Vahagn Setian Charitable Foundation

Nonprofit profile at a glance

EIN
208057062
IRS 990-EZ coverage
2014–2023
Forms available
Form 990-EZ 2023, Form 990-N 2013
Location
Beverly Hills, CA, USA
Phone
3109935424
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$27,175
Expenses
$28,614
Assets
$36,363

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KAREN SETIAN (CEO)

People named in this filing

  • KAREN SETIAN (CEO)
  • INADIA NALBANDIAN (Director)
  • MICHAEL KANTOR (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote health and safe decision making, music and music education for children and young adults, including grants, scholarships, financial, administrative, logistical, and organizational support to students, teachers, musicians, schools, concert programs and other persons, organizations and programs related to health, safety and music or music education, and to carry on other charitable and educational activities associated with this goal as allowed by law.

What it reported doing in 2023

Scholarships- for students who demonstrated notable humanitarian efforts and qualities as assessed by beverly hills high school teachers who also recommended most worthy students for scholarships.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 100
  • Sustainability: 34
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 21.9%; rating input score 22
  • Program expense ratio: 20.8%; rating input score 21

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5.3%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 1.27; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.2%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -12.5% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -4.7% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 21.9% of revenue deployed · 20.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $6K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2014 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 22/100.
  • High — Financial Efficiency: Program expense ratio scored 21/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.