Overview
What is Healthy Futures Armenia Inc?
Healthy Futures Armenia Inc is a nonprofit organization, headquartered in La Crescenta, California, with a postal address at PO Box 12282. Their primary mission is to foster health care, education, and development in the Armenian community. By promoting these three essential pillars, the organization aims to contribute positively to the well-being and progress of the people in Armenia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Healthy Futures Armenia Inc has received a low rating of 50% from Charity Navigator, resulting in a One-Star out of Four Star rating. This score reflects significant shortcomings in accountability and transparency, which are crucial for fostering trust among donors and stakeholders. The organization has no independent board members, which raises concerns about governance and oversight practices.
Despite the accountability issues, Healthy Futures Armenia Inc does demonstrate a strong commitment to its mission, as indicated by a program expense ratio of 100%. This suggests that all of its expenditures are directed towards its charitable programs, a positive aspect that highlights the organization’s focus on impact. Additionally, it has a favorable liabilities to assets ratio, indicating a solid financial position.
However, the absence of essential policies and disclosures, such as a conflict of interest policy and a whistleblower policy, alongside missing documentation on its website, significantly detracts from its credibility. These gaps indicate a need for improvement in governance practices and transparency to build donor confidence and ensure the organization’s long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Healthy Futures Armenia Inc legitimate?
Healthy Futures Armenia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Healthy Futures Armenia Inc 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 Healthy Futures Armenia Inc?
Healthy Futures Armenia Inc, as stated in its mission description, is committed to advancing the well-being of Armenia by focusing on healthcare, education, and development. The organization aims to contribute to the betterment of the country by promoting these three crucial sectors. By doing so, it seeks to improve the lives of the people living in Armenia, ensuring a healthier, more educated, and developed society. The organization's activities are centered around these three key areas, with the ultimate goal of creating a brighter future for all Armenians.
Who is the CEO of Healthy Futures Armenia Inc?
Vigen Zargarian is the CEO of Healthy Futures Armenia Inc The CEO's salary of Healthy Futures Armenia Inc is $0 and their total compensation is $4,500.
What is the revenue of Healthy Futures Armenia Inc?
Healthy Futures Armenia Inc's revenue in 2024 was $37,116.
Who are the executives of Healthy Futures Armenia Inc and what are their salaries?
Here are 3 key members and their salaries (Healthy Futures Armenia Inc's CEO's salary is $0 and their total compensation is $4,500):
- Compensation: $0
- Related: $0
- Other: $4,500
- Compensation: $0
- Related: $0
- Other: $1,750
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Healthy Futures Armenia Inc?
Healthy Futures Armenia Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Healthy Futures Armenia Inc
Healthy Futures Armenia Inc is committed to advancing the wellbeing of Armenia by focusing on health care, education, and development. This organization strives to make a significant impact in this field, working tirelessly to promote these essential aspects of society in Armenia. By doing so, Healthy Futures Armenia Inc aims to contribute to a brighter future for the people of Armenia. The organization's mission is clear: to foster growth and progress in health care, education, and development within the country.
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Impact
August, 2024
Healthy Futures Armenia Inc's impact can be seen in the significant improvements in health care, education, and overall development in Armenia. The organization has played a vital role in promoting better healthcare practices, increasing access to education, and fostering the overall growth and progress of the community in Armenia. Through its dedicated efforts, Healthy Futures Armenia Inc has made a tangible difference in the lives of many individuals and has contributed to the betterment of society as a whole.
This information is meant to be a general summary of Healthy Futures Armenia Inc. 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: $37,116
- Gross Receipts: $37,116
Assets and Liabilities:
- Total Assets: $855,316
- Total Liabilities: $1,446
- Net Assets: $853,870
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Organization Details
Founding Year
2018
Principal Officer
Mariette Arakili
NTEE Category
Code: E22 - Health
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