Armenian Heritage Tribute and Genocide M

Nonprofit profile at a glance

EIN
201914324
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Watertown, MA, USA
Phone
7818942029
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Commemorative Events

Reported finances

Revenue
$255,701
Expenses
$153,238
Assets
$5,010,432
Liabilities
$3,959

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

37 people listed

Executive titles in this filing

  • JAMES KALUSTIAN (PRESIDENT)
  • BRUCE BAGDASARIAN (VICE PRESIDENT / DIRECTOR)
  • WALTER NAHABEDIAN (VICE PRESIDENT / DIRECTOR)

People named in this filing

  • KAREN DEDERYAN (TREASURER)
  • LUCY HOOSIAN (SECRETARY)
  • JAMES KALUSTIAN (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is organized to support the development, construction, funding and maintenance of an armenian heritage tribute and genocide memorial (the "memorial") which recognizes and celebrates the heritage and specific historic events of the armenian people including but not limited to the armenian genocide of 1915, and the presence, vitality and contributions of the armenian community within the commonwealth of Massachusetts.

What it reported doing in 2024

Expenditures are for the ongoing maintenance of the memorial park on the greenway in boston, ma. The park offers hope and refuge for immigrants looking to begin new lives.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 83
  • Accountability: 94
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.2%; rating input score 70
  • Program expense ratio: 79.1%; rating input score 79
  • Fundraising efficiency: $34.14 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 40.1%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 32.7; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: -2.1% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 70.2% of revenue deployed · 79.1% of spending went to programs
  • Governance: 37 of 37 board members independent · 6 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $121K in reported program spending
  • Leadership: top reported pay $0 · 37 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.