Armenian Cultural Association Hamazkayin Inc
- Assets
- $486.3k
- Revenue
- $176.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 02/1972
- Data as of
- 12/2021
- EIN
- 23-7159614
Organization Overview
Armenian Cultural Association Hamazkayin Inc is located in Glendale, CA. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Cultural Association Hamazkayin 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 Hamazkayin Inc generated $176.6k 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 (11.4%) each year. All expenses for the organization totaled $79.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.6%) 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
THE ORGANIZATION PROVIDES THE PUBLIC WITH ARMENIAN CULTURAL DANCES, CONCERTS, AND OTHER MUSICAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES THE PUBLIC WITH ARMENIAN CULTURAL DANCES, CONCERTS, AND OTHER MUSICAL EVENTS.
THE ORGANIZATION PROVIDES THE PUBLIC WITH ARMENIAN CULTURE & HERITAGE THROUGH CULTURAL FESTIVALS, YOUTH ACTIVITIES, ART SHOWS, LECTURES, AND ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seta Krikorian Secretary | OfficerTrustee | 5 | $0 |
Vic Harboyan Treasurer | OfficerTrustee | 5 | $0 |
Knar Kortoshian President | OfficerTrustee | 5 | $0 |
Shoushig Aslanian Director | Trustee | 5 | $0 |
Purag Moumdjian Director | Trustee | 5 | $0 |
Maral Touloumian Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,770 |
| Total Program Service Revenue | $300 |
| Investment income | $170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,160 |
| 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 | $89 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,263 |
| Advertising and promotion | $975 |
| Office expenses | $10,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,970 |
| 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 | $621 |
| Insurance | $2,909 |
| All other expenses | $1,105 |
| Total functional expenses | $79,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,301 |
| Savings and temporary cash investments | $141,676 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $486,283 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $486,283 |
| Total liabilities and net assets/fund balances | $486,283 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Armenian Cultural Association Hamazkayin Inc has recieved totaling $20,025.
| Awarding Organization | Amount |
|---|---|
Khachaturian Foundation San Francisco, CA PURPOSE: GENERAL PURPOSE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Destination Crenshaw Los Angeles, CA | $35,511,106 | $11,299,025 |
The Epoch Times Media Group Los Angeles El Monte, CA | $739,683 | $7,015,472 |
Priddy Family Foundation Las Vegas, NV | $28,899,625 | $10,430,994 |
Kanu O Ka Aina Learning Ohana Kamuela, HI | $16,258,612 | $5,026,413 |
Napa Valley Festival Association Walnut Creek, CA | $13,659,159 | $11,728,133 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Puente De La Costa Sur Pescadero, CA | $6,663,176 | $5,921,974 |
San Francisco Japanese School San Francisco, CA | $7,835,658 | $4,070,640 |
Native Arts And Cultures Foundation Inc Portland, OR | $23,796,396 | $14,906,833 |
Japanese American Cultural And Community Center Los Angeles, CA | $13,866,059 | $4,524,826 |
Silicon Andhra Milpitas, CA | $6,902,831 | $4,723,243 |
Little Italy Association Of San Diego San Diego, CA | $1,240,601 | $3,253,229 |