Armenian Relief Society Inc
- Assets
- $9.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Watertown, MA
- Founding
- 03/1949
- Data as of
- 05/2024
- EIN
- 04-2219512
Organization Overview
Armenian Relief Society Inc is located in Watertown, MA. The organization was established in 1949. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 05/2024, Armenian Relief Society Inc employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Armenian Relief Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Armenian Relief Society Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.8m during the year ending 05/2024. While expenses have increased by 9.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE HUMANITARIAN NEEDS OF THE ARMENIAN PEOPLE AND SEEK TO PRESERVE THE CULTURAL IDENTITY OF THE ARMENIAN NATION THROUGHOUT THE WORLD. MOREOVER, TO AID PEOPLE IN NEED, ARMENIAN AND NON-ARMENIAN, DUE TO NATURAL AND MAN-MADE DISASTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR ARTSAKH: THIS PROGRAM PROVIDES HUMANITARIAN AID TO FAMILIES WHO ARE AFFECTED BY THE ONGOING WAR IN ARTSAKH.
THE ARMENIAN RELIEF SOCIETY (ARS) SPONSORS AND SUPPORTS MANY HUMANITARIAN PROGRAMS WORLDWIDE WHICH HAVE EDUCATIONAL, CULTURAL, HEALTHCARE AND HEALTH PROMOTING, ECONOMIC, AND DISASTER RELIEF AID NATURES. WE SUPPORT ORPHANS THROUGH OUR SPONSOR A CHILD, AND SPONSOR A STUDENT PROGRAMS. WE PROVIDE EDUCATIONAL INCENTIVES THROUGH OUR OUTSTANDING STUDENT, SCHOLARSHIPS, AND CAMP JAVAKHK PROGRAMS. WE FUND KINDERGARTENS TO GIVE A HEALTHY EDUCATIONAL START TO CHILDREN. THROUGH OUR MOTHER AND CHILD BIRTHING CENTER, WE PROMOTE HEALTH EDUCATION DURING PREGNANCY.AS FOR THE ELDERLY, WE FUND PROGRAMS WHICH PROVIDE HOT MEALS TO THE ELDERLY AND UNDERPRIVILEGED FAMILIES. WE ALSO HELP WOUNDED SOLDIERS BY ASSISTING WITH THEIR REHABILITATION PROCESS.FINALLY, WE ASSIST FAMILIES IN RURAL AREAS BY PROVIDING THEM WITH GREENHOUSES TO ENCOURAGE SMALL BUSINESSES AND PROMOTE THE ECONOMIC GROWTH OF THE AREAS SO THE FAMILIES CAN BECOME FINANCIALLY SELF-SUFFICIENT AND INDEPENDENT.
CHILDREN OF FALLEN HEROES: THIS PROGRAM SUPPORTS CHILDREN WHO LOST PARENTS DUE TO WAR OR NATURAL DISASTER.
SYRIAN EARTHQUAKE: THIS PROGRAM PROVIDED ASSISTANCE TO THE ARMENIAN COMMUNITY IMPACTED BY THE DEVASTATING 7.8 MAGNITUDE EARTHQUAKE THAT STRUCK NORTHERN SYRIA ON FEBRUARY 6, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arousyak Melkonian Chairperson | OfficerTrustee | 15 | $0 |
Taline Daghlian Vice Chairperson | OfficerTrustee | 15 | $0 |
Nayiri Balanian Secretary | OfficerTrustee | 15 | $0 |
Annie Kechichian Treasurer | OfficerTrustee | 15 | $0 |
Arminee Karabetian Director | Trustee | 15 | $0 |
Zharmen Mirzakhanian Director | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $129,386 |
| Fundraising events | $123,831 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,707,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,960,977 |
| Total Program Service Revenue | $344,467 |
| Investment income | $143,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$612,851 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,836,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,268,010 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,363 |
| Compensation of current officers, directors, key employees. | $10,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,196 |
| Payroll taxes | $10,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $107,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,434 |
| Fees for services: Other | $2,316 |
| Advertising and promotion | $21,632 |
| Office expenses | $39,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,599 |
| Travel | $57,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,400 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,756,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,042,884 |
| Savings and temporary cash investments | $2,812,459 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,087 |
| Investments—publicly traded securities | $3,874,792 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,336 |
| Total assets | $9,062,558 |
| Accounts payable and accrued expenses | $47,504 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $295,097 |
| Total liabilities | $342,601 |
| Net assets without donor restrictions | $51,638 |
| Net assets with donor restrictions | $8,668,319 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,062,558 |