CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION (EIN 05-0502562)
Tax period
2022-12-01 to 2023-11-30
Filed
2024-10-15
IRS object ID
202432899349101073
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-15T16:08:36-05:00ReturnTs
Tax Period End2023-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043023027PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VERDOLINO & LOWEY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1124 WASHINGTON ST SUITE 101AddressLine1Txt
CityFOXBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN050502562EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CHARLES & AGNES KAZARIANBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCHARBusinessNameControlTxt
Phone2024499600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11629 K STREET NW SUITE 300AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL B KAZARIANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2024499600PhoneNum
Signature2024-10-15SignatureDt
Discuss With Paid Preparer0DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHEATHER MEDEIROS CPAPreparerPersonNm
PTINP00458639PTIN
Phone5085431720PhoneNum
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$210,444,342FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$318,800InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$318,800InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$318,800InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$251,718DividendsRevAndExpnssAmt
Dividends Net Invst Incm$251,718DividendsNetInvstIncmAmt
Dividends Adj Net Incm$251,718DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,211,183NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$83,581,357GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,211,183CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$1,324,826NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$7,764,672OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$0OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$0OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$9,546,373TotalRevAndExpnssAmt
Total Net Invst Incm$1,781,701TotalNetInvstIncmAmt
Total Adj Net Incm$1,895,344TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$0CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$49,000OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$4,900OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Adj Net Incm$0OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$44,100OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$24,026PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$2,403PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm$0PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$21,623PensionEmplBnftDsbrsChrtblAmt
Taxes Rev And Expnss$4,050TaxesRevAndExpnssAmt
Taxes Net Invst Incm$405TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$3,645TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$19,606DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$19,606DeprecAndDpltnAdjNetIncmAmt
Occupancy Rev And Expnss$5,484OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$548OccupancyNetInvstIncmAmt
Occupancy Adj Net Incm$0OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl$4,936OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss$9,454,835OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$47,857OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$9,406,978OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,557,001TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$56,113TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$19,606TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$9,481,282TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,557,001TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$56,113TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$19,606TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$9,481,282TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$10,628ExcessRevenueOverExpensesAmt
Net Investment Income$1,725,588NetInvestmentIncomeAmt
Adjusted Net Income$1,875,738AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$499,761SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$242,664SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$242,664SavAndTempCashInvstEOYFMVAmt
Pledges Rcvbl$80,000,000PledgesRcvblAmt
Pledges Rcvbl BOY$80,000,000PledgesRcvblBOYAmt
Pledges Rcvbl EOY$80,000,000PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$80,000,000PledgesRcvblEOYFMVAmt
Other Nts And Loans Rcvbl$22,971OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$22,971OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$22,971OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$22,971OtherNtsAndLoansRcvblEOYFMVAmt
Prepaid Expenses BOY$5,125PrepaidExpensesBOYAmt
Prepaid Expenses EOY$5,125PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$5,125PrepaidExpensesEOYFMVAmt
US Government Obligations BOY$32,757,506USGovernmentObligationsBOYAmt
US Government Obligations EOY$35,973,082USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$36,401,322USGovtObligationsEOYFMVAmt
Corporate Stock BOY$345,838CorporateStockBOYAmt
Corporate Stock EOY$345,838CorporateStockEOYAmt
Corporate Stock EOYFMV$423,750CorporateStockEOYFMVAmt
Other Investments BOY$6,905,080OtherInvestmentsBOYAmt
Other Investments EOY$4,069,214OtherInvestmentsEOYAmt
Other Investments EOYFMV$4,234,547OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$14,514,595LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$146,450LandBldgEquipAccumDeprecAmt
Land BOY$14,387,751LandBOYAmt
Land EOY$14,368,145LandEOYAmt
Land EOYFMV$14,368,145LandEOYFMVAmt
Other Assets BOY$73,165,455OtherAssetsBOYAmt
Other Assets EOY$74,427,707OtherAssetsEOYAmt
Other Assets EOYFMV$74,745,818OtherAssetsEOYFMVAmt
Total Assets BOY$208,089,487TotalAssetsBOYAmt
Total Assets EOY$209,454,746TotalAssetsEOYAmt
Total Assets EOYFMV$210,444,342TotalAssetsEOYFMVAmt
Accounts Payable BOY$44AccountsPayableBOYAmt
Accounts Payable EOY$35AccountsPayableEOYAmt
Total Liabilities BOY$44TotalLiabilitiesBOYAmt
Total Liabilities EOY$35TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$208,089,443RetainedEarningBOYAmt
Retained Earning EOY$209,454,711RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$208,089,443TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$209,454,711TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$208,089,487TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$209,454,746TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$208,089,443TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$10,628ExcessRevenueOverExpensesAmt
Other Increases$1,375,896OtherIncreasesAmt
Subtotal$209,454,711SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$209,454,711TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (22 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
US TREASURY BILLP2022-11-142022-12-13$6,510,000$6,491,838$18,162$18,162
US TREASURY BILLP2022-12-132023-01-10$4,580,000$4,567,308$12,692$12,692
US TREASURY BILLP2023-01-102023-02-07$6,200,000$6,179,930$20,070$20,070
US TREASURY BILLP2022-11-142023-02-09$11,393,000$11,281,766$111,234$111,234
US TREASURY BILLP2022-12-132023-03-16$1,000,000$989,248$10,752$10,752
US TREASURY BILLP2022-11-142023-05-11$2,677,000$2,618,929$58,071$58,071
US TREASURY BILLP2023-05-112023-11-09$2,677,000$2,611,493$65,507$65,507
US TREASURY BILLP2022-11-142022-12-13$864,000$861,601$2,399$2,399
US TREASURY BILLP2022-12-132023-01-10$864,000$861,632$2,368$2,368
US TREASURY BILLP2023-01-092023-02-07$864,000$861,211$2,789$2,789
US TREASURY BILLP2022-11-142023-02-09$1,512,000$1,497,245$14,755$14,755
US TREASURY BILLP2022-11-142023-05-11$1,512,000$1,479,197$32,803$32,803
US TREASURY BILLP2023-02-062023-08-03$864,000$844,077$19,923$19,923
US TREASURY BILLP2023-02-092023-08-10$1,923,000$1,877,365$45,635$45,635
US TREASURY BILLP2023-05-112023-11-09$1,515,000$1,477,905$37,095$37,095
US TREASURY BILLP2022-11-142023-05-11$8,716,000$8,526,930$189,070$189,070
US TREASURY BILLP2022-12-152023-05-15$1,000,000$977,224$22,776$22,776
US TREASURY BILLP2023-03-152023-07-11$1,000,000$984,790$15,210$15,210
US TREASURY BILLP2023-02-092023-08-10$12,024,000$11,738,627$285,373$285,373
US TREASURY BILLP2023-02-062023-08-03$6,200,000$6,056,881$143,119$143,119
US TREASURY BILLP2023-05-112023-11-09$8,800,000$8,584,977$215,023$215,023
PRI - LOSS ON MATURITYP2017-11-302023-11-30$886,357$1,000,000-$113,643-$113,643
FieldValueIRS element (for citing)
Capital Gain Net Income$1,211,183CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$1,324,826NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$23,986InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$23,986SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$23,986TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$21,412EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$9,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$30,412TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$6,426OverpaymentAmt
Applied To ES Tax$6,426AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen0Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (1)PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKAZARIAN FOUNDATIONIndividualWithBooksNm
Phone2024499600PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11629 K STREETAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionYes (1)ForeignAccountsQuestionInd
Foreign CountrySZForeignCountryCd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business HoldingsYes (1)BusinessHoldingsInd
Excess Business Holdings0ExcessBusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonPAUL B KAZARIANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11629 K STREET NW SUITE 300AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd
FieldValueIRS element (for citing)
TitleCHAIRMAN/PRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos50.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1ACTIVITY ONEGOVERNMENT FINANCIAL PERFORMANCE - JI-ANALYTICS (JIA): JI-ANALYTICS IS THE WORLD'S BEST GOVERNMENT FINANCIAL PERFORMANCE BENCHMARKING FIRM. JIA CREATES THE WORLD'S BEST HIGH VALUE-ADD FINANCIAL PERFORMANCE ANALYTICS ON SOVEREIGN AND REGIONAL GOVERNMENTS FOR BOTH SINGLE GOVERNMENT HISTORICAL BENCHMARKING AND PEER GOVERNMENT BENCHMARKING. AS JIA STATES, "WE, OUR CUSTOMERS, AND OUR CLIENTS CARE ABOUT GOVERNMENT FINANCIAL PERFORMANCE BENCHMARKING AND THE CITIZENS' WEALTH FRAMEWORK, BECAUSE GOVERNMENT FINANCIAL DECISIONS DIRECTLY AFFECT THE PROBABILITY OF DEBT, CURRENCY, AND FINANCIAL CRISES, WHICH HAVE A DISPROPORTIONALLY LARGE IMPACT ON SOCIETY'S MOST DISADVANTAGED." JIA'S CITIZENS' WEALTH FRAMEWORK (CWF) IS BOTH "A QUANTUM LEAP IN GOVERNMENT FINANCIAL PERFORMANCE MANAGEMENT AND "THE GREATEST ADVANCE IN SOVEREIGN RISK ANALYSIS". SEE WWW.JIANALYTICS.COM.Description1Txt
Expenses1$1,082,143Expenses1Amt
Description2ACTIVITY TWOEDUCATION - A. GOVERNMENT FINANCIAL MANAGEMENT EDUCATION: DEVELOP AND CULIVATE INITIATIVES TO EDUCATE KEY STAKEHOLDERS AND THEIR CONSTITUENTS ON GOVERNMENT FINANCIAL MANAGEMENT, PERFORMANCE, AND HISTORICAL/PEER BENCHMARKING (GFM EDUCATION). GFM EDUCATIONAL VENUES INCLUDE GLOBAL CONFERENCES, WEB-BASED EDUCATION, EXECUTIVE EDUCATION, AND ELEMENTARY SCHOOL TO UNIVERSITY EDUCATION. B. KAZARIAN CENTER FOR PUBLIC FINANCIAL MANAGEMENT: PRODUCE AND DISSEMINATE PUBLIC FINANCIAL MANAGEMENT RESEARCH, DATA, BEST PRACTICES, AND EVENTS TO EDUCATE KEY STAKEHOLDERS AND CITIZENS ON THE IMPORTANCE OF GOVERNMENT FINANCIAL PERFORMANCE AND GOVERNMENT TOTAL BALANCE SHEET LITERACY. C. CULTURAL HERITAGE EDUCATIONAL INITIATIVES: DEVELOP INITIATIVES, ESPECIALLY FILM AND NEW MEDIA CONTENT, TO EDUCATE COMMUNITIES ON THE WISDOMS TO BE GAINED BY STUDYING AND UNDERSTANDING CULTURAL HERITAGE AND PROTECT VALUABLE CULTURAL HERITAGE ARTIFACTS.Description2Txt
Expenses2$2,469,388Expenses2Amt
Description3ACTIVITY THREECOMMUNITY DEVELOPMENT FINANCE - MIDWESTERN US: MISSION - PROVIDE FINANCING FOR ECONOMICALLY DISTRESSED NEIGHBORHOODS AND THOSE WHO OTHERWISE LACK ACCESS TO TRADITIONAL FINANCIAL SERVICES. SERVING THE UNDERSERVED AND PROVIDING FOR NEIGHBORHOOD REVITALIZATION. EXAMPLES - EMPOWERING THE VIBRANCY OF LOCAL BUSINESSES AND FAMILIES THROUGH COMMUNITY DEVELOPMENT INVESTMENTS, COMMUNITY DEVELOPMENT LOANS, COMMUNITY STEWARDSHIP LOANS, AND SMALL AND MIDSIZE BUSINESS LOANS. SUPPORTING SMALL BUSINESS OWNERS AND NONPROFIT ORGANIZATIONS IN LOW TO MODERATE INCOME COMMUNITIES, BY ACTIVELY ENGAGING IN LENDING AND ECONOMIC OPPORTUNITIES THAT DELIVER NEEDED CAPITAL, INSPIRING CONTINUED SUCCESS AND ULTIMATELY HELPING NEIGHBORHOODS THRIVE.Description3Txt
Expenses3$1,783,248Expenses3Amt
Description4ACTIVITY FOURCOMMUNITY DEVELOPMENT FINANCE - NORTHEASTERN US: MISSION - PROVIDE FINANCING FOR ECONOMICALLY DISTRESSED NEIGHBORHOODS AND THOSE WHO OTHERWISE LACK ACCESS TO TRADITIONAL FINANCIAL SERVICES. EXAMPLES - HELPING FAMILIES ON THE VERGE OF FORECLOSURE, THROUGH NO FAULT OF THEIR OWN. HELPING PEOPLE RECOGNIZE THE DREAM OF HOMEOWNERSHIP THROUGH INNOVATIVE PROGRAMS. HELPING MUNICIPALITIES BY PROVIDING SERVICE AND SUPPORT WHEN NEEDED. HELPING MUNICIPALITIES BY BECOMING A TRUSTED FINANCIAL PARTNER AND VALUED RESOURCE. SUPPORTING THE COMMUNITY ORGANIZATIONS THAT WORK HARD EVERY DAY TO CARRY OUT THEIR MISSION TO IMPROVE THE LIVES OF THOSE WHO LIVE AND WORK IN THE COMMUNITY.Description4Txt
Expenses4$4,149,054Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$40,880,951AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$708,161AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$41,589,112TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$41,589,112AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$623,837CashDeemedCharitableAmt
Net Vl Noncharitable Assets$40,965,275NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,048,264MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$9,481,282ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$9,481,282QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2000-03-17PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$1,875,738CurrentYearAmt
Year1$482,351Year1Amt
Year2$147,154Year2Amt
Year3$400,979Year3Amt
Total$2,906,222TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$1,594,377CurrentYearAmt
Year1$409,998Year1Amt
Year2$125,081Year2Amt
Year3$340,832Year3Amt
Total$2,470,289TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$9,481,282CurrentYearAmt
Year1$7,231,749Year1Amt
Year2$6,444,700Year2Amt
Year3$6,878,406Year3Amt
Total$30,036,137TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

FieldValueIRS element (for citing)
Current Year$7,764,672CurrentYearAmt
Year1$5,757,659Year1Amt
Year2$4,846,286Year2Amt
Year3$4,824,545Year3Amt
Total$23,193,162TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$1,716,610CurrentYearAmt
Year1$1,474,090Year1Amt
Year2$1,598,414Year2Amt
Year3$2,053,861Year3Amt
Total$6,842,975TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$1,365,509CurrentYearAmt
Year1$1,356,741Year1Amt
Year2$1,397,421Year2Amt
Year3$1,458,325Year3Amt
Total$5,577,996TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Total$0TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerPAUL B KAZARIANContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$318,800ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$251,718ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,764,672ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,211,183ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$9,546,373ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,546,373TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (9 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
OFFICE FURNITURE2017-07-01$191,129$105,121ADS10.000000000000$19,113$0$19,113
AV EQUIPMENT2017-08-16$19,505$19,505ADS5.000000000000$0$0$0
LANDSCAPING2018-10-15$20,690NC15.000000000000$0$0$0
FURNITURE2017-12-07$4,928$2,218ADS10.000000000000$493$0$493
OFFICE BUILDING2017-06-08$6,266,002NC40.000000000000$0$0$0
LAND2017-06-08$7,704,114L$0$0$0
FURNITURE2017-06-08$282,547NC10.000000000000$0$0$0
LANDSCAPING2019-11-30$20,322NC15.000000000000$0$0$0
FURNITURE2019-02-13$5,358NC10.000000000000$0$0$0

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationTHE CHARLES & AGNES KAZARIAN FOUNDATION IS NOT REQUIRED TO FILE FORM 990-PF WITH THE DELAWARE ATTORNEY GENERAL SINCE THE FOUNDATION HAS NO ACTIVITIES CONDUCTED IN THE STATE OF DELAWARE.ExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockUBS AGStockNm
EOY Book Value$345,838EOYBookValueAmt
EOYFMV$423,750EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$35,973,082USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$36,401,322USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$0StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$0StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
GROUP A - SOVEREIGN BONDSAT COST$1,166,434$1,212,433
GROUP B - SOVEREIGN BONDSAT COST$2,902,780$3,022,114

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (9 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
OFFICE FURNITURE$191,129$124,234$66,895
AV EQUIPMENT$19,505$19,505$0
LANDSCAPING$20,690$0$20,690
FURNITURE$4,928$2,711$2,217
OFFICE BUILDING$6,266,002$0$6,266,002
LAND$7,704,114$0$7,704,114
FURNITURE$282,547$0$282,547
LANDSCAPING$20,322$0$20,322
FURNITURE$5,358$0$5,358

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (9 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ECONOMIC INTEREST IN PROFIT PARTICIPATION$21,000,000$21,000,000$21,000,000
PROGRAM RELATED INVESTMENT - A$41,700,000$41,700,000$41,700,000
PROGRAM RELATED INVESTMENT - B$1,729,217$1,774,753$1,774,753
PROGRAM RELATED INVESTMENT - C$1,000,000$0$0
PROGRAM RELATED INVESTMENT - D$3,149,098$4,149,054$4,149,054
PROGRAM RELATED INVESTMENT - E$86,002$86,002$86,002
PROGRAM RELATED INVESTMENT - F$1,138$1,138$1,138
PROGRAM RELATED INVESTMENT - G$2,100,000$3,316,760$3,506,030
PROGRAM RELATED INVESTMENT - H$2,400,000$2,400,000$2,528,841

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK & INVESTMENT FEES$21,919$21,919$0$0
DIRECT PROGRAM EXPENSE$254,131$0$0$254,131
INSURANCE$1,555$155$0$1,400
OFFICE EXPENSE$22,502$22,502$0$0
FILING FEES$13,327$3,198$0$10,129
PRI$9,140,567$0$0$9,140,567
TELEPHONE$834$83$0$751

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR PRIS REPAIDDesc
Revenue And Expenses Per Books$7,764,672RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNET EXPENDITURE FOR PROGRAM RELATED INVESTMENT - CURRENT YEARDesc
Amt$1,375,896Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPAYROLL TAXESCategoryTxt
Amt$4,050Amt
Net Investment Income$405NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,645DisbursementsCharitablePrpsAmt

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