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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Garnik Nanagoulian Executive Director | OfficerTrustee | 40 | $135,470 |
Bagrat Sargsyan Country Director | Officer | 40 | $48,763 |
Abp Khajag Barsamian Vice Chairman | OfficerTrustee | 2 | $0 |
Dennis Tarzian Treasurer | OfficerTrustee | 2 | $0 |
Randy Sapah-Gulian Chairman | OfficerTrustee | 2 | $0 |
Marta Batmasian Secretary | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Focal Change Inc Promotion | 12/30/20 | $111,800 |
Kanaka Ojsc Grant Construction | 12/30/20 | $550,311 |
Focal Change Inc Promotion | 12/30/20 | $111,800 |
Kanaka Ojsc Grant Construction | 12/30/20 | $550,311 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $149,798 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $1,525,787 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $184,233 |
Compensation of current officers, directors, key employees. | $14,055 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $702,407 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $9,663 |
Payroll taxes | $23,122 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $62,352 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $43,448 |
Fees for services: Other | $284,345 |
Advertising and promotion | $3,131 |
Office expenses | $75,641 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $93,733 |
Travel | $38,089 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,405 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $41,358 |
Insurance | $24,957 |
All other expenses | $2,597 |
Total functional expenses | $4,465,281 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,794 |
Savings and temporary cash investments | $4,242,712 |
Pledges and grants receivable | $3,413,175 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $56,108 |
Inventories for sale or use | $748,296 |
Prepaid expenses and deferred charges | $2,004 |
Net Land, buildings, and equipment | $1,456,114 |
Investments—publicly traded securities | $4,170,509 |
Investments—other securities | $4,176,579 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,130,602 |
Total assets | $20,409,893 |
Accounts payable and accrued expenses | $122,798 |
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 | $57,100 |
Other liabilities | $0 |
Total liabilities | $179,898 |
Net assets without donor restrictions | $6,925,496 |
Net assets with donor restrictions | $13,304,499 |
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 | $20,409,893 |
Over the last fiscal year, we have identified 2 grants that Fund For Armenian Relief Inc has recieved totaling $111,000.
Awarding Organization | Amount |
---|---|
Robert A Semonian Charitable Tr Newton Center, MA PURPOSE: FURTHER PROGRAMS | $61,000 |
Hovsep Foundation Union, NJ PURPOSE: SOCIAL SERVICE | $50,000 |
Beg. Balance | $3,451,400 |
Earnings | $334,436 |
Net Contributions | $601,050 |
Other Expense | $210,307 |
Ending Balance | $4,176,579 |
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 |