Civic Intelligence

Creative Armenia

990 • Fiscal year 2024 • EIN 81-2439399

Jan 01, 2024 to Dec 31, 2024 • Filed on Jul 30, 2025

101 Groverton PlaceLos Angeles, CA 90077

(310) 933-1034

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

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

Liabilities / Revenue

57th percentile

0.00x

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

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

Net Margin

8th percentile

-63%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$48,750

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 59.1% of source-year revenue.

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

Asset Growth

11th percentile

-52%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

71st percentile

24%

Faster revenue growth than 71% of similar nonprofits.

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

Assets

Down

$49,343

Down $54,221 (-52%) from 2023

Net Assets

Down

$49,343

Down $51,694 (-51%) from 2023

Liabilities

Down

$0

Down $2,527 (-100%) from 2023

Revenue

Up

$82,461

Up $15,780 (+24%) from 2023

Expenses

Down

$134,155

Down $138,153 (-51%) from 2023

Net Income

Up

-$51,694

Up $153,933 (+75%) from 2023

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2017: $71,370Liabilities 2017: $2,061Net Assets 2017: $69,3092017Assets 2018: $290,159Liabilities 2018: $2,161Net Assets 2018: $287,9982018Assets 2019: $326,521Liabilities 2019: $2,146Net Assets 2019: $324,3752019Assets 2020: $330,317Liabilities 2020: $2,133Net Assets 2020: $328,1842020Assets 2021: $356,973Liabilities 2021: $2,623Net Assets 2021: $354,3502021Assets 2022: $309,256Liabilities 2022: $2,592Net Assets 2022: $306,6642022Assets 2023: $103,564Liabilities 2023: $2,527Net Assets 2023: $101,0372023Assets 2024: $49,343Liabilities 2024: $0Net Assets 2024: $49,3432024

Highlighted filing

2024

Assets$49,343
Liabilities$0
Net Assets$49,343

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $335,360Expenses 2017: $266,051Net Income 2017: $69,3092017Revenue 2018: $467,284Expenses 2018: $248,595Net Income 2018: $218,6892018Revenue 2019: $549,068Expenses 2019: $512,691Net Income 2019: $36,3772019Revenue 2020: $252,905Expenses 2020: $249,096Net Income 2020: $3,8092020Revenue 2021: $720,785Expenses 2021: $694,009Net Income 2021: $26,7762021Revenue 2022: $211,626Expenses 2022: $259,312Net Income 2022: -$47,6862022Revenue 2023: $66,681Expenses 2023: $272,308Net Income 2023: -$205,6272023Revenue 2024: $82,461Expenses 2024: $134,155Net Income 2024: -$51,6942024

Highlighted filing

2024

Revenue$82,461
Expenses$134,155
Net Income-$51,694
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 30, 2025
Return Version
2024v5.2
Gross Receipts
$82,461
Mission and Program Overview

Mission

Creative armenia is a public charity on a mandate to discover, develop, and promote creative talent across the arts. It does so with a special focus on armenian culture and through a variety of programs including, creative challenges, production support, artist promotion, and fellowships.

Discover, develop, and promote creative talent across the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$103,564$49,343▼ $54,221
Rtn Earn Endowment Incm Other Fnds$101,037$49,343▼ $51,694
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$103,564$49,343▼ $54,221
Liabilities
Other Liabilities$2,527$0▼ $2,527
Total Liabilities$2,527$0▼ $2,527
Net Assets / Fund Balance
Total Net Assets Fund Balance$101,037$49,343▼ $51,694
Total Liabilities and Net Assets / Fund Balance$103,564$49,343▼ $54,221
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Garin HovannisianPresidentFT$48,750$48,750

Board Members and Trustees

NameTitle
Mark StefanosVice President
Hakop BarseghianCFO/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$82,461
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$82,461
Change in Net Assets
$-51,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$52,591
Other Expenses$48,564
Grants and Similar Amounts Paid$33,000
Total Fundraising Expense$90
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,563$12,187-$48,750
Foreign Grants$33,000--$33,000
Fees for Services Other$21,420--$21,420
Travel$6,409--$6,409
Information Technology$4,640--$4,640
Payroll Taxes$2,881$960-$3,841
Fees for Services Accounting-$3,500-$3,500
Other Expenses$3,035$2,286-$3,035
Office Expenses$553$1,718$90$2,361
Occupancy$2,000--$2,000
Total Functional Expenses$113,414$20,651$90$134,155
International Activity

International Summary

Offices
0
Employees
0
Spending
$33,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Russia and Neighboring StatesGrants-00$33,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

Form 990 is first reviewed by the chief financial officer. After the review, form 990 is then presented to the board at a meeting to seek any input. After having received feedback from the board, the chief financial officer then consults with the chief executive officer, accountant and bookkeeper to make any necessary changes. Once this process is complete, the board votes by majority to submit form 990.

Form 990, Part VI, Section B, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. The board actively monitors the organization's transactions and agreements, and flags for immediate discussion any real or perceived conflict of interest with intent to obviate such conflict in keeping with both the law and its own conflict of interest policies.

Form 990, Part VI, Section B, Line 15A

The board meets, in the absence of the compensated officer, to decide compensation of officers. It does so in a three-step process recommended by the irs, as outlined by the council of nonprofits. Leaning on reliable information regarding executive compensation for similar non-profit organizations (sources include guidestar, payscale, and charity navigator) and after an evaluation of the officer's experience and expertise, it suggests a fair salary for approval by the board.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Creative Armenia
EIN
81-2439399
Phone
3109331034
Address
101 GROVERTON PLACE, LOS ANGELES, CA 90077

Signing Officer

Name
Garin Hovannisian
Title
President
Phone
3109331034
Signed
2025-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garin Hovannisian
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
1
Volunteers
2

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
18500 VON KARMAN AVE 10TH FLOOR, IRVINE, CA 92612
Preparer
Brian Yacker
Phone
9492222999
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Human resources: program service expenses 21,420. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,420.

Raw XML Appendix360 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO/SECRETARY
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IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO DISCOVER, DEVELOP, AND PROMOTE CREATIVE TALENT ACROSS THE ARTS. IT DOES SO WITH A SPECIAL FOCUS ON ARMENIAN CULTURE AND THROUGH A VARIETY OF PROGRAMS INCLUDING, CREATIVE CHALLENGES, PRODUCTION SUPPORT, ARTIST PROMOTION, AND FELLOWSHIPS.
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE AWARDING OF GRANTS IS THE RESULT OF A RIGOROUS, MULTI-TIERED SELECTION PROCESS COMPRISING INDUSTRY EXPERTS AND HIGH-LEVEL CREATIVE PROFESSIONALS. THE FAIRNESS OF THE PROCESS IS ENSURED BY THE CREATIVE ARMENIA BOARD. WRITTEN RECORDS ARE CREATED AND KEPT FOR ALL GRANTS AND CREATIVE ARMENIA STAFF FOLLOW UP WITH GRANT RECIPIENTS ON A REGULAR BASIS TO ENSURE THAT GRANT FUNDS ARE BEING SPENT FOR THE CREATIVE PROJECTS FOR WHICH THEY WERE INTENDED, IN KEEPING WITH LAW AND CREATIVE ARMENIA'S MISSION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt033000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS FIRST REVIEWED BY THE CHIEF FINANCIAL OFFICER. AFTER THE REVIEW, FORM 990 IS THEN PRESENTED TO THE BOARD AT A MEETING TO SEEK ANY INPUT. AFTER HAVING RECEIVED FEEDBACK FROM THE BOARD, THE CHIEF FINANCIAL OFFICER THEN CONSULTS WITH THE CHIEF EXECUTIVE OFFICER, ACCOUNTANT AND BOOKKEEPER TO MAKE ANY NECESSARY CHANGES. ONCE THIS PROCESS IS COMPLETE, THE BOARD VOTES BY MAJORITY TO SUBMIT FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD ACTIVELY MONITORS THE ORGANIZATION'S TRANSACTIONS AND AGREEMENTS, AND FLAGS FOR IMMEDIATE DISCUSSION ANY REAL OR PERCEIVED CONFLICT OF INTEREST WITH INTENT TO OBVIATE SUCH CONFLICT IN KEEPING WITH BOTH THE LAW AND ITS OWN CONFLICT OF INTEREST POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEETS, IN THE ABSENCE OF THE COMPENSATED OFFICER, TO DECIDE COMPENSATION OF OFFICERS. IT DOES SO IN A THREE-STEP PROCESS RECOMMENDED BY THE IRS, AS OUTLINED BY THE COUNCIL OF NONPROFITS. LEANING ON RELIABLE INFORMATION REGARDING EXECUTIVE COMPENSATION FOR SIMILAR NON-PROFIT ORGANIZATIONS (SOURCES INCLUDE GUIDESTAR, PAYSCALE, AND CHARITY NAVIGATOR) AND AFTER AN EVALUATION OF THE OFFICER'S EXPERIENCE AND EXPERTISE, IT SUGGESTS A FAIR SALARY FOR APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 21,420. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,420.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0103564
IRS990/TotalAssetsEOYAmt049343
IRS990/TotalAssetsGrp/BOYAmt0103564
IRS990/TotalAssetsGrp/EOYAmt049343
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt082461
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt090
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020651
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0113414
IRS990/TotalFunctionalExpensesGrp/TotalAmt0134155
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02527
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02527
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0101037
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049343
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0240
IRS990/TotalProgramServiceExpensesAmt0113414
IRS990/TotalReportableCompFromOrgAmt048750
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt082461
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0103564
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049343
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt06409
IRS990/TravelGrp/TotalAmt06409
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 GROVERTON PLACE
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090077
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.CREATIVEARMENIA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GARIN HOVANNISIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03109331034
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATIVE ARMENIA
ReturnHeader/Filer/BusinessNameControlTxt0CREA
ReturnHeader/Filer/EIN0812439399
ReturnHeader/Filer/PhoneNum03109331034
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 GROVERTON PLACE
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090077
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY ADVISORY GROUP LP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018500 VON KARMAN AVE 10TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092612
ReturnHeader/PreparerPersonGrp/PhoneNum09492222999
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN YACKER
ReturnHeader/ReturnTs02025-07-31T18:29:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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