Overview
What is St Nersess Armenian Seminary Inc?
St. Nersess Armenian Seminary Inc, located in Armonk, New York, serves as an educational institution dedicated to the religious training of seminarians, aiming to prepare them for their future roles as clergy members. The seminary also offers courses for various other groups, providing a comprehensive learning environment. Beyond education, the seminary provides essential living accommodations, offering room and board to its seminarians during their formative years. With a workforce of eight individuals, St. Nersess Armenian Seminary Inc plays a significant role in nurturing future religious leaders within the Armenian community.
Official website here: www.stnersess.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29%
St Nersess Armenian Seminary Inc has received a low score of 29% from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This score reflects significant concerns regarding accountability and financial practices within the organization. While the seminary has a largely independent board, it lacks several critical policies, including conflict of interest and whistleblower protections, which are essential for maintaining organizational integrity.
The financial overview reveals that the seminary allocates a relatively low percentage of its expenditures toward programs, with a program expense ratio of 27.97%. Furthermore, the absence of a review or compilation for its financial statements raises questions about transparency and financial oversight. Although there are no reported issues regarding asset diversion, the overall financial health and operational practices appear to be lacking.
Overall, while St Nersess Armenian Seminary Inc has some strengths in board independence, its weaknesses in key governance and financial areas raise concerns for potential donors and stakeholders. Improvements in transparency, policy implementation, and program funding would be necessary for the organization to enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about St Nersess Armenian Seminary Inc?
96% of 19 reviewers on Facebook recommend St Nersess Armenian Seminary Inc. Here is a summary of their reviews:
Many reviewers express appreciation for the seminary's focus on in-depth discussions about Armenian culture and the Armenian Apostolic Christian faith. The teachings are highlighted as meaningful and significant, emphasizing the importance of connection within the community.
Overall, supporters commend the seminary for its dedication to preserving cultural heritage and spirituality, suggesting that it successfully meets the needs of those looking to deepen their understanding of their faith and traditions.
This AI summary has been generated from reviews found on Facebook.
Is St Nersess Armenian Seminary Inc legitimate?
St Nersess Armenian Seminary Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Nersess Armenian Seminary 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: $119,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.stnersess.edu
What is the mission statement of St Nersess Armenian Seminary Inc?
St. Nersess Armenian Seminary Inc's mission lies in the education of seminarians and offering courses of study for various other groups. They provide essential living facilities, including room and board, for these individuals as they prepare to join the clergy. The organization's primary goal is to nurture and educate future religious leaders, ensuring they are well-equipped to serve their communities. The seminary also offers courses to other groups, contributing to the broader religious community's growth and development.
Official website here: www.stnersess.edu
Who is the CEO of St Nersess Armenian Seminary Inc?
Rt Rev Mesrob Parsamyan is the Principal Officer of St Nersess Armenian Seminary Inc.
Official website here: www.stnersess.edu
What is the revenue of St Nersess Armenian Seminary Inc?
St Nersess Armenian Seminary Inc's revenue in 2022 was $2,109,997.
Official website here: www.stnersess.edu
Who are the executives of St Nersess Armenian Seminary Inc and what are their salaries?
The average compensation at St Nersess Armenian Seminary Inc during 2022 was $14,878. There are 8 employees and 20 volunteers at St Nersess Armenian Seminary Inc.
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Official website here: www.stnersess.edu
Where can I find the form 990 for St Nersess Armenian Seminary Inc?
St Nersess Armenian Seminary Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stnersess.edu
Learn more at the official website: www.stnersess.edu
Mission Statement of St Nersess Armenian Seminary Inc
St. Nersess Armenian Seminary Inc is dedicated to providing religious education and courses of study for various groups, with a primary focus on seminarians. This nonprofit organization offers room and board to these aspiring clergy members as they prepare for their future roles. By doing so, St. Nersess Armenian Seminary Inc plays a vital role in nurturing the spiritual growth of its students and contributing to the religious community. The organization's mission is to equip seminarians with the necessary knowledge and skills to become esteemed members of the clergy, ultimately serving their respective communities with integrity and devotion.
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Impact
July, 2024
St Nersess Armenian Seminary Inc's impact is significant in the field of education, particularly in the realm of religious education for seminarians and various other groups. By providing courses of study and offering room and board for seminarians as they prepare to become members of the clergy, the Seminary plays a crucial role in shaping the future leaders of the Armenian community. Through its educational programs and resources, St Nersess Armenian Seminary Inc contributes to the preservation and dissemination of Armenian religious and cultural traditions, ensuring a strong foundation for the community's spiritual growth and continuity.
This information is meant to be a general summary of St Nersess Armenian Seminary 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: $423,973
- Program Service Revenue: $18,386
- Gross Receipts: $2,199,645
Assets and Liabilities:
- Total Assets: $20,129,385
- Total Liabilities: $10,974
- Net Assets: $20,118,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conferences
Revenue
$18,386
Organization Details
Founding Year
1974
Phone
(914) 273-0200Principal Officer
Rt Rev Mesrob Parsamyan
Main Address
486 Bedford Road, Armonk, NY, 105041498
Website
www.stnersess.eduNTEE Category
Code: B50 - Education
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