Society For Orphaned Armenian Relief
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Radnor, PA
- Founding
- 03/2006
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Society For Orphaned Armenian Relief generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George S Yacoubian Jr Executive Chair | OfficerTrustee | 0 | $155,769 |
Raffi K Jehanian Vice Chairman | OfficerTrustee | 0 | $0 |
Hagop Keshishian Treasurer | OfficerTrustee | 0 | $0 |
Denise Sisian Secretary | OfficerTrustee | 0 | $0 |
Tamar Arminak Executive Board | Trustee | 0 | $0 |
Peter Garabedian 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 | $1,785,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,785,872 |
| Total Program Service Revenue | $0 |
| Investment income | $41,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,859 |
| Net Gain/Loss on Asset Sales | $53,627 |
| Net Income from Fundraising Events | -$842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,877,574 |
| 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 | $1,036,698 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,769 |
| Compensation of current officers, directors, key employees. | $155,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,469 |
| Payroll taxes | $20,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,765 |
| 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 | $10,479 |
| Office expenses | $3,548 |
| Information technology | $8,357 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,838 |
| 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 | $5,968 |
| Insurance | $1,443 |
| All other expenses | $6,889 |
| Total functional expenses | $1,435,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $934,881 |
| 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 | $126,229 |
| Investments—publicly traded securities | $651,176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,940 |
| Total assets | $1,717,226 |
| Accounts payable and accrued expenses | $529 |
| 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 | $3 |
| Total liabilities | $532 |
| 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 | $1,716,694 |
| Total liabilities and net assets/fund balances | $1,717,226 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Society For Orphaned Armenian Relief has recieved totaling $1,250.
| Awarding Organization | Amount |
|---|---|
Grigor & Hrachouhi Melikian Fund Glendale, CA PURPOSE: EDUCATION | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |