Huys Foundation

Nonprofit profile at a glance

EIN
473203093
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
West Hollywood, CA, USA
Phone
8186375000
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$41,771
Expenses
$55,417
Assets
$29,168
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • STEPAN KHZRTIAN (PRESIDENT)

People named in this filing

  • ANAHIT SARGSYAN (DIRECTOR)
  • ANNA SRAPIONYAN (DIRECTOR)
  • GRISHA KHACHATRYAN (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Supporting students through scholarships in obtaining an excellent education at a globally-ranked top degree program, with an academic and professional commitment to addressing an immediate need, skills shortage, or target area for armenia, for the armenian nation, or for humanity.

What it reported doing in 2024

For the 2023-2024 academic year, 10 scholars received a huys scholarship. They are studying at globally leading academic programs in fields spanning stem and humanities, including data science, public health, design studies, mechanical engineering, social justice, political science and public administration, learning design, and religion. Their commitment to solving some of the toughest problems faced by armenia, the armenian nation, and humanity is encapsulated in their commitmentletters which are available online on our website.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.5%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -32.7%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 57% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -34.1% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -42.3% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $54K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 17/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.