Civic Intelligence

Homenetmen Glendale Ararat Chapter Endowment Tr

990 • Fiscal year 2018 • EIN 82-6578180

Dec 01, 2017 to Nov 30, 2018 • Filed on Aug 22, 2019

Organization ProfileWWW.ARARAT.ORG
3347 N San Fernando RoadLos Angeles, CA 90065

(323) 256-2564

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

100th percentile

35478%

Faster asset growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

100th percentile

37175%

Faster revenue growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

$1,778,889

No earlier filing loaded for comparison.

Net Assets

$1,778,889

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin99th percentile

Revenue

$1,863,773

No earlier filing loaded for comparison.

Expenses

$2,254

No earlier filing loaded for comparison.

Net Income

$1,861,519

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$3.0M$2.0M$1.0M$0Assets 2018: $1,778,889Liabilities 2018: $0Net Assets 2018: $1,778,8892018Assets 2019: $1,976,739Liabilities 2019: $0Net Assets 2019: $1,976,7392019Assets 2020: $2,163,959Liabilities 2020: $0Net Assets 2020: $2,163,9592020Assets 2022: $2,061,224Liabilities 2022: $0Net Assets 2022: $2,061,2242022Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2018

Assets$1,778,889
Liabilities$0
Net Assets$1,778,889
Open 2018 Filing

Operations Trend

Revenue Growth100th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,863,773Expenses 2018: $2,254Net Income 2018: $1,861,5192018Revenue 2019: $48,443Expenses 2019: $18,821Net Income 2019: $29,6222019Revenue 2020: $13,413Expenses 2020: $18,699Net Income 2020: -$5,2862020Revenue 2022: $47,675Expenses 2022: $20,792Net Income 2022: $26,8832022Revenue 2024: $11,9792024

Highlighted filing

2018

Revenue$1,863,773
Expenses$2,254
Net Income$1,861,519
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2017 to Nov 30, 2018
Signed
Aug 22, 2019
Return Version
2017v2.3
Gross Receipts
$1,867,599
Mission and Program Overview

Mission

Homenetment - glendale ararat chapter endowment trust is an irc section 509(a)(3) support organization. The purpose of this trust is to serve as a type iii supporting organization to the homenetmen (armenian general athletic union) which is an organization exempt from federal tax under section 501(c)(3). This trust is organized exclusively for the benefit of, to perform the functions of, and to carry out the purpose of the supported organization. The supported organization's mission is to provide scouting and athletic resources to the youth and athletes in the usa.

Homenetment - glendale ararat chapter endowment trust is an irc section 509(a)(3) support organization. The purpose of this trust is to serve as a type iii supporting organization to the homenetmen (armenian general athletic union) which is an organization exempt from federal tax under section 501(c)(3). This trust is organized exclusively for the benefit of, to perform the functions of, and to carry out the purpose of the supported organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,000$1,778,889▲ $1,773,889
Investments in Publicly Traded Securities-$1,572,563-
Savings and Temporary Cash Investments-$206,326-
Cash and Non-Interest-Bearing Accounts$5,000--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,000$1,778,889▲ $1,773,889
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,000$1,778,889▲ $1,773,889
Total Liabilities and Net Assets / Fund Balance$5,000$1,778,889▲ $1,773,889

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$5,000$1,845,000▼ $68,857-$1,778,889
2016$0$5,000--$5,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ardashes a GorgorianTrustee
Emil DergevorkianTrustee
Linda MoossaianTrustee
Manuel MarselianTrustee
Roubina H ManouchehriTrustee
Sarkis GrakasianTrustee
Vazrik KhosrovianTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,857,481
Program Service Revenue
$0
Investment Income
$6,292
Other Revenue
$0
All Other Contributions
$1,857,481
Change in Net Assets
$1,861,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,254
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$850-$850
Total Functional Expenses$0$2,254$0$2,254
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Copy of the form is made available for review.”

Form 990, Part VI, Section C, Line 19

“All documents are available in the regional office”

Filing and Contact Details

Filer

Filer Name
Homenetmen - Glendale Ararat Chapter
EIN
82-6578180
Phone
3232562564
Address
3347 N SAN FERNANDO ROAD, LOS ANGELES, CA 90065

Signing Officer

Name
Sarkis Grakasian
Title
Trustee
Phone
3232562564
Signed
2019-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarkis Grakasian
Formed
2017
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
CPA Collective Llp
Address
3900 W ALAMEDA AVE STE 1200, BURBANK, CA 91505
Preparer
Narine Masropian
Phone
8189731650
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Earnings from the endowment can be used to support the activities of the supported organization, homenetmen (armenian general athletic union).”

Raw XML Appendix383 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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IRS990/MissionDesc0HOMENETMENT - GLENDALE ARARAT CHAPTER ENDOWMENT TRUST IS AN IRC SECTION 509(A)(3) SUPPORT ORGANIZATION. THE PURPOSE OF THIS TRUST IS TO SERVE AS A TYPE III SUPPORTING ORGANIZATION TO THE HOMENETMEN (ARMENIAN GENERAL ATHLETIC UNION) WHICH IS AN ORGANIZATION EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3). THIS TRUST IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF THE SUPPORTED ORGANIZATION. THE SUPPORTED ORGANIZATION'S MISSION IS TO PROVIDE SCOUTING AND ATHLETIC RESOURCES TO THE YOUTH AND THLETES IN THE USA.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SUPPORTED ORGANIZATION: HOMENETMEN (ARMENIAN GENERAL ATHLETIC UNION) THIS TRUST IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF THE SUPPORTED ORGANIZATION. EXCEPT FOR THE PAYMENT OF ITS EXPENSES OF ADMINISTRATION, THIS TRUST MAY MAKE PAYMENTS OR DISBURSEMENTS ONLY TO OR FOR THE USE OF THE HOMENETMEN GLENDALE "ARARAT" CHAPTER OF HOMENETMEN (ARMENIAN GENERAL ATHLETIC UNION). SINCE THE TRUST WAS NOT FULLY FUNDED UNTIL CLOSER TO YEAR-END, NO DISBURSEMENTS WERE MADE DURING FYE 11/30/2018. THE TRUST EXPECTS TO MAKE DISBURSEMENTS TO THE SUPPORTED ORGANIZATION TO FUND ACTIVITIES DURING FYE 11/30/2019.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1SUBSTANTIALLY ALL OF THE TRUST'S ACTIVITIES SHALL BE "DIRECT FURTHERENCE" ACTIVITIES, AND SHALL BE ACTIVITIES IN WHICH, BUT FOR THE TRUST'S INVOLVEMENT, THE SUPPORTED ORGANIZATION WOULD NORMALLY BE INVOLVED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE PURPOSE OF THIS TRUST IS TO SERVE AS A TYPE III FISO SUPPORTING ORGANIZATION WITH RESPECT TO HOMENETMEN ("SUPPORTED ORGANIZATION"). AS SUCH, THIS TRUST IS FUNCTIONALLY INTEGRATED WITH THE SUPPORTED ORGANIZATION AND OPERATES IN CONNECTION WITH THE TRUST. SUBSTANTIALLY ALL OF THE TRUST ACTIVITIES ARE DIRECT FURTHERENCE ACTIVITIES AND ARE ACTIVITIES IN WHICH, BUT FOR THE TRUST'S INVOLVEMENT, THE SUPPORTED ORGANIZATION WOULD NORMALLY BE INVOLVED IN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION D, LINE 3:
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EARNINGS FROM THE ENDOWMENT CAN BE USED TO SUPPORT THE ACTIVITIES OF THE SUPPORTED ORGANIZATION, HOMENETMEN (ARMENIAN GENERAL ATHLETIC UNION).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF THE FORM IS MADE AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE AVAILABLE IN THE REGIONAL OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOMENETMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237062425
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO TRAIN ALL YOUTH AND ATHLETES PARTICIPATE IN SCOUTING, CAMPINT & ATHLETICS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02324 COLORADO BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090041
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05000
IRS990/TotalAssetsEOYAmt01778889
IRS990/TotalAssetsGrp/BOYAmt05000
IRS990/TotalAssetsGrp/EOYAmt01778889
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01857481
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02254
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02254
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01778889
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06292
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01863773
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01778889
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03347 N SAN FERNANDO ROAD
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090065
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.ARARAT.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SARKIS GRAKASIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03232562564
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOMENETMEN - GLENDALE ARARAT CHAPTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ENDOWMENT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0826578180
ReturnHeader/Filer/PhoneNum03232562564
ReturnHeader/Filer/USAddress/AddressLine1Txt03347 N SAN FERNANDO ROAD
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090065
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId052E7ECD70162E7C11B95E7B0585E1F0BDD9E4FC6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId052E7ECD70162E7C11B95E7B0585E1F0BDD9E4FC6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.172.121.138
ReturnHeader/FilingSecurityInformation/IPDt02019-08-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm018:50:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0825211185
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CPA COLLECTIVE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03900 W ALAMEDA AVE STE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BURBANK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091505
ReturnHeader/PreparerPersonGrp/PhoneNum08189731650
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NARINE MASROPIAN
ReturnHeader/ReturnTs02019-08-27T11:14:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-12-01
ReturnHeader/TaxPeriodEndDt02018-11-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,778,889
Liabilities
$0
Net assets
$1,778,889
Revenue
$1,863,773
Expenses
$2,254
Net income
$1,861,519
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.00$2.06$0.05$0.02$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.00$2.16$0.01$0.02$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.00$1.98$0.05$0.02$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$1.86$0.00$1.86