Overview
What is Iranian Armenian Society Inc?
The Iranian Armenian Society Inc, a nonprofit organization, is dedicated to fostering cultural growth. By offering a variety of program services, they cater to both their members and the broader Armenian community. Their mission is to promote cultural development, achieving this through educational opportunities and events that enrich the community's cultural landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Iranian Armenian Society Inc has received a One-Star rating from Charity Navigator, reflecting an overall score of 54%. This score is primarily based on the charity's Accountability & Finance metrics, indicating significant areas for improvement. While the organization boasts a fully independent board and has established policies for conflict of interest and whistleblower protections, its financial health raises concerns, particularly related to program expense ratios and the liabilities to assets ratio.
Strengths of the organization include a fully independent board, with 12 members ensuring transparency and a lack of conflicts of interest. The charity has also implemented essential governance policies, demonstrating a commitment to accountability. However, the relatively low score in program expenses suggests that only a portion of its expenditures are directed towards its mission-driven activities.
Additionally, the liabilities to assets ratio of 5.96% indicates potential financial risk, with no points awarded in this category, highlighting a need for better financial management. Overall, while the Iranian Armenian Society Inc has some strong governance practices in place, its financial inefficiencies and low program expense ratio suggest that stakeholders should scrutinize its operational effectiveness closely.
This AI summary has been generated from information found on Charity Navigator.
Is Iranian Armenian Society Inc legitimate?
Iranian Armenian Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iranian Armenian Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Iranian Armenian Society Inc?
The Iranian Armenian Society Inc. is committed to fostering cultural development. They accomplish this by offering various program services, providing both their members and the wider Armenian community with cultural and educational opportunities. The society's activities are geared towards enriching the cultural landscape, thereby promoting understanding and appreciation of Armenian heritage.
Who is the CEO of Iranian Armenian Society Inc?
Stella Minassian Stepanian is the President of Iranian Armenian Society Inc.
What is the revenue of Iranian Armenian Society Inc?
Iranian Armenian Society Inc's revenue in 2022 was $145,886.
Who are the executives of Iranian Armenian Society Inc and what are their salaries?
There 9 volunteers at Iranian Armenian Society Inc.
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Where can I find the form 990 for Iranian Armenian Society Inc?
Iranian Armenian Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iranian Armenian Society Inc
The Iranian Armenian Society Inc is committed to fostering cultural advancement. To achieve this mission, the organization provides program services that cater to both its members and the broader Armenian community. These services are designed to offer cultural and educational opportunities, thereby contributing to the overall development of the Armenian community. The Iranian Armenian Society Inc actively works towards promoting cultural development, thereby enriching the community's cultural landscape.
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Impact
October, 2024
The Iranian Armenian Society Inc fosters cultural development and enrichment within both its membership and the broader Armenian community. By organizing programs and services that focus on cultural and educational opportunities, the society creates a platform for individuals to explore and celebrate their heritage. This engagement not only strengthens community bonds but also preserves and promotes the rich artistic traditions of the Iranian Armenian diaspora. Through various initiatives, the society contributes to a vibrant cultural landscape in Little Neck, NY, and beyond, empowering members with knowledge and appreciation of their unique cultural identity.
This information is meant to be a general summary of Iranian Armenian Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $111,309
- Gross Receipts: $145,886
Assets and Liabilities:
- Total Assets: $519,770
- Total Liabilities: $25,592
- Net Assets: $494,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNCTION INCOME
Revenue
$111,309
Organization Details
Founding Year
1950
Phone
(718) 423-8086Principal Officer
Stella Minassian Stepanian
Main Address
39-03 LITTLE NECK PARKWAY, LITTLE NECK, NY, 11363
NTEE Category
Code: A230 - Arts
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