Aurora Humanitarian Initiative Foundation Inc
- Assets
- $3.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Cambridge, MA
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 36-4808338
Organization Overview
Aurora Humanitarian Initiative Foundation Inc, operating under the name Co Flagship Pioneering, is located in Cambridge, MA. The organization was established in 2015. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Flagship Pioneering 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, Co Flagship Pioneering generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 31.1% 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 2016, Co Flagship Pioneering has awarded 23 individual grants totaling $3,194,000. 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
TO SUPPORT PEOPLE AND PROMOTE GLOBAL PROJECTS TACKLING THE NEEDS OF THE MOST HELPLESS AND DESTITUTE. (CONTINUED AT SCHEDULE O).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AURORA HUMANITARIAN INITIATIVE IS A FOUNDATION THAT SEEKS TO ADDRESS ON-THE-GROUND HUMANITARIAN CHALLENGES AROUND THE WORLD WITH THE FOCUS ON HELPING THE MOST DESTITUTE. ITS MISSION IS ROOTED IN THE ARMENIAN HISTORY AS THE INITIATIVE WAS FOUNDED ON BEHALF OF THE SURVIVORS OF THE ARMENIAN GENOCIDE AND IN GRATITUDE TO THEIR SAVIORS, AND STRIVES TO TRANSFORM THIS EXPERIENCE INTO A GLOBAL MOVEMENT. SEE SCHEDULE F FOR MORE DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Hall Chief Financial Officertreas | Officer | 4 | $27,500 |
Lord Ara Darzi Director | Trustee | 1 | $0 |
Anthony Barsamian Director | Trustee | 1 | $0 |
Noubar Afeyan Board Chairsecretary | OfficerTrustee | 2 | $0 |
Arman Jilavyan Chief Executive Officerpresi | Officer | 10 | $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 | $6,081,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,081,950 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,081,950 |
| 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 | $3,210,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,221 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $100,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236,983 |
| Advertising and promotion | $0 |
| Office expenses | $3,452 |
| Information technology | $8,820 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,939 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,722,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,557,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,042,561 |
| 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 | $5,872 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,606,351 |
| Accounts payable and accrued expenses | $88,322 |
| Grants payable | $1,045,500 |
| 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 | $0 |
| Total liabilities | $1,133,822 |
| Net assets without donor restrictions | -$53,571 |
| Net assets with donor restrictions | $2,526,100 |
| 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 | $3,606,351 |
Grants Awarded
Over the last fiscal year, Aurora Humanitarian Initiative Foundation Inc has awarded $160,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CREATING HOPE INT'L PURPOSE: HUMANITARIAN CAUSES AND PROJECTS | $10,000 |
NY CITY HEALTH AND HOSPITALS CORP PURPOSE: TO SUPPORT GENERAL MISSION AND PURPOSES | $100,000 |
AFRICAN MISSION HEALTHCARE FOUNDATION PURPOSE: TO SUPPORT GENERAL MISSION AND PURPOSES | $50,000 |