Armenian Students Association
- Assets
- $2.5m
- Revenue
- $357.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Warwick, RI
- Founding
- 07/1952
- Data as of
- 04/2022
- EIN
- 22-6054952
Organization Overview
Armenian Students Association is located in Warwick, RI. The organization was established in 1952. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Armenian Students Association 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 04/2022, Armenian Students Association generated $357.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $205.3k during the year ending 04/2022. 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
TO PROVIDE EDUCATIONAL SCHOLARSHIPS/GRANTS TO ELIGIBLE STUDENTS MEETING THE CRITERIA OF THE ASSOCIATION'S BY-LAWS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SCHOLARSHIPS/GRANTS TO ELIGIBLE STUDENTS MEETING THE CRITERIA OF THE ASSOCIATION'S BY-LAWS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Assadourian President | OfficerTrustee | 2 | $0 |
Manoog Kaprielian Vice President | OfficerTrustee | 2 | $0 |
Jeffrey Boghossian Secretary | OfficerTrustee | 2 | $0 |
Robert M Avakian Vice President | OfficerTrustee | 2 | $0 |
Gregory Arzoomanian Treasurer | OfficerTrustee | 2 | $0 |
Alice Movsesian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,830 |
| Total Program Service Revenue | $0 |
| Investment income | $135,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,817 |
| Net Income from Fundraising Events | $5,408 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $154,300 |
| 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 | $13,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $288 |
| Office expenses | $2,977 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,730 |
| 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 | $1,737 |
| All other expenses | $0 |
| Total functional expenses | $205,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,522 |
| Savings and temporary cash investments | $18,247 |
| 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 | $2,394 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,398,522 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,458,685 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | -$161,595 |
| Net assets with donor restrictions | $2,620,280 |
| 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 | $2,458,685 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Armenian Students Association has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Satenik & Odom Ourian Educational Foundation New York, NY PURPOSE: RELIGIOUS | $250 |
Endowment Analysis
| Beg. Balance | $2,508,196 |
| Earnings | $363,499 |
| Net Contributions | $88,194 |
| Ending Balance | $2,959,889 |
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