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.
94¢ 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

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FY2023 · 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
94%
of spending
Looks good: 94% 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 · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
13 mo
of spending, in cash
Looks good: 13.1 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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$39K
-80% vs prior year
Spent
$68K
To programs
94%
Net assets
$74K
By yearFY2020–FY2024
Revenue
$39K
FY2023▼ -80%
Tap a bar for its year
Revenue by fiscal year
FY2020$54K
FY2021$10K
FY2022$194K
FY2023$39K
FY2024$30K
Expenses
$68K
FY2023▼ -49%
Tap a bar for its year
Expenses by fiscal year
FY2020$65K
FY2021$56K
FY2022$133K
FY2023$68K
FY2024$61K
Net assets
$74K
FY2023▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$89K
FY2021$42K
FY2022$103K
FY2023$74K
FY2024$43K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

94 cents of each dollar spent went to programs.

Program services 94% · $64K Management & general 6% · $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

10 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
Officer-Treasurer
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $64K · in their own filed words · FY2023
01

Rehearsals and Armenian cultural program.

$64Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$39K
Ln 12
Gifts and grantsLn 1h$39K
Investment incomeLn 3$204
Other incomeLn 4–11$125
Money outPt IX
$68K
Ln 25
Programscol B$64K
Managementcol C$4K
Owns and owesPt X
$74K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$74K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Government grantsLn 1e$17K
Investment incomeLn 3$204
Other incomeLn 4–11$125
Total revenueLn 12$39K
Assets in detailPt X, end of year
CashLn 1$54K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$74K
Total assetsLn 16$74K
LiabilitiesLn 26$0
Net assetsLn 32$74K
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 FY23End FY23
Cash and savingsLn 1–2$103K$74K
Total assetsLn 16$103K$74K
LiabilitiesLn 26$0$0
Net assetsLn 32$103K$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$12K$12K
Accounting feesLn 11c$600$600
Office expensesLn 13$418$418
OccupancyLn 16$50K$50K
InsuranceLn 23$958$958
Other expenses (24a–d)Ln 24$4K$1K$3K
Total functional expensesLn 25$68K$64K$4K$0

Filing history

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

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $39,235 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $96,658$38,906
I-9 Program service revenuePrior year $81,455$0
I-10 Investment incomePrior year $202$204
I-11 Other revenuePrior year $15,908$125
I-12 Total revenuePrior year $194,223$39,235
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 $121,400$56,124
I-18 Total expensesPrior year $133,400$68,124
I-19 Revenue less expensesPrior year $60,823−$28,889
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $39,235 across 7 lines filed
VIII-1b Membership dues$3,000
VIII-1e Government grants$16,870
VIII-1f All other contributions, gifts and grants$19,036
VIII-1h Total contributions, gifts and grants$38,906
VIII-3 Investment incomeUnrelated business $204$204
VIII-8 Net income from fundraising eventsExcluded from tax $125$125
VIII-12 Total revenueRelated to mission $0 · Unrelated business $204 · Excluded from tax $125$39,235
Part IX · Statement of functional expenses $68,124 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $12,000$12,000
IX-11c Accounting feesManagement $600$600
IX-13 Office expensesManagement $418$418
IX-16 OccupancyPrograms $49,807$49,807
IX-23 InsurancePrograms $958$958
IX-24 Other expenses (24a–d)Programs $1,416 · Management $2,925$4,341
IX-25 Total functional expensesPrograms $64,181 · Management $3,943 · Fundraising $0$68,124
Part X · Balance sheet $74,258 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $82,829$53,737
X-2 Savings and temporary cash investmentsStart of year $20,317$20,521
X-16 Total assetsStart of year $103,146$74,258
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $103,146$74,258
X-32 Total net assets or fund balancesStart of year $103,146$74,258
X-33 Total liabilities and net assetsStart of year $103,146$74,258
Part XI · Reconciliation of net assets $74,258 net assets at year end
XI-1 Total revenue$39,235
XI-2 Total expenses$68,124
XI-3 Revenue less expenses−$28,889
XI-4 Net assets at start of year$103,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$74,258

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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