STRATEGY STUDIO / PUBLIC DATA EXPLORER

NAZARETH & NILA FESTEKJIAN FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NAZARETH & NILA FESTEKJIAN FAMILY FOUNDATION (EIN 20-8679656)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-05
IRS object ID
202511259349100431
Schema version
2024v5.1
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)
Return2025-05-05T08:43:17-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208679656EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Nazareth & Nila Festekjian Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlNAZABusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNAZARETH FESTEKJIANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2025-04-29SignatureDt
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 PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,992,517FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,007,111ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$11,376InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11,376InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$27,543DividendsRevAndExpnssAmt
Dividends Net Invst Incm$27,543DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,046,030TotalRevAndExpnssAmt
Total Net Invst Incm$38,919TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$771TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$4,176OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$4,176OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,947TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,176TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$80,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$80,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$85,447TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$84,676TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$960,583ExcessRevenueOverExpensesAmt
Net Investment Income$38,919NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$270,011SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$223,483SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$223,483SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,162,825CorporateStockBOYAmt
Corporate Stock EOY$2,169,936CorporateStockEOYAmt
Corporate Stock EOYFMV$2,769,034CorporateStockEOYFMVAmt
Total Assets BOY$1,432,836TotalAssetsBOYAmt
Total Assets EOY$2,393,419TotalAssetsEOYAmt
Total Assets EOYFMV$2,992,517TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,432,836RetainedEarningBOYAmt
Retained Earning EOY$2,393,419RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,432,836TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,393,419TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,432,836TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,393,419TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,432,836TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$960,583ExcessRevenueOverExpensesAmt
Subtotal$2,393,419SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,393,419TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$541InvestmentIncomeExciseTaxAmt
Subtotal$541SubtotalAmt
Tax Based On Investment Income$541TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$600EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$600TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$59OverpaymentAmt
Applied To ES Tax$59AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Nazareth A Festekjian
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir, Sec1.0$0$0$0
Nila Festekjian
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,801,384AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$256,420AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,057,804TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,057,804AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,867CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,026,937NetVlNoncharitableAssetsAmt
Minimum Investment Return$101,347MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$101,347MinimumInvestmentReturnAmt
Tax Based On Investment Income$541TaxBasedOnInvestmentIncomeAmt
Total Tax$541TotalTaxAmt
Distributable Before Adj$100,806DistributableBeforeAdjAmt
Distributable Before Ded$100,806DistributableBeforeDedAmt
Distributable As Adjusted$100,806DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$84,676ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$84,676QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$100,806DistributableAsAdjustedAmt
Undistributed Income PY$75,517UndistributedIncomePYAmt
Qualifying Distributions$84,676QualifyingDistributionsAmt
Applied To Year1$75,517AppliedToYear1Amt
Applied To Current Year$9,159AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$91,647UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNazareth A FestekjianContributingManagerNm
Contributing ManagerNila FestekjianContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARMENIAN GENERAL BENVOLENT UNION
55 EAST 59TH STNEW YORKNY10022N/APCArvest at the General Assembly FUND$5,000
ARMENIAN GENERAL BENVOLENT UNION
55 EAST 59TH STNEW YORKNY10022N/APCGeneral & Unrestricted$8,000
ARMENIAN GENERAL BENVOLENT UNION
55 EAST 59TH STNEW YORKNY10022N/APCCamp Nubar 60th Anniversary FUND$5,000
ARMENIAN GENERAL BENVOLENT UNION
55 EAST 59TH STNEW YORKNY10022N/APCAGBU Berge Setrakian Leadership Fund$50,000
CARNEGIE HALL A CORPORATION
611 CHURCH STLEWISBURGWV24901N/APCGeneral & Unrestricted$2,000
DIOCESE OF THE ARMENIAN CHURCH OF AMERICA
630 2ND AVENEW YORKNY10016N/APCBishop's Annual Appeal FUND$2,500
DIOCESE OF THE ARMENIAN CHURCH OF AMERICA
630 2ND AVENEW YORKNY10016N/APCCharitable Event$5,000
NORTHWESTERN UNIVERSITY
1007 CHURCH ST STE 400EVANSTONIL60201N/APCGeneral & Unrestricted$2,500
ST THOMAS ARMENIAN CHURCH
PO BOX 53TENAFLYNJ07670N/APCGeneral & Unrestricted$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$80,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,376ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27,543ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$38,919ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$38,919TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonFestekjian Nazareth AContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1440 Lyncrest RoadAddressLine1Txt
CityEnglewoodCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07631ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,007,111TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (13 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1TE CONNECTIVITY LTD TEL, 464 sh.$69,8912024-11-27
1AUTODESK, INC ADSK, 269 sh.$79,5062024-11-27
1L3HARRIS TECHNOLOGIES LHX, 171 sh.$42,1002024-11-27
1FREEPORT-MCMORAN COPPER & GOLD INC FCX, 608 sh.$26,6732024-11-27
1COMCAST CORP CMCSA, 1331 sh.$56,9472024-11-27
1BROADCOM INC AVGO, 1040 sh.$166,7852024-11-27
1LIBERTY BROADBAND CORPORATION K LBRDK, 108 sh.$9,2042024-11-27
1VERTEX PHARMCTLS INC VRTX, 259 sh.$120,7502024-11-27
1UNITEDHEALTH GROUP INC UNH, 172 sh.$105,2772024-11-27
1LIBERTY MEDIA CORPORATION - SER A FWONA, 42 sh.$3,4032024-11-27
1LIBERTY MEDIA CORPORATION - SER C FWONK, 132 sh.$11,6332024-11-27
1TRAVELERS COMPANIES INC TRV, 671.97 sh.$179,7822024-11-29
1CAPITAL ONE FINANCIAL CORP COF, 700 sh.$135,1602024-11-29

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (16 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AUTODESK, INC$79,506$79,508
BROADCOM INC$166,785$241,114
CAPITAL ONE FINANCIAL CORP$211,658$356,640
CITIGROUP INC$282,125$281,560
COMCAST CORP$56,947$49,952
FREEPORT-MCMORAN COPPER & GOLD$26,673$23,153
GURU ORGANIC ENERGY CORP$458,126$29,830
L3HARRIS TECHNOLOGIES$42,100$35,958
LIBERTY BROADBAND CORPORATION$9,204$8,074
LIBERTY MEDIA CORPORATION - SE$3,403$3,530
LIBERTY MEDIA CORPORATION - SE$11,633$12,231
MOODYS CORP$111,135$710,055
TE CONNECTIVITY LTD$69,891$66,338
TRAVELERS COMPANIES INC$414,723$679,784
UNITEDHEALTH GROUP INC$105,277$87,008
VERTEX PHARMCTLS INC$120,750$104,299

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$4,151$4,151
State or Local Filing Fees$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2024$600
990-PF Excise Tax for 2023$171