AMERICAN UNIVERSITY OF ARMENIA CORPORATION

EIN: 943140704 501(c)(3) Education

OAKLAND, CA

Total Revenue
$18,982,108
Total Expenses
$12,053,520
Total Assets
$172,314,810
Net Assets
$172,256,145
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CA
Principal Officer
DR BRUCE BOGHOSIAN
Phone
5109254282
Tax Period
2024-07-01 to 2025-06-30

AMERICAN UNIVERSITY OF ARMENIA CORPORATION, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $19.0M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.9M, a strong 37% operating margin.

Mission

SUPPORT OF THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE AMERICAN UNIVERSITY OF ARMENIA (AUA).

Program Service Accomplishments

Program 1
Expenses: $10,580,679 Revenue: $124,657

THE AMERICAN UNIVERSITY OF ARMENIA CORPORATION ("AUAC") IS A CALIFORNIA NOT-FOR-PROFIT CORPORATION. AUAC PROVIDES RESOURSES TO THE AMERICAN UNIVERSITY OF ARMENIA FOR EDUCATIONAL PURPOSES INCLUDING...

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THE AMERICAN UNIVERSITY OF ARMENIA CORPORATION ("AUAC") IS A CALIFORNIA NOT-FOR-PROFIT CORPORATION. AUAC PROVIDES RESOURSES TO THE AMERICAN UNIVERSITY OF ARMENIA FOR EDUCATIONAL PURPOSES INCLUDING USE OF SEVERAL PROPERTIES IN ARMENIA OWNED BY AUAC. THE UNIVERSITY IS OPERATED IN YEREVAN ARMENIA BY THE AMERICAN UNIVERSITY OF ARMENIA FUND ("AUAF"), A NON-PROFIT ENTITY ORGANIZED UNDER THE LAWS OF THE REPUBLIC OF ARMENIA. THE PURPOSE OF AUA IS TO PROVIDE UNIVERSITY EDUCATION, RESEARCH AND PUBLIC SERVICE IN ACCORDANCE WITH THE AMERICAN SYSTEM AND STANDARDS OF HIGHER EDUCATION. ENROLLMENT IS OPEN ON A NONDISCRIMINATORY BASIS TO STUDENTS FROM ARMENIA AND OTHER REGIONS OF THE WORLD.

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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 $9,320,515
Program Service Revenue $114,750
Investment Income $9,453,825
Other Revenue $93,018
TOTAL REVENUE $18,982,108

Expense Breakdown

Grants Paid $9,355,990
Salaries & Benefits $1,161,804
Fundraising Expenses $714,189
Program Expenses $10,580,679
Other Expenses $1,535,726
TOTAL EXPENSES $12,053,520

Year-over-Year Comparison

2024 2023 Change
Revenue $18,982,108 $39,080,470 -0.5%
Expenses $12,053,520 $9,066,089 +0.3%
Net Income $6,928,588 $30,014,381 -0.8%
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
31
Independent Members
30
Employees
11
Volunteers
31

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
5
$723,753
Total Directors
34
$510,734
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BRUCE BOGHOSIAN PRESIDENT 30.00
Officer Director
$291,981 $0 $510,734
MS GAYANE KHACHATRYAN VP OF DEVELOPMENT 40.00
Highest
$152,250 $0 $152,250
GEVORG GOYUNYAN CFO/TREASURER 15.00
Officer
$34,424 $0 $132,722
DR CAREN MEGHREBLIAN SECRETARY (THRU 03/25) 20.00
Officer
$80,297 $0 $80,297
LARA MANN SECRETARY (AS OF 04/25) 40.00
Officer
$0 $0 $0
DR LAWRENCE PITTS CHAIRMAN 1.00
Officer Director
$0 $0 $0
PAUL AGBABIAN TRUSTEE 1.00
Director
$0 $0 $0
MR ZAVEN AKIAN TRUSTEE 1.00
Director
$0 $0 $0
MS SUZY MISSIRIAN ANTOUNIAN TRUSTEE 1.00
Director
$0 $0 $0
V ARA APKARIAN TRUSTEE (AS OF 02/25) 1.00
Director
$0 $0 $0
FR MESROP ARAMIAN TRUSTEE 1.00
Director
$0 $0 $0
DR HAROUTUNE ARMENIAN TRUSTEE (THRU 11/24) 1.00
Director
$0 $0 $0
MS CAROL B ASLANIAN TRUSTEE (THRU 11/24) 1.00
Director
$0 $0 $0
CRAIG AVEDISIAN TRUSTEE 1.00
Director
$0 $0 $0
MR HOVHANNES AVOYAN TRUSTEE 1.00
Director
$0 $0 $0
DR GEORGE BLUMENTHAL TRUSTEE 1.00
Director
$0 $0 $0
PAUL BOGHOSIAN TRUSTEE 1.00
Director
$0 $0 $0
JEAN-MANUEL BULLUKIAN TRUSTEE (AS OF 02/25) 1.00
Director
$0 $0 $0
MR YERVANT DEMIRJIAN TRUSTEE 1.00
Director
$0 $0 $0
DAVID ESSAYAN MD TRUSTEE 1.00
Director
$0 $0 $0
DR WILLIAM FRAZER TRUSTEE (THRU 09/24) 1.00
Director
$0 $0 $0
ARDA NAZERIAN HARATUNIAN TRUSTEE 1.00
Director
$0 $0 $0
MR ADAM KABLANIAN TRUSTEE 1.00
Director
$0 $0 $0
DR ANN KARAGOZIAN TRUSTEE 1.00
Director
$0 $0 $0
DR ARMEN DER KIUREGHIAN TRUSTEE 1.00
Director
$0 $0 $0
MR VAHE KUZOYAN TRUSTEE 1.00
Director
$0 $0 $0
MS LORI MUNCHERIAN TRUSTEE 1.00
Director
$0 $0 $0
DR KATHERINE NEWMAN TRUSTEE 1.00
Director
$0 $0 $0
LUSINE POGHOSYAN TRUSTEE (AS OF 02/25) 1.00
Director
$0 $0 $0
MS LENA SARKISSIAN TRUSTEE 1.00
Director
$0 $0 $0
DR BARBARA SAWREY TRUSTEE 1.00
Director
$0 $0 $0
MR BERGE SETRAKIAN ESQ TRUSTEE 1.00
Director
$0 $0 $0
MR SAM SIMONIAN TRUSTEE (AS OF 10/24) 1.00
Director
$0 $0 $0
MR SINAN SINANIAN TRUSTEE 1.00
Director
$0 $0 $0
MR VASKEN YACOUBIAN TRUSTEE 1.00
Director
$0 $0 $0
MS LUCINE YEGHIAZARYAN TRUSTEE 1.00
Director
$0 $0 $0
MS VERONIKA ZONABEND TRUSTEE 1.00
Director
$0 $0 $0
DR YERVANT ZORIAN TRUSTEE 1.00
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
2025 $18,982,108 $12,053,520 $172,314,810 $6,928,588
2024 $39,080,470 $9,066,089 $161,470,393 $30,014,381
2023 $10,350,209 $8,415,178 $122,863,230 $1,935,031
2022 $7,983,121 $5,600,773 $116,830,325 $2,382,348
2021 $16,091,949 $5,028,163 $123,313,905 $11,063,786
2020 $7,623,726 $5,189,565 $91,474,930 $2,434,161
2019 $5,785,319 $5,780,723 $86,880,997 $4,596
2018 $8,083,542 $5,369,494 $83,208,954 $2,714,048
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