Armenian Cultural Association Of America Inc
- Assets
- $6.9m
- Revenue
- $966.0k
- Investments
- $175.0k
- Employees
- 2
- Location
- Watertown, MA
- Founding
- 07/1975
- Data as of
- 12/2021
- EIN
- 04-2552239
Organization Overview
Armenian Cultural Association Of America Inc is located in Watertown, MA. The organization was established in 1975. 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 12/2021, Armenian Cultural Association Of America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Cultural Association Of America 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 12/2021, Armenian Cultural Association Of America Inc generated $966.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $897.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND PROMOTION OF ARMENIAN HERITAGE THROUGH EDUCATION, CULTURAL AND SOCIAL PROGRAMS. PUBLISH WEEKLY ARMENIAN NEWSPAPERS IN THE USA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ACTIVITIES TO PROMOTE SOCIAL AND CULTURAL SERVICE TO PEOPLE OF ARMENIAN ORIGIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valot Atakhanian Director | OfficerTrustee | 2 | $0 |
Ani Tchaghlasian Vice President | OfficerTrustee | 2 | $0 |
George Aghjayan President | OfficerTrustee | 2 | $0 |
Steve Mesrobian Treasurer | OfficerTrustee | 1 | $0 |
Khajag Mgrdichian Clerk | Trustee | 1 | $0 |
Sebouh Hatsakordzian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $542,130 |
| Total Program Service Revenue | $70,530 |
| Investment income | $246,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $88,800 |
| Net Gain/Loss on Asset Sales | $17,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $431,152 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,174 |
| Office expenses | $86,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,154 |
| Travel | $18,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $478 |
| Total functional expenses | $897,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,225 |
| Savings and temporary cash investments | $138,145 |
| Pledges and grants receivable | $50,472 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $128,047 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,000 |
| Net Land, buildings, and equipment | $159,684 |
| Investments—publicly traded securities | $5,925,905 |
| Investments—other securities | $175,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,900,478 |
| Accounts payable and accrued expenses | $95,644 |
| 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 | $55,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,644 |
| Net assets without donor restrictions | $2,917,096 |
| Net assets with donor restrictions | $3,832,738 |
| 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 | $6,900,478 |
Grants Awarded
Over the last fiscal year, Armenian Cultural Association Of America Inc has awarded $447,547 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Watertown, MA PURPOSE: PROGRAM SUPPORT | $125,000 |
ARF EASTERN USA PURPOSE: IN KIND RENT, SHARED EMPLOYEE, PROGRAM SUPPORT | $122,767 |
ARTSAKH FUND PURPOSE: PROGRAM SUPPORT | $87,000 |
Watertown, MA PURPOSE: PROGRAM SUPPORT | $50,000 |
ARF EASTERN USA PURPOSE: IN KIND RENT | $36,780 |
Watertown, MA PURPOSE: PROGRAM SUPPORT | $13,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Armenian Cultural Association Of America Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Charles Mosesian Charitable Foundation Weston, MA PURPOSE: PROGRAM SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $5,373,405 |
| Ending Balance | $5,373,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
The American Ireland Fund Boston, MA | $28,715,910 | $22,675,949 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |
Circle Lodge-Camp Kinder Ring Of The Workmens Circle Incorporated Hopewell Junction, NY | $6,012,413 | $4,542,835 |