Afeyan Foundation For Armenia Inc
- Assets
- $16.3m
- Revenue
- $761.2k
- Investments
- $93.7k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-2341831
Organization Overview
Afeyan Foundation For Armenia Inc is located in Cambridge, MA. The organization was established in 2020. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afeyan Foundation For Armenia 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 12/2022, Afeyan Foundation For Armenia Inc generated $761.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.9%) each year.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $749,576 |
| Interest on Savings | $103 |
| Dividends & Interest | $1,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,629 |
| Capital Gain Net Income | $333,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $761,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,561 |
| Contributions, gifts, grants paid | $650,000 |
| Total expenses and disbursements | $667,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,922 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $93,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,206,600 |
| Total assets | $16,307,205 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Afeyan Foundation For Armenia Inc has awarded $650,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR ARMENIAN SCIENCE AND TECHNOLOGY (FAST) PURPOSE: DEVELOPMENT OF SCIENCE AND TECHNOLOGY IN ARMENIA, AND THEREBY ENHANCING THE COMPETITIVENESS OF ARMENIA. THE FOUNDATION FOR ARMENIAN SCIENCE AND TECHNOLOGY (FAST) IS A NON-PROFIT ORGANIZATION ESTABLISHED IN 2017 WITH THE MISSION TO BUILD AN ECOSYSTEM THAT DRIVES TECHNOLOGICAL INNOVATION AND SCIENTIFIC ADVANCEMENT IN ARMENIA AND BEYOND. IT HAS US CERTIFIED PUBLIC CHARITY STATUS BY NGOSOURCE, A PROJECT OF COUNCIL ON FOUNDATIONS, AND TECHSOUP. | $500,000 |
ARMENIA 2020 INC PURPOSE: TO SUPPORT ARMENIA 2041 | $150,000 |