Armenian Relief Society Of Eastern Usa Inc
- Assets
- $6.4m
- Revenue
- $1.3m
- Investments
- $867.8k
- Employees
- 1
- Location
- Watertown, MA
- Founding
- 12/1979
- Data as of
- 05/2023
- EIN
- 04-2684459
Organization Overview
Armenian Relief Society Of Eastern Usa Inc is located in Watertown, MA. The organization was established in 1979. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Relief Society Of Eastern USA 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 05/2023, Armenian Relief Society Of Eastern USA Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.1m during the year ending 05/2023. While expenses have increased by 8.0% per year over the past 7 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.
Since 2020, Armenian Relief Society Of Eastern USA Inc has awarded 12 individual grants totaling $1,458,909. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVES THE HUMANITARIAN NEEDS OF THE ARMENIAN PEOPLE AND SEEKS TO PRESERVE THE CULTURAL IDENTITY OF THE ARMENIAN NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ACTIVITIES PROMOTE SOCIAL, CULTURAL AND HEALTH SERVICES TO THE ARMENIAN PEOPLE. A. ASSISTANCE FUND FOR SYRIAN-ARMENIAN SCHOOLS B. LEBANON PROGRAM - HELP OUR COMPATRIOTS IN LEBANON WHO ARE FACING ECONOMIC CRISIS THROUGH HOPE PACKAGE, CARE SUPPORT AND HOT MEAL PROGRAMS. THE ARS STANDS WITH LEBANON AND THE ARMENIAN COMMUNITY. PARTNER WITH THE ARS, SAVES LIVES. THE DISASTER THAT ROCKED BEIRUT ON AUGUST 4TH HAS CAUSED WIDESPREAD DAMAGE. IT CAME AMID LEBANON'S EFFORT TO BATTLE THE COVID-19 PANDEMIC AND THE DIRE ECONOMIC SITUATION IN THE COUNTRY. ARMENIAN POPULATED AREAS ARE IN AN UNBEARABLE SITUATION. HOMES, SCHOOLS, CHURCHES, AND COMMUNITY CENTERS ARE BADLY DAMAGED. C. EMERGENCY AID- EASTERN USA COMMUNITIES DONATED GENEROUSLY TO THE GENERAL SYRIA RELIEF PROGRAM TO BE USED FOR EMERGENCY AID.
EDUCATIONAL ACTIVITES SUPPORT STUDENTS TO CONTINUE THEIR EDUCATION AND PROVIDE FINANCIAL AID AND SCHOLARSHIPS.
ARMENIA ACTIVITES PROVIDE EMERGENCY RELIEF TO ARMENIA, ARTSAKH, AND JAVAKHK INCLUDING, BUT NOT LIMITED TO DAY CARE CENTERS IN KHARABAGH AND THE NIGOL AGHPALIAN SCHOOL AS WELL AS AID TO ORPHANAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vartouhie Chiloyan Executive Director | Officer | 40 | $55,937 |
Caroline Chamavonian Chairperson | OfficerTrustee | 10 | $0 |
Talin Daghlian Vice Chairperson | OfficerTrustee | 5 | $0 |
Margaret Babikian Medina Treasurer | OfficerTrustee | 5 | $0 |
Carol Jaffarian Secretary | OfficerTrustee | 5 | $0 |
Irma Kassabian Advisor | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $672,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,114 |
| Total Program Service Revenue | $0 |
| Investment income | $339,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $579 |
| Net Income from Fundraising Events | $301,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,313,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $717,618 |
| Grants and other assistance to domestic individuals. | $62,373 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,937 |
| Compensation of current officers, directors, key employees. | $25,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,494 |
| Fees for services: Other | $2,656 |
| Advertising and promotion | $0 |
| Office expenses | $18,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,160 |
| Travel | $28,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $882 |
| All other expenses | $0 |
| Total functional expenses | $1,077,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,220 |
| Savings and temporary cash investments | $307,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| 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 | $0 |
| Investments—publicly traded securities | $4,729,055 |
| Investments—other securities | $867,752 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,350,779 |
| Accounts payable and accrued expenses | $34,628 |
| 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 | $0 |
| Total liabilities | $34,628 |
| Net assets without donor restrictions | $2,956,528 |
| Net assets with donor restrictions | $3,359,623 |
| 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 | $6,350,779 |
Grants Awarded
Over the last fiscal year, Armenian Relief Society Of Eastern Usa Inc has awarded $299,350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN APOSTOLIC CHURCH (ANEC PROGRAM) PURPOSE: PROGRAM SUPPORT | $20,000 |
ARMENIAN RELIEF SOCIETY INC PURPOSE: PROGRAM SUPPORT | $179,350 |
CAMP HAIASTAN OF THE ARMENIAN YOUTH FEDERATION PURPOSE: PROGRAM SUPPORT | $100,000 |