Armenian Heritage Tribute And Genocide Memorial Foundation Inc
- Assets
- $3.9m
- Revenue
- $214.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, MA
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-1914324
Organization Overview
Armenian Heritage Tribute And Genocide Memorial Foundation Inc, operating under the name Armenian Heritage Foundation, is located in Watertown, MA. The organization was established in 2005. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Heritage Foundation 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 Heritage Foundation generated $214.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $153.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) 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
DEVELOPMENT, CONSTRUCTION AND MAINTENANCE OF THE ARMENIAN HERITAGE GENOCIDE MEMORIAL PARK ON THE ROSE KENNEDY GREENWAY IN BOSTON, MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES ARE FOR THE ONGOING MAINTENANCE OF THE MEMORIAL PARK ON THE GREENWAY IN BOSTON, MA. THE PARK OFFERS HOPE AND REFUGE FOR IMMIGRANTS LOOKING TO BEGIN NEW LIVES.
MISCELLANEOUS PROGRAMS
DONATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Hoosian Secretary | OfficerTrustee | 1 | $0 |
James Kalustian President | OfficerTrustee | 1 | $0 |
Karen Dederyan Treasurer | OfficerTrustee | 1 | $0 |
Walter Nahabedian Director/vice Pres. | OfficerTrustee | 1 | $0 |
Bruce Bagdasarian Vice President/director | OfficerTrustee | 1 | $0 |
Houry Boyamian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,605 |
| Total Program Service Revenue | $0 |
| Investment income | $85,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,032 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $11,383 |
| All other expenses | $12,106 |
| Total functional expenses | $153,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,083 |
| Savings and temporary cash investments | $20,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,739 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,742,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,132 |
| Total assets | $3,853,004 |
| Accounts payable and accrued expenses | $2,853 |
| 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 | $2,853 |
| Net assets without donor restrictions | $2,391,381 |
| Net assets with donor restrictions | $1,458,770 |
| 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 | $3,853,004 |
Grants Awarded
Over the last fiscal year, Armenian Heritage Tribute And Genocide Memorial Foundation Inc has awarded $25,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: SUPPORT OPERATIONS | $5,000 |
Boston, MA PURPOSE: SUPPORT OPERATIONS | $5,000 |
Boston, MA PURPOSE: SUPPORT OPERATIONS | $5,000 |
Boston, MA PURPOSE: SUPPORT OPERATIONS | $5,000 |
REFUGEPOINT PURPOSE: SUPPORT OPERATIONS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Armenian Heritage Tribute And Genocide Memorial Foundation Inc has recieved totaling $82,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $33,550 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $33,550 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $7,500 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $7,500 |
Endowment Analysis
| Beg. Balance | $3,513,953 |
| Earnings | $362,132 |
| Admin Expense | $25,032 |
| Other Expense | $81,870 |
| Ending Balance | $3,769,183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National September 11 Memorial And Museum At The World Trade Center New York, NY | $601,946,963 | $89,488,435 |
Oliver Hazard Perry Rhode Island Inc Newport, RI | $7,309,147 | $778,183 |
Scoa Inc Southampton, NY | $1,446,191 | $1,687,699 |
Boilermaker Road Race Inc Utica, NY | $3,269,163 | $333,916 |
Greater Hartford Festival Of Jazz Hartford, CT | $9,562 | $523,528 |
Festivals In Meriden Meriden, CT | $62,425 | $440,338 |
Ground Zero 360 Inc New York, NY | $949,074 | $512,424 |
Lynx Educational Foundation Newmarket, NH | $220,437 | $608,723 |
Boston 4 Celebrations Foundation Inc Boston, MA | $3,479,513 | $3,413,713 |
Gloversville Theatre Corporation Gloversville, NY | $516,659 | $395,424 |
Armenian Heritage Tribute And Genocide Memorial Foundation Inc Watertown, MA | $3,853,004 | $214,487 |
St Patricks Day Foundation Nyc Larchmont, NY | $536,214 | $16,403 |