2025-11-17T07:03:15-06:00 2024-12-31 043138777 PKF JND PC 400 Crown Colony Drive Suite 102 Quincy MA 02169 990 2024-01-01 042215574 National Association for Armenian Studies and Research Inc NATI 6174891610 395 Concord Avenue Belmont MA 024783049 Ara N Araz Chairperson 6174891610 2025-11-15 1 0 Amanda Wolfe P01289269 6174220007 2025-11-15 2024 2025-03-06 01:10:19Z Ara N Araz 395 Concord Avenue Belmont MA 024783049 2150921 0 X WWW.NAASR.ORG X 1955 MA The general purposes of the Association are: (1) To foster and promote Armenian Studies through scholarship, research, and publication; (2) To work for the establishment of endowed professorships, fellowships, scholarships, departments, and courses of instruction in Armenian Studies at colleges, universities, and other institutions of higher learning; (3) To solicit and administer funds and to cooperate with universities, foundations, and similar organizations for the advancement of Armenian studies and research; and (4) To sponsor and promote educational, cultural, and other activities and projects for the realization of the purposes and objectives of the Association. 27 27 11 6 0 0 1117060 548197 0 4393 111594 240361 -46239 15621 1182415 808572 118889 101669 0 0 405114 421913 0 0 74138 423626 466633 947629 990215 234786 -181643 11302675 11320406 2575 19197 11300100 11301209 X Founded in 1955, the National Association for Armenian Studies and Research (NAASR) is an independent non-profit membership organization, and one of the world's leading Armenian Studies centers and rare book libraries. NAASR advances Armenian Studies through research and scholarship, offers high-quality educational public programming, and supports and connects scholars of Armenian Studies worldwide with each other and a broad general public to build a global community, expand horizons, and preserve and enrich Armenian culture, history, and identity for future generations. 0 0 703049 101669 20014 Founded in 1955, the National Association for Armenian Studies and Research (NAASR) is an independent non-profit membership organization, and one of the world's leading Armenian Studies centers and research libraries on Armenian and related subjects. NAASR advances Armenian Studies through research and scholarship, offers high-quality educational public programming, and supports and connects scholars of Armenian Studies worldwide with each other and a broad general public.NAASR's Mardigian Library is used primarily by scholars and independent researchers (whether in person or remotely requesting scanned materials or references), university students, high school students, and the general public. The entire library's collections are available free of charge for research and reference purposes, or simply for browsing, and receives on average 100-150 requests/visits per year. Since the library catalog is fully accessible online, requests come from around the world.The library holds more than 38,000 books and holdings dating to the 1600s, and periodicals dating to the 1800s. Materials in the collection are primarily written in Armenian and English, but important publications in Turkish, Farsi, Russian, French, German, Arabic and other languages are also represented. Through the years, numerous significant and valuable collections have been donated to NAASR including special collections, personal archives and papers from over 25 prominent scholars, genocide survivors, religious figures, and early immigrants to the U.S.In 2024, NAASR hosted and sponsored over 60 events, including 8 major conferences and symposia at venues such as Harvard, UCLA, the University of Paris, and the Armenian Genocide Museum-Institute in Yerevan.NAASR's programs reach a growing global audience through live-streamed and hybrid formats, with over 21,000 views on YouTube in 2024.NAASR is home to the largest English-language bookstore on Armenian topics, offering over 2,000 titles for in-person or online shoppers.NAASR supports scholars worldwide through research and assistance. In 2024, more than 40 grants were approved for support by NAASR and the Knights of Vartan Fund for Armenian Studies.NAASR's members include scholars, students, researchers, and members of the general public. NAASR collaborates with a myriad of non-profit organizations and universities throughout the world. 703049 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 MA X Brian Ansbigian Treasurer 6174891610 395 Concord Ave Belmont MA 02478 Ara N Araz Chairperson 10.00 X X 0 0 0 Dr Henry C Theriault Vice Chairperson eff. 11/24 10.00 X X 0 0 0 Margaret Mgrublian Vice Chairperson until 11/24 5.00 X X 0 0 0 Brian Ansbigian Treasurer eff. 11/24 10.00 X X 0 0 0 Bruce W Roat Treasurer until 11/24 5.00 X X 0 0 0 Jirair Balayan Secretary eff. 6/24 2.00 X X 0 0 0 Arlene Saryan Alexander Secretary until 6/24 5.00 X X 0 0 0 Nancy R Kolligian Advisor 5.00 X X 0 0 0 Mark Momjian Advisor 5.00 X X 0 0 0 Dr Nick Akgulian Director 2.00 X 0 0 0 Ara Arakelian Director eff. 11/24 2.00 X 0 0 0 Mihran Aroian Director 2.00 X 0 0 0 Dr Susan E Barba Director 2.00 X 0 0 0 Roupen Berberian Director until 11/24 2.00 X 0 0 0 Michael Bobelian Director 2.00 X 0 0 0 Houry Boyamian Director eff. 11/24 2.00 X 0 0 0 Dr Sharon Chekijian Director 2.00 X 0 0 0 Ani Hovannisian Director 2.00 X 0 0 0 Dr Susan Jerian Director eff. 11/24 2.00 X 0 0 0 Dr Gregory Ketabgian Director 2.00 X 0 0 0 Joan E Kolligian Director 2.00 X 0 0 0 Nancy Kricorian Director 2.00 X 0 0 0 Stephen A Kurkjian Director 2.00 X 0 0 0 Dr Armineh Mirzabegian Director 2.00 X 0 0 0 Dr Khatchig Mouradian Director 2.00 X 0 0 0 Dr Anna Ohanyan Director until 11/24 2.00 X 0 0 0 Gerald Papazian Director 2.00 X 0 0 0 Dr Mary Papazian Director 2.00 X 0 0 0 Judith Saryan Director 2.00 X 0 0 0 Shushan M Teager Director until 11/24 2.00 X 0 0 0 Silva Sedrakian Executive Director 40.00 X 99029 0 0 99029 0 0 0 0 0 0 0 229586 318611 548197 4393 4393 4393 81020 81020 1484422 1325081 159341 159341 159341 32889 17268 15621 15621 808572 20014 0 240361 25860 25860 17649 17649 58160 58160 99029 4951 47039 47039 289127 229668 46644 12815 33757 20405 8147 5205 5830 5830 15825 15825 37065 37065 5675 1600 4075 36623 17173 16591 2859 20794 12569 5019 3206 58896 52711 5560 625 6513 6513 23607 23607 213648 191214 20166 2268 11306 10118 1067 121 Digitization of Archive 21677 21677 Library Maintenance 9174 9174 990215 703049 213028 74138 313074 151554 151826 1975 103923 95828 5835 8890 7894619 1101026 7005332 6793593 3287454 3529683 587057 587057 11302675 11320406 2575 19197 2575 19197 X 10065193 10006530 1234907 1294679 11300100 11301209 11302675 11320406 -181643 182752 0 X X 0 1 X 1 0 X 365198 1205916 1190410 1117060 548197 4426781 82869 362246 33339 45610 32889 556953 448067 1568162 1223749 1162670 581086 4983734 0 0 0 4983734 40983 69215 81020 191218 40983 69215 81020 191218 448067 1568162 1264732 1231885 662106 5174952 0.96300 0.91990 0.03700 0.07010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 587057 X X X 0 3287454 20000 386048 163819 3529683 2461608 525290 427562 127006 3287454 2397136 456705 -264255 127978 2461608 0.77558 0.16849 0.05593 0 0 712500 712500 6984632 906264 6078368 197487 194762 2725 6793593 Common Stocks 2375635 F Corporate Bonds 437379 F Fidelity Treasury Money Market 836 F Other Securities 75066 F US Treasury Securities 640767 F 3529683 Library and collections 587057 587057 971527 182752 182752 788775 37065 -17268 19797 808572 970418 17268 17268 953150 37065 37065 990215 Part III, Line 4: The library consists of a collection of books, pamphlets, maps and similar materials maintained by the Organization. Purchases of collection items are stated at cost and donated collection items are recorded at fair value at the date of accession. Collection items are not depreciated since the Organization has the means to maintain them. The Organization's collections are protected, kept unencumbered, cared for, and preserved. As a matter of policy, the proceeds of items in collections that are sold will be used to acquire other items for collections and for the direct care of collection items. The Organization considers direct care to entail actions that enhance the usefulness or quality of the collection items to ensure they will continue to benefit the public. No collection items were sold during the year ended December 31, 2024. Part V, Line 4: The Organization's endowment funds include both donor-restricted endowment funds and funds designated by the Board of Directors to function as endowment. As required by accounting principles generally accepted in the United States of America, net asset associated with endowment funds, including funds designated by the Board of Directors to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The Organization classifies as net assets with donor restrictions the original value of gifts donated to the endowment held in perpetuity. The remaining portion of the donor-restricted endowment fund is classified as net assets with donor restrictions until those amounts are appropriated for expenditure by the Organization's spending policy and in accordance with the original restriction on the gift. Realized and unrealized gains and losses, and investment income are allocated to each individual fund based on the relationship of its fair value to the total fair value of all investments held in the endowment using an average at the beginning and end of the calendar year. The Organization adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding supported by its endowment by utilizing the endowment investment returns during the year while seeking to maintain the purchasing power of the endowment assets. Under this policy, as approved by the Board of Directors, the endowment assets are invested in a manner that is intended to enhance or preserve the long-term purchasing power, while assuming a moderate level of investment risk. In establishing this policy, the Organization considered the long-term expected return on its endowment. To satisfy its long-term rate-of-return objectives, the Organization utilized a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The Organization targets a diversified asset allocation that places an emphasis on equity-based investments to achieve its long-term objectives within prudent risk constraints. Part XI, Line 4b - Other Adjustments: Cost of sales -17,268. Part XII, Line 2d - Other Adjustments: Cost of sales 17,268. 0 0 0 0 0 0 0 0 0 0 Educational East Asia and the Pacific 1 2500 Wire transfer Educational Europe (Including Iceland & Greenland) 11 14100 Wire transfer, check Educational Russia and Neighboring States 33 41560 Wire transfer, check 0 0 0 0 0 0 1 0 0 Columbia Programs 7 9399 Honorarium 8 5750 Sona Aronian Award 3 2500 Part I, Line 2: NAASR monitors the use of grant funds through submission of financial reports from the grantees. Form 990, Part VI, Section A, line 2 Judith Saryan and Arlene Saryan Alexander have a family relationship. Nancy R. Kolligian and Joan E. Kolligian have a family relationship. Form 990, Part VI, Section A, line 6 NAASR has one classes of member: voting members. Form 990, Part VI, Section A, line 7a Voting members have the right to vote in the annual election of members to the Board, on proposed amendments to or restatement of the Articles of Organization, on proposed amendments to the Bylaws, on merger of the Corporation, on public policy positions to be adopted by the Corporation, on any other matters that are required by state or federal law to be decided by Members, and on any other matters that may be referred by the Board to the Voting Members for a vote. Form 990, Part VI, Section A, line 7b The members have the right to vote on proposed amendments to or restatements of the Articles of Organization, proposed amendments to the bylaws, and on a merger of the corporation. Form 990, Part VI, Section B, line 11b The Treasurer, Chairperson and Audit Committee receive a copy of Form 990. The Treasurer, Executive Director, Audit Committee and Chairperson review the Form 990. At present, the organization does not have an Executive Director. Form 990, Part VI, Section B, line 12c The Board members were presented with the conflict-of-interest policy and asked that it be completed, signed and returned to the Executive Director. Form 990, Part VI, Section C, line 19 The annual audited financial statements are attached to the MA Form PC filed with the Attorney General's office. This form is open to public inspection. The governing documents are not available to the public. Form 990: Part XII, Line 2c: This process has not changed from the prior year.