Civic Intelligence

Haigazian University Support Fund Inc.

990 • Fiscal year 2020 • EIN 47-4764476

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

Organization ProfileN/A
1101 North Pacific Avenue Ste 301Glendale, CA 91202

(818) 937-9840

Siviq Scores

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

Liabilities / Assets

86th percentile

0.06x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.03x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Source year 2020

Net Margin

80th percentile

34%

Higher net margin than 80% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Source year 2020

Top Officer Pay

97th percentile

$0

Higher top officer pay than 97% of similar nonprofits.

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

2020 filings • NTEE B11 • <$500k nonprofits • Source year 2020

Asset Growth

98th percentile

289%

Faster asset growth than 98% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

140%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$183,570

Up $136,383 (+289%) from 2019

Net Assets

Up

$172,985

Up $136,383 (+373%) from 2019

Liabilities

Flat

$10,585

Flat from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin80th percentile

Revenue

Up

$405,390

Up $236,236 (+140%) from 2019

Expenses

Up

$269,006

Up $144,630 (+116%) from 2019

Net Income

Up

$136,384

Up $91,606 (+205%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$400K$300K$200K$100K$0-$100KAssets 2015: $31,996Liabilities 2015: $10,5852015Assets 2016: $7,574Liabilities 2016: $10,585Net Assets 2016: -$3,0112016Assets 2017: $11,729Liabilities 2017: $10,585Net Assets 2017: $1,1442017Assets 2018: $2,409Liabilities 2018: $10,585Net Assets 2018: -$8,1762018Assets 2019: $47,187Liabilities 2019: $10,585Net Assets 2019: $36,6022019Assets 2020: $183,570Liabilities 2020: $10,585Net Assets 2020: $172,9852020Assets 2021: $255,276Liabilities 2021: $10,585Net Assets 2021: $244,6912021Assets 2022: $306,824Liabilities 2022: $10,585Net Assets 2022: $296,2392022Assets 2023: $187,475Liabilities 2023: $10,585Net Assets 2023: $176,8902023

Highlighted filing

2020

Assets$183,570
Liabilities$10,585
Net Assets$172,985
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

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

$600K$400K$200K$0-$200KRevenue 2015: $25,228Expenses 2015: $3,817Net Income 2015: $21,4112015Revenue 2016: $72,265Expenses 2016: $96,687Net Income 2016: -$24,4222016Revenue 2017: $65,742Expenses 2017: $61,587Net Income 2017: $4,1552017Revenue 2018: $39,099Expenses 2018: $48,419Net Income 2018: -$9,3202018Revenue 2019: $169,154Expenses 2019: $124,376Net Income 2019: $44,7782019Revenue 2020: $405,390Expenses 2020: $269,006Net Income 2020: $136,3842020Revenue 2021: $157,185Expenses 2021: $85,479Net Income 2021: $71,7062021Revenue 2022: $387,862Expenses 2022: $336,314Net Income 2022: $51,5482022Revenue 2023: $306,828Expenses 2023: $426,177Net Income 2023: -$119,3492023

Highlighted filing

2020

Revenue$405,390
Expenses$269,006
Net Income$136,384
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$405,390
Mission and Program Overview

Mission

The organization provides united states based fund raising and financial support for the use and benefit of its supported organization, haigazian university, inc., primarily through fund raising targeted to alumni, friends and supporters of haigazian university, inc., and other members of the general public.

To provide united states based fundraising and financial support for its supported organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,186$183,570▲ $136,384
Rtn Earn Endowment Incm Other Fnds$36,601$172,985▲ $136,384
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$47,186$183,570▲ $136,384
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$10,585$10,585→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,585$10,585→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$36,601$172,985▲ $136,384
Total Liabilities and Net Assets / Fund Balance$47,186$183,570▲ $136,384
Compensation and Service Providers
Top Officer Pay97th percentile

Board Members and Trustees

NameTitle
Hasmig Baran EddPresident & Director
Ani Darakjian MdDirector
Christina SegelDirector
Hrag Marganian MdDirector
J Barkev M KassarjianDirector
Joyce SteinDirector
Kevin MatossianDirector
Michael LandesDirector
Nazareth Darakjian MdDirector
Serge BuchakjianDirector
Vartkes TavlianDirector
Vicken AharonianDirector
Zaven KhanjianDirector
Vahram Shemmassian MdSecretary & Director
Robert KurkjianTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$405,390
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$405,390
Change in Net Assets
$136,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$255,439
Other Expenses$13,567
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$255,439--$255,439
Fees for Services Accounting-$11,919-$11,919
Other Expenses-$1,493$0$1,493
Fees for Services Legal-$95-$95
Total Functional Expenses$255,439$13,567$0$269,006
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$10,585
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Haigazian University Support Fund Inc
EIN
47-4764476
In Care Of
% ROBERT KURKJIAN
Phone
8189379840
Address
1101 NORTH PACIFIC AVENUE STE 301, GLENDALE, CA 91202

Signing Officer

Name
Hasmig Baran
Title
President
Phone
8189379840
Signed
2021-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hasmig Baran
Formed
2015
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
0
Employees
0

Preparer

Firm
Holthouse Carlin & Van Trigt Llp
Address
100 OCEANGATE 9th Floor, LONG BEACH, CA 90802
Preparer
Stacy Yamanishi
Phone
5625909535
Supplemental Narrative

Additional Explanations

ORGANIZATION'S PRIMARY EXEMPT PURPOSES

“The organization provides united states based fundraising and financial support for the use and benefit of its supported organization, haigazian university, inc., primarily through fundraising targeted to alumni, friends and supporters of haigazian university, inc., and other members of the general public.”

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION PROVIDES UNITED STATES BASED FUNDRAISING AND FINANCIAL SUPPORT FOR THE USE AND BENEFIT OF ITS SUPPORTED ORGANIZATION, HAIGAZIAN UNIVERSITY, INC., PRIMARILY THROUGH FUNDRAISING TARGETED TO ALUMNI, FRIENDS AND SUPPORTERS OF HAIGAZIAN UNIVERSITY, INC., AND OTHER MEMBERS OF THE GENERAL PUBLIC.
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0TAXES & LICENSES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt060
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11493
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0HASMIG BARAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/ReconcilationRevenueExpnssAmt0136384
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt036601
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0172985
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0980233371
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1980233371
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0205439
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt150000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HAIGAZIAN UNIVERSITY INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1HAIGAZIAN UNIVERISTY INC - ENDOWMENT AT AMAA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0255439
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010585

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$183,570
Liabilities
$10,585
Net assets
$172,985
Revenue
$405,390
Expenses
$269,006
Net income
$136,384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.87$0.11$1.77$3.07$4.26$1.19
2022Detailed filing. Detailed filing data is available for this year.$3.07$0.11$2.96$3.88$3.36$0.52
2021Detailed filing. Detailed filing data is available for this year.$2.55$0.11$2.45$1.57$0.85$0.72
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.11$1.73$4.05$2.69$1.36
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.11$0.37$1.69$1.24$0.45
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.11$0.08$0.39$0.48$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.11$0.01$0.66$0.62$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.11$0.03$0.72$0.97$0.24
2015Summary only. Only limited summary data is available for this year.$0.32$0.11$0.25$0.04$0.21