TEKEYAN CULTURAL ASSOCIATION INC

EIN: 237055686 501(c)(3) Arts, Culture & Humanities

WATERTOWN, MA

Total Revenue
$1,374,619
Total Expenses
$2,092,306
Total Assets
$18,189,264
Net Assets
$17,766,501
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MA
Principal Officer
KEVORK MARACHELIAN
Phone
6173590413
Tax Period
2023-01-01 to 2023-12-31

TEKEYAN CULTURAL ASSOCIATION INC, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 52% operating deficit.

Mission

TO ASSIST SCHOOLS AND OTHER INSTITUTIONS OF LEARNING ENGAGED IN TEACHING ARMENIAN LANGUAGE, RELIGION, HISTORY, MUSIC, OR OTHER ARTS AND SCIENCES, TO SPONSOR CULTURAL EVENTS AND PROJECTS, TO PROVIDE SCHOLARSHIP AND AID TO STUDENTS PREPARING TO BE TEACHERS OF ARMENIAN STUDIES OR CLERGY OF THE ARMENIAN CHURCH, TO PROMOTE CULTURAL AND CIVIC PROJECTS AMONG THE YOUTH, TO TRANSLATE ARMENIAN LITERARY AND HISTORICAL WORKS INTO ENGLISH AND OTHER LANGUAGES, TO ASSIST ARMENIAN AUTHORS, EDITORS, SCHOLARS, MUSICIANS, AND INSTRUCTORS IN THEIR CULTURAL ENDEAVORS AND, IF IN NEED, TO PROVIDE FOR THEIR WELFARE.

Program Service Accomplishments

Program 1
Expenses: $119,177 Revenue: $8,250

NEWSPAPER AND OTHER PUBLICATIONS

Program 2
Expenses: $254,402 Revenue: $181,730

CULTURAL EVENTS

Program 3
Revenue: $69,479

MISCELLANEOUS OTHER INCOME RELATED TO THE ASSOCIATION'S EXEMPT FUNCTION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $679,437
Program Service Revenue $259,459
Investment Income $342,238
Other Revenue $93,485
TOTAL REVENUE $1,374,619

Expense Breakdown

Grants Paid $1,192,789
Salaries & Benefits $326,887
Fundraising Expenses $7,346
Program Expenses $1,566,368
Other Expenses $572,630
TOTAL EXPENSES $2,092,306

Year-over-Year Comparison

2023 2022 Change
Revenue $1,374,619 $2,367,555 -0.4%
Expenses $2,092,306 $1,610,587 +0.3%
Net Income $-717,687 $756,968 -1.9%
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
12
Independent Members
12
Employees
3
Volunteers
N/A

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
7
$65,000
Total Directors
12
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARSHAVIR GUNDJIAN PRESIDENT 1.00
Officer Director
$0 $0 $0
HARGOP VARTIVARIAN SECRETARY 40.00
Officer Director
$65,000 $0 $65,000
MIHRAN TOUMAJAN ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
MARO BEDROSIAN TREASURER 1.00
Officer Director
$0 $0 $0
VATCHE SEMERDJIAN ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
KEVORK MARACHELIAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CARL BARDAKIAN MEMBER 1.00
Director
$0 $0 $0
ARTO MANOUKIAN MEMBER 1.00
Director
$0 $0 $0
HILDA HAROUTUNIAN MEMBER 1.00
Director
$0 $0 $0
MIHRAN MINASSIAN MEMBER 1.00
Director
$0 $0 $0
HRATCH TORIKIAN MEMBER 1.00
Director
$0 $0 $0
ARA TCHOLAKIAN ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $1,374,619 $2,092,306 $18,189,264 $-717,687
2022 $2,367,555 $1,610,587 $18,159,425 $756,968
2021 $1,921,757 $1,416,681 $21,518,736 $505,076
2020 $2,324,648 $1,322,722 $18,870,862 $1,001,926
2019 $1,006,998 $1,360,356 $17,447,872 $-353,358
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