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Nonprofiteer
← AVEDISIAN 575 FOUNDATION INC

Form 990 for tax year 2024

Filed by AVEDISIAN 575 FOUNDATION INC.

Totals

Total revenue
$13,114,173
Total expenses
$6,629,210
Contributions and grants received
$13,048,866
Grants paid
$6,478,665
Program service revenue
$0
Investment income
$65,307
Other revenue
$0
Total assets, end of year
$6,534,124
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,534,124
Program services expenses (Part IX)
$6,478,665
Management and general expenses
$150,545
Fundraising expenses
$0
Program service expenses (Part III)
$6,478,665

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $13,048,866

  • 1g · Noncash contributions included above

    $6,996,721

  • 3 · Investment income

    total $51,166 · excluded $51,166

  • 7a · Gross sales of assets other than inventory

    securities $5,202,856

  • 7b · Less cost or other basis and sales expenses

    securities $5,188,715

  • 7c · Gain or loss

    securities $14,141

  • 7d · Net gain or loss

    total $14,141 · excluded $14,141

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,478,665 · program services $6,478,665

  • 11b · Fees: legal

    total $62,970 · management and general $62,970

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 24a · Other expenses: MULTIMEDIA EXPENSES

    total $82,575 · management and general $82,575

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $32,171 · end of year $5,727,795

  • 12 · Investments: other securities

    end of year $806,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $27,171 · end of year $6,534,124

Mission and programs · 2024

Mission

THE ENTITY SUPPORTS EDUCATIONAL AND RELIGIOUS PROGRAMS AT RECOGNIZED SECTION 501(C)(3) EXEMPT ENTITIES.

Activities or mission (Part I)

THE MISSION OF THE ENTITY IS FUNDING OF EDUCATIONAL PROGRAMS AT THE HIGH SCHOOL, COLLEGE UNDERGRADUATE, AND GRADUATE LEVELS. RELIGIOUS INSTITUTIONS AND ORGANIZATIONS ARE ALSO TO BE PROVIDED ASSISTANCE. THESE ACTIVITIES INVOLVE PARTNERS RECOGNIZED AS 501(C)(3) TAX-EXEMPT CHARITABLE ENTITIES. IF A GRANT OR DISTRIBUTION IS TO BE GIVEN TO AN ORGANIZATION THAT IS NOT WITHIN THE UNITED STATES, INQUIRIES WILL BE MADE TO VERIFY THE ORGANIZATION IS RECOGNIZED AS A TAX-EXEMPT CHARITABLE ORGANIZATION UNDER THE LAWS OF THE COUNTRY IT IS OPERATING WITHIN, AND THE COMPLIANCE TO MAINTAIN THAT STATUS.

  • DURING THE CALENDAR YEAR SUPPORT WAS PROVIDED TO OTHER SECTION 501(C)(3) EDUCATIONAL AND RELIGIOUS CHARITABLE ENTITIES.

    Expenses $6,478,665 · Grants $6,478,665

As filed on the 2024 return.

Listed in Part VII

  • PAMELA AVEDISIAN

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ZVART ONANIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURIE ONANIAN

    CLERK/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRAIG AVEDISIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN JERIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349312356

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