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← A G B U MANOOGIAN-DEMIRDJIAN SCHOOL

Form 990 for tax year 2023

Filed by A G B U MANOOGIAN-DEMIRDJIAN SCHOOL.

Totals

Total revenue
$15,622,788
Total expenses
$14,298,490
Contributions and grants received
$1,340,981
Grants paid
$0
Program service revenue
$12,679,422
Investment income
$262,348
Other revenue
$1,340,037
Total assets, end of year
$11,047,240
Total liabilities, end of year
$1,816,784
Net assets or fund balances, end of year
$9,230,456
Program services expenses (Part IX)
$10,193,859
Management and general expenses
$3,982,487
Fundraising expenses
$122,144
Program service expenses (Part III)
$10,193,859

Program services were 71.3% 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.

  • 1c · Fundraising events

    $873,022

  • 1e · Government grants (contributions)

    $193,924

  • 1f · All other contributions, gifts and grants

    $274,035

  • 2a · Program service revenue: TUITIONS

    total $12,715,622 · related or exempt $12,715,622

  • 2b · Program service revenue: REGISTRATION

    total $1,017,092 · related or exempt $1,017,092

  • 2c · Program service revenue: OTHER

    total -$157,031 · related or exempt -$157,031

  • 2d · Program service revenue: LESS: DISCOUNTS

    total -$896,261 · related or exempt -$896,261

  • 3 · Investment income

    total $262,348 · excluded $262,348

  • 8a · Fundraising events: gross income

    $787,359

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

    $873,022

  • 8b · Fundraising events: direct expenses

    $478,808

  • 8c · Net income from fundraising events

    total $308,551 · excluded $308,551

  • 10a · Gross sales of inventory

    $1,519,820

  • 10b · Cost of goods sold

    $488,334

  • 10c · Net income from sales of inventory

    total $1,031,486 · related or exempt $1,031,486

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $495,605 · program services $350,200 · management and general $145,405

  • 6 · Compensation of disqualified persons

    total $9,410,174 · program services $7,496,494 · management and general $1,910,460 · fundraising $3,220

  • 9 · Other employee benefits

    total $824,543 · program services $653,148 · management and general $171,127 · fundraising $268

  • 10 · Payroll taxes

    total $933,995 · program services $754,187 · management and general $179,500 · fundraising $308

  • 22 · Depreciation, depletion and amortization

    total $330,840 · management and general $330,840

  • 23 · Insurance

    total $216,270 · program services $6,410 · management and general $209,860

  • 24a · Other expenses: OPERATING SUPPLIES

    total $886,690 · program services $575,658 · management and general $300,934 · fundraising $10,098

  • 24b · Other expenses: CONTRACTED SERVICES

    total $542,886 · program services $288,414 · management and general $229,495 · fundraising $24,977

  • 24c · Other expenses: UTILITIES

    total $320,333 · program services $2,160 · management and general $318,173 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $91,316 · program services $12,994 · management and general $65,254 · fundraising $13,068

  • 24e · All other expenses

    total $245,838 · program services $54,194 · management and general $121,439 · fundraising $70,205

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,481,481 · end of year $548,494

  • 4 · Accounts receivable

    beginning of year $362,777 · end of year $1,043,730

  • 8 · Inventories for sale or use

    beginning of year $25,091 · end of year $31,067

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

    $6,034,606

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

    $4,288,381

  • 10c · Land, buildings and equipment, net

    beginning of year $1,477,331 · end of year $1,746,225

  • 11 · Investments: publicly traded securities

    beginning of year $5,470,215 · end of year $6,455,363

  • 15 · Other assets

    beginning of year $588,632 · end of year $1,222,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $407,601 · end of year $695,697

  • 19 · Deferred revenue

    beginning of year $797,060 · end of year $767,081

  • 24 · Unsecured notes and loans payable

    beginning of year $147,977 · end of year $139,644

  • 25 · Other liabilities

    beginning of year $191,666 · end of year $214,362

  • 27 · Net assets without donor restrictions

    beginning of year $6,053,888 · end of year $7,423,121

  • 28 · Net assets with donor restrictions

    beginning of year $1,807,335 · end of year $1,807,335

Mission and programs · 2023

Mission

TO PROVIDE EDUCATION FROM PRE-SCHOOL TO HIGH SCHOOL.

  • A.G.B.U. MANOOGIAN-DEMIRDJIAN SCHOOL WAS ESTABLISHED IN 1976. THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE K TO 12 EDUCATION, INCLUDING PRESCHOOL. IT SERVES OVER 950 STUDENTS.

    Expenses $10,193,859 · Revenue $13,710,908

As filed on the 2023 return.

Listed in Part VII

  • Hratch Tavidian

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Tamar Karaguezian

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Kevork Zoryan

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • Serge Sinanian

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Dr Vatche Agopian

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Courtney Kassakhian

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Dr Harmik Soukiasian

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Vahe Markarian

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Vahag Keshishyan

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Harout Diramerian

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Aline Vakian

    ADVISOR

    Total calculated
    $0
    Hours/week
    4

  • Ara Yetenekian

    CHIEF FINANCIAL OFFICER

    Total calculated
    $158,164
    From this org
    $145,405
    From related orgs
    $0
    Other
    $12,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,405
    Bonus
    $0
    Other
    $0
    Deferred
    $12,759
    Nontaxable benefits
    $0
    Filer's total
    $158,164

  • David Ghoogasian

    HEAD OF SCHOOL

    Total calculated
    $350,200
    From this org
    $350,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,200
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $350,200

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 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 June 2025
IRS schema version
2023v6.0
Source object
202511659349300706

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