Overview
What is Creative Armenia?
Creative Armenia is a public charity based in Los Angeles, California, with a single employee. Their primary mission is to support and develop emerging artistic talent, with a special focus on Armenian culture. They achieve this through various programs, such as creative challenges, production support, artist promotion, and fellowships. The CA-AGBU Fellowships, an annual program, offers funding, mentorship, and promotion to innovative artists across various fields. Overall, Creative Armenia serves to encourage and nurture creativity in film, music, and the arts.
Official website here: www.creativearmenia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Creative Armenia has received a two-star rating, indicating that while the organization shows strengths in certain areas, there are significant concerns regarding its overall governance and operational transparency. Notably, it boasts a perfect score in Accountability & Finance, which suggests strong financial management practices, including a high program expense ratio of 90%. This indicates that a substantial portion of its expenditures is directed towards its programs, reflecting a commitment to its mission.
However, the organization faces challenges in governance. While it has a majority independent board, the independent board size is critically low, with only two independent members. Additionally, Creative Armenia's lack of a whistleblower policy and document retention policy detracts from its accountability framework. The absence of its tax form on the website also raises concerns about transparency, as it is an important document for stakeholders to review.
In summary, while Creative Armenia demonstrates robust financial management, the organization needs to address its governance practices to enhance its accountability and transparency. Improvements in these areas could significantly strengthen its rating and build greater trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Creative Armenia legitimate?
Creative Armenia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Creative Armenia 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: $97,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.creativearmenia.org
What is the mission statement of Creative Armenia?
Creative Armenia is a public charity with a mandate to discover, develop, and promote creative talent across various arts. With a special focus on Armenian culture, the organization achieves this goal through various programs such as creative challenges, production support, artist promotion, and fellowships. One of their notable initiatives is the CA-AGBU Fellowships, an annual program that offers funding, mentorship, and promotion to innovative artists across all fields. Overall, Creative Armenia aims to encourage and develop emerging talent in film, music, and the arts, fostering creativity and cultural growth.
Official website here: www.creativearmenia.org
Who is the CEO of Creative Armenia?
Garin Hovannisian is the President of Creative Armenia.
Official website here: www.creativearmenia.org
What is the revenue of Creative Armenia?
Creative Armenia's revenue in 2022 was $211,626.
Official website here: www.creativearmenia.org
Who are the executives of Creative Armenia and what are their salaries?
The average compensation at Creative Armenia during 2022 was $97,500. There is 1 employee and 2 volunteers at Creative Armenia.
Here are 3 key members and their salaries:
- Compensation: $97,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.creativearmenia.org
Where can I find the form 990 for Creative Armenia?
Creative Armenia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.creativearmenia.org
Learn more at the official website: www.creativearmenia.org
Mission Statement of Creative Armenia
Creative Armenia, a public charity, is committed to discovering, developing, and promoting creative talent across various arts. With a particular focus on Armenian culture, the organization achieves its mission through a variety of programs. These include creative challenges, production support, artist promotion, and fellowships. The fellowships, specifically, are an annual opportunity that provides funding, mentorship, and promotion to innovative artists across all fields. By fostering emerging talent and encouraging creativity, Creative Armenia aims to contribute positively to the arts and Armenian culture.
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Impact
October, 2024
Creative Armenia has a profound impact on the artistic landscape by providing essential support to creative artists and nurturing emerging talent across various artistic disciplines, including film and music. Through initiatives like the CA-AGBU Fellowships, it offers a robust package of funding, mentorship, and promotional opportunities, empowering innovative artists to realize their visions and reach wider audiences.
By focusing on Armenian culture, Creative Armenia not only champions individual artists but also plays a crucial role in preserving and promoting cultural heritage. Its diverse programs, including creative challenges and production support, foster a vibrant community of artists who contribute to the rich tapestry of global arts. The organization serves as a catalyst for creativity, facilitating collaboration and encouraging new artistic expressions that resonate not only in the Armenian community but also on an international scale.
This information is meant to be a general summary of Creative Armenia. 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.
- Gross Receipts: $211,626
Assets and Liabilities:
- Total Assets: $309,256
- Total Liabilities: $2,592
- Net Assets: $306,664
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Organization Details
Founding Year
2016
Phone
(310) 933-1034Principal Officer
Garin Hovannisian
Main Address
101 GROVERTON PLACE, LOS ANGELES, CA, 90077
Website
www.creativearmenia.orgNTEE Category
Code: Q21 - International
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