Tekeyan Cultural Association Inc

Organization Overview

Tekeyan Cultural Association Inc is located in Watertown, MA. The organization was established in 1970. 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, Tekeyan Cultural Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tekeyan Cultural Association 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, Tekeyan Cultural Association Inc generated $1.9m 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 (19.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT SCHOOLS, PUBLICATIONS, CULTURAL GROUPS AND YOUTH GROUPS FOR ARMENIANS IN THE UNITED STATES AND ABROAD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NEWSPAPER AND OTHER PUBLICATIONS


CULTURAL EVENTS


MISCELLANEOUS OTHER INCOME RELATED TO THE ASSOCIATION'S EXEMPT FUNCTION


GRANTS TO RELIGIOUS ORGANIZATIONS, TO OTHER ARMENIAN NONPROFIT ORGANIZATIONS, GRANTS FOR HUMANITARIAN RELIEF, AND GRANTS TO OTHER MISCELLANEOUS CHARITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Hagop Vartivarian
Secretary
$65,000
Edmond Azadian
President
$0
Vatche Semerdjian
Assistant Secretary
$0
Maro Bedrosian
Treasurer
$0
Kevork Marachelian
Assistant Treasurer
$0
Dr Arshavir Gundjian
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$4,135
Fundraising events$0
Related organizations$0
Government grants $76,394
All other contributions, gifts, grants, and similar amounts not included above$274,803
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$355,332
Total Program Service Revenue$114,066
Investment income $358,125
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $60,692
Net Gain/Loss on Asset Sales $1,033,542
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,921,757

Grants Awarded

Over the last fiscal year, Tekeyan Cultural Association Inc has awarded $206,915 in support to 2 organizations.

Grant RecipientAmount

BAIKAR - ARMENIAN MIRROR SPECTATOR

Org PageRecipient Profile

Watertown, MA

PURPOSE: SUPPORT PUBLICATION OF ARMENIAN MIRROR-SPECTATOR NEWSPAPER

$206,915
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Tekeyan Cultural Association Inc has recieved totaling $38,100.

Awarding OrganizationAmount
Hovsep Foundation

Union, NJ

PURPOSE: SOCIAL SERVICE

$15,100
Hovsep Foundation

Union, NJ

PURPOSE: SOCIAL SERVICE

$15,000
$5,000
Parsekian Foundation Inc

South Boston, MA

PURPOSE: GENERAL OPERATIONS

$1,000
John Mirak Foundation

Arlington, MA

PURPOSE: GENERAL PURPOSE

$1,000
Vartkess And Rita Balian Family Foundation Inc

Arlington, VA

PURPOSE: SUPPORT FOR SEC.501(C)(3) ORGANIZATION

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,264,337
Earnings$517,416
Grants$144,866
Ending Balance$2,636,887

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