Overview
What is Cultural Society Of Armenians From Istanbul?
The Cultural Society of Armenians From Istanbul is a nonprofit organization situated in Southfield, Michigan. Their mission lies in offering support for Armenian cultural and educational initiatives, benefiting both individuals and organizations, on a local and international scale. This support is evident in their recent donation of $10,000 to AGBU Alex and Marie Manoogian School in Southfield, Michigan. Their headquarters can be found at 22001 Northwestern Hwy, Southfield, MI 48075.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Stars)
The Cultural Society Of Armenians From Istanbul has received a "Needs Improvement" rating from Charity Navigator, indicating that while there are some strong points in its governance, there are significant areas that require attention. The organization scored a perfect 100% in accountability and finance metrics, demonstrating a fully independent board and no diversion of assets. However, it did poorly in transparency and governance policies, notably lacking a website listed on its tax form and essential policies such as conflict of interest and whistleblower protections.
The organization’s strong financial performance, with a 100% program expense ratio, suggests that all funds are dedicated to its programs. This is a positive sign of effective resource management and commitment to its mission. Furthermore, the lack of liabilities indicates sound financial health, which is critical for long-term sustainability.
Despite these strengths, the missing governance and transparency measures are concerning and suggest areas needing urgent improvement. The absence of key policies could undermine trust among donors and supporters. Overall, while the nonprofit excels in certain operational aspects, addressing its transparency and governance shortcomings is essential for enhancing its impact and credibility within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cultural Society Of Armenians From Istanbul legitimate?
Cultural Society Of Armenians From Istanbul is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cultural Society Of Armenians From Istanbul 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: $0
For more financial information, click here
What is the mission statement of Cultural Society Of Armenians From Istanbul?
The Cultural Society of Armenians From Istanbul is dedicated to offering aid for Armenian cultural and educational initiatives, benefiting both individuals and organizations on a global scale. This encompasses assistance in the United States and abroad. Their mission is to provide support in various capacities, fostering the growth and preservation of Armenian culture and knowledge. Recently, they have donated 10,000 dollars to AGBU Alex and Marie Manoogian school in Southfield Michigan, showcasing their commitment to promoting education in the Armenian community.
What is the revenue of Cultural Society Of Armenians From Istanbul?
Cultural Society Of Armenians From Istanbul's revenue in 2024 was $111,466.
Who are the executives of Cultural Society Of Armenians From Istanbul and what are their salaries?
There 10 volunteers at Cultural Society Of Armenians From Istanbul.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Cultural Society Of Armenians From Istanbul?
Cultural Society Of Armenians From Istanbul's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Cultural Society Of Armenians From Istanbul
The Cultural Society of Armenians from Istanbul is an organization dedicated to offering aid for various Armenian cultural and educational initiatives, catering to both individuals and establishments, both domestically in the United States and internationally. Their primary mission is to extend support for these activities, fostering the preservation and promotion of Armenian heritage and knowledge.
As per the information provided, this nonprofit has demonstrated its commitment to this mission by donating $10,000 to AGBU Alex and Marie Manoogian School located in Southfield, Michigan. This act of generosity reflects the Society's dedication to empowering educational institutions that share its values and contribute to the Armenian community. By supporting such institutions, the Cultural Society of Armenians from Istanbul is actively engaged in uplifting the educational landscape and fostering a rich cultural environment for Armenians.
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Impact
August, 2024
The Cultural Society of Armenians from Istanbul has made a significant impact by providing assistance for Armenian cultural and educational activities for individuals and organizations, both in the U.S. and abroad. One notable contribution is their donation of $10,000 to the AGBU Alex and Marie Manoogian school in Southfield, Michigan. This support has helped further the mission of preserving and promoting Armenian culture and education, particularly in the field of arts.
This information is meant to be a general summary of Cultural Society Of Armenians From Istanbul. 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 2024.
- Investment Income: $100,000
- Gross Receipts: $111,466
Assets and Liabilities:
- Total Assets: $809,820
- Total Liabilities: $0
- Net Assets: $809,820
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Organization Details
Founding Year
1964
Principal Officer
Vahe Akaraz
NTEE Category
Code: A23Z - Arts
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