Society For Orphaned Armenian Relief
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Radnor, PA
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-4095458
Organization Overview
Society For Orphaned Armenian Relief is located in Radnor, PA. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Society For Orphaned Armenian Relief employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Orphaned Armenian Relief 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, Society For Orphaned Armenian Relief generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY FOR ORPHANED ARMENIAN RELIEF (SOAR) IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO PROVIDING HUMANITARIAN RELIEF TO ORPHANED ARMENIAN CHILDREN AND ADULTS. WORKING WITH A LOYAL DONOR BASE AND A TRUSTED NETWORK OF PARTNERS, SOAR DISTRIBUTES CLOTHING, EDUCATIONAL SUPPLIES, MEDICINE, AND OTHER ESSENTIAL RESOURCES TO ORPHANED ARMENIANS THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY FOR ORPHANED ARMENIAN RELIEF (SOAR) PROVIDES HUMANITARIAN RELIEF TO ORPHANED ARMENIAN CHILDREN AND ADULTS WITH DISABILITIES THROUGHOUT THE WORLD. WORKING WITH A TRUSTED NETWORK OF IN-COUNTRY PARTNERS AND A CADRE OF GLOBAL VOLUNTEERS, SOAR STRIVES TO PROVIDE THIS INSTITUTIONALIZED POPULATION WITH THE SAME EDUCATIONAL AND SOCIAL OPPORTUNITIES AS THEIR NON-INSTITUTIONALIZED COUNTERPARTS WHILE SIMULTANEOUSLY FACILITATING FAMILY EMPOWERMENT, DEINSTITUTIONALIZATION, AND REUNIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George S Yacoubian Jr Executive Chair | OfficerTrustee | 0 | $150,000 |
Raffi K Jehanian Vice Chairman | OfficerTrustee | 0 | $0 |
Hagop Keshishian Treasurer | OfficerTrustee | 0 | $0 |
Denise Sisian Secretary | OfficerTrustee | 0 | $0 |
Tanya Bardakjian Executive Board | Trustee | 0 | $0 |
Asadur Minasian Executive Board | Trustee | 0 | $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 | $1,651,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,651,156 |
| Total Program Service Revenue | $0 |
| Investment income | $15,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,701,844 |
| 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 | $1,178,380 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,000 |
| Compensation of current officers, directors, key employees. | $150,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,881 |
| Payroll taxes | $21,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,221 |
| 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 | $0 |
| Advertising and promotion | $2,393 |
| Office expenses | $498 |
| Information technology | $10,854 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56,742 |
| 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 | $4,930 |
| Insurance | $30,566 |
| All other expenses | $11,861 |
| Total functional expenses | $1,688,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $121,299 |
| Investments—publicly traded securities | $575,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,940 |
| Total assets | $1,139,250 |
| Accounts payable and accrued expenses | $3,879 |
| 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 | $41,255 |
| Other liabilities | $4 |
| Total liabilities | $45,138 |
| Net assets without donor restrictions | $0 |
| 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 | $1,094,112 |
| Total liabilities and net assets/fund balances | $1,139,250 |