Overview
What is Armenian Cultural & Educational Center Inc?
The Armenian Cultural & Educational Center Inc, situated at 47 Nichols Avenue, Watertown, MA 02472, is a nonprofit organization committed to serving the Armenian community. With a team of six dedicated individuals, their primary focus is on delivering cultural and educational services. The center offers facilities for Armenian groups and hosts civic and community activities, fostering a sense of community and preserving Armenian heritage. The organization's mission is to promote and provide cultural and educational services, contributing to the enrichment and understanding of the Armenian community.
Official website here: www.acec@acecwatertown.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating. This rating indicates a moderate level of accountability and finance management for the Armenian Cultural & Educational Center Inc. The score is primarily based on a single beacon focused on financial practices, reflecting the organization's commitment to maintaining transparency and good governance.
The center has demonstrated strong points such as having a fully independent board of directors, excellent financial auditing, and adherence to conflict of interest policies. The organization scored particularly well on the material diversion of assets and the listing of its website on tax forms, contributing positively to its overall rating. These factors suggest a foundation of sound financial practices and governance.
However, there are areas that may need improvement, particularly the absence of a whistleblower policy, which has resulted in a zero score for that criterion. Additionally, while the program expense ratio is decent, indicating a reasonable allocation of funds to programs, the liabilities to assets ratio raises some concerns, suggesting potential financial risks. Overall, while the Armenian Cultural & Educational Center Inc shows strengths in governance, attention to certain policies and financial ratios could enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Armenian Cultural & Educational Center Inc legitimate?
Armenian Cultural & Educational Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armenian Cultural & Educational Center 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,153
For more financial information, click here
Official website here: www.acec@acecwatertown.org
What is the mission statement of Armenian Cultural & Educational Center Inc?
The Armenian Cultural & Educational Center Inc is committed to providing cultural and educational services to the Armenian community. This organization offers meeting facilities for various Armenian groups and participates in civic and community activities. By doing so, it aims to foster a sense of cultural identity and education among the Armenian community. The center's activities contribute to preserving and promoting Armenian heritage and traditions. It provides a platform for Armenians to engage in discussions, share experiences, and learn from each other, thereby enriching their cultural and educational journey.
Official website here: www.acec@acecwatertown.org
Who is the CEO of Armenian Cultural & Educational Center Inc?
Stepan Chiloyan is the Trustee of Armenian Cultural & Educational Center Inc.
Official website here: www.acec@acecwatertown.org
What is the revenue of Armenian Cultural & Educational Center Inc?
Armenian Cultural & Educational Center Inc's revenue in 2022 was $884,543.
Official website here: www.acec@acecwatertown.org
Who are the executives of Armenian Cultural & Educational Center Inc and what are their salaries?
The average compensation at Armenian Cultural & Educational Center Inc during 2022 was $13,859. There are 6 employees at Armenian Cultural & Educational Center Inc.
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Official website here: www.acec@acecwatertown.org
Where can I find the form 990 for Armenian Cultural & Educational Center Inc?
Armenian Cultural & Educational Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acec@acecwatertown.org
Learn more at the official website: www.acec@acecwatertown.org
Mission Statement of Armenian Cultural & Educational Center Inc
The Armenian Cultural & Educational Center Inc is dedicated to providing cultural and educational services to the Armenian community. Their mission is to offer meeting facilities for various Armenian groups and engage in civic and community activities. By doing so, this organization aims to foster a sense of unity and preservation of Armenian heritage within its community.
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Impact
October, 2024
The Armenian Cultural & Educational Center Inc significantly enriches the Armenian community in Watertown, MA, by providing essential cultural and educational services. It serves as a vital meeting space for Armenian groups, fostering a sense of belonging and unity among community members. The center promotes various civic and community activities, facilitating connections and engagement that strengthen cultural heritage. By organizing events, workshops, and programs focused on the arts, the center enhances cultural awareness and appreciation, ensuring that Armenian traditions and values are passed down to future generations. Through its dedicated efforts, the center plays a crucial role in preserving Armenian identity and fostering community cohesion.
This information is meant to be a general summary of Armenian Cultural & Educational Center 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.
- Investment Income: $130
- Program Service Revenue: $197,564
- Gross Receipts: $1,019,193
Assets and Liabilities:
- Total Assets: $1,107,268
- Total Liabilities: $656,947
- Net Assets: $450,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMON AREA MAINTENANC
Revenue
$74,177
HALL RENTAL
Revenue
$60,953
ARMENIAN SCHOOL RENTAL
Revenue
$46,653
GYM RENTAL
Revenue
$15,781
Organization Details
Founding Year
1975
Phone
(617) 926-6067Principal Officer
Stepan Chiloyan
Main Address
47 NICHOLS AVENUE, WATERTOWN, MA, 02472
Website
www.acec@acecwatertown.orgNTEE Category
Code: A230 - Arts
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