National Association For Armenian Studies And Research Inc is located in Belmont, MA. The organization was established in 1957. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, National Association For Armenian Studies And Research Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association For Armenian Studies And Research Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, National Association For Armenian Studies And Research Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $873.4k during the year ending 12/2022. While expenses have increased by 11.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GENERAL PURPOSES OF THE ASSOCIATION ARE: (1) TO FOSTER AND PROMOTE ARMENIAN STUDIES THROUGH SCHOLARSHIP, RESEARCH, AND PUBLICATION; (2) TO WORK FOR THE ESTABLISHMENT OF ENDOWED PROFESSORSHIPS, FELLOWSHIPS, SCHOLARSHIPS, DEPARTMENTS, AND COURSES OF INSTRUCTION IN ARMENIAN STUDIES AT COLLEGES, UNIVERSITIES, AND OTHER INSTITUTIONS OF HIGHER LEARNING; (3) TO SOLICIT AND ADMINISTER FUNDS AND TO COOPERATE WITH UNIVERSITIES, FOUNDATIONS, AND SIMILAR ORGANIZATIONS FOR THE ADVANCEMENT OF ARMENIAN STUDIES AND RESEARCH; AND (4) TO SPONSOR AND PROMOTE EDUCATIONAL, CULTURAL, AND OTHER ACTIVITIES AND PROJECTS FOR THE REALIZATION OF THE PURPOSES AND OBJECTIVES OF THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1955, NAASR HAS BUILT AN EXTENSIVE LIBRARY AND MAINTAINS ONE OF THE TOP RARE BOOK ARMENIAN LIBRARIES OPEN TO THE PUBLIC, WITH OVER 30,000 BOOKS AND HOLDINGS DATING TO THE 1600S, AND PERIODICALS DATING TO THE 1800S. MATERIALS IN THE COLLECTION ARE PRIMARILY WRITTEN IN ARMENIAN AND ENGLISH, BUT IMPORTANT PUBLICATIONS IN TURKISH, FARSI, RUSSIAN, FRENCH, GERMAN, ARABIC, AND OTHER LANGUAGES ARE ALSO REPRESENTED. THROUGH THE YEARS, NUMEROUS SIGNIFICANT AND VALUABLE COLLECTIONS HAVE BEEN DONATED TO NAASR INCLUDING SPECIAL COLLECTIONS-PERSONAL ARCHIVES AND PAPERS FROM OVER 25 PROMINENT SCHOLARS, GENOCIDE SURVIVORS, RELIGIOUS FIGURES, AND EARLY IMMIGRANTS TO THE U.S.NAASR'S MARDIGIAN LIBRARY IS USED PRIMARILY BY SCHOLARS AND INDEPENDENT RESEARCHERS (WHETHER IN PERSON OR REMOTELY REQUESTING SCANNED MATERIALS OR REFERENCES), UNIVERSITY STUDENTS, HIGH SCHOOL STUDENTS, AND THE GENERAL PUBLIC. THE ENTIRE LIBRARY'S COLLECTIONS ARE AVAILABLE FREE OF CHARGE FOR RESEARCH AND REFERENCE PURPOSES, OR SIMPLY FOR BROWSING, AND RECEIVES ON AVERAGE 100-150 REQUESTS/VISITS PER YEAR. SINCE THE LIBRARY CATALOG IS FULLY ACCESSIBLE ONLINE, REQUESTS COME FROM AROUND THE WORLD.NAASR OFFERS OVER 50 EDUCATIONAL PROGRAMS EACH YEAR AND CO-SPONSORS PROGRAMS, LECTURES AND CONFERENCES WITH OTHER ACADEMIC AND CULTURAL ORGANIZATIONS AT VENUES THROUGHOUT THE COUNTRY, WHICH ARE ALSO BROADCAST AND ARCHIVED ONLINE WORLDWIDE THROUGH ITS YOUTUBE CHANNEL ARMENIAN STUDIES. NAASR SUPPORTS SCHOLARS WORLDWIDE THROUGH RESEARCH AND ASSISTANCE. IN 2022, 30 GRANTS WERE APPROVED FOR SUPPORT BY NAASR AND THE KNIGHTS OF VARTAN FUND FOR ARMENIAN STUDIES. THE GRANT RECIPIENTS WERE MOSTLY INTERNATIONAL GRADUATE STUDENTS CARRYING OUT WORK FOR THE COMPLETION OF THEIR DOCTORAL DISSERTATIONS. THE GRANT RECIPIENTS WERE FROM THE US, ARMENIA, THE UK, FRANCE, GERMANY, POLAND, AND AUSTRALIA. NAASR RUNS A BOOKSTORE, WHICH IS THE LARGEST ENGLISH-LANGUAGE BOOKSTORE ON ARMENIAN TOPICS, AVAILABLE ONLINE AND ONSITE, WITH OVER 2,000 TITLES.NAASR'S MEMBERS INCLUDE SCHOLARS, STUDENTS, RESEARCHERS, AND MEMBERS OF THE GENERAL PUBLIC. NAASR COLLABORATES WITH A MYRIAD OF NON-PROFIT ORGANIZATIONS AND UNIVERSITIES THROUGHOUT THE WORLD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Judith Saryan Chairperson | OfficerTrustee | 8 | $0 |
Roxanne Etmekjian First Vice Chairperson | OfficerTrustee | 8 | $0 |
Mark Momjian Second Vice Chairperson | OfficerTrustee | 8 | $0 |
Arlene Saryan Alexander Secretary | OfficerTrustee | 8 | $0 |
Bruce W Roat Treasurer | OfficerTrustee | 8 | $0 |
Nancy R Kolligian Advisor | OfficerTrustee | 8 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $174,229 |
Fundraising events | $196,532 |
Related organizations | $0 |
Government grants | $118,514 |
All other contributions, gifts, grants, and similar amounts not included above | $701,135 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,410 |
Total Program Service Revenue | $0 |
Investment income | $40,983 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $18,518 |
Net Income from Fundraising Events | -$25,324 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $14,540 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,239,127 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,850 |
Grants and other assistance to domestic individuals. | $68,918 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $92,000 |
Compensation of current officers, directors, key employees. | $43,700 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $277,440 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $31,831 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,871 |
Fees for services: Accounting | $13,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $25,402 |
Fees for services: Other | $9,053 |
Advertising and promotion | $0 |
Office expenses | $25,017 |
Information technology | $17,305 |
Royalties | $0 |
Occupancy | $68,012 |
Travel | $1,675 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,794 |
Interest | $560 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $218,210 |
Insurance | $7,556 |
All other expenses | $4,887 |
Total functional expenses | $873,381 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $211,009 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $118,514 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $112,689 |
Prepaid expenses and deferred charges | $7,000 |
Net Land, buildings, and equipment | $7,223,542 |
Investments—publicly traded securities | $2,461,608 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $587,057 |
Total assets | $10,721,419 |
Accounts payable and accrued expenses | $3,563 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,563 |
Net assets without donor restrictions | $9,573,632 |
Net assets with donor restrictions | $1,144,224 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $10,721,419 |