Fund For Armenian Relief Inc

Organization Overview

Fund For Armenian Relief Inc is located in New York, NY. The organization was established in 1993. 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. As of 12/2020, Fund For Armenian Relief Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Armenian Relief 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 12/2020, Fund For Armenian Relief Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $4.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

FAR PROVIDES SHORT-TERM EMERGENCY RELIEF AND IMPLEMENTS LONG-TERM PROGRAMS FOR ECONOMIC GROWTH AND SOCIAL DEVELOPMENT OF ARMENIA BY HELPING THE CHILDREN AND ELDERLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HUMANITARIAN PROGRAMS - SEE SCHEDULE O FOR PROGRAM DESCRIPTION


AGRICULTURE AND ECONOMIC DEVELOPMENT - SEE SCHEDULE O FOR PROGRAM DESCRIPTION.


SOCIAL AND EDUCATIONAL PROGRAMS - SEE SCHEDULE O FOR PROGRAM DESCRIPTION


MEDICAL PROJECTS


HUMANITARIAN PROGRAMS - SEE SCHEDULE O FOR PROGRAM DESCRIPTION


AGRICULTURE AND ECONOMIC DEVELOPMENT - SEE SCHEDULE O FOR PROGRAM DESCRIPTION.


SOCIAL AND EDUCATIONAL PROGRAMS - SEE SCHEDULE O FOR PROGRAM DESCRIPTION


MEDICAL PROJECTS


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Board, Officers & Key Employees

Name (title)Compensation
Garnik Nanagoulian
Executive Director
$135,470
Bagrat Sargsyan
Country Director
$48,763
Abp Khajag Barsamian
Vice Chairman
$0
Dennis Tarzian
Treasurer
$0
Randy Sapah-Gulian
Chairman
$0
Marta Batmasian
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Focal Change Inc
Promotion
$111,800
Kanaka Ojsc
Grant Construction
$550,311
Focal Change Inc
Promotion
$111,800
Kanaka Ojsc
Grant Construction
$550,311
View All Vendors

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$6,345,869
Noncash contributions included in lines 1a–1f $1,156,922
Total Revenue from Contributions, Gifts, Grants & Similar$6,345,869
Total Program Service Revenue$8,434
Investment income $116,614
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$14,304
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,456,613

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Fund For Armenian Relief Inc has recieved totaling $111,000.

Awarding OrganizationAmount
Robert A Semonian Charitable Tr

Newton Center, MA

PURPOSE: FURTHER PROGRAMS

$61,000
Hovsep Foundation

Union, NJ

PURPOSE: SOCIAL SERVICE

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,451,400
Earnings$334,436
Net Contributions$601,050
Other Expense$210,307
Ending Balance$4,176,579

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