Skip to content
Nonprofiteer
← ST NERSESS ARMENIAN SEMINARY INC

Form 990 for tax year 2024

Filed by ST NERSESS ARMENIAN SEMINARY INC.

Totals

Total revenue
$1,364,013
Total expenses
$1,693,527
Contributions and grants received
$773,572
Grants paid
$64,976
Program service revenue
$78,587
Investment income
$500,037
Other revenue
$11,817
Total assets, end of year
$21,584,573
Total liabilities, end of year
$10,883
Net assets or fund balances, end of year
$21,573,690
Program services expenses (Part IX)
$1,051,743
Management and general expenses
$594,026
Fundraising expenses
$47,758
Program service expenses (Part III)
$1,051,743

Program services were 62.1% 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

    $773,572

  • 1g · Noncash contributions included above

    $2,225

  • 2a · Program service revenue: TUITION

    total $50,685 · related or exempt $50,685

  • 2b · Program service revenue: CONFERENCES

    total $27,902 · related or exempt $27,902

  • 3 · Investment income

    total $499,537 · excluded $499,537

  • 6a · Gross rents

    real property $2,284

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,284

  • 6d · Net rental income or loss

    total $2,284 · excluded $2,284

  • 7a · Gross sales of assets other than inventory

    other assets $500

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

    other assets $0

  • 7c · Gain or loss

    other assets $500

  • 7d · Net gain or loss

    total $500 · excluded $500

  • 10a · Gross sales of inventory

    $3,072

  • 10b · Cost of goods sold

    $1,690

  • 10c · Net income from sales of inventory

    total $1,382 · excluded $1,382

  • 11a · Other revenue: INSURANCE CLAIM

    total $8,151 · excluded $8,151

  • 11e · Other revenue, total

    $8,151

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $64,976 · program services $64,976

  • 5 · Compensation of officers, directors and key employees

    total $112,784 · program services $112,784

  • 7 · Other salaries and wages

    total $486,707 · program services $311,800 · management and general $174,907

  • 9 · Other employee benefits

    total $49,698 · program services $28,376 · management and general $21,322

  • 10 · Payroll taxes

    total $53,077 · program services $22,975 · management and general $30,102

  • 11b · Fees: legal

    total $920 · management and general $920

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 11f · Fees: investment management

    total $28,118 · management and general $28,118

  • 11g · Fees: other

    total $28,169 · program services $22,800 · management and general $4,332 · fundraising $1,037

  • 12 · Advertising and promotion

    total $20,704 · program services $20,704

  • 13 · Office expenses

    total $55,154 · program services $10,306 · management and general $37,374 · fundraising $7,474

  • 14 · Information technology

    total $19,314 · program services $80 · management and general $19,234

  • 16 · Occupancy

    total $55,010 · management and general $55,010

  • 17 · Travel

    total $123,197 · program services $81,613 · management and general $41,584

  • 19 · Conferences, conventions and meetings

    total $7,154 · program services $7,154

  • 22 · Depreciation, depletion and amortization

    total $269,152 · program services $269,152

  • 23 · Insurance

    total $40,618 · program services $40,557 · management and general $61

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $116,983 · management and general $116,983

  • 24b · Other expenses: FOOD/BEVERAGE

    total $72,593 · program services $21,396 · management and general $51,197

  • 24c · Other expenses: FUNDRASING EXPENSES

    total $39,247 · fundraising $39,247

  • 24d · Other expenses: EQUIPMENT

    total $14,102 · program services $14,102

  • 24e · All other expenses

    total $29,350 · program services $22,968 · management and general $6,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $705,833 · end of year $520,658

  • 2 · Savings and temporary cash investments

    beginning of year $1,005,269 · end of year $1,225,948

  • 3 · Pledges and grants receivable

    beginning of year $1,248,793 · end of year $1,132,940

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

    $10,680,841

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

    $2,248,530

  • 10c · Land, buildings and equipment, net

    beginning of year $8,224,159 · end of year $8,432,311

  • 11 · Investments: publicly traded securities

    beginning of year $10,288,189 · end of year $10,272,716

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,167 · end of year $10,882

  • 23 · Secured mortgages and notes payable

    beginning of year $1 · end of year $1

  • 27 · Net assets without donor restrictions

    beginning of year $8,346,062 · end of year $10,385,048

  • 28 · Net assets with donor restrictions

    beginning of year $13,109,013 · end of year $11,188,642

Mission and programs · 2024

Mission

ST. NERSESS ARMENIAN SEMINARY IS A RELIGIOUS EDUCATIONAL INSTITUTION OF HIGHER LEARNING FOR THE SUPPORT, EDUCATION AND TRAINING OF MEN AND WOMEN DEDICATED TO SERVICE AND MINISTRY IN THE ARMENIAN CHURCH.

Activities or mission (Part I)

ST. NERSESS ARMENIAN SEMINARY PROVIDES QUALITY EDUCATION AND TRAINING TO OUR SEMINARIANS, CURRENT CLERGY, AND THE COMMUNITY. ITS COMMITMENT TO THE GROWTH OF THE ARMENIAN CHURCH WILL BE ACHIEVED THROUGH THE CONTINUING EDUCATION OF CURRENT PRIESTS; SUPPORT AND TRAINING OF ARMENIAN PRIESTS FROM ABROAD; RESEARCH AND EDUCATIONAL OPPORTUNITIES FOR EXCHANGE FACULTY AND STUDENTS; AND THE CONTINUATION OF OUR 60+ YEAR TRADITION OF SUMMER YOUTH CONFERENCES AND DEACONS' TRAINING PROGRAMS. ST. NERSESS ARMENIAN SEMINARY IS THE ONLY SEMINARY IN THE WESTERN HEMISPHERE.

  • RELIGIOUS EDUCATION OF SEMINARIANS, INCLUDING ROOM AND BOARD ON CAMPUS. EXTENDED STUDY PROGRAMS IN OUR SEMINARIES IN ARMENIA AND JERUSALEM TO STRENGTHEN THE ARMENIAN EDUCATION OF OUR AMERICAN BORN SEMINARIANS.EDUCATIONAL AND TRAINING WORKSHOPS FOR CURRENT PRIESTS THROUGH CONTINUING EDUCATION PROGRAMS. ACCLIMATION AND ACCULTURATION SUPPORT AND TRAINING FOR ARMENIAN PRIESTS FROM ABROAD WHO WILL SERVE IN NORTH AMERICAN DIOCESES.RESEARCH AND EDUCATIONAL OPPORTUNITIES FOR EXCHANGE FACULTY AND STUDENTS FROM THE MOTHER SEE OF HOLY ETCHMIADZIN AND THE ARMENIAN PATRIARCHATE OF JERUSALEM.UNDERGRADUATE PROGRAMS THAT COMBINE LOCAL COLLEGE STUDY AND COURSES, WORSHIP, AND RESIDENCE AT ST. NERSESS SEMINARY.CONTINUATION AND EXPANSION OF THE 50+ YEAR TRADITION OF SUMMER YOUTH PROGRAMS, RETREATS, AND ALTAR SERVER PROGRAMS.

    Expenses $1,051,743 · Grants $64,976 · Revenue $78,587

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

Listed in Part VII

  • Mr Karnig Durgarian

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Mr David Onanian

    VICE CHAIR AS OF 1/2025

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Richard Papalian

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Ms Karen Dilimetin

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Michael Kasparian

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Ms Carol B Aslanian

    SECRETARY THRU 10/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Mrs Maria Stepanian

    ASST. SECRETARY THRU 10/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Glenn A Ajamian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Raffi V Balian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Robert George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Father Vart Gyozalyan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dn Diran Jebejian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dn Ara Jeknavorian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Father Yeprem Kelegian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Gregory Melconian

    DIRECTOR THRU 10/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Mrs Margaret Mgrublian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Professor Mark Movsesian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Father Sarkis Petoyan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Father Krikor Sabounjian

    ADVISOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Douglas Tashjian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael A Zeytoonian Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mr Kevork Zoryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rt Rev Bishop Mesrop Parsamyan

    PRIMATE, PRESIDENT DIOCESE OF THE ARMENAIN CHURCH

    Total calculated
    $0
    Hours/week
    0.5

  • Most Rev Archbishop Hovnan Derderia

    PRIMATE, VP WESTERN DIOCESE OF THE ARMENIAN CHURCH

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Father Michael Chevian

    DEAN, ST. NERSESS ARMENIAN ACADEMY

    Total calculated
    $115,817
    From this org
    $72,012
    From related orgs
    $0
    Other
    $43,805
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 March 2026
IRS schema version
2024v5.5
Source object
202630729349300823

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.