Armenian General Benevolent Union is located in New York, NY. The organization was established in 1959. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Armenian General Benevolent Union employed 111 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Armenian General Benevolent Union 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 12/2022, Armenian General Benevolent Union generated $42.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $29.3m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 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 2014, Armenian General Benevolent Union has awarded 142 individual grants totaling $41,071,709. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENSURING THE PROSPERITY AND WELL-BEING OF ALL ARMENIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS LEARNING INSTITUTIONS TO ELEVATE AND EXPAND THE REACH OF ARMENIAN STUDIES. IN ADDITION, WE STRIVE TO EXPOSE THE WORLD TO THE UNIQUE ATTRIBUTES OF THE ARMENIAN NATION AND ITS CONTRIBUTIONS TO THE CIVILIZED WORLD SINCE ANCIENT TIMES. BY EMBRACING DIVERSE PERSPECTIVES, AGBU IS A GATEWAY TO RICH EDUCATIONAL EXPERIENCES FOR LEARNERS AT EACH STAGE OF LIFE.
HUMANITARIAN RELIEF - SERVING HUMANITY WITH CARE AND COMPASSION - SINCE OUR FOUNDING, AGBU HAS BEEN ON THE FRONTLINES OF EMERGENCY RELIEF. OUR VAST INTERNATIONAL NETWORK HAS PROVEN US A TRUSTWORTHY AND EFFICIENT LOCAL RESOURCE ON THE GROUND, WHEREVER DANGER AND PERIL ERUPTS. EVEN BEFORE THE ARMENIAN GENOCIDE, IN TIMES OF FAMINE AND REGIONAL UNREST, OUR LEADERS AND MEMBERS MOBILIZED ACROSS BORDERS TO DELIVER SUSTENANCE AND AID TO THOSE IN NEED. IN THE DECADES TO FOLLOW, ARMENIANS FACING HARDSHIPS COULD COUNT ON OUR SPEEDY RESPONSE AND LONG-TERM ASSISTANCE AS A LIFELINE AND BRIDGE TO RECOVERY.GIVEN THE ARMENIAN PEOPLE'S OWN HISTORY OF OVERCOMING UNSPEAKABLE TRAGEDIES AND LOSSES, WE ARE HIGHLY ATTUNED TO HUMAN SUFFERING. THIS INSPIRES US TO GIVE BACK, NOT ONLY TO OUR OWN COMMUNITIES BUT ALSO NON-ARMENIANS IN DEEP CRISIS AND DISTRESS. WITH SO MUCH UNREST AND UNCERTAINTY IN TODAY'S WORLD, AGBU CONTINUES TO ASSIST THOSE WHO NEED IT MOST THROUGH PANDEMIC, CIVIL UNREST, WAR AND NATURAL DISASTERS.
EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS LEARNING INSTITUTIONS TO ELEVATE AND EXPAND THE REACH OF ARMENIAN STUDIES. IN ADDITION, WE STRIVE TO EXPOSE THE WORLD TO THE UNIQUE ATTRIBUTES OF THE ARMENIAN NATION AND ITS CONTRIBUTIONS TO THE CIVILIZED WORLD SINCE ANCIENT TIMES. BY EMBRACING DIVERSE PERSPECTIVES, AGBU IS A GATEWAY TO RICH EDUCATIONAL EXPERIENCES FOR LEARNERS AT EACH STAGE OF LIFE.
HUMANITARIAN RELIEF - SERVING HUMANITY WITH CARE AND COMPASSION - SINCE OUR FOUNDING, AGBU HAS BEEN ON THE FRONTLINES OF EMERGENCY RELIEF. OUR VAST INTERNATIONAL NETWORK HAS PROVEN US A TRUSTWORTHY AND EFFICIENT LOCAL RESOURCE ON THE GROUND, WHEREVER DANGER AND PERIL ERUPTS. EVEN BEFORE THE ARMENIAN GENOCIDE, IN TIMES OF FAMINE AND REGIONAL UNREST, OUR LEADERS AND MEMBERS MOBILIZED ACROSS BORDERS TO DELIVER SUSTENANCE AND AID TO THOSE IN NEED. IN THE DECADES TO FOLLOW, ARMENIANS FACING HARDSHIPS COULD COUNT ON OUR SPEEDY RESPONSE AND LONG-TERM ASSISTANCE AS A LIFELINE AND BRIDGE TO RECOVERY.GIVEN THE ARMENIAN PEOPLE'S OWN HISTORY OF OVERCOMING UNSPEAKABLE TRAGEDIES AND LOSSES, WE ARE HIGHLY ATTUNED TO HUMAN SUFFERING. THIS INSPIRES US TO GIVE BACK, NOT ONLY TO OUR OWN COMMUNITIES BUT ALSO NON-ARMENIANS IN DEEP CRISIS AND DISTRESS. WITH SO MUCH UNREST AND UNCERTAINTY IN TODAY'S WORLD, AGBU CONTINUES TO ASSIST THOSE WHO NEED IT MOST THROUGH PANDEMIC, CIVIL UNREST, WAR AND NATURAL DISASTERS.
CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE - ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS WELL AS ANCIENT, FOLK AND RELIGIOUS TRADITIONS HELP DRIVE THE AGBU MISSION TO UPLIFT ARMENIAN LIVES THROUGH CREATIVE EXPRESSION. OVER THE DECADES, AGBU HAS LAUNCHED AN ARRAY OF CULTURAL INITIATIVES THAT CONNECT ARMENIANS IN EVERY GENERATION ACROSS THE WORLD. WE ALSO ENCOURAGE RISING TALENTS TO EXPLORE THEIR POTENTIALS, AND WE PARTNER WITH WORLD-CLASS INSTITUTIONS TO SHARE OUR GIFTS WITH GLOBAL AUDIENCES.
CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE - ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS WELL AS ANCIENT, FOLK AND RELIGIOUS TRADITIONS HELP DRIVE THE AGBU MISSION TO UPLIFT ARMENIAN LIVES THROUGH CREATIVE EXPRESSION. OVER THE DECADES, AGBU HAS LAUNCHED AN ARRAY OF CULTURAL INITIATIVES THAT CONNECT ARMENIANS IN EVERY GENERATION ACROSS THE WORLD. WE ALSO ENCOURAGE RISING TALENTS TO EXPLORE THEIR POTENTIALS, AND WE PARTNER WITH WORLD-CLASS INSTITUTIONS TO SHARE OUR GIFTS WITH GLOBAL AUDIENCES.
SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND - IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE IDENTITY WITHIN THE BOUNDARIES OF A LAND THAT IS AT ONCE A SOVEREIGN NATION STATE AND AN ANCESTRAL HOMELAND. AGBU WORKS TO STRENGTHEN THE COUNTRY BY PROVIDING INFRASTRUCTURES AND RESOURCES TO CARVE A PATH TO UPWARD MOBILITY. THESE NATION-BUILDING STRATEGIES ARE ESSENTIAL TO FUELING THE ECONOMIC GROWTH CRITICAL TO LONG-TERM NATIONAL VIABILITY. WITH OUR SAFETY NETS FOR THE MOST VULNERABLE, OUR STEPPING STONES FOR JOB SEEKERS AND AMBITIOUS ENTREPRENEURS, AND OUR BRIDGES THAT CONNECT KEY INDUSTRIES TO WORLD MARKETS, AGBU'S COMMITMENT TO HELPING ARMENIA IS REFLECTED IN WELL-DESIGNED STRATEGIC PROGRAMS AND PROJECTS AIMED AT STEADY ECONOMIC GROWTH AND SUSTAINABILITY.
SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND - IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE IDENTITY WITHIN THE BOUNDARIES OF A LAND THAT IS AT ONCE A SOVEREIGN NATION STATE AND AN ANCESTRAL HOMELAND. AGBU WORKS TO STRENGTHEN THE COUNTRY BY PROVIDING INFRASTRUCTURES AND RESOURCES TO CARVE A PATH TO UPWARD MOBILITY. THESE NATION-BUILDING STRATEGIES ARE ESSENTIAL TO FUELING THE ECONOMIC GROWTH CRITICAL TO LONG-TERM NATIONAL VIABILITY. WITH OUR SAFETY NETS FOR THE MOST VULNERABLE, OUR STEPPING STONES FOR JOB SEEKERS AND AMBITIOUS ENTREPRENEURS, AND OUR BRIDGES THAT CONNECT KEY INDUSTRIES TO WORLD MARKETS, AGBU'S COMMITMENT TO HELPING ARMENIA IS REFLECTED IN WELL-DESIGNED STRATEGIC PROGRAMS AND PROJECTS AIMED AT STEADY ECONOMIC GROWTH AND SUSTAINABILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Berge Setrakian President | OfficerTrustee | 20 | $0 |
Joseph Oughourlian Vice President | OfficerTrustee | 5 | $0 |
Nazareth Festekjian Treasurer | OfficerTrustee | 20 | $0 |
Yervant Demirjian Assistant Treasurer | OfficerTrustee | 5 | $0 |
Sarkis Jebejian Secretary | OfficerTrustee | 10 | $0 |
Arda Nazerian Haratunian Assistant Secretary | OfficerTrustee | 10 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Printsolutions Printing Services | 12/30/22 | $297,613 |
Grubb & Ellis Management Services Inc Maint.(condo) Fee, Capital Improvment | 12/30/22 | $182,547 |
Najarian Building & Development Inc Construction Contractors | 12/30/22 | $374,287 |
Tardis Llc Website Design/maintenance | 12/30/22 | $115,200 |
Marcum Llp Accountants & Business Consultants | 12/30/22 | $103,014 |
Najarian Building & Development Inc Construction Contractors | 12/30/22 | $374,287 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $22,528 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $34,005,361 |
Noncash contributions included in lines 1a–1f | $112,206 |
Total Revenue from Contributions, Gifts, Grants & Similar | $34,027,889 |
Total Program Service Revenue | $781,587 |
Investment income | $4,357,411 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $5,214 |
Net Rental Income | $65,651 |
Net Gain/Loss on Asset Sales | $3,187,390 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $42,419,928 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,707,541 |
Grants and other assistance to domestic individuals. | $513,570 |
Grants and other assistance to Foreign Orgs/Individuals | $8,088,972 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $661,575 |
Compensation of current officers, directors, key employees. | $401,305 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,628,228 |
Pension plan accruals and contributions | $188,897 |
Other employee benefits | $670,283 |
Payroll taxes | $335,787 |
Fees for services: Management | $0 |
Fees for services: Legal | $39,978 |
Fees for services: Accounting | $167,807 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $684,194 |
Fees for services: Other | $985,166 |
Advertising and promotion | $122,297 |
Office expenses | $714,710 |
Information technology | $284,666 |
Royalties | $0 |
Occupancy | $966,202 |
Travel | $201,769 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $331,606 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,664,637 |
Insurance | $0 |
All other expenses | $59,708 |
Total functional expenses | $29,326,954 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,465,485 |
Savings and temporary cash investments | $1,619,556 |
Pledges and grants receivable | $7,896,747 |
Accounts receivable, net | $611,624 |
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 | $60,827 |
Net Land, buildings, and equipment | $34,778,064 |
Investments—publicly traded securities | $0 |
Investments—other securities | $210,364,776 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $26,560,346 |
Total assets | $285,357,425 |
Accounts payable and accrued expenses | $4,313,670 |
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 | $840,071 |
Total liabilities | $5,153,741 |
Net assets without donor restrictions | -$9,252,771 |
Net assets with donor restrictions | $289,456,455 |
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 | $285,357,425 |
Over the last fiscal year, Armenian General Benevolent Union has awarded $15,348,786 in support to 24 organizations.
Grant Recipient | Amount |
---|---|
AMERICAN UNIVERSITY OF ARMENIA CORP PURPOSE: EDUCATIONAL | $645,761 |
AMVETS PURPOSE: EDUCATIONAL | $71,395 |
CREATIVE ARMENIA PURPOSE: CULTURAL | $100,000 |
POMEGRANATE FOUNDATION PURPOSE: HUMANITARIAN | $10,000 |
AGBU MANOOGIAN-DEMIRDJIAN SCHOOL CANOGA PARKCA PURPOSE: EDUCATIONAL | $253,137 |
SAINT JOSEPH UNIVERSITY FOUNDATION BEIRUT INC PURPOSE: CULTURAL | $10,000 |