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Nonprofiteer
← CREATIVE ARMENIA

Form 990 for tax year 2024

Filed by CREATIVE ARMENIA.

Totals

Total revenue
$82,461
Total expenses
$134,155
Contributions and grants received
$82,461
Grants paid
$33,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$49,343
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$49,343
Program services expenses (Part IX)
$113,414
Management and general expenses
$20,651
Fundraising expenses
$90
Program service expenses (Part III)
$113,414

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $82,461

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $33,000 · program services $33,000

  • 5 · Compensation of officers, directors and key employees

    total $48,750 · program services $36,563 · management and general $12,187

  • 10 · Payroll taxes

    total $3,841 · program services $2,881 · management and general $960

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 11g · Fees: other

    total $21,420 · program services $21,420

  • 13 · Office expenses

    total $2,361 · program services $553 · management and general $1,718 · fundraising $90

  • 14 · Information technology

    total $4,640 · program services $4,640

  • 16 · Occupancy

    total $2,000 · program services $2,000

  • 17 · Travel

    total $6,409 · program services $6,409

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $5,199 · program services $2,913 · management and general $2,286

  • 24b · Other expenses: ARTIST APPLICATIONS

    total $3,035 · program services $3,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,564 · end of year $49,343

  • 25 · Other liabilities

    beginning of year $2,527 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $101,037 · end of year $49,343

Mission and programs · 2024

Mission

TO DISCOVER, DEVELOP, AND PROMOTE CREATIVE TALENT ACROSS THE ARTS. IT DOES SO WITH A SPECIAL FOCUS ON ARMENIAN CULTURE AND THROUGH A VARIETY OF PROGRAMS INCLUDING, CREATIVE CHALLENGES, PRODUCTION SUPPORT, ARTIST PROMOTION, AND FELLOWSHIPS.

Activities or mission (Part I)

DISCOVER, DEVELOP, AND PROMOTE CREATIVE TALENT ACROSS THE ARTS.

  • 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.

    Expenses $68,365 · Grants $17,500

  • EAST-WEST RESIDENCY: A CREATIVE RESIDENCY FOR CUTTING-EDGE ARTISTS.

    Expenses $39,550 · Grants $15,500

  • 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.

    Expenses $5,259

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

    Expenses $240

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Garin Hovannisian

    PRESIDENT

    Total calculated
    $48,750
    From this org
    $48,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mark Stefanos

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Hakop Barseghian

    CFO/SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 July 2025
IRS schema version
2024v5.2
Source object
202512129349301776

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