Nurtures emerging talent in film, music, and all arts by supporting creative artists.
For fiscal year 2025 it reported $385K in revenue, $267K in expenses, and $166K in net assets.Pt I
Where the money goes · FY2025
Total revenue
$385K
Pt VIII · Ln 12
Total expenses
$267K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $117K
Where spending went · Part IX cols B–D
92%
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program efficiency
92%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
7.5mo
months of highly liquid reserves at operating expense rate▲ +70% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +149% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$385K
FY2025▲ +366%
$721K$360K$0
FY2020FY2025
Expenses
$267K
FY2025▲ +99%
$694K$347K$0
FY2020FY2025
Total assets
$166K
FY2025▲ +237%
$357K$178K$0
FY2020FY2025
Total liabilities
$0
FY2025
$3K$1K$0
FY2020FY2025
Total revenue
$385K
Pt VIII · Ln 12
Total expenses
$267K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$117K
Total assetsPt X · Ln 16$166K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III
Where the work happens
3 program services account for $241K of program spending, described in the organization's own filed words · FY2025.
01
Artist Promotion
A program of support for more than a hundred artists who belong to the creative armenia network. The program includes grants called spark grants, as well as a variety of other promotional and career growth benefits.
$147Kprogram expense
02
Program by which filmmakers, musicians, and other artists raise interest and funds for their creative projects.
Garin Hovannisian’s $41K as President
is at the 37th percentile of top reported officer pay among 1637 $100K–1M international 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
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.
Individual Garin Hovannisian · Reported title PRESIDENT · Highest reported compensation $41K · Total expenses $267K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $44K · Total expenses $267K
16%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
92%
—
—
Overhead ratio
8%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
366%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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