Civic Intelligence

Armenian Students Association of Americ

990 • Fiscal year 2019 • EIN 22-6054952

May 01, 2018 to Apr 30, 2019 • Filed on Mar 04, 2020

333 Atlantic AvenueWarwick, RI 02888

(401) 461-6114

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

48th percentile

2.4%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

4.7%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,373,312

Up $56,294 (+2.4%) from 2018

Net Assets

Up

$2,360,402

Up $55,329 (+2.4%) from 2018

Liabilities

Up

$12,910

Up $965 (+8.1%) from 2018

Revenue

Up

$248,724

Up $11,182 (+4.7%) from 2018

Expenses

Up

$157,491

Up $13,982 (+9.7%) from 2018

Net Income

Down

$91,233

Down $2,800 (-3.0%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,380,021Liabilities 2010: $5,699Net Assets 2010: $1,374,3222010Assets 2011: $1,504,698Liabilities 2011: $7,017Net Assets 2011: $1,497,6812011Assets 2012: $1,536,023Liabilities 2012: $7,676Net Assets 2012: $1,528,3472012Assets 2013: $1,706,092Liabilities 2013: $6,803Net Assets 2013: $1,699,2892013Assets 2014: $1,793,076Liabilities 2014: $8,107Net Assets 2014: $1,784,9692014Assets 2015: $1,865,787Liabilities 2015: $8,555Net Assets 2015: $1,857,2322015Assets 2016: $2,123,960Liabilities 2016: $9,641Net Assets 2016: $2,114,3192016Assets 2017: $2,270,163Liabilities 2017: $10,655Net Assets 2017: $2,259,5082017Assets 2018: $2,317,018Liabilities 2018: $11,945Net Assets 2018: $2,305,0732018Assets 2019: $2,373,312Liabilities 2019: $12,910Net Assets 2019: $2,360,4022019Assets 2020: $2,154,353Liabilities 2020: $14,575Net Assets 2020: $2,139,7782020Assets 2021: $2,670,152Liabilities 2021: $209Net Assets 2021: $2,669,9432021Assets 2022: $2,458,685Liabilities 2022: $0Net Assets 2022: $2,458,6852022Assets 2023: $2,307,991Liabilities 2023: $18,646Net Assets 2023: $2,289,3452023Assets 2024: $2,391,795Liabilities 2024: $0Net Assets 2024: $2,391,7952024Assets 2025: $2,422,401Liabilities 2025: $2,205Net Assets 2025: $2,420,1962025

Highlighted filing

2019

Assets$2,373,312
Liabilities$12,910
Net Assets$2,360,402

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $109,4312010Expenses 2011: $101,5542011Expenses 2012: $102,5412012Expenses 2013: $116,7972013Revenue 2014: $171,090Expenses 2014: $118,777Net Income 2014: $52,3132014Revenue 2015: $267,337Expenses 2015: $118,978Net Income 2015: $148,3592015Revenue 2016: $522,491Expenses 2016: $127,313Net Income 2016: $395,1782016Revenue 2017: $232,310Expenses 2017: $146,608Net Income 2017: $85,7022017Revenue 2018: $237,542Expenses 2018: $143,509Net Income 2018: $94,0332018Revenue 2019: $248,724Expenses 2019: $157,491Net Income 2019: $91,2332019Revenue 2020: $219,400Expenses 2020: $181,289Net Income 2020: $38,1112020Revenue 2021: $236,825Expenses 2021: $194,971Net Income 2021: $41,8542021Revenue 2022: $357,554Expenses 2022: $205,313Net Income 2022: $152,2412022Revenue 2023: $179,771Expenses 2023: $221,987Net Income 2023: -$42,2162023Revenue 2024: $195,918Expenses 2024: $205,201Net Income 2024: -$9,2832024Revenue 2025: $168,465Expenses 2025: $196,148Net Income 2025: -$27,6832025

Highlighted filing

2019

Revenue$248,724
Expenses$157,491
Net Income$91,233
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Mar 4, 2020
Return Version
2018v3.1
Gross Receipts
$680,742
Mission and Program Overview

Mission

To provide educational scholarships/grants to eligible students meeting the criteria of the association's by-laws.

To provide educational scholarships/grants to eligible students meeting the criteria of the association's by-laws

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,208,574$2,246,171▲ $37,597
Cash and Non-Interest-Bearing Accounts$79,612$100,157▲ $20,545
Savings and Temporary Cash Investments$26,088$24,881▼ $1,207
Prepaid Expenses and Deferred Charges$2,744$2,103▼ $641
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,317,018$2,373,312▲ $56,294
Liabilities
Accounts Payable and Accrued Expenses$11,945$12,910▲ $965
Total Liabilities$11,945$12,910▲ $965
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,161,285$2,176,416▲ $15,131
Temporarily Rstr Net Assets$312,007$349,310▲ $37,303
Unrestricted Net Assets$-168,219$-165,324▲ $2,895
Total Net Assets Fund Balance$2,305,073$2,360,402▲ $55,329
Total Liabilities and Net Assets / Fund Balance$2,317,018$2,373,312▲ $56,294

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,500$1,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,161,285$51,035▼ $35,904-$2,176,416
2017$2,158,253$51,500▼ $48,468-$2,161,285
2016$2,046,278$52,490▲ $59,485-$2,158,253
2015$1,819,305$365,064▼ $138,091-$2,046,278
2014$1,841,090$54,311▼ $76,096-$1,819,305
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$91,703
Program Service Revenue
$0
Investment Income
$157,301
Other Revenue
$-280
All Other Contributions
$91,218
Change in Net Assets
$91,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$107,925
Other Expenses$33,788
Salaries, Compensation, and Employee Benefits$15,778
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$107,925--$107,925
Other Salaries and Wages-$14,507-$14,507
Fees for Services Accounting-$13,416-$13,416
Occupancy-$12,427-$12,427
Office Expenses-$3,191-$3,191
Insurance-$1,749-$1,749
Payroll Taxes-$1,271-$1,271
Advertising-$630-$630
Information Technology-$453-$453
Other Expenses-$240-$240
All Other Expenses-$87-$87
Fees for Services Legal-$22-$22
Total Functional Expenses$107,925$49,566$0$157,491
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,060
Fundraising Gross Income$1,132
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
Yes
Audit committee
Yes
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

Reviewed by gregory arzoomanian, treasurer

Form 990, Part VI, Section C, Line 19

Form 1023 and form 990 are available upon request, no other documents available to public

Filing and Contact Details

Filer

Filer Name
ARMENIAN STUDENTS' ASSOCIATION
EIN
22-6054952
Phone
4014616114
Address
333 ATLANTIC AVENUE, WARWICK, RI 02888

Signing Officer

Name
Gregory Arzoomanian
Title
Treasurer
Phone
4014548736
Signed
2020-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Arzoomanian
Formed
1910
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
9

Preparer

Firm
Disanto Priest & Co
Address
117 METRO CENTER BOULEVARD 3000, WARWICK, RI 02886
Preparer
Steven Zaroogian CPA
Phone
4019212000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

All products reviewed by gregory arzoomanian, treasurer

Raw XML AppendixShowing 400 of 442 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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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026088
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024881
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2014 AMOUNT: $ 1,120. 2015 AMOUNT: $ 760. 2016 AMOUNT: $ 678. 2017 AMOUNT: $ 693. 2018 AMOUNT: $ 645.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt091703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt079375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt082484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0397126
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt092940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0743628
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0131149
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0109035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt089258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0101788
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt089199
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0520429
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0645
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0693
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0678
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0760
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01120
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03896
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58650
IRS990ScheduleA/PublicSupportPY170Pct00.61160
IRS990ScheduleA/PublicSupportTotal170Amt0743628
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt091703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt079375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt082484
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0397126
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt092940
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0743628
IRS990ScheduleA/TotalSupportAmt01267953
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02161285
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt051035
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02176416
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-35904
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02158253
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt051500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02161285
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-48468
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02046278
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt052490
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02158253
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059485
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01819305
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0365064
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02046278
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-138091
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01841090
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt054311
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01819305
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-76096
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01500
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0107925
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt047
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY GREGORY ARZOOMANIAN, TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST, NO OTHER DOCUMENTS AVAILABLE TO PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PRODUCTS REVIEWED BY GREGORY ARZOOMANIAN, TREASURER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0312007
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0349310
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02317018
IRS990/TotalAssetsEOYAmt02373312
IRS990/TotalAssetsGrp/BOYAmt02317018
IRS990/TotalAssetsGrp/EOYAmt02373312
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt091703
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049566
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107925
IRS990/TotalFunctionalExpensesGrp/TotalAmt0157491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011945
IRS990/TotalLiabilitiesEOYAmt012910
IRS990/TotalLiabilitiesGrp/BOYAmt011945
IRS990/TotalLiabilitiesGrp/EOYAmt012910
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02305073
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02360402
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0107925
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0130221
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026800
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0248724
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02317018
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02373312
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-168219
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-165324
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0333 ATLANTIC AVENUE
IRS990/USAddress/CityNm0WARWICK

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.17$0.20$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.20$0.21$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.31$0.02$2.29$0.18$0.22$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.46$0.00$2.46$0.36$0.21$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.24$0.19$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.01$2.14$0.22$0.18$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.36$0.25$0.16$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.32$0.01$2.31$0.24$0.14$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.01$2.26$0.23$0.15$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.12$0.01$2.11$0.52$0.13$0.40
2015Detailed filing. Detailed filing data is available for this year.$1.87$0.01$1.86$0.27$0.12$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.01$1.78$0.17$0.12$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.01$1.70$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.01$1.53$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.01$1.50$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.01$1.37$0.11