Armenian Relief Society Inc

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 05/2019, 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 05/2019, Armenian Relief Society Inc generated $933.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $905.6k during the year ending 05/2019. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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 DUE TO NATURAL AND MAN-MADE DISASTERS, ARMENIAN AND NON-ARMENIAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ARMENIA/ARTSAKH PROGRAM - THIS PROGRAM PROVIDES EMERGENCY RELIEF IN ARMENIA AND ARTSAHK. DURING 2015 THERE WERE SIGNIFICANT ADDITIONAL EXPENDITURES RELATED TO THE STEPANAKERT ARS "SOSEH" KINDERGARTEN. THE BUILDING HOUSING THE STEPANAKERT ARS "SOSEH" KINDERGARTEN WAS CONSTRUCTED IN THE 1950S THEREFORE IT WAS IN DIRE NEED OF REPAIRS AND REQUIRED SEISMIC RETROFITTING. THE ARS CEB DECIDED TO DEMOLISH THE BUILDING AND REBUILD A NEW FACILITY MEETING THE NEEDS OF SAFETY OF A MODERN DAY SCHOOL ABIDING BY THE STANDARDS OF THE GOVERNMENT.


SPONSOR A CHILD, ORPHANS EDUCATIONAL FUND - THE SPONSOR A CHILD FUND WAS ORIGINALLY ESTABLISHED IN JUNE 1992 FOR THE PURPOSE OF PROVIDING DIRECT SUPPORT TO ARMENIAN CHILDREN THROUGH SPONSORSHIP. DURING 2008, AN ADDITIONAL FUND REFERRED TO AS THE ORPHANS EDUCATIONAL FUND WAS ESTABLISHED FOR ORPHANS AGE 18 AND OVER WHO ARE CONTINUING THEIR EDUCATION. THE DONORS CONTRIBUTE AN ANNUAL AMOUNT WHICH IS USED TO SUPPORT THE INDIVIDUAL CHILD THAT THE DONOR HAS ELECTED TO "SPONSOR." ALL OF THE MONIES CONTRIBUTED TO THESE FUNDS, LESS A PER-CHILD ADMINISTRATIVE FEE, ARE FORWARDED TO THE SPONSORED ARMENIAN CHILDREN.


ORPHAN'S EDUCATION FUND - ESTABLISHED FOR ORPHANS AGE 18 AND OVER WHO ARE CONTINUING THEIR EDUCATION. DONORS CONTRIBUTE AN ANNUAL AMOUNT WHICH IS USED TO SUPPORT THE INDIVIDUAL CHILD THAT DONOR HAS ELECTED TO "SPONSOR".


OTHER PROGRAMS


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$782,550
Investment income $67,433
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $33,293
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $933,407

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Armenian Relief Society Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Pagoumian Fam Charitable Tr

Sunny Isles Beach, FL

PURPOSE: TO PROVIDE ASSISTANCE FOR THE "SOSSSEH" FLORIDA CHAPTER

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,972,078
Net Contributions$545
Ending Balance$1,972,623

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