National Association for Armenian Studies and Research Inc

EIN: 042215574 501(c)(3)

Belmont, MA

Total Revenue
$808,572
Total Expenses
$990,215
Total Assets
$11,320,406
Net Assets
$11,301,209
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MA
Principal Officer
Ara N Araz
Phone
6174891610
Tax Period
2024-01-01 to 2024-12-31

National Association for Armenian Studies and Research Inc, founded in 1955, is a small nonprofit that reported $809K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $990K exceeded revenue, resulting in a 22% operating deficit.

Mission

Founded in 1955, the National Association for Armenian Studies and Research (NAASR) is an independent non-profit membership organization, and one of the world's leading Armenian Studies centers and rare book libraries. NAASR advances Armenian Studies through research and scholarship, offers high-quality educational public programming, and supports and connects scholars of Armenian Studies worldwide with each other and a broad general public to build a global community, expand horizons, and preserve and enrich Armenian culture, history, and identity for future generations.

Program Service Accomplishments

Program 1
Expenses: $703,049 Revenue: $20,014

Founded in 1955, the National Association for Armenian Studies and Research (NAASR) is an independent non-profit membership organization, and one of the world's leading Armenian Studies centers and...

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Founded in 1955, the National Association for Armenian Studies and Research (NAASR) is an independent non-profit membership organization, and one of the world's leading Armenian Studies centers and research libraries on Armenian and related subjects. NAASR advances Armenian Studies through research and scholarship, offers high-quality educational public programming, and supports and connects scholars of Armenian Studies worldwide with each other and a broad general public.NAASR's Mardigian Library is used primarily by scholars and independent researchers (whether in person or remotely requesting scanned materials or references), university students, high school students, and the general public. The entire library's collections are available free of charge for research and reference purposes, or simply for browsing, and receives on average 100-150 requests/visits per year. Since the library catalog is fully accessible online, requests come from around the world.The library holds more than 38,000 books and holdings dating to the 1600s, and periodicals dating to the 1800s. Materials in the collection are primarily written in Armenian and English, but important publications in Turkish, Farsi, Russian, French, German, Arabic and other languages are also represented. Through the years, numerous significant and valuable collections have been donated to NAASR including special collections, personal archives and papers from over 25 prominent scholars, genocide survivors, religious figures, and early immigrants to the U.S.In 2024, NAASR hosted and sponsored over 60 events, including 8 major conferences and symposia at venues such as Harvard, UCLA, the University of Paris, and the Armenian Genocide Museum-Institute in Yerevan.NAASR's programs reach a growing global audience through live-streamed and hybrid formats, with over 21,000 views on YouTube in 2024.NAASR is home to the largest English-language bookstore on Armenian topics, offering over 2,000 titles for in-person or online shoppers.NAASR supports scholars worldwide through research and assistance. In 2024, more than 40 grants were approved for support by NAASR and the Knights of Vartan Fund for Armenian Studies.NAASR's members include scholars, students, researchers, and members of the general public. NAASR collaborates with a myriad of non-profit organizations and universities throughout the world.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $548,197
Program Service Revenue $4,393
Investment Income $240,361
Other Revenue $15,621
TOTAL REVENUE $808,572

Expense Breakdown

Grants Paid $101,669
Salaries & Benefits $421,913
Fundraising Expenses $74,138
Program Expenses $703,049
Other Expenses $466,633
TOTAL EXPENSES $990,215

Year-over-Year Comparison

2024 2023 Change
Revenue $808,572 $1,182,415 -0.3%
Expenses $990,215 $947,629 +0.0%
Net Income $-181,643 $234,786 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
27
Employees
11
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$99,029
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ara N Araz Chairperson 10.00
Officer Director
$0 $0 $0
Dr Henry C Theriault Vice Chairperson eff. 11/24 10.00
Officer Director
$0 $0 $0
Margaret Mgrublian Vice Chairperson until 11/24 5.00
Officer Director
$0 $0 $0
Brian Ansbigian Treasurer eff. 11/24 10.00
Officer Director
$0 $0 $0
Bruce W Roat Treasurer until 11/24 5.00
Officer Director
$0 $0 $0
Jirair Balayan Secretary eff. 6/24 2.00
Officer Director
$0 $0 $0
Arlene Saryan Alexander Secretary until 6/24 5.00
Officer Director
$0 $0 $0
Nancy R Kolligian Advisor 5.00
Officer Director
$0 $0 $0
Mark Momjian Advisor 5.00
Officer Director
$0 $0 $0
Dr Nick Akgulian Director 2.00
Director
$0 $0 $0
Ara Arakelian Director eff. 11/24 2.00
Director
$0 $0 $0
Mihran Aroian Director 2.00
Director
$0 $0 $0
Dr Susan E Barba Director 2.00
Director
$0 $0 $0
Roupen Berberian Director until 11/24 2.00
Director
$0 $0 $0
Michael Bobelian Director 2.00
Director
$0 $0 $0
Houry Boyamian Director eff. 11/24 2.00
Director
$0 $0 $0
Dr Sharon Chekijian Director 2.00
Director
$0 $0 $0
Ani Hovannisian Director 2.00
Director
$0 $0 $0
Dr Susan Jerian Director eff. 11/24 2.00
Director
$0 $0 $0
Dr Gregory Ketabgian Director 2.00
Director
$0 $0 $0
Joan E Kolligian Director 2.00
Director
$0 $0 $0
Nancy Kricorian Director 2.00
Director
$0 $0 $0
Stephen A Kurkjian Director 2.00
Director
$0 $0 $0
Dr Armineh Mirzabegian Director 2.00
Director
$0 $0 $0
Dr Khatchig Mouradian Director 2.00
Director
$0 $0 $0
Dr Anna Ohanyan Director until 11/24 2.00
Director
$0 $0 $0
Gerald Papazian Director 2.00
Director
$0 $0 $0
Dr Mary Papazian Director 2.00
Director
$0 $0 $0
Judith Saryan Director 2.00
Director
$0 $0 $0
Shushan M Teager Director until 11/24 2.00
Director
$0 $0 $0
Silva Sedrakian Executive Director 40.00
Officer
$99,029 $0 $99,029
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $808,572 $990,215 $11,320,406 $-181,643
2023 $1,182,415 $947,629 $11,302,675 $234,786
2022 $1,239,127 $873,381 $10,721,419 $365,746
2021 $1,559,938 $767,881 $10,865,003 $792,057
2020 $446,895 $669,139 $10,313,854 $-222,244
2019 $850,307 $476,330 $10,080,995 $373,977
2018 $1,861,625 $665,230 $6,634,137 $1,196,395
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