Armenian Media Network
- Assets
- $266.7k
- Revenue
- $859.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Los Angeles, CA
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-1615548
Organization Overview
Armenian Media Network is located in Los Angeles, CA. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Armenian Media Network employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Media Network 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 Media Network generated $859.0k 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 (6.0%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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 PURPOSE OF THIS ORGANIZATION IS TO PROMOTE ARMENIAN CULTURE IN GENERAL - ITS CHRISTIAN FAITH, ARTS, LITERATURE, LANGUAGE, DOGMA, AND MUSIC, BY DISTRIBUTING BROCHURES, PUBLISHING A NEWSPAPER ON A DAILY BASIS AND TV BROADCASTING TO ALL ARMENIANS IN THE DIASPORA. REPORTING CHANGES, DEVELOPMENTS, MORAL ISSUES, ACCOMPLISHMENTS, AND REINFORCEMENT OF THE FAITH AND CULTURE OF THE ARMENIAN PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASBAREZ NEWSPAPER - PROVIDE NEWSPAPER AND MEDIA COVERAGE OF THE ARMENIAN CULTURE, ACCOMPLISHMENTS, ISSUES, RELIGIOUS MATTERS, MORAL ISSUES, AND POSITIVE CHANGES.
HORIZON TV - PROMOTE THE ARMENIAN CULTURE AND ITS CHRISTIAN FAITH BY ENCOURAGING CULTURAL DEVELOPMENT, UNDERSTANDING, AND KNOWLEDGE THROUGH BROADCASTS, TELEVISION, AND OTHER MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avedik Izmirlian President | Officer | 4 | $0 |
Krikor Topalian Secretary | Officer | 4 | $0 |
Arto Keuleyan Treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,436 |
| Total Program Service Revenue | $673,554 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $380,000 |
| 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 | $220,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,467 |
| Fees for services: Accounting | $5,673 |
| 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 | $21,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,144 |
| Insurance | $4,008 |
| All other expenses | $83,243 |
| Total functional expenses | $1,100,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,463 |
| 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 | $1,255 |
| Net Land, buildings, and equipment | $350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,936 |
| Other assets | $2,000 |
| Total assets | $266,710 |
| 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 | $501,435 |
| Total liabilities | $501,435 |
| Net assets without donor restrictions | -$234,725 |
| 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 | $266,710 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Armenian Media Network has recieved totaling $71,802.
| Awarding Organization | Amount |
|---|---|
Acf Western Usa Inc Glendale, CA PURPOSE: GENERAL SUPPORT | $23,900 |
Acf Western Usa Inc Glendale, CA PURPOSE: GENERAL SUPPORT | $23,900 |
Acf Western Usa Inc Glendale, CA PURPOSE: GENERAL SUPPORT | $23,900 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Summit Public Schools Washington Redwood City, CA | $14,247,719 | $16,987,121 |
All For Health Health For All Inc Glendale, CA | $29,884,317 | $23,523,677 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Oxford Preparatory Academy Aliso Viejo, CA | $8,703,539 | $15,190,265 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |