Overview
What is Primary Educational Foundation?
The Primary Educational Foundation, located in Glendale, California (specifically at 1454 Hillside Drive), is a nonprofit organization that is committed to providing elementary education to the community. Their mission encompasses educating individuals, and as stated, they offer Armenian education as well. The organization strives to contribute positively to the community through its educational programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%
The Primary Educational Foundation received a score of 35%, resulting in a Zero-Star out of Four Star rating. This rating indicates significant concerns regarding the organization's accountability and financial practices. The foundation lacks independent board members, which raises questions about oversight and governance. Furthermore, the absence of financial statements and critical policies, such as a conflict of interest and whistleblower policy, further detracts from the organization's credibility.
On a more positive note, the foundation scored 100% in its program expense ratio, suggesting that all its expenditures are directed towards its programs. However, this does not compensate for the numerous deficiencies identified in its financial practices and lack of transparency. The high liabilities to assets ratio, at 119.09%, indicates financial instability, which is a concerning factor for potential donors and stakeholders.
Overall, while the organization demonstrates a commitment to programmatic spending, the lack of basic governance structures, lack of transparency, and financial instability present significant challenges. Prospective supporters should carefully consider these aspects before engaging with the Primary Educational Foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Primary Educational Foundation legitimate?
Primary Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Primary 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $774,144
For more financial information, click here
What is the mission statement of Primary Educational Foundation?
The Primary Educational Foundation is established with a mission to provide elementary education to the community. This organization is dedicated to offering educational services, including Armenian education, to cater to the needs of the community. By offering elementary education, the foundation aims to contribute positively to the community's development and growth. The organization's activities are centered around providing a solid educational foundation for children, ensuring they have the necessary skills and knowledge to thrive in their future endeavors.
Who is the CEO of Primary Educational Foundation?
Edik Ebrahimian is the President of Primary Educational Foundation.
What is the revenue of Primary Educational Foundation?
Primary Educational Foundation's revenue in 2022 was $1,557,318.
Who are the executives of Primary Educational Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Primary Educational Foundation?
Primary Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Primary Educational Foundation
The Primary Educational Foundation is an organization committed to delivering elementary education to the community. With a focus on providing education in both the English and Armenian languages, this nonprofit aims to cater to the educational needs of its community members. The organization's mission is to contribute positively to the educational landscape, fostering a learning environment that is inclusive and supportive for all. Through its initiatives, the Primary Educational Foundation seeks to equip individuals with the knowledge and skills necessary to thrive in their personal and professional lives.
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Impact
July, 2024
Primary Educational Foundation has a significant impact on the community by providing elementary education services, including Armenian language instruction. Through its activities, the organization contributes to the educational development of children in Glendale, CA, fostering a well-rounded and culturally enriched learning environment.
This information is meant to be a general summary of Primary 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.
- Program Service Revenue: $1,557,318
- Gross Receipts: $1,557,318
Assets and Liabilities:
- Total Assets: $635,985
- Total Liabilities: $500,000
- Net Assets: $135,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE RETENTION CREDIT
Revenue
$301,631
PROGRAM REVENUE
Revenue
$1,255,687
Organization Details
Principal Officer
Edik Ebrahimian
Main Address
1454 HILLSIDE DRIVE, GLENDALE, CA, 91208
NTEE Category
Code: B24 - Education
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