Overview
What is Armenian Cultural Foundation?
The Armenian Cultural Foundation is a nonprofit organization situated in Glendale, California, with an address at 104 North Belmont 300, CA 91206. Their primary focus is on the dissemination and promotion of Armenian culture and education. They strive to establish educational and cultural centers that cater to the needs of the Armenian community, aiming to preserve and foster their culture. This is accomplished through the printing and distribution of relevant information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (47%)
The Armenian Cultural Foundation has received a Zero-Star out of Four Star rating on Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board with 100% of its members being independent, there are critical shortcomings in financial transparency and governance policies, including missing conflict of interest and whistleblower policies.
The organization has a relatively high program expense ratio of 79.80%, suggesting that a substantial portion of its expenditures is directed towards its programs. However, the lack of accessible financial statements and the existence of a material diversion of assets raise red flags about its operational integrity. Additionally, the absence of key documents on its website further undermines trust in the organization.
Overall, the Armenian Cultural Foundation demonstrates strengths in board independence and program spending but faces significant challenges in accountability and financial management. The combination of these factors leads to a concerning evaluation of the nonprofit’s overall performance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Armenian Cultural Foundation legitimate?
Armenian Cultural Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armenian Cultural Foundation 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.
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Professional Fundraising Fees: $0
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What is the mission statement of Armenian Cultural Foundation?
The Armenian Cultural Foundation's mission is centered around establishing educational and cultural centers, catering specifically to the Armenian community. This organization is dedicated to preserving and promoting Armenian culture through various means. In addition to their primary goal, they also engage in the distribution and dissemination of Armenian cultural and educational information.
Who is the CEO of Armenian Cultural Foundation?
Avedik Izmirlian is the Ceo of Armenian Cultural Foundation. The CEO's salary of Armenian Cultural Foundation is $0 and their total compensation is $0.
What is the revenue of Armenian Cultural Foundation?
Armenian Cultural Foundation's revenue in 2022 was $1,305,520.
Who are the executives of Armenian Cultural Foundation and what are their salaries?
There 400 volunteers at Armenian Cultural Foundation.
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Where can I find the form 990 for Armenian Cultural Foundation?
Armenian Cultural Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Armenian Cultural Foundation
The Armenian Cultural Foundation is dedicated to serving the Armenian community by establishing educational and cultural centers. Its primary mission is to preserve and promote Armenian culture, fostering a sense of identity and pride among its people. The foundation achieves this goal by distributing information related to Armenian culture and education, ensuring that the Armenian community has access to valuable resources. By establishing centers, the foundation provides a platform for cultural exchange, education, and community engagement, allowing the Armenian people to connect with their heritage and traditions.
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Impact
July, 2024
The Armenian Cultural Foundation's impact can be seen in its efforts to establish educational and cultural centers for the Armenian people and their culture. Through initiatives such as printing and distributing Armenian cultural and educational information, the foundation helps to preserve and promote Armenian heritage. By focusing on the arts and providing resources for the Armenian community in Glendale, California, the foundation plays a significant role in preserving and celebrating Armenian culture for future generations.
This information is meant to be a general summary of Armenian Cultural Foundation. 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: $4,744
- Gross Receipts: $1,717,120
Assets and Liabilities:
- Total Assets: $13,600,856
- Total Liabilities: $8,094,416
- Net Assets: $5,506,440
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Organization Details
Phone
(818) 243-1890Principal Officer
Avedik Izmirlian
Main Address
104 NORTH BELMONT 300, GLENDALE, CA, 91206
NTEE Category
Code: A230 - Arts
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