExpenseSummaryEventsAmt
Net Income Summary$164,030NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, Line 11bThe Board of Directors review the 990 for approval prior to filing.
Form 990, Part VI, Section C, Line 19No documents available to the public.