CULTURAL SOCIETY OF ARMENIANS FROM ISTANBUL

EIN: 386147534 501(c)(3) Arts, Culture & Humanities

Southfield, MI

Total Revenue
$68,321
Total Expenses
$66,581
Total Assets
$811,128
Net Assets
$811,128
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
MI
Principal Officer
Vahe Akaraz
Phone
2482522762
Tax Period
2024-05-01 to 2025-04-30

CULTURAL SOCIETY OF ARMENIANS FROM ISTANBUL, founded in 1964, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $811K represent 142 months of operating reserves.

Mission

provide assistance for Armenian cultural and educational activities for individuals and organizations, both in the U.S. and abroad

Program Service Accomplishments

Program 1
Expenses: $35,000 Revenue: $0

Donated 35,000 dollars to the Paros Foundation, Berkley California.

Program 2
Expenses: $10,000 Revenue: $0

Donated 10,000 dollars to AGBU Alex and Marie Manoogian School in Southfield, Michigan.

Program 3
Expenses: $2,000 Revenue: $0

Donated 2,000 dollars to the Education Fund for University of Michigan-Ann Arbor, and University of Michigan-Dearborn.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,321
Program Service Revenue $0
Investment Income $50,000
Other Revenue $0
TOTAL REVENUE $68,321

Expense Breakdown

Grants Paid $49,200
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $66,581
Other Expenses $17,381
TOTAL EXPENSES $66,581

Year-over-Year Comparison

2024 2023 Change
Revenue $68,321 $111,466 -0.4%
Expenses $66,581 $116,201 -0.4%
Net Income $1,740 $-4,735 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vahe Akaraz President 0
Officer
$0 $0 $0
Sona Lacinian Vice President 0
Officer
$0 $0 $0
Nubar Terzian Advisor 0
Officer
$0 $0 $0
Steve Kalfayan Co-Treasurer 0
Officer
$0 $0 $0
Arthur Koncagul Co-Treasurer 0
Officer
$0 $0 $0
Silva Sagherian Advisor 0
Officer
$0 $0 $0
Rita Akaraz-Avedisian Advisor 0
Officer
$0 $0 $0
Michael Kalfayan Advisor 0
Officer
$0 $0 $0
Greg Akaraz Advisor 0
Officer
$0 $0 $0
Linda Kalfayan Secretary 0
Officer
$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
2025 $68,321 $66,581 $811,128 $1,740
2024 $111,466 $116,201 $806,477 $-4,735
2023 $41,880 $38,580 $809,820 $3,300
2022 $53,930 $47,592 $806,160 $6,338
2021 $52,112 $52,112 $873,591 No data
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