Civic Intelligence

Sayat Nova Dance Co Inc

EIN 22-2805663 • 501(c)3 • Newton, MA

Profile

Primarily through the art of dance;To foster an atmosphere of friendship among individuals sharing the pride and andomitable spirit of the Armenian people;To furthereducate multicultural awareness whitin all ethnic communities worldwide.

PO Box 490Newton, MA 02458

www.sayatnova.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

9th percentile

-106%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$8,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

22nd percentile

-42%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-24%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$42,701

Down $31,557 (-42%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$42,701

Down $31,557 (-42%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin9th percentile

Revenue

Down

$29,693

Down $9,542 (-24%) from 2023

Expenses

Down

$61,250

Down $6,874 (-10%) from 2023

Net Income

Down

-$31,557

Down $2,668 (-9.2%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $41,241Liabilities 2010: $0Net Assets 2010: $41,2412010Assets 2011: $42,551Liabilities 2011: $0Net Assets 2011: $42,5512011Assets 2012: $41,637Liabilities 2012: $0Net Assets 2012: $41,6372012Assets 2013: $63,213Liabilities 2013: $0Net Assets 2013: $63,2132013Assets 2014: $57,593Liabilities 2014: $0Net Assets 2014: $57,5932014Assets 2015: $44,282Liabilities 2015: $0Net Assets 2015: $44,2822015Assets 2016: $5,314Liabilities 2016: $0Net Assets 2016: $5,3142016Assets 2017: $126,324Liabilities 2017: $0Net Assets 2017: $126,3242017Assets 2018: $144,383Liabilities 2018: $0Net Assets 2018: $144,3832018Assets 2019: $99,071Liabilities 2019: $0Net Assets 2019: $99,0712019Assets 2020: $88,553Liabilities 2020: $0Net Assets 2020: $88,5532020Assets 2021: $42,323Liabilities 2021: $0Net Assets 2021: $42,3232021Assets 2022: $103,146Liabilities 2022: $0Net Assets 2022: $103,1462022Assets 2023: $74,258Liabilities 2023: $0Net Assets 2023: $74,2582023Assets 2024: $42,701Liabilities 2024: $0Net Assets 2024: $42,7012024

Highlighted filing

2024

Assets$42,701
Liabilities$0
Net Assets$42,701
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $34,460Expenses 2010: $30,331Net Income 2010: $4,1292010Revenue 2011: $98,003Expenses 2011: $96,693Net Income 2011: $1,3102011Revenue 2012: $74,723Expenses 2012: $75,637Net Income 2012: -$9142012Revenue 2013: $63,006Expenses 2013: $41,430Net Income 2013: $21,5762013Revenue 2014: $47,331Expenses 2014: $52,951Net Income 2014: -$5,6202014Revenue 2015: $48,926Expenses 2015: $62,237Net Income 2015: -$13,3112015Revenue 2016: $96,255Expenses 2016: $135,223Net Income 2016: -$38,9682016Revenue 2017: $255,975Expenses 2017: $134,964Net Income 2017: $121,0112017Revenue 2018: $127,392Expenses 2018: $109,333Net Income 2018: $18,0592018Revenue 2019: $76,121Expenses 2019: $121,433Net Income 2019: -$45,3122019Revenue 2020: $54,037Expenses 2020: $64,555Net Income 2020: -$10,5182020Revenue 2021: $10,153Expenses 2021: $56,382Net Income 2021: -$46,2292021Revenue 2022: $194,223Expenses 2022: $133,400Net Income 2022: $60,8232022Revenue 2023: $39,235Expenses 2023: $68,124Net Income 2023: -$28,8892023Revenue 2024: $29,693Expenses 2024: $61,250Net Income 2024: -$31,5572024

Highlighted filing

2024

Revenue$29,693
Expenses$61,250
Net Income-$31,557
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,701
Liabilities
$0
Net assets
$42,701
Revenue
$29,693
Expenses
$61,250
Net income
-$31,557
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.30$0.61$0.32
2023Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.39$0.68$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$1.94$1.33$0.61
2021Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.10$0.56$0.46
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.54$0.65$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.76$1.21$0.45
2018Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$1.27$1.09$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$2.56$1.35$1.21
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.96$1.35$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.49$0.62$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.47$0.53$0.06
2013Summary only. Only limited summary data is available for this year.$0.63$0.00$0.63$0.63$0.41$0.22
2012Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$0.75$0.76$0.01
2011Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$0.98$0.97$0.01
2010Summary only. Only limited summary data is available for this year.$0.41$0.00$0.41$0.34$0.30$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$29,693
Mission and Program Overview

Mission

Primarily through the art of dance;To foster an atmosphere of friendship among individuals sharing the pride and andomitable spirit of the Armenian people;To furthereducate multicultural awareness whitin all ethnic communities worldwide.

The Sayat Nova Dance Company's mission is to preserve and promote the Armenian culture,primarily through the art of dance;To foster an atmosphere of friendship among individualssharing the pride and indomitable spirit of the Armenian people;To further educatemulticultural awareness whitin all ethnic communities worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,737$21,973▼ $31,764
Savings and Temporary Cash Investments$20,521$20,728▲ $207
Total Assets$74,258$42,701▼ $31,557
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,258$42,701▼ $31,557
Total Net Assets Fund Balance$74,258$42,701▼ $31,557
Total Liabilities and Net Assets / Fund Balance$74,258$42,701▼ $31,557
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Apo AshjianOfficerPT$8,000$8,000

Board Members and Trustees

NameTitle
Garen AvetissyanPresident
Alina AshjianOfficer
Arlet AshjianOfficer
Hagop AshjianOfficer
Nairi KeverianOfficer
Sona AshjianOfficer
Sophia ShahverdianOfficer
Viken KaraguesianOfficer
Sophia KaraguesianOfficer-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,700
Program Service Revenue
$7,050
Investment Income
$207
Other Revenue
$1,736
All Other Contributions
$14,600
Change in Net Assets
$-31,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,250
Salaries, Compensation, and Employee Benefits$8,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$48,041--$48,041
Current Officers, Directors, Trustees, and Key Employees$8,000--$8,000
Insurance$822$790-$1,612
Fees for Services Accounting-$600-$600
Other Expenses$494$930-$494
Office Expenses-$455-$455
Total Functional Expenses$57,357$3,893$0$61,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,736
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The financial statements are reviewed by the governing body and then the tax form 990 is prepared and given back to chairman who reviews the return with governing body and then sign and mail return.”

Form 990, Part VI, Section C, line 19

“Upon request by members and interested parties.”

Filing and Contact Details

Filer

Filer Name
Sayat Nova Dance Co Inc
EIN
22-2805663
Phone
6179234455
Address
PO BOX 490, NEWTON, MA 02458

Signing Officer

Name
Sophia Karaguesian
Title
Treasurer
Phone
6179624657
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sophia Karaguesian
Formed
1985
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Z & L Associates Inc
Address
2440 Massachusetts Avenue Suite 15, Cambridge, MA 02140
Preparer
Zareh Orchanian
Phone
6173540010
Raw XML Appendix368 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01051
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt08786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt081455
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt039286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0129527
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0202
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0637
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02301
IRS990ScheduleA/InvestmentIncomeCYPct00.00770
IRS990ScheduleA/InvestmentIncomePYPct00.00890
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99230
IRS990ScheduleA/PublicSupportPY509Pct00.99110
IRS990ScheduleA/PublicSupportTotal509Amt0297027
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt025886
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt035906
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0172733
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt09516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt052986
IRS990ScheduleA/Total509Grp/TotalAmt0297027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt026093
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt036110
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0172935
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt010153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt054037
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0299328
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The financial statements are reviewed by the governing body and then the tax form 990 is prepared and given back to chairman who reviews the return with governing body and then sign and mail return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request by members and interested parties.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt074258
IRS990/TotalAssetsEOYAmt042701
IRS990/TotalAssetsGrp/BOYAmt074258
IRS990/TotalAssetsGrp/EOYAmt042701
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt020700
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03893
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt057357
IRS990/TotalFunctionalExpensesGrp/TotalAmt061250
IRS990/TotalGrossUBIAmt0207
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074258
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt042701
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt057357
IRS990/TotalProgramServiceRevenueAmt07050
IRS990/TotalReportableCompFromOrgAmt08000
IRS990/TotalRevenueGrp/ExclusionAmt01736
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07050
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt029693
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0207
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt074258
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042701
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt028 PUTNAM STREET
IRS990/USAddress/CityNm0WATERTOWN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002472
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.sayatnova.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SOPHIA KARAGUESIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06179624657
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAYAT NOVA DANCE CO INC
ReturnHeader/Filer/BusinessNameControlTxt0SAYA
ReturnHeader/Filer/EIN0222805663
ReturnHeader/Filer/PhoneNum06179234455
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 490
ReturnHeader/Filer/USAddress/CityNm0NEWTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002458
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043205321
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Z & L ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02440 Massachusetts Avenue Suite 15
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cambridge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002140
ReturnHeader/PreparerPersonGrp/PhoneNum06173540010
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ZAREH ORCHANIAN
ReturnHeader/ReturnTs02025-11-05T08:55:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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