Aragats Foundation Inc.

990EZ • Fiscal year 2018 • EIN 47-1254570

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 06, 2019

Organization Profile WWW.ARAGATS.ORG

PO Box 3882Ithaca, NY 14852-3882

(607) 216-8637

Siviq Scores

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

0.00x

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

2018 filings • NTEE A23 • <$500k nonprofits • Source year 2018

0.00x

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

2018 filings • NTEE A23 • <$500k nonprofits • Source year 2018

53%

Higher net margin than 89% of similar nonprofits.

2018 filings • NTEE A23 • <$500k nonprofits • Source year 2018

Higher top officer pay than 86% of similar nonprofits.

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

2018 filings • NTEE A23 • <$500k nonprofits • Source year 2018

4.3%

Faster asset growth than 51% of similar nonprofits.

2018 filings • NTEE A23 • <$500k nonprofits • Annualized from 2017 to 2018

6.6%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • NTEE A23 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets61st percentile

Assets

$188,024

Up $7,824 (+4.3%) from 2017

Net Assets

$188,024

Up $7,824 (+4.3%) from 2017

Liabilities

Flat

Flat from 2017

Revenue And Expenses

Liabilities / Revenue63rd percentile Net Margin89th percentile

Revenue

$14,824

Up $912 (+6.6%) from 2017

Expenses

$7,000

Up $19 (+0.3%) from 2017

Net Income

$7,824

Up $893 (+13%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

Highlighted filing

2018

Assets$188,024

Liabilities$0

Net Assets$188,024

Open 2018 Filing

Operations Trend

Revenue Growth53rd percentile

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

Highlighted filing

2018

Revenue$14,824

Expenses$7,000

Net Income$7,824

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2018 to Dec 31, 2018
Signed: Nov 6, 2019
Return Version: 2018v3.1
Gross Receipts: $20,535

Mission and Program Overview

Mission

The aragats foundation inc. Is dedicated to promoting activites that utilize the unique heritage resources of the mt. Aragats region of armenia to improve communities, enhance education, and preserve the past for future generations.

Program Services

Description	Grants	Expenses
ARCHAEOLOGICAL PRESERVATION IN THE MT ARAGATS REGION THROUGH GRANTS TO THE ARAGATS CULTURAL HERITAGE FOUNDATION.	$0	$3,510

Compensation and Service Providers

Top Officer Pay86th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ADAM T SMITH	Director And Chairperson	-	$0	-	-
LORI KHATCHADOURIAN	Director And Treasurer	-	$0	-	-
ELEN AGHEKYAN	Director And Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: The Aragats Foundation Inc
EIN: 47-1254570
Phone: 6072168637
Address: PO BOX 3882, ITHACA, NY 14852-3882

Signing Officer

Name: Adam T Smith
Title: Chairperson
Phone: 6072168637
Signed: 2019-11-06
Discuss with paid preparer: Yes

Preparer

Firm: Insero & Co Cpas Llp
Address: 401 E STATE STREET SUITE 500, ITHACA, NY 14850
Preparer: Debbie Conley Jordan
Phone: 6072724444

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: dividend income. Amount: 782. Description: dividend income. Amount: 2,658. Total included on form 990-ez, line 4: 3,440.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: supporting conservation of archaeological sites. Grantee name: aragats cultural heritage foundation. Grantee address: mt. Aragats armenia. Grantee relationship: none. Property description: cash. Date of gift: various. Amount given: 3,510.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank fees. Amount: 60. Description: nys tax. Amount: 75. Description: website. Amount: 209. Description: supplies. Amount: 396. Description: translator. Amount: 500. Description: accounting. Amount: 1,950. Description: artifact restoration. Amount: 300. Total to form 990-ez, line 16: 3,490.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: other investments. Beg. Of year amount: 175,687. End of year amount: 182,997.”

Raw XML Appendix151 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	0
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	LORI KHATCHADOURIAN
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	6072168637
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	PO BOX 3882
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	ITHACA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	14852
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	4513
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	5027
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	5711
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/EngagedInExcessBenefitTransInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	7824
IRS990EZ/FiledScheduleAInd	0	1
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	180200
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	188024
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	11384
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	3510
IRS990EZ/GrossReceiptsAmt	0	20535
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	3440
IRS990EZ/LobbyingActivitiesInd	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	180200
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	188024
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	180200
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	188024
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	4.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	4.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	ADAM T SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	LORI KHATCHADOURIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	ELEN AGHEKYAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	DIRECTOR AND CHAIRPERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	DIRECTOR AND TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTOR AND SECRETARY
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	175687
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	182997
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	3490
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	THE ARAGATS FOUNDATION INC. IS DEDICATED TO PROMOTING ACTIVITES THAT UTILIZE THE UNIQUE HERITAGE RESOURCES OF THE MT. ARAGATS REGION OF ARMENIA TO IMPROVE COMMUNITIES, ENHANCE EDUCATION, AND PRESERVE THE PAST FOR FUTURE GENERATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	ARCHAEOLOGICAL PRESERVATION IN THE MT ARAGATS REGION THROUGH GRANTS TO THE ARAGATS CULTURAL HERITAGE FOUNDATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	3510
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SaleOfAssetsGrossAmt	0	17095
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	0
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	NY
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	7000
IRS990EZ/TotalProgramServiceExpensesAmt	0	3510
IRS990EZ/TotalRevenueAmt	0	14824
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.ARAGATS.ORG
IRS990ScheduleA/First5Years170Ind	0	X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	65000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	70000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	70100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	205100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	3440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	4015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	2562
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	1557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	217
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	11791
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportTotal170Amt	0	4338
IRS990ScheduleA/SubstantialContributorsTotAmt	0	200762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	65000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	70000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	70100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	205100
IRS990ScheduleA/TotalSupportAmt	0	216891
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: DIVIDEND INCOME. AMOUNT: 782. DESCRIPTION: DIVIDEND INCOME. AMOUNT: 2,658. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 3,440.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	ACTIVITY CLASSIFICATION: SUPPORTING CONSERVATION OF ARCHAEOLOGICAL SITES. GRANTEE NAME: ARAGATS CULTURAL HERITAGE FOUNDATION. GRANTEE ADDRESS: MT. ARAGATS ARMENIA. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 3,510.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: BANK FEES. AMOUNT: 60. DESCRIPTION: NYS TAX. AMOUNT: 75. DESCRIPTION: WEBSITE. AMOUNT: 209. DESCRIPTION: SUPPLIES. AMOUNT: 396. DESCRIPTION: TRANSLATOR. AMOUNT: 500. DESCRIPTION: ACCOUNTING. AMOUNT: 1,950. DESCRIPTION: ARTIFACT RESTORATION. AMOUNT: 300. TOTAL TO FORM 990-EZ, LINE 16: 3,490.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	DESCRIPTION: OTHER INVESTMENTS. BEG. OF YEAR AMOUNT: 175,687. END OF YEAR AMOUNT: 182,997.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	ADAM T SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	6072168637
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2019-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	THE ARAGATS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt	0	ARAG
ReturnHeader/Filer/EIN	0	471254570
ReturnHeader/Filer/PhoneNum	0	6072168637
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 3882
ReturnHeader/Filer/USAddress/CityNm	0	ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NY
ReturnHeader/Filer/USAddress/ZIPCd	0	148523882
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	73D0848955DDC41674B65D4F2E5B12AD418FAFAF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	98.159.211.134
ReturnHeader/FilingSecurityInformation/IPDt	0	2019-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	ES
ReturnHeader/FilingSecurityInformation/IPTm	0	13:02:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	475324570
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	INSERO & CO CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	401 E STATE STREET SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	14850
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6072724444
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	DEBBIE CONLEY JORDAN
ReturnHeader/ReturnTs	0	2019-11-11T08:13:56-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2018-01-01
ReturnHeader/TaxPeriodEndDt	0	2018-12-31
ReturnHeader/TaxYr	0	2018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $188,024
Liabilities: $0
Net assets: $188,024
Revenue: $14,824
Expenses: $7,000
Net income: $7,824

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.64	$0.00	$1.64	$0.13	$0.68	$0.55
2023Detailed filing. Detailed filing data is available for this year.	$2.20	$0.00	$2.20	$0.68	$0.49	$0.19
2022Detailed filing. Detailed filing data is available for this year.	$2.01	$0.00	$2.01	$0.64	$0.23	$0.41
2021Detailed filing. Detailed filing data is available for this year.	$1.60	$0.00	$1.60	$0.78	$1.26	$0.48
2020Detailed filing. Detailed filing data is available for this year.	$2.08	$0.00	$2.08	$0.12	$0.04	$0.07
2019Detailed filing. Detailed filing data is available for this year.	$2.00	$0.00	$2.00	$0.15	$0.02	$0.12
2018Detailed filing. Detailed filing data is available for this year.	$1.88	$0.00	$1.88	$0.15	$0.07	$0.08
2017Detailed filing. Detailed filing data is available for this year.	$1.80	$0.00	$1.80	$0.14	$0.07	$0.07
2016Detailed filing. Detailed filing data is available for this year.	$1.73	$0.00	$1.73	$0.74	$0.14	$0.60
2015Detailed filing. Detailed filing data is available for this year.	$1.13	$0.00	$1.13	$0.72	$0.17	$0.55
2014Summary only. Only limited summary data is available for this year.	$0.59	$0.00		$0.70	$0.12	$0.59