Armenian Cultural & Educational Center Inc
- Assets
- $560.3k
- Revenue
- $282.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Watertown, MA
- Founding
- 03/1975
- Data as of
- 12/2021
- EIN
- 23-7435493
Organization Overview
Armenian Cultural & Educational Center 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 & Educational Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Cultural & Educational Center 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 & Educational Center Inc generated $282.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $293.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL & EDUCATIONAL SERVICES
Describe the Organization's Program Activity:
MEETING FACILITIES FOR ARMENIAN GROUPS AND CIVIC AND COMMUNITY ACTIVITIES
ARMENIAN AND ENGLISH LANGUAGE CLASSES, SUNDAY SCHOOL, AND CITIZENSHIP CLASSES
CULTURAL EVENTS SUCH AS LECTURES AND EXHIBITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Bashirians Advisor And Trustee | OfficerTrustee | 2 | $0 |
Vahe Gharaman Secretary & Trustee | OfficerTrustee | 2 | $0 |
Ara Sarkissian Treasurer & Trustee | OfficerTrustee | 2 | $0 |
Stepan Chiloyan President & Trustee | OfficerTrustee | 2 | $0 |
Vatche Seraderian Vice President And Trustee | OfficerTrustee | 2 | $0 |
Ani Zargarian Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,124 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,444 |
| Total Program Service Revenue | $207,231 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,637 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $72,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,140 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,507 |
| 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 | $18,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,917 |
| Insurance | $16,575 |
| All other expenses | $4,287 |
| Total functional expenses | $293,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,845 |
| Savings and temporary cash investments | $450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,239 |
| 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 | $2,289 |
| Net Land, buildings, and equipment | $462,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,325 |
| Accounts payable and accrued expenses | $33,129 |
| 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 | $666,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $699,414 |
| Net assets without donor restrictions | -$139,089 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $560,325 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Armenian Cultural & Educational Center Inc has recieved totaling $1,250.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,250 |
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 |