Overview
What is Ararat Youth Center Endowment Trust?
The Ararat Youth Center Endowment Trust is a charitable organization, specifically classified as a Type III Support Organization, dedicated to assisting the Homenetmen Glendale "Ararat" Chapter of HOMENETMEN (Armenian General Athletic Union). Located in Los Angeles, California, its primary mission is to operate exclusively for the benefit of the supported organization, providing support and carrying out its purposes. The trust is exempt from federal income tax under section 501(c)(3) and serves as a vital resource to the Armenian General Athletic Union, ensuring its continued operations and initiatives.
Official website here: www.homenetmen.net
Is Ararat Youth Center Endowment Trust legitimate?
Ararat Youth Center Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ararat Youth Center Endowment Trust 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:
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Official website here: www.homenetmen.net
What is the mission statement of Ararat Youth Center Endowment Trust?
The Ararat Youth Center Endowment Trust serves as a supporting organization, specifically a Type III entity, as per section 509(a)(3) of the Internal Revenue Code of 1986. Its primary role is to aid Homenetmen (Armenian General Athletic Union), an organization exempt from federal tax under section 501(c)(3), in carrying out its purposes and functions. The trust is established solely for the benefit of Homenetmen, aiming to support its activities and advance its mission.
Official website here: www.homenetmen.net
Who is the CEO of Ararat Youth Center Endowment Trust?
Roobina Arshakian is the Trustee of Ararat Youth Center Endowment Trust.
Official website here: www.homenetmen.net
What is the revenue of Ararat Youth Center Endowment Trust?
Ararat Youth Center Endowment Trust's revenue in 2022 was $21,437.
Official website here: www.homenetmen.net
Who are the executives of Ararat Youth Center Endowment Trust and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.homenetmen.net
Where can I find the form 990 for Ararat Youth Center Endowment Trust?
Ararat Youth Center Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homenetmen.net
Learn more at the official website: www.homenetmen.net
Mission Statement of Ararat Youth Center Endowment Trust
The Ararat Youth Center Endowment Trust is a Type III Support Organization, as per section 509(a)(3) of the Internal Revenue Code of 1986. Its primary purpose is to contribute to the Homenetmen Glendale "Ararat" Chapter of HOMENETMEN (Armenian General Athletic Union), an organization that is exempt from federal income tax under section 501(c)(3) and is not classified as a private foundation due to its status as an organization described in section 170(b)(1)(A)(vi). This trust is established to support, perform the functions, and carry out the purposes of the Homenetmen Glendale "Ararat" Chapter. It operates exclusively for the benefit of this supported organization.
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Impact
October, 2024
The Ararat Youth Center Endowment Trust plays a crucial role in enhancing community engagement and support for youth programs tied to the Homenetmen Glendale "Ararat" Chapter. By functioning as a Type III Support Organization, it ensures the continuous provision of resources and funding necessary for the operation and development of various athletic and educational initiatives.
The trust's impact is felt in multiple ways. It supports structured activities that promote physical fitness and teamwork, fostering a sense of belonging and community among participants. By funding these programs, the trust not only aids in the personal development of the youth involved but also strengthens connections within the Armenian community in Los Angeles.
Furthermore, the trust's stringent adherence to regulations ensures that it operates effectively and transparently, maximizing its ability to benefit the Homenetmen organization. Overall, its commitment to supporting the mission of the Homenetmen enhances the overall well-being of local youth, equipping them with important life skills and opportunities for growth.
This information is meant to be a general summary of Ararat Youth Center Endowment Trust. 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: $21,261
- Gross Receipts: $54,662
Assets and Liabilities:
- Total Assets: $982,201
- Total Liabilities: $350,000
- Net Assets: $632,201
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Organization Details
Founding Year
2017
Phone
(323) 256-2564Principal Officer
Roobina Arshakian
Main Address
3347 N San Fernando Rd, Los Angeles, CA, 90065
Website
www.homenetmen.netNTEE Category
Code: P12 - Human services
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