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Nonprofiteer
← ARMENIAN CULTURAL ASSOCIATION OF AMERICA INC

Form 990 for tax year 2024

Filed by ARMENIAN CULTURAL ASSOCIATION OF AMERICA INC.

Totals

Total revenue
$1,740,615
Total expenses
$1,606,841
Contributions and grants received
$248,847
Grants paid
$241,376
Program service revenue
$1,013,888
Investment income
$380,454
Other revenue
$97,426
Total assets, end of year
$6,852,363
Total liabilities, end of year
$141,281
Net assets or fund balances, end of year
$6,711,082
Program services expenses (Part IX)
$855,834
Management and general expenses
$341,368
Fundraising expenses
$409,639
Program service expenses (Part III)
$855,834

Program services were 53.3% 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

    $248,847

  • 2a · Program service revenue: CRUISE INCOME

    total $558,043 · excluded $558,043

  • 2b · Program service revenue: PROGRAM REVENUE

    total $455,845 · excluded $455,845

  • 3 · Investment income

    total $316,316 · excluded $316,316

  • 6a · Gross rents

    real property $97,426

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $97,426

  • 6d · Net rental income or loss

    total $97,426 · excluded $97,426

  • 7a · Gross sales of assets other than inventory

    securities $721,654

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

    securities $657,516

  • 7c · Gain or loss

    securities $64,138

  • 7d · Net gain or loss

    total $64,138 · excluded $64,138

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $241,376 · program services $241,376

  • 7 · Other salaries and wages

    total $181,895 · program services $81,852 · management and general $45,474 · fundraising $54,569

  • 9 · Other employee benefits

    total $27,870 · program services $12,541 · management and general $6,968 · fundraising $8,361

  • 11c · Fees: accounting

    total $44,400 · program services $19,980 · management and general $11,100 · fundraising $13,320

  • 11g · Fees: other

    total $23,500 · program services $10,575 · management and general $5,875 · fundraising $7,050

  • 13 · Office expenses

    total $10,541 · program services $4,744 · management and general $2,635 · fundraising $3,162

  • 14 · Information technology

    total $8,474 · program services $3,813 · management and general $2,119 · fundraising $2,542

  • 16 · Occupancy

    total $82,453 · program services $37,104 · management and general $20,613 · fundraising $24,736

  • 17 · Travel

    total $42,487 · program services $19,119 · management and general $10,622 · fundraising $12,746

  • 19 · Conferences, conventions and meetings

    total $31,848 · program services $14,332 · management and general $7,962 · fundraising $9,554

  • 22 · Depreciation, depletion and amortization

    total $5,301 · program services $2,386 · management and general $1,325 · fundraising $1,590

  • 24a · Other expenses: SPECIAL EVENTS

    total $514,760 · program services $231,642 · management and general $128,690 · fundraising $154,428

  • 24b · Other expenses: PROGRAM SERVICES

    total $334,571 · program services $150,557 · management and general $83,643 · fundraising $100,371

  • 24c · Other expenses: PRINTING

    total $26,500 · program services $11,925 · management and general $6,625 · fundraising $7,950

  • 24d · Other expenses: CHARITABLE CONTRIBUTION

    total $19,500 · program services $8,775 · management and general $4,875 · fundraising $5,850

  • 24e · All other expenses

    total $11,365 · program services $5,113 · management and general $2,842 · fundraising $3,410

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299,711 · end of year $331,206

  • 2 · Savings and temporary cash investments

    beginning of year $524,605 · end of year $156,805

  • 4 · Accounts receivable

    beginning of year $55,780 · end of year $55,780

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,419 · end of year $150,419

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

    $528,289

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

    $389,996

  • 10c · Land, buildings and equipment, net

    beginning of year $143,596 · end of year $138,293

  • 11 · Investments: publicly traded securities

    beginning of year $5,165,145 · end of year $6,019,860

  • 15 · Other assets

    beginning of year $5,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,281 · end of year $86,281

  • 19 · Deferred revenue

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $55,000 · end of year $55,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,797,508 · end of year $2,828,721

  • 28 · Net assets with donor restrictions

    beginning of year $3,406,134 · end of year $3,882,361

Mission and programs · 2024

Mission

CHARITABLE AND EDUCATIONAL PURPOSES DIRECTED TO THE PRESERVATION AND CONTINUATION OF THE ARMENIAN CULTURAL AND HISTORICAL HERITAGE.

Activities or mission (Part I)

PRESERVATION AND PROMOTION OF ARMENIAN HERITAGE THROUGH EDUCATION, CULTURAL AND SOCIAL PROGRAMS. PUBLISH WEEKLY ARMENIAN NEWSPAPERS IN THE USA.

  • GENERAL ACTIVITIES TO PROMOTE SOCIAL AND CULTURAL SERVICE TO PEOPLE OF ARMENIAN ORIGIN.

    Expenses $855,834 · Grants $241,376 · Revenue $1,013,888

As filed on the 2024 return.

Listed in Part VII

  • Sevag Shirozian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ani Tchaghlasian

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • George Aghjayan

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Steve Mesrobian

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Georgi Oshagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maral Abrahamian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Harry Glorikian

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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

  • ARF EASTERN USA

    $200,000

    IN KIND RENT, SHARED EMPLOYEE, PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349312745

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