Overview
What is The Armenian Philharmonic Orchestra Foundation?
The Armenian Philharmonic Orchestra Foundation is a nonprofit organization, established under public and charitable purposes, situated in Burbank, California. Its primary objective is to showcase the diverse musical heritage of the Armenian Philharmonic Orchestra to the world. The foundation supports the daily operations of the orchestra, offers mentorship and training programs for aspiring musicians, and engages in long-term public relations and fundraising initiatives to finance these objectives. This foundation plays a crucial role in preserving and promoting the Armenian classical music scene while nurturing the talents of future generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The Armenian Philharmonic Orchestra Foundation has received a low rating due to significant shortcomings in its accountability and finance practices. With a score of only 50%, the organization is lacking in several key areas, including independent board members and various essential policies such as conflict of interest and whistleblower policies. These deficiencies, along with missing documentation on their website, contribute heavily to the low score.
Despite these challenges, the foundation does demonstrate a strong program expense ratio of 99.94%, indicating that nearly all funds are directed towards its programs. This suggests that while there may be governance issues, the organization prioritizes its mission over administrative costs. However, the absence of independent oversight points to potential risks in decision-making and transparency.
Overall, while the Armenian Philharmonic Orchestra Foundation has a commendable focus on its programming, serious concerns about governance and accountability need to be addressed to improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Armenian Philharmonic Orchestra Foundation legitimate?
The Armenian Philharmonic Orchestra Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Armenian Philharmonic Orchestra Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Armenian Philharmonic Orchestra Foundation?
The Armenian Philharmonic Orchestra Foundation, functioning as a nonprofit organization, is dedicated to showcasing the rich musical heritage of the Armenian Philharmonic Orchestra. Its primary goal is to support the day-to-day operations of the orchestra. Additionally, the foundation offers mentorship and training programs to nurture future generations of musicians. Recognizing the need for financial support, the foundation also initiates long-term public relations and fundraising campaigns to finance all its objectives.
Who is the CEO of The Armenian Philharmonic Orchestra Foundation?
Haig S Bagerdjian is the CEO of The Armenian Philharmonic Orchestra Foundation The CEO's salary of The Armenian Philharmonic Orchestra Foundation is $0 and their total compensation is $0.
What is the revenue of The Armenian Philharmonic Orchestra Foundation?
The Armenian Philharmonic Orchestra Foundation's revenue in 2024 was $207,848.
Who are the executives of The Armenian Philharmonic Orchestra Foundation and what are their salaries?
Here are 3 key members and their salaries (The Armenian Philharmonic Orchestra Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Armenian Philharmonic Orchestra Foundation?
The Armenian Philharmonic Orchestra Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Armenian Philharmonic Orchestra Foundation
The Armenian Philharmonic Orchestra Foundation is a nonprofit organization dedicated to showcasing the rich musical heritage of the Armenian Philharmonic Orchestra. Established with public and charitable purposes in mind, its mission is multifaceted. Primarily, the foundation aims to support the daily operations of the orchestra, ensuring its continued presence and contributions to the world of music.
In addition to these operational responsibilities, the foundation also focuses on nurturing future generations of musicians. This is achieved through the implementation of youth mentorship and training programs. By providing these opportunities, the foundation is not only preserving the Armenian Philharmonic Orchestra's legacy but also cultivating a new generation of talented musicians.
Furthermore, the Armenian Philharmonic Orchestra Foundation engages in long-term public relations and fundraising campaigns. These initiatives are essential in financing the organization's objectives, ensuring its sustainability and ability to continue its mission of presenting the world with the Armenian Philharmonic Orchestra's musical heritage.
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Impact
July, 2024
The Armenian Philharmonic Orchestra Foundation's impact lies in its commitment to presenting the rich musical heritage of the Armenian Philharmonic Orchestra to the world. Through its support of the orchestra's day-to-day activities, provision of youth mentorship and training programs for future musicians, and launch of long-term public relations and fundraising campaigns, the foundation plays a crucial role in preserving and promoting Armenian cultural legacy in the realm of arts.
This information is meant to be a general summary of The Armenian Philharmonic Orchestra Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $7,848
- Gross Receipts: $207,848
Assets and Liabilities:
- Total Assets: $150,120
- Total Liabilities: $0
- Net Assets: $150,120
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Organization Details
Principal Officer
Haig S Bagerdjian
NTEE Category
Code: A69 - Arts
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