Sayat Nova Dance Co FY2020 filing

Tax-deductible

Newton, MA501(c)(3)Arts & CultureEIN 22-2805663Revenue $54K in FY2020

On file with the IRSsayatnova.comPo Box 490, 02456-0490 · Newton, MATax-exempt since Jan 1993Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$12K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $11K a year · 17% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $5K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$54K
Spent
$65K
To programs
91%
Net assets
$89K
By yearFY2020–FY2024
Revenue
$54K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$54K
FY2021$10K
FY2022$194K
FY2023$39K
FY2024$30K
Expenses
$65K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$65K
FY2021$56K
FY2022$133K
FY2023$68K
FY2024$61K
Net assets
$89K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$89K
FY2021$42K
FY2022$103K
FY2023$74K
FY2024$43K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $59K Management & general 2% · $1K Fundraising 7% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation
$12,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Officer-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Apo Ashjian’s $8K as Officer is at the 37th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Apo Ashjian$8,000$12,000$12,000$12,000$12,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and promotes Armenian culture through dance, fostering friendship and multicultural awareness.

Questions for Sayat Nova Dance Co

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Provided by the organization

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1 program · $59K · in their own filed words · FY2020
01

3Rehearsals & Shows and Armenian cultural dance.

$59Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$54K
Ln 12
Fees for servicesLn 2g$32K
Gifts and grantsLn 1h$14K
Other incomeLn 4–11$7K
Money outPt IX
$65K
Ln 25
Programscol B$59K
Managementcol C$1K
Fundraisingcol D$4K
Owns and owesPt X
$89K
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$89K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$32K
Investment incomeLn 3$1K
Other incomeLn 4–11$7K
Total revenueLn 12$54K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$54K
Cash and savings togetherLn 1–2$89K
Total assetsLn 16$89K
LiabilitiesLn 26$0
Net assetsLn 32$89K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$99K$89K
Total assetsLn 16$99K$89K
LiabilitiesLn 26$0$0
Net assetsLn 32$99K$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$12K$12K
Accounting feesLn 11c$500$500
OccupancyLn 16$33K$33K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$18K$12K$720$4K
Total functional expensesLn 25$65K$59K$1K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $30K$61K−$32K$43K 990 PDF
FY2023 $39K$68K−$29K$74K 990 PDF
FY2022 $194K$133K$61K$103K 990 PDF
FY2021 $10K$56K−$46K$42K 990 PDF
FY2020 Viewing $54K$65K−$11K$89K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $54,037 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,220$13,700
I-9 Program service revenuePrior year $43,089$32,232
I-10 Investment incomePrior year $1,028$1,051
I-11 Other revenuePrior year $20,784$7,054
I-12 Total revenuePrior year $76,121$54,037
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,000$12,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $109,433$52,555
I-18 Total expensesPrior year $121,433$64,555
I-19 Revenue less expensesPrior year −$45,312−$10,518
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $54,037 across 7 lines filed
VIII-1b Membership dues$300
VIII-1f All other contributions, gifts and grants$13,400
VIII-1h Total contributions, gifts and grants$13,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,232$32,232
VIII-3 Investment incomeUnrelated business $1,051$1,051
VIII-8 Net income from fundraising eventsExcluded from tax $7,054$7,054
VIII-12 Total revenueRelated to mission $32,232 · Unrelated business $1,051 · Excluded from tax $7,054$54,037
Part IX · Statement of functional expenses $64,555 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $12,000$12,000
IX-11c Accounting feesManagement $500$500
IX-16 OccupancyPrograms $33,263$33,263
IX-23 InsurancePrograms $1,217$1,217
IX-24 Other expenses (24a–d)Programs $12,435 · Management $720 · Fundraising $4,420$17,575
IX-25 Total functional expensesPrograms $58,915 · Management $1,220 · Fundraising $4,420$64,555
Part X · Balance sheet $88,553 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $46,611$35,042
X-2 Savings and temporary cash investmentsStart of year $52,460$53,511
X-16 Total assetsStart of year $99,071$88,553
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $99,071$88,553
X-32 Total net assets or fund balancesStart of year $99,071$88,553
X-33 Total liabilities and net assetsStart of year $99,071$88,553
Part XI · Reconciliation of net assets $88,553 net assets at year end
XI-1 Total revenue$54,037
XI-2 Total expenses$64,555
XI-3 Revenue less expenses−$10,518
XI-4 Net assets at start of year$99,071
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$88,553

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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