Armenian American Pharamacists Association Inc in Watertown, Massachusetts (MA)

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Armenian American Pharamacists Association Inc
Employer Identification Number (EIN)222546211
Name of OrganizationArmenian American Pharamacists Association Inc
In Care of NameSarkis Duhanyan
Address390 School St, Watertown, MA 02472-1417
ActivitiesScholarships (other), Described in section 509(a)(2) of the Code
SubsectionCharitable Organization
Ruling Date03/1985
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$8,802
Amount of Income$20,351
Form 990 Revenue Amount$20,351
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative:


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Amount of income in 2013: $20,351 (it was $6,380 in 2012)
This organization: 

 $20,351
Other organizations performing similar types of work: 

 $79,636

Assets in 2013: $8,802 (it was $4,143 in 2012)
This organization: 

 $8,802
Other organizations performing similar types of work: 

 $462,702

Expenses in 2013: $15,692
Armenian American Pharamacists Association Inc: 

 $15,692
Other organizations performing similar types of work: 

 $72,968

Income to expenses ratio in 2013: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.9

Grants share in income in 2013: 94.0%
This organization: 

 94.0%
Other organizations performing similar types of work: 

 57.3%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$6,749$6,380$20,351
Contributions, gifts, grants, and similar amounts received$5,141$6,380$19,135
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$1,608$0$1,216
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$4,405$8,408$15,692
Total net assets$6,171$4,143$8,802
Excess/Deficit for the year$2,344$-2,028$4,659
Net assets or fund balances at beginning of year$3,827$6,171$4,143
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$4,143$8,802
Balance Sheets
201120122013
Total assets$6,171$4,143$8,802
Total liabilities$0$0$0
Net assets or fund balances$6,171$4,143$8,802
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$56,941
Subtotal$56,941
Gifts, grants, contributions, and membership fees received$56,941
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$56,941
Public support$56,941
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Indo-American Pharmaceutical Society IncC/O Dipak Rao 180 E Central Ave, Spring Valley, NY 10977NY1989-07$396,221
2Christian Pharmacists Fellowship InternationalPO BOX 24708, West Palm Bch, FL 33416-4708FL1985-12$170,016
3Virginia Pharmaceutical Assoc Research Education Foundation Inc2530 Professional Road, N Chesterfield, VA 23235-3217VA1981-08$151,332
4Korean American Pharmacist Association Of California3810 Wilshire Blvd Apt 1108, Los Angeles, CA 90010-3218CA1996-03$79,636
5American Board Of Clinical Pharmacology IncPo Box 40278, San Antonio, TX 78229-1278TX1978-03$70,892
6Armenian American Pharamacists Association Inc390 School St, Watertown, MA 02472-1417MA1985-03$20,351
7Morris County Pharmaceutical Society2414 Morris Ave, Union, NJ 07083-5732NJ1972-02$9,310
8American Academy Of Pain Medicine, American Academy Of Pain Medicine Aapm8735 W Higgins Road Suite 300, Chicago, IL 60631IL1985-03$0
Number of organizations performing similar types of work
California1
Florida1
Illinois1
Massachusetts1
New Jersey1
New York1
Texas1
Virginia1
Total8

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