Project Save Armenian Photograph Archives Inc
- Assets
- $155.8k
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Watertown, MA
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 22-2661086
Organization Overview
Project Save Armenian Photograph Archives Inc is located in Watertown, MA. The organization was established in 1986. According to its NTEE Classification (A53) the organization is classified as: Folk Arts Museums<i>(Draft Code - not for internal IRS use)</i>, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Project Save Armenian Photograph Archives Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Save Armenian Photograph Archives 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, Project Save Armenian Photograph Archives Inc generated $250.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $206.5k during the year ending 12/2021. 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
ARMENIAN PHOTOGRAPHY ARCHIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTING, PRESERVING, DOCUMENTING AND DISSEMINATING A PHOTOGRAPHIC ARCHIVE OF THE ARMENIAN PEOPLE AND ARMENIAN HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Thomasian Pres. Treasurer & Clerk | OfficerTrustee | 35 | $39,000 |
Nubar Alexanian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,081 |
| Total Program Service Revenue | $798 |
| Investment income | $203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $918 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,000 |
| 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. | $39,000 |
| Compensation of current officers, directors, key employees. | $12,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,200 |
| Payroll taxes | $11,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $594 |
| Advertising and promotion | $0 |
| Office expenses | $944 |
| Information technology | $739 |
| Royalties | $0 |
| Occupancy | $12,650 |
| Travel | $1 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,586 |
| Insurance | $1,692 |
| All other expenses | $7,528 |
| Total functional expenses | $206,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,145 |
| Savings and temporary cash investments | $38,434 |
| 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 | $3,425 |
| Net Land, buildings, and equipment | $5,864 |
| Investments—publicly traded securities | $9,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,822 |
| Accounts payable and accrued expenses | $2,160 |
| 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 | $2,160 |
| Net assets without donor restrictions | $151,718 |
| Net assets with donor restrictions | $1,944 |
| 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 | $155,822 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Save Armenian Photograph Archives Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Charles Mosesian Charitable Foundation Weston, MA PURPOSE: PROGRAM SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,944 |
| Ending Balance | $1,944 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
New York Public Radio New York, NY | $128,472,893 | $81,924,982 |
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
National September 11 Memorial And Museum At The World Trade Center New York, NY | $601,946,963 | $89,488,435 |
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Boston Symphony Orchestra Inc Boston, MA | $745,262,219 | $89,872,398 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Museum Of Science Boston, MA | $308,551,835 | $49,955,104 |
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |