Civic Intelligence

The Avanessians Foundation

990PF • Fiscal year 2023 • EIN 26-6671956

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 30, 2024

PO Box 73 Bowling Green StationNew York, NY 10274-0073

(212) 902-8711

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Net Margin

67th percentile

39%

Higher net margin than 67% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Asset Growth

51st percentile

3.8%

Faster asset growth than 51% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

217%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$60,549,452

Up $2,207,706 (+3.8%) from 2022

Net Assets

Up

$60,549,452

Up $2,207,706 (+3.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$8,817,934

Up $6,036,209 (+217%) from 2022

Expenses

Up

$5,352,227

Up $2,105,350 (+65%) from 2022

Net Income

Up

$3,465,707

Up $3,930,859 (+845%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2019: $49,303,740Liabilities 2019: $0Net Assets 2019: $49,304,7402019Assets 2020: $50,294,685Liabilities 2020: $0Net Assets 2020: $50,294,6852020Assets 2021: $61,040,857Liabilities 2021: $0Net Assets 2021: $61,040,8572021Assets 2022: $58,341,746Liabilities 2022: $0Net Assets 2022: $58,341,7462022Assets 2023: $60,549,452Liabilities 2023: $0Net Assets 2023: $60,549,4522023Assets 2024: $64,020,212Liabilities 2024: $0Net Assets 2024: $64,020,2122024

Highlighted filing

2023

Assets$60,549,452
Liabilities$0
Net Assets$60,549,452

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2019: $7,079,299Expenses 2019: $338,758Net Income 2019: $6,740,5412019Revenue 2020: $1,825,968Expenses 2020: $2,982,567Net Income 2020: -$1,156,5992020Revenue 2021: $14,538,616Expenses 2021: $2,229,645Net Income 2021: $12,308,9712021Revenue 2022: $2,781,725Expenses 2022: $3,246,877Net Income 2022: -$465,1522022Revenue 2023: $8,817,934Expenses 2023: $5,352,227Net Income 2023: $3,465,7072023Revenue 2024: $5,672,027Expenses 2024: $2,673,968Net Income 2024: $2,998,0592024

Highlighted filing

2023

Revenue$8,817,934
Expenses$5,352,227
Net Income$3,465,707
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 30, 2024
Return Version
2023v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARMEN A AVANESSIANSTrustee-$0--
Filing and Contact Details

Filer

Filer Name
The Avanessians Foundation
EIN
26-6671956
In Care Of
% GOLDMAN SACHS PFO
Phone
2129028711
Address
PO Box 73 Bowling Green Station, New York, NY 10274-0073

Signing Officer

Name
Armen Avanessians
Title
Trustee
Phone
5186405000
Signed
2024-09-30
Discuss with paid preparer
Yes

Preparer

Firm
Ernst & Young US Llp
Address
ONE MANHATTAN WEST, NEW YORK, NY 10001
Preparer
Christine DiIonna
Phone
2127733000
Raw XML Appendix395 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0GENERAL CHARITABLE PURPOSES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1GENERAL CHARITABLE PURPOSES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2GENERAL CHARITABLE PURPOSES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt3GENERAL CHARITABLE PURPOSES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0NATIONAL MUSEUM OF MATHEMATICS
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt3GOLDMAN SACHS GIVES
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2New York
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm3New York
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IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0ARMEN A AVANESSIANS
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0PO BOX 73 BOWLING GREEN STATION
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0NEW YORK
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd0102740073
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt03000100
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum01
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum11
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum21
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum31
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum41
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt069882
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt184233
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt255344
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt382796
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt42707845
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0948 SHARES OF ARCH CAPITAL GROUP LTD
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc1237 SHARES OF BERKSHIRE HATHAWAY INC.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc21,114 SHARES OF CISCO SYSTEMS INC.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc3145 SHARES OF ELI LILLY & CO.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc47,140 SHARES OF GOLDMAN SACHS GROUP INC
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02023-12-21
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt12023-12-21
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt22023-12-21
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt32023-12-21
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt42023-12-21
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OtherDecreasesSchedule/OtherDecreasesDetail/Amt01891274
OtherDecreasesSchedule/OtherDecreasesDetail/Amt10
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0EXCESS OVER DONOR'S COST BASIS FOR
OtherDecreasesSchedule/OtherDecreasesDetail/Desc1STOCK RECEIVED INTO THE FOUNDATION
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0STATE FILING FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt01500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt01500
OtherIncomeSchedule2/OtherIncomeDetail/Desc0PASSTHROUGH INCOME:
OtherIncomeSchedule2/OtherIncomeDetail/Desc1Dragoneer Opp VI Access OS LP
OtherIncomeSchedule2/OtherIncomeDetail/Desc2Broad Street RE Partners VII
OtherIncomeSchedule2/OtherIncomeDetail/Desc3GS Mezz VII Investment Income
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt0521
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt123840
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt2284886
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0521
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt123840
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt2284886
OtherIncreasesSchedule/OtherIncreasesDetail/Amt0633273
OtherIncreasesSchedule/OtherIncreasesDetail/Amt10
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0EXCESS OVER DONOR'S COST BASIS FOR
OtherIncreasesSchedule/OtherIncreasesDetail/Desc1STOCK DONATED OUT OF THE FOUNDATION
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt030092
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENT MANAGEMENT FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt030092
TaxesSchedule/TaxesDetail/Amt045000
TaxesSchedule/TaxesDetail/Amt120224
TaxesSchedule/TaxesDetail/CategoryTxt0EXCISE TAXES PAID
TaxesSchedule/TaxesDetail/CategoryTxt1FOREIGN TAXES PAID
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt020224
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Armen Avanessians
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05186405000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Avanessians Foundation
ReturnHeader/Filer/BusinessNameControlTxt0AVAN
ReturnHeader/Filer/EIN0266671956
ReturnHeader/Filer/InCareOfNm0% GOLDMAN SACHS PFO
ReturnHeader/Filer/PhoneNum02129028711
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 73 Bowling Green Station
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0102740073
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE MANHATTAN WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010001
ReturnHeader/PreparerPersonGrp/PhoneNum02127733000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Christine DiIonna
ReturnHeader/ReturnTs02024-11-06T07:10:11-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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