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MISSION

The organization was formed to assist with educational support for K through 12

 FORM 1023-EZ for HOVSEP FOUNDATION

DEMOGRAPHIC

ADDRESS
855 RAHWAY AVE
07083
COUNTY
union county, NJ
IN CARE OF NAME
ERROL KARAKASH

ORGANIZATIONAL OVERVIEW & RANKINGS

HOVSEP FOUNDATION is a based in UNION, NJ, focused on Educational Institutions and Related Activities causes , specifically Elementary, Secondary Education, K - 12. Established in September 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $1,099,480.00, this ranks 204,915 among 2,656,690 nonprofits nationally (Top 8%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 5,392 out of 72,131 organizations in NJ (Top 8%).

In union county, NJ, the organization ranks 286 out of 4,232 nonprofits by assets (Top 7%), while locally in union, it stands at 19 among 405 organizations (Top 4%).

The organization reported no revenue in the most recent filing period, placing it at 1,919,799 nationally and 63,973 in NJ.

Within its specific NTEE classification (B20 - B: Educational Institutions and Related Activities), which includes 6,864 similar organizations, HOVSEP FOUNDATION ranks 1,157 in assets (Top 17%) and 6,856 in revenue (Top 100%).

The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B20 : Elementary, Secondary Education, K - 12
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$7,667.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
09/2020
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,099,480.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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