Creative Armenia

Organization Overview

Creative Armenia is located in Los Angeles, CA. The organization was established in 2016. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Armenia 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, Creative Armenia generated $720.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $694.0k during the year ending 12/2021. While expenses have increased by 21.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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

SUPPORTS CREATIVE ARTISTS AND SERVES TO ENCOURAGE AND DEVELOP EMERGING TALENT IN FILM, MUSIC, AND ACROSS ALL ARTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FISCAL SPONSORSHIP: A PROGRAM BY WHICH FILMMAKERS, MUSICIANS, AND OTHER ARTISTS RAISE INTEREST AND FUNDS FOR THEIR CREATIVE PROJECTS, BY ASKING DONORS TO CONTRIBUTE VIA CREATIVE ARMENIA, WHICH RETAINS AN INDUSTRY-STANDARD FEE, THEN PASSES ON THE DONATION TO THE ARTIST HIM/HERSELF.


ARTIST PROMOTION: A PROGRAM OF SUPPORT FOR MORE THAN A HUNDRED ARTISTS WHO BELONG TO THE CREATIVE ARMENIA NETWORK. THE PROGRAM INCLUDES GRANTS CALLED SPARK GRANTS, AS WELL AS A VARIETY OF OTHER PROMOTIONAL AND CAREER GROWTH BENEFITS.


CA-AGBU FELLOWSHIPS: AN ANNUAL FELLOWSHIP THAT PROVIDES A PACKAGE OF FUNDING, MENTORSHIP, AND PROMOTION TO INNOVATIVE ARTISTS ACROSS ALL FIELDS.


OTHER PROGRAMS: A CREATIVE RESIDENCY FOR CUTTING-EDGE ARTISTS (EAST-WEST RESIDENCY), A CREATIVE INCUBATOR (ARTBOX) WHICH NURTURES BUSINESS-MINDED ART PROJECTS, AND A DIGITAL COMPETITION SERIES (CREATIVE CHALLENGES).


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Board, Officers & Key Employees

Name (title)Compensation
Garin Hovannisian
President
$97,500
Mark Stefanos
Vice President
$0
Hakop Barseghian
Cfo/secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$720,785
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$720,785
Total Program Service Revenue$0
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 $720,785

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Creative Armenia has recieved totaling $110,051.

Awarding OrganizationAmount
Armenian General Benevolent Union

New York, NY

PURPOSE: CULTURAL

$100,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$51
View Grant Recipient Profile

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