Children Of Armenia Fund Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (Q30) the organization is classified as: International Development, 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. Children Of Armenia Fund 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 12/2021, Children Of Armenia Fund Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 11.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COAFS GOAL IS TO EMPOWER THE YOUNGER GENERATION OF ARMENIANS LIVING IN THE COUNTRY'S IMPOVERISHED AND NEGLECTED RURAL VILLAGES.WHILE COAF'S WORK IS ALL-ENCOMPASSING, THE EMPHASIS IS ON EDUCATION. THE ORGANIZATIONS WORK COMBINES INFRASTRUCTURE PROJECTS SCHOOLS, MEDICAL CLINICS, HEALTH POSTS, COMMUNITY CENTERS, ATHLETIC FACILITIES WITH WORLD CLASS EDUCATIONAL, SOCIOECONOMIC, HEALTH CARE, AND COMMUNITY PROGRAMS. THE OBJECTIVE IS TO ENABLE YOUNG ARMENIANS TO DEFINE AND BUILD THEIR OWN FUTURE WITH GUIDANCE PROVIDED BY COAF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2004, THE CHILDREN OF ARMENIA FUND (COAF) HAS IMPROVED LIVING CONDITIONS IN ARMENIAS UNDERSERVED RURAL AREAS, INCLUDING EDUCATIONAL AND SOCIAL ADVANCEMENTS IN 60+ COMMUNITIES ACROSS 6 REGIONS, MAKING A LASTING IMPACT ON THE LIVES OF 107,000+ ARMENIANS. REVITALIZING ARMENIA BEGINS WITH STRENGTHENING EDUCATION AND BROADENING THE OPPORTUNITIES OF THE NATIONS CHILDREN, ENSURING A FORWARD-THINKING, GLOBALLY COMPETITIVE CITIZENRY. THIS UNDERSTANDING PROPELLED THE CREATION OF THE COAF SMART INITIATIVE, A COMPREHENSIVE AND REPLICABLE EDUCATIONAL MODEL. IN 2018, COAF INAUGURATED ITS FLAGSHIP SMART CENTER IN THE LORI REGION. AN INNOVATIVE EDUCATIONAL FACILITY, THE SMART CENTER OFFERS 2,000+ RURAL CHILDREN AND YOUTH FROM 28 COMMUNITIES ACCESS TO ESSENTIAL EDUCATIONAL RESOURCES AND AFTER-SCHOOL PROGRAMS. IN 2021, WE EXPANDED OUR FOCUS. FORMING UNPRECEDENTED INSTITUTIONAL, PRIVATE SECTOR, AND NGO PARTNERSHIPS, WE TOOK SIGNIFICANT STRIDES TO FURTHER OUR PROGRAMMATIC WORK THROUGHOUT ARMENIA. THE OPENING OF OUR CHILD AND FAMILY SERVICES CENTER IN HATSIK VILLAGE MARKED A NEW ERA OF OUR APPROACH TO RURAL HEALTH. WE EXTENDED OUR NETWORK OF SMART INITIATIVES IN THE LORI REGION WITH NEW SMART VILLAGE INFRASTRUCTURE, DESIGNED TO SPUR SOCIAL AND ECONOMIC PROGRESS IN 27 RURAL COMMUNITIES. DURING OUR "HOME IS CALLING" VIRTUAL GALA, WE GARNERED RECORD-SETTING SUPPORT TO BUILD SMART CENTERS ACROSS ARMENIA, STARTING WITH THE ARMAVIR SMART CENTER, WHICH WILL BEGIN CONSTRUCTION IN 2022. COAF SUPPORTERS REACHED OUT FROM ACROSS THE GLOBE TO OFFER THEIR TALENTS AND RESOURCES TO THE RURAL ARMENIAN COMMUNITY, ENSURING CONTINUED ADVANCEMENT FOR ARMENIA'S CHILDREN DURING EVEN THESE DIFFICULT TIMES. AS WE LOOK AHEAD, OUR COMMITMENT TO ARMENIA REMAINS STEADFAST AND STRENGTHENED BY THAT OF OUR COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Garo H Armen PHD Chairman | OfficerTrustee | 5 | $0 |
Dr Alice Saraydarian Secretary/treas | OfficerTrustee | 4 | $0 |
John Saraydarian Director | Trustee | 1 | $0 |
Jacqueline Vartanian Director | Trustee | 1 | $0 |
Natasha Avanessians Director | Trustee | 1 | $0 |
Khalil Barrage Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Kanaka Ojsc Construction | 12/30/20 | $0 |
Termoros Ar Construction | 12/30/20 | $0 |
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 | $10,208,619 |
Noncash contributions included in lines 1a–1f | $5,410,803 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,208,619 |
Total Program Service Revenue | $0 |
Investment income | $136 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,208,755 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $3,567,301 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,200 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $6,358 |
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 | $0 |
Insurance | $0 |
All other expenses | $228,830 |
Total functional expenses | $5,392,272 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,474,554 |
Pledges and grants receivable | $6,418,391 |
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 | $0 |
Investments—publicly traded securities | $1,991,710 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $13,884,655 |
Accounts payable and accrued expenses | $66,295 |
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 | $150,000 |
Other liabilities | $0 |
Total liabilities | $216,295 |
Net assets without donor restrictions | $13,668,360 |
Net assets with donor restrictions | $0 |
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 | $13,884,655 |
Over the last fiscal year, we have identified 1 grants that Children Of Armenia Fund Inc has recieved totaling $1,000.
Awarding Organization | Amount |
---|---|
Mazars Usa Philanthropic Fund New York, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Trustees Of Robert College Of Istanbul New York, NY | $10,685,892 | $20,101,446 |
American School In London Foundation Princeton, NJ | $2,370,011 | $19,085,987 |
American Community School At Beirut -Lebanon New York, NY | $38,176,805 | $18,283,695 |
Global Hunger Project New York, NY | $18,451,641 | $18,515,873 |
Buildon Inc Stamford, CT | $19,130,694 | $16,459,828 |
Womens World Banking Inc New York, NY | $45,990,561 | $24,725,214 |
Innovation Africa New York, NY | $6,054,720 | $16,340,258 |
Near East Foundation Syracuse, NY | $16,218,674 | $15,526,282 |
Amref Health Africa Inc New York, NY | $11,305,543 | $22,534,673 |
International Schools Services Inc Princeton, NJ | $22,409,212 | $13,743,105 |
British Schools And Universities Foundation Inc New York, NY | $4,352,409 | $13,471,425 |
Istanbul International Community School Inc Princeton, NJ | $19,037,423 | $13,733,005 |