Civic Intelligence

Armenian Heritage Foundation of Philadelphia

EIN 93-2718005 • 501(c)3 • Bala Cynwyd, PA

Profile

To educate the public about Armenian history, culture and heritage, including commemoration of the Armenian Genocide.

1 Belmont Avenue Suite 314Bala Cynwyd, PA 19004
Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

99th percentile

731%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

786%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,045,574

Up $919,768 (+731%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

$1,045,574

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue20th percentileNet Margin96th percentile

Revenue

Up

$1,114,993

Up $989,187 (+786%) from 2023

Expenses

Up

$195,224

Up $195,224 from 2023

Net Income

Up

$919,769

Up $793,963 (+631%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$1.5M$1.0M$500K$0Assets 2023: $125,806Liabilities 2023: $02023Assets 2024: $1,045,574Liabilities 2024: $0Net Assets 2024: $1,045,5742024

Highlighted filing

2024

Assets$1,045,574
Liabilities$0
Net Assets$1,045,574
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0Revenue 2023: $125,806Expenses 2023: $0Net Income 2023: $125,8062023Revenue 2024: $1,114,993Expenses 2024: $195,224Net Income 2024: $919,7692024

Highlighted filing

2024

Revenue$1,114,993
Expenses$195,224
Net Income$919,769
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$1,045,574
Liabilities
$0
Net assets
$1,045,574
Revenue
$1,114,993
Expenses
$195,224
Net income
$919,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$1.11$0.20$0.92
2023Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$0.00$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$1,114,993
Mission and Program Overview

Mission

To educate the public about Armenian history, culture and heritage, including commemoration of the Armenian Genocide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$113,206$989,227▲ $876,021
Cash and Non-Interest-Bearing Accounts$12,599$56,347▲ $43,748
Total Assets$125,805$1,045,574▲ $919,769
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$125,805$1,045,574▲ $919,769
Total Net Assets Fund Balance$125,805$1,045,574▲ $919,769
Total Liabilities and Net Assets / Fund Balance$125,805$1,045,574▲ $919,769
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Kurk SelverianPresident
Karolyn ChebookjianVice President
2 HoplamazianDirector
Harry S Cherken Esq JrDirector
Nanette ZakianDirector
Ned MooreDirector
Steven Barsamain EsqDirector
Michael SanterianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,850
Program Service Revenue
$979,693
Investment Income
$18,450
Other Revenue
$0
Change in Net Assets
$919,769

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,096,543
Revenue Not Reported on Financial Statements
$18,450
Other Revenue Adjustments
$18,450
Total Revenue per Audited Statements
$1,096,543
Total Revenue per Form 990
$1,114,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,224
Total Fundraising Expense$392
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$4,114$6,740-$6,740
All Other Expenses-$3,740$327$4,067
Advertising--$65$65
Total Functional Expenses$184,352$10,480$392$195,224

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$195,224
Total Expenses per Audited Statements$195,224
Total Expenses per Form 990$195,224
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Aznavour$116,850$116,850-$116,850
Total Events$116,850$116,850-$116,850
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
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“All directors review th Form 990 before it is submitted”

Conflict of interest policy compliance Part VI line 12C

“At the beginning of the year all board members complete a conflict of interest statement.”

Other officer or key employee compensation Part VI line 15B

“No compensation paid.”

Governing documents etc available to public Part VI line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Armenian Heritage Foundation of Philadelphia
EIN
93-2718005
In Care Of
% Kurk Selverian
Phone
2159880500
Address
1 Belmont Avenue Suite 314, Bala Cynwyd, PA 19004

Signing Officer

Name
Kurk Selverian
Title
President
Phone
2159880500
Signed
2025-11-10
Discuss with paid preparer
No

Organization Details

Formed
2023
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
5

Preparer

Firm
Jonathan Furlow CPA
Address
1077 Rydal Road Suite 200, Rydal, PA 19046
Preparer
Jonathan Furlow
Phone
2155721500
Supplemental Narrative

Financial Statement Notes

Part XI, Line 4B-Other revenue not included on Sch D but on 990

“Investment Income”

Raw XML Appendix357 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/TotalFunctionalExpensesGrp/TotalAmt0195224
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0KURK SELVERIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02159880500
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Armenian Heritage Foundation of Philadelphia
ReturnHeader/Filer/BusinessNameControlTxt0ARME
ReturnHeader/Filer/EIN0932718005
ReturnHeader/Filer/InCareOfNm0% Kurk Selverian
ReturnHeader/Filer/PhoneNum02159880500
ReturnHeader/Filer/USAddress/AddressLine1Txt01 Belmont Avenue Suite 314
ReturnHeader/Filer/USAddress/CityNm0Bala Cynwyd
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223513000
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jonathan Furlow CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01077 Rydal Road Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rydal
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019046
ReturnHeader/PreparerPersonGrp/PhoneNum02155721500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN FURLOW
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-17T10:58:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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