Overview
What is Holy Trinity Armenian Preschool?
Holy Trinity Armenian Preschool is a nonprofit organization situated in North Hollywood, California, specifically at 11960 Victory Boulevard, CA 91606. Their primary mission is to offer high-quality preschool education to children at an affordable cost for parents. With a team of 22 dedicated individuals, they strive to provide a nurturing and enriching learning environment for young children. Their work is committed to fostering early development and preparing children for their future educational journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Holy Trinity Armenian Preschool has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members and has not provided any financial statements, which raises red flags about transparency. While there are no reported issues with material diversion of assets, the absence of key governance policies such as conflict of interest and whistleblower policies detracts from its overall score.
On a positive note, the preschool has a perfect program expense ratio of 100%, suggesting that all of its expenses are directed towards its programs. Additionally, it has a strong financial health indicator with a liabilities to assets ratio of just 1.38%. This indicates a manageable level of debt relative to its assets, which is a positive aspect of its financial management.
However, the lack of publicly available documentation and governance policies significantly undermines the organization's credibility. The absence of essential information on its website, as noted in its tax form, further complicates potential donors' ability to assess its operations and trustworthiness. Overall, while the preschool is focused on its programmatic expenses, improvements in transparency and governance are needed for a more favorable evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Trinity Armenian Preschool legitimate?
Holy Trinity Armenian Preschool is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Trinity Armenian Preschool 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: $412,921
For more financial information, click here
What is the mission statement of Holy Trinity Armenian Preschool?
The Holy Trinity Armenian Preschool's mission is centered around providing high-quality preschool education to children at an affordable cost for their parents. This mission is carried out through daily activities, ensuring that every child receives an excellent educational foundation. The preschool's commitment to affordability allows families to invest in their children's education without incurring excessive financial burdens.
Who is the CEO of Holy Trinity Armenian Preschool?
Varsine Khachatryan is the President of Holy Trinity Armenian Preschool.
What is the revenue of Holy Trinity Armenian Preschool?
Holy Trinity Armenian Preschool's revenue in 2022 was $798,087.
Who are the executives of Holy Trinity Armenian Preschool and what are their salaries?
The average compensation at Holy Trinity Armenian Preschool during 2022 was $18,769. There are 22 employees at Holy Trinity Armenian Preschool.
Here are 3 key members and their salaries:
- 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 Holy Trinity Armenian Preschool?
Holy Trinity Armenian Preschool's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holy Trinity Armenian Preschool
Holy Trinity Armenian Preschool is dedicated to offering high-quality preschool education to children at an affordable cost for their parents. The nonprofit institution's mission is centered around providing an enriching learning environment that fosters the growth and development of young learners, ensuring they receive a strong educational foundation. By keeping tuition costs low, Holy Trinity Armenian Preschool aims to make quality early childhood education accessible to as many families as possible.
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Impact
July, 2024
Holy Trinity Armenian Preschool is making a significant impact by providing children with quality preschool education at a low cost to parents in North Hollywood, CA. This initiative is helping to ensure that children have access to early childhood education, setting them on a path towards academic success and social development. The low cost to parents makes this educational opportunity more accessible to families of diverse socioeconomic backgrounds, ultimately benefiting the community by promoting equality in education. Through its mission of offering quality preschool education at an affordable price, Holy Trinity Armenian Preschool is making a positive impact on the lives of children and families in the North Hollywood area.
This information is meant to be a general summary of Holy Trinity Armenian Preschool. 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 2022.
- Investment Income: $86
- Program Service Revenue: $722,454
- Gross Receipts: $798,087
Assets and Liabilities:
- Total Assets: $571,387
- Total Liabilities: $7,892
- Net Assets: $563,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$552,696
CHILD CARE RESOURCES
Revenue
$169,758
Organization Details
Founding Year
2003
Phone
(818) 761-7564Principal Officer
Varsine Khachatryan
Main Address
11960 VICTORY BOULEVARD, NORTH HOLLYWOOD, CA, 91606
NTEE Category
Code: B21 - Education
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