Armenian Students Association
- Assets
- $2.3m
- Revenue
- $179.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Weston, MA
- Founding
- 07/1952
- Data as of
- 04/2023
- EIN
- 22-6054952
Organization Overview
Armenian Students Association is located in Weston, MA. The organization was established in 1952. 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 04/2023, Armenian Students Association employed 2 individuals. This organization is the central organization for a national or regional group of organizations. Armenian Students Association 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 04/2023, Armenian Students Association generated $179.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $222.0k during the year ending 04/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL SCHOLARSHIPS/GRANTS TO ELIGIBLE STUDENTS MEETING THE CRITERIA OF THE ASSOCIATION'S BY-LAWS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SCHOLARSHIPS/GRANTS TO ELIGIBLE STUDENTS MEETING THE CRITERIA OF THE ASSOCIATION'S BY-LAWS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex L Khalarian Director | Trustee | 1 | $0 |
Alice Movsesian Director | Trustee | 1 | $0 |
Brian Assadourian President | OfficerTrustee | 2 | $0 |
Gregory Arzoomanian Treasurer | OfficerTrustee | 2 | $0 |
Gregory J Vartanian Director | Trustee | 1 | $0 |
Jeffrey Boghossian Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $795 |
| Fundraising events | $500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,052 |
| Total Program Service Revenue | $0 |
| Investment income | $105,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,114 |
| Net Income from Fundraising Events | -$13,095 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $164,500 |
| 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 | $16,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22 |
| Fees for services: Accounting | $20,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $950 |
| Office expenses | $2,390 |
| Information technology | $2,074 |
| Royalties | $0 |
| Occupancy | $10,936 |
| 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 | $0 |
| Insurance | $1,842 |
| All other expenses | $0 |
| Total functional expenses | $221,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,806 |
| Savings and temporary cash investments | $12,821 |
| 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 | $2,121 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,196,415 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,828 |
| Total assets | $2,307,991 |
| Accounts payable and accrued expenses | $5,318 |
| 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 | $13,328 |
| Total liabilities | $18,646 |
| Net assets without donor restrictions | -$205,421 |
| Net assets with donor restrictions | $2,494,766 |
| 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 | $2,307,991 |