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Nonprofiteer
← ARMENIAN ASSEMBLY OF AMERICA INC

Form 990 for tax year 2023

Filed by ARMENIAN ASSEMBLY OF AMERICA INC.

Totals

Total revenue
$5,075,465
Total expenses
$4,729,922
Contributions and grants received
$4,367,335
Grants paid
$350,169
Program service revenue
$65,197
Investment income
$670,464
Other revenue
-$27,531
Total assets, end of year
$16,808,228
Total liabilities, end of year
$3,107,597
Net assets or fund balances, end of year
$13,700,631
Program services expenses (Part IX)
$4,408,598
Management and general expenses
$237,396
Fundraising expenses
$83,928
Program service expenses (Part III)
$4,408,598

Program services were 93.2% 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.

  • 1b · Membership dues

    $248,148

  • 1c · Fundraising events

    $5,500

  • 1f · All other contributions, gifts and grants

    $4,113,687

  • 2a · Program service revenue: TREE PROJECT

    total $65,197 · related or exempt $65,197

  • 3 · Investment income

    total $289,298 · excluded $289,298

  • 7a · Gross sales of assets other than inventory

    securities $6,781,175

  • 7b · Less cost or other basis and sales expenses

    securities $6,400,009

  • 7c · Gain or loss

    securities $381,166

  • 7d · Net gain or loss

    total $381,166 · excluded $381,166

  • 8a · Fundraising events: gross income

    $108,975

  • 8a · Fundraising events: contributions included on line 1c

    $5,500

  • 8b · Fundraising events: direct expenses

    $136,506

  • 8c · Net income from fundraising events

    total -$27,531 · excluded -$27,531

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $255,469 · program services $255,469

  • 3 · Grants to foreign organizations and individuals

    total $94,700 · program services $94,700

  • 5 · Compensation of officers, directors and key employees

    total $407,744 · program services $306,297 · management and general $81,060 · fundraising $20,387

  • 7 · Other salaries and wages

    total $1,650,127 · program services $1,592,758 · management and general $20,760 · fundraising $36,609

  • 8 · Pension plan contributions

    total $47,089 · program services $44,432 · management and general $754 · fundraising $1,903

  • 9 · Other employee benefits

    total $68,685 · program services $59,669 · management and general $5,733 · fundraising $3,283

  • 10 · Payroll taxes

    total $309,596 · program services $297,812 · management and general $7,404 · fundraising $4,380

  • 11b · Fees: legal

    total $945 · program services $945

  • 11c · Fees: accounting

    total $9,405 · program services $2,520 · management and general $6,885

  • 11g · Fees: other

    total $448,599 · program services $432,077 · management and general $16,522

  • 12 · Advertising and promotion

    total $3,474 · program services $3,474

  • 13 · Office expenses

    total $706,889 · program services $647,316 · management and general $50,594 · fundraising $8,979

  • 14 · Information technology

    total $66,115 · program services $54,034 · management and general $5,494 · fundraising $6,587

  • 16 · Occupancy

    total $126,506 · program services $126,506

  • 17 · Travel

    total $209,460 · program services $207,445 · management and general $215 · fundraising $1,800

  • 19 · Conferences, conventions and meetings

    total $32,869 · program services $30,167 · management and general $2,702

  • 20 · Interest

    total $144,654 · program services $135,986 · management and general $8,668

  • 22 · Depreciation, depletion and amortization

    total $99,339 · program services $92,532 · management and general $6,807

  • 23 · Insurance

    total $48,257 · program services $24,459 · management and general $23,798

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,079 · end of year $909,124

  • 2 · Savings and temporary cash investments

    beginning of year $505,304 · end of year $437,332

  • 3 · Pledges and grants receivable

    beginning of year $215,250 · end of year $41,173

  • 4 · Accounts receivable

    beginning of year $17,253 · end of year $31,579

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,190 · end of year $10,688

  • 10a · Land, buildings and equipment: cost or other basis

    $2,955,745

  • 10b · Land, buildings and equipment: accumulated depreciation

    $354,525

  • 10c · Land, buildings and equipment, net

    beginning of year $2,492,267 · end of year $2,601,220

  • 11 · Investments: publicly traded securities

    beginning of year $11,638,571 · end of year $12,777,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $836,818 · end of year $813,437

  • 24 · Unsecured notes and loans payable

    beginning of year $2,046,068 · end of year $2,294,160

  • 27 · Net assets without donor restrictions

    beginning of year -$4,487,817 · end of year -$2,919,214

  • 28 · Net assets with donor restrictions

    beginning of year $16,619,845 · end of year $16,619,845

Mission and programs · 2023

Mission

TO PROMOTE PUBLIC UNDERSTANDING AND AWARENESS OF ARMENIAN AND ARMENIAN-AMERICAN ISSUES THROUGH NON-PARTISAN ADVOCACY, EXPANDED RESEARCH AND EDUCATION FOR THE UNIVERSAL AFFIRMATION OF THE ARMENIAN GENOCIDE, AND OPPORTUNITIES THAT FURTHER ARMENIA'S ECONOMIC AND SOCIAL DEVELOPMENT.

Activities or mission (Part I)

THROUGH NON-PARTISAN ADVOCACY, RESEARCH AND EDUCATION PROMOTES PUBLIC UNDERSTANDING AND GREATER AWARENESS OF ARMENIAN-AMERICAN ISSUES.

  • ARMENIA TREE PROJECT - HELPED ADVANCE ARMENIA'S ECONOMIC AND SOCIAL DEVELOPMENT BY WORKING TO FUND FOREST RESTORATION, THEREBY PROVIDING FOOD, FUEL, WOOD, ENVIRONMENTAL BENEFITS, AND OPPORTUNITIES FOR ECONOMIC GROWTH.

    Expenses $2,803,755 · Grants $94,700 · Revenue $65,197

  • GOVERNMENT & PUBLIC AFFAIRS - THROUGH NON-PARTISAN ADVOCACY AND EDUCATION, THE ASSEMBLY WORKS WITH POLICYMAKERS AT THE FEDERAL LEVEL AND COMMUNITY ACTIVISTS ACROSS THE COUNTRY ON A WIDE VARIETY OF ISSUES, INCLUDING BUT NOT LIMITED TO AFFIRMATION OF THE ARMENIAN GENOCIDE AND U.S. ASSISTANCE TO ARMENIA

    Expenses $505,500

  • YEREVAN OPERATIONS - WORK TO SUPPORT THE ORGANIZATION'S MISSION INCLUDING SUPPORT OF DEMOCRACY, THE RULE OF LAW, OPEN MARKETS, AND REGIONAL SECURITY. THESE PROGRAMS ALSO SERVE TO EDUCATE PUBLIC AND PRIVATE CIVIL SOCIETY INITIATIVES WITHIN ARMENIA.

    Expenses $150,610

  • WESTERN REGION OPERATIONS - THE WESTERN REGION OFFICE ADVOCATES AND REPRESENTS ISSUES OF CONCERN TO THE CALIFORNIA CONGRESSIONAL DELEGATION THROUGH THE ASSEMBLY'S NETWORK AND POLICY SYSTEM. THE OFFICE PROVIDES INFORMATION FROM AND TO THE ASSEMBLY FOR U.S. GOVERNMENT, STATE, ARMENIAN, OFFICIALS, INTERNATIONAL ORGANIZATIONS AND BODIES, PUBLIC POLICY MAKERS, MEDIA AND OTHERS AS NEEDED. THE OFFICE ALSO PROMOTES AND DEVELOPS PUBLIC AND COMMUNITY RELATIONS WITH OTHER ARMENIAN AND NON-ARMENIAN BODIES. TERJENIAN THOMAS INTERNSHIP PROGRAM - THIS PROGRAM GIVES STUDENTS OF ARMENIAN DESCENT THE OPPORTUNITY TO LIVE AND WORK IN EITHER WASHINGTON, DC OR YEREVAN, ARMENIA WHILE GAINING EXPOSURE TO POLICY MAKING ORGANIZATIONS, RESEARCH AND THINK TANK ORGANIZATIONS, AND NGOS. INTERNS ALSO MEET WITH U.S. AND ARMENIAN OFFICIALS, PARTICIPATE IN LOCAL ACTIVITIES, AND ENJOY SIGHT-SEEING TRIPS TO ENHANCE THEIR CULTURAL AWARENESS.

    Expenses $948,733 · Grants $255,469

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carolyn Mugar

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Kaloosdian

    COUNSELOR EMERITUS DECEASED 5-12-24

    Total calculated
    $0
    Hours/week
    1

  • Anthony Barsamian

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Van Kirkorian

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    10 + 6 related

  • Oscar Tatosian

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bianka Kadian-Dodov

    SECRETARY & ASST TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lisa Kalustian

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Valina Agbabian

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aram Gavoor

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alex Karapetian

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Mirijanian

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lu Ann Ohanian

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Onanian

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Herman Purutyan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ani Yeramyan Speirs

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joyce Stein

    MEMBER EMERITUS EFFECTIVE 1-8-22

    Total calculated
    $0
    Hours/week
    1

  • Annie Totah

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Talin Yacoubian

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bryan Ardouny

    EXECUTIVE DIRECTOR

    Total calculated
    $227,280
    From this org
    $201,831
    From related orgs
    $0
    Other
    $25,449
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $186,831
    Bonus
    $15,000
    Other
    $0
    Deferred
    $5,370
    Nontaxable benefits
    $20,079
    Filer's total
    $227,280

  • Mary Ellen Gordon

    DIR OF FINANCE & ADMIN

    Total calculated
    $168,157
    From this org
    $152,169
    From related orgs
    $0
    Other
    $15,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,169
    Bonus
    $5,000
    Other
    $0
    Deferred
    $4,230
    Nontaxable benefits
    $11,758
    Filer's total
    $168,157

  • Rouben Adalian

    EXECUTIVE DIRECTOR - ANI

    Total calculated
    $161,943
    From this org
    $130,250
    From related orgs
    $0
    Other
    $31,693
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $125,250
    Bonus
    $5,000
    Other
    $0
    Deferred
    $3,600
    Nontaxable benefits
    $28,093
    Filer's total
    $161,943

  • Jeanmarie Papelian

    EXECUTIVE DIRECTOR - ATP

    Total calculated
    $130,447
    From this org
    $124,800
    From related orgs
    $0
    Other
    $5,647
    Hours/week
    40

  • Mariam Khaloyan

    CONGRESSIONAL RELATIONS DIRECTOR

    Total calculated
    $114,880
    From this org
    $106,229
    From related orgs
    $0
    Other
    $8,651
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ALL BONUS AMOUNTS ARE DISCRETIONARY AND DETERMINED BY THE EXECUTIVE COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ARMENIAN NATIONAL INSTITUTE INC

    501(C)(3) · TO PROMOTE UNDERSTANDING OF THE ARMENIAN GENOCIDE · DC · controlled entity

    Directly controlled by ARMENIAN ASSEMBLY OF AMERICA INC

  • ARMENIAN GENOCIDE MUSEUM AND MEMORIAL INC

    501(C)(3) · TO OPERATE A MUSEUM AND MEMORIAL TO THE VICTIMS OF THE ARMENIAN GENOCIDE · DC · controlled entity

    Directly controlled by ARMENIAN ASSEMBLY OF AMERICA INC

  • ATP CHARITABLE FOUNDATION

    SEE SCH R, PART VII · AM · controlled entity

    Directly controlled by ARMENIAN ASSEMBLY OF AMERICA INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349307762

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