HOVNANIAN SCHOOL INC Charity Report

Public IRS 990 nonprofit record

HOVNANIAN SCHOOL INC

EIN 22-2126689 · Education (B24Z)

What they do

THE MISSION of HOVNANIAN SCHOOL is to PRESERVE and ELEVATE THE ARMENIAN COMMUNITY BY CREATING GENERATIONS of WELL-ROUNDED and GLOBALLY-MINDED LEADERS THROUGH AN EDUCATION FOCUSED ON ACADEMIC EXCELLENCE, MULTI-LINGUAL EXPRESSION, EMOTIONAL INTELLIGENCE, and A RICH ARMENIAN-AMERICAN IDENTITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders33 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.32%of revenue went to mission work75.0% of expenses · Program services

7.90%of revenue went to fundraising8.0% of expenses

$99.06spent for every $100 of revenueRevenue covered expenses this year.

16.85%of revenue went to management and office costs17.0% of expenses

$2.71in assets for every $1 spent this yearSome assets cannot be spent right away.

12.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $112,750 for STEPHANIE TOROSSIAN (PRINCIPAL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,170,840

Mission workProgram services$3,099,61474.32% of revenue75.0% of expenses

ManagementOffice and general costs$702,83616.85% of revenue17.0% of expenses

FundraisingAsking for donations$329,3657.90% of revenue8.0% of expenses

Total expenses$4,131,81599.06% of revenue

The uncolored part of the ring is revenue above these reported expenses.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202475.0% mission

202377.7% mission

202278.9% mission

202174.8% mission

202070.0% mission

201874.4% mission

201768.2% mission

201664.0% mission

Money in and money out

Revenue$4,170,840

Expenses$4,131,815

Annual surplus $39,025 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,099,614 · 75.0% of expenses

Management and office costs$702,836 · 17.0% of expenses

Fundraising$329,365 · 8.0% of expenses

See all reported dollar amounts

Revenue$4,170,840

Expenses$4,131,815

Assets$11,191,725

Income$4,183,782

Contributions$498,629

Mission work (program services)$3,099,614

Fundraising$329,365

Management and general$702,836

Executive compensation (total)$127,381

Accounting fees$30,298

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEPHANIE TOROSSIANPRINCIPAL · 40 hrs/week $112,750

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (33)

STEPHANIE TOROSSIANPRINCIPAL

SARKIS BEDEVIANEMERITUS

KRISTINE CASALIADVISOR

LENA DEROHANNESSIANBOARD CHAIR

LORI SAGANDAPTO CO-CHAIR

LORI SEMERCIYANALUMNI REP

MELINE TOUFAYANADVISOR

NAZAR ALTUN ESQADVISOR

NICOLE VARTANIANADVISOR

NYIERI VOSBIKIANADVISOR

KIRK KAZAZIANADVISOR

SARKIS OHANNESSIANEMERITUS

SHANT HOVNANIANEMERITUS

SIRANOUSH DERVOGORMIYACIYANEXEC. SECRETARY

SONYA BEKARIANGRANTS COMMITTEE REP

TALINE CHALIANPTO CO-CHAIR

VICKEN ARSLANIANADVISOR

ANAHID GARMIRYANEMERITUS

KAVITA BAFANAADVISOR

KAROLIN CAKIRDASADVISOR

KAREN NARGIZIANASSISTANT SECRETARY

JOAN RIVITZEMERITUS

JEREMY CUTLERADVISOR

HRATCH KAPRIELIANEMERITUS

HERA MAKHOULIANFACULTY REP

HARRY TOUFAYANEMERITUS

HAGOP BAGHDADLIANEMERITUS

GREGORY T SIMONIANEMERITUS

GREGORY KINOIANBOARD COUNSEL

CHRIS ISAKHANIANEXECUTIVE TREASURER

BERTA ZAKIANADVISOR

AVAK UZATMACIYANVICE CHAIR

ARARAT ARAIANADVISOR

About this charity

Recognized since: January 1977
Location: 817 RIVER ROAD, NEW MILFORD, NJ 07646
County: Bergen
In care of: HILDA BARONIAN
Primary officer: HILDA BARONIAN, COMPTROLLER

How to reach them

WebsiteVisit the charity’s website Emailoffice@hovnanianschools.org Phone(201) 967-5940

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SAVASTANO KAUFMAN ADVISORS LLC
NTEE classification: Education (B24Z)
IRS tax category: Elementary and Secondary Schools