Nonprofit · EIN 85-4149364
AVEDISIAN 575 FOUNDATION INC
Tax-exempt · WELLESLEY, MA 02481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,114,173 | $6,629,210 | $6,484,963 | $6,534,124 | $0 | $6,534,124 |
| December 31, 2023 | 990 | $331,200 | $1,207,510 | -$876,310 | $32,171 | $5,000 | $27,171 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,048,866
- Program service revenue
- $0
- Investment income
- $65,307
- Net gain from sales of assets
- $14,141
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,478,665
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $62,970
- Accounting fees
- $5,000
- Program services (functional)
- $6,478,665
- Management and general (functional)
- $150,545
Balance sheet and other
- Total assets, start of year
- $32,171
- Total assets, end of year
- $6,534,124
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,534,124
- Net assets without donor restrictions
- $6,534,124
- Gross receipts
- $18,302,888
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2020
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA AVEDISIAN | PRESIDENT/TREASURER Trustee or director, Officer | 2 | $0 |
| ZVART ONANIAN | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE ONANIAN | CLERK/DIRECTOR Trustee or director | 1 | $0 |
| CRAIG AVEDISIAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN JERIAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA AVEDISIAN | PRESIDENT/TREASURER Trustee or director, Officer | 2 | $0 |
| ZVART ONANIAN | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE ONANIAN | CLERK/DIRECTOR Trustee or director | 1 | $0 |
| CRAIG AVEDISIAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN JERIAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- KELLY MURSTEIN LAW 20 WALNUT ST, WELLESLEY, MA 02481-0000
- In care of
- % SONYA NERSESSIAN ESQ
- Principal officer (990 for 2024)
- PAMELA AVEDISIAN, 20 WALNUT STREET 101, WELLESLEY, MA 02481
- Signed the 990
- PAMELA AVEDISIAN, PRESIDENT
- Phone
- (781) 899-7866
- Return prepared by
- MILLER WACHMAN LLP
Mission
THE ENTITY SUPPORTS EDUCATIONAL AND RELIGIOUS PROGRAMS AT RECOGNIZED SECTION 501(C)(3) EXEMPT ENTITIES.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4149364
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $6,534,124
- Income (IRS master file)
- $18,302,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,114,173 | $6,629,210 | $6,534,124 | XML |
| 990 | December 2023 | $331,200 | $1,207,510 | $32,171 | XML |
| 990 | December 2022 | $6,211 | $76,450 | $766,447 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-4149364).
Questions about AVEDISIAN 575 FOUNDATION INC
- What is the EIN of AVEDISIAN 575 FOUNDATION INC?
- The employer identification number (EIN) of AVEDISIAN 575 FOUNDATION INC is 85-4149364.
- Is AVEDISIAN 575 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to AVEDISIAN 575 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does AVEDISIAN 575 FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of AVEDISIAN 575 FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AVEDISIAN 575 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AVEDISIAN 575 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names PAMELA AVEDISIAN.
- Who are the officers and directors of AVEDISIAN 575 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does AVEDISIAN 575 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,114,173, expenses of $6,629,210 and total assets of $6,534,124 at year end.
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