Overview
What is Armenian Educational Foundation?
The Armenian Educational Foundation, located at 600 W BROADWAY 130, Glendale, CA 91204, is a nonprofit organization dedicated to preserving and promoting Armenian heritage, religious beliefs, history, and language. They achieve this mission by providing grants to various organizations, schools, churches, and individuals. The primary objective of these grants is to support Armenian education and heritage. The foundation's activities contribute to the goals of Armenian education, nurturing a sense of cultural identity and pride among its community members. With a small workforce of just two individuals, the Armenian Educational Foundation plays a significant role in fostering Armenian heritage and education.
Official website here: www.aefweb.org/
What are the reviews and ratings of this charity?
Charity Navigator rating: 86% (Three-Star out of Four Star rating)
The Armenian Educational Foundation (AEF) has received an overall score of 86%, highlighting its strong commitment to accountability and finance, with a notable 90% score in that category. The organization boasts a fully independent board, effective financial oversight, and excellent program expense ratios, indicating a high level of direct funding towards its mission. However, there are notable gaps in certain governance policies, such as the absence of a conflict of interest policy, whistleblower policy, and document retention guidelines, which could be areas for improvement.
User feedback from Great Nonprofits reflects high satisfaction among supporters, with one board member praising AEF for its efficiency and the significant impact it has on students. The organization has a long history, celebrating over 70 years of service, and has seen substantial growth in membership and student sponsorship, which is a testament to its effectiveness. Volunteers drive the organization, ensuring that the majority of funds are allocated directly to student support.
While the financial health and leadership of AEF are commendable, the missing governance policies should be addressed to enhance transparency and confidence among donors and stakeholders. Overall, the Armenian Educational Foundation is recognized as a reliable nonprofit with a solid track record, though it has room for growth in its governance practices.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Armenian Educational Foundation legitimate?
Armenian Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armenian Educational 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:
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Other Salaries and Wages: $121,283
For more financial information, click here
Official website here: www.aefweb.org/
What is the mission statement of Armenian Educational Foundation?
The Armenian Educational Foundation's mission is centered around providing grants that align with the objectives of Armenian education and heritage. This philanthropic organization supports organizations, schools, churches, and individuals who are instrumental in preserving and propagating Armenian culture, religious beliefs, history, and language. By offering these grants, the foundation plays a significant role in fostering a deeper understanding and appreciation of Armenian heritage.
Official website here: www.aefweb.org/
Who is the CEO of Armenian Educational Foundation?
Vahe Hacopian is the Member of Armenian Educational Foundation.
Official website here: www.aefweb.org/
What is the revenue of Armenian Educational Foundation?
Armenian Educational Foundation's revenue in 2022 was $1,930,786.
Official website here: www.aefweb.org/
Who are the executives of Armenian Educational Foundation and what are their salaries?
The average compensation at Armenian Educational Foundation during 2022 was $60,642. There are 2 employees at Armenian Educational Foundation.
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Official website here: www.aefweb.org/
Where can I find the form 990 for Armenian Educational Foundation?
Armenian Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aefweb.org/
Learn more at the official website: www.aefweb.org/
Mission Statement of Armenian Educational Foundation
The Armenian Educational Foundation, as an organization, is dedicated to providing grants that contribute to the objectives of Armenian education and heritage. This mission is carried out by supporting various recipients, including organizations, schools, churches, and individuals, who share the goal of fostering and promoting Armenian heritage, religious beliefs, history, and language. Through these grants, the foundation plays a significant role in preserving and nurturing the cultural identity of the Armenian community.
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Impact
July, 2024
Armenian Educational Foundation's impact can be seen in its dedicated efforts to support Armenian education and heritage. By providing grants to organizations, schools, churches, and individuals that promote the Armenian heritage, religious beliefs, history, and language, the foundation plays a crucial role in preserving and advancing the rich cultural legacy of the Armenian community. Through its focused mission, the Armenian Educational Foundation helps cultivate a deeper understanding and appreciation of Armenian heritage, contributing to the preservation of this important aspect of cultural identity. Their work has a lasting impact on the community, ensuring that future generations continue to uphold and cherish their Armenian heritage.
This information is meant to be a general summary of Armenian Educational 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 2022.
- Investment Income: $125,850
- Gross Receipts: $2,117,571
Assets and Liabilities:
- Total Assets: $5,376,305
- Total Liabilities: $521,129
- Net Assets: $4,855,176
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Organization Details
Founding Year
1950
Phone
(818) 242-4152Principal Officer
Vahe Hacopian
Main Address
600 W BROADWAY 130, Glendale, CA, 91204
Website
www.aefweb.org/NTEE Category
Code: A120 - Arts
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