Seeds of Hope Armenia
Nonprofit profile at a glance
- EIN
- 854117730
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Fairfax, VA, USA
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $18,440
- Expenses
- $19,773
- Assets
- $8,034
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Liana Matevosian (President & CEO)
- Lilit Bayburtian (Vice President)
People named in this filing
- Liana Matevosian (President & CEO)
- Lilit Bayburtian (Vice President)
- Inna Grigoryan (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Seeds of Hope Armenia is a non-profit humanitarian organization1that provides direct comprehensive humanitarian financial and medical aid to the families of the martyred and wounded soldiers from the battles that ensued over Artsakh and Armenia. The organization provides language instruction medical education and community development opportunities through partnerships established with local universities.
What it reported doing in 2024
In furtherance of the organizations primary mission the Board of Directors held various events to raise monies to support the health education and welfare of Armenian soldiers as well as the families of combat volunteers through the financial and material benefits of our charitable programs via generous gifts and donations of our supporters. The organizations largest fundraiser was an evening of Jazz Music.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 18
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.4%; rating input score 18
- Program expense ratio: 17.2%; rating input score 17
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -7.2%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -86.6% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -123.4% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -15.3% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 18.4% of revenue deployed · 17.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $3K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 18/100.
- High — Financial Efficiency: Program expense ratio scored 17/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.