Overview
What is Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund?
The Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund is a charitable organization established to support the operations of the Holy Trinity Armenian Apostolic Church of Greater Boston. In accordance with its mission statement, the fund distributes interest and dividends earned annually to the church. The discretion to disburse principal funds lies with the Board of Trustees. The Trust Fund's primary role is to contribute to the Church's ongoing activities, providing essential financial assistance. Its headquarters is located at 145 Brattle Street, Cambridge, Massachusetts, 02138.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning a Two-Star out of Four Star rating.
The Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization demonstrates strengths in governance, with a fully independent board and strong financial ratios, including an impressive program expense ratio of 86.10%. This suggests that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, the organization has notable weaknesses that impact its overall rating. It lacks essential policies such as a conflict of interest policy and a whistleblower policy, which detracts from its accountability. Additionally, the absence of a website listed on the tax form and the failure to post key documents, including board meeting minutes and financial forms, point to a need for improvement in transparency and communication with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund legitimate?
Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund 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 Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund?
The Holy Trinity Armenian Apostolic Church of Greater Boston Trust Fund's mission is centered around supporting the operations of the Holy Trinity Armenian Apostolic Church of Greater Boston. In accordance with its mission statement, the Trust Fund distributes the interest and dividends earned annually to the church. The principal from the funds can be allocated to the Holy Trinity Armenian Church at the discretion of the Board of Trustees. The Trust Fund's primary objective is to contribute to the church's operations, providing financial support to uphold its religious and community activities.
Who is the CEO of Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund?
James Kalustian is the Chairman of Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund.
What is the revenue of Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund?
Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund's revenue in 2022 was $464,545.
Who are the executives of Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund and what are their salaries?
There 8 volunteers at Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund?
Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund
The Holy Trinity Armenian Apostolic Church of Greater Boston Trust Fund is committed to supporting the operations of the Holy Trinity Armenian Apostolic Church of Greater Boston. In line with its mission statement, the Trust Fund channels all interest and dividends earned annually towards the Church's activities. Additionally, the fund's principal can be allocated to the Holy Trinity Armenian Church at the discretion of the Board of Trustees. This support ensures the Church continues to function effectively, serving its community and adherents.
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Impact
July, 2024
The Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund's impact revolves around supporting the operations of Holy Trinity Armenian Apostolic Church of Greater Boston. By providing financial resources to the church, the Trust Fund contributes to the continuation of religious services, community outreach programs, and the maintenance of the church's facilities. This assistance helps sustain the church's mission of fostering a strong Armenian Apostolic community in the Greater Boston area and preserving cultural heritage through religious practices and traditions.
This information is meant to be a general summary of Holy Trinity Armenian Apostolic Church Of Greater Boston Trust Fund. 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: $299,445
- Gross Receipts: $1,333,420
Assets and Liabilities:
- Total Assets: $9,606,394
- Total Liabilities: $0
- Net Assets: $9,606,394
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Organization Details
Founding Year
1975
Phone
(617) 354-0632Principal Officer
James Kalustian
Main Address
145 BRATTLE STREET, CAMBRIDGE, MA, 02138
NTEE Category
Code: X22 - Religion related
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