The Armenian Center Inc
- Assets
- $934.5k
- Revenue
- $47.8k
- Investments
- $857.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1986
- Data as of
- 06/2023
- EIN
- 11-2775942
Organization Overview
The Armenian Center Inc is located in New York, NY. The organization was established in 1986. 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 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 06/2023, Armenian Center Inc generated $47.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $45.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Momjian Chair | 3 | $0 | |
Nicole E Vartanian Vice Chair | 3 | $0 | |
Robert V Kinoian Treasurer | 3 | $0 | |
Karen B Richardson Director | 3 | $0 | |
Raffi Khatchadourian Director | 3 | $0 | |
Peter Balakian Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56 |
| Capital Gain Net Income | $56 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,280 |
| Printing and publications | $0 |
| Other expenses | $40,113 |
| Total operating and administrative expenses | $45,393 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $45,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,800 |
| Savings and temporary cash investments | -$8,503 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $934,472 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Armenian Center Inc has awarded $75,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ASSOCIATION FOR ARMENIAN STUDIES PURPOSE: GRANT AGREEMENT | $75,000 |
HEYMAN CENTER FOR THE HUMANITIES PURPOSE: RESEARCH GRANT | $500 |