Armenia Fund Inc is located in Glendale, CA. The organization was established in 1995. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Armenia Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenia Fund 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 12/2021, Armenia Fund Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $4.4m 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
SUPPORT THE PEOPLE OF ARMENIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING AND IMPLEMENTATION MANAGEMENT FOR ARTSAKH HOUSING, DAMAGED INFRASTRUCTURE IMPROVEMENTS, MEDICAL/SURGICAL SERVICES AND SUPPLIES/EQUIPMENT AND SHIPPING, HUMANITARIAN ASSISTANCE AND EDUCATIONAL PROGRAMS FOR IDPS. CONTINUED REHABILITATION AND REPAIR OF EXISTING HOUSING, CONSTRUCTION OF NEW MULTI-FAMILY AND SINGLE-FAMILY HOUSING UNITS FOR INTERNALLY DISPLACED PERSONS (IDP), AND REHABILITATION AND IMPROVEMENTS OF DAMAGED INFRASTRUCTURE, TRANSPORTATION AND COMMUNICATIONS, SCHOOLS AND EDUCATIONAL AND COMMUNITY CENTERS, FOR VICTIMS OF THE WAR. TIGRAN HAKOBYAN/HOUSING IN STEPANAVAN FOR DISPLACED FAMILIES PROVIDED HOUSING TO ACCOMMODATE IDPS IN CONFLICT ZONE; AND, MULTI-PRONGED HUMANITARIAN PROGRAM CONSISTING OF MEDICAL AND SURGICAL EQUIPMENT AND SUPPLIES AND AIR CARGO OCEANIC SHIPPING OF HUMANITARIAN AID; AMBULANCES AND LIFE-CRITICAL EQUIPMENT; PROSTHETICS TOOLS AND MATERIALS FOR UPPER AND LOWER LIMBS, HEARING AIDS, ULTRASOUND MACHINES FOR PHYSIOTHERAPY, MEDICAL EQUIPMENT AND PSYCHOLOGICAL SUPPORT SERVICES FOR VICTIMS AND FAMILIES. GENERAL MEDICAL ASSISTANCE AND SUPPLIES; DISABLED VETERANS AND FAMILIES ASSISTANCE; EDUCATION PROGRAM SUPPORT FOR FAMILIES IN NEED.
FUNDING AND IMPLEMENTATION MANAGEMENT FOR HOUSING AND HUMANITARIAN ASSISTANCE TO EXTREMELY POOR IN REMOTE VILLAGES AND GYUMRI EARTHQUAKE VICTIMS HOUSING AND REHAB/IT CENTER.A MULTI-YEAR, PHASED HOUSING CONSTRUCTION PROJECT IN THE CITY OF GYUMRI TO RELOCATE FAMILIES, WHO FOLLOWING THE 1988 EARTHQUAKE HAVE LIVED IN INADEQUATE CONDITIONS, TO PERMANENT HOUSING. TWO BUILDINGS OF 15-UNITS WILL ALSO HOUSE FAMILIES OF LOST AND INJURED SERVICEMEMBERS OF THE 44-DAY WAR. CONSTRUCTION OF A REHABILITATION AND PALLIATIVE CARE PROGRAM CENTER IN THE CITY OF GYUMRI WITH THE JOSEPH AND ALYCE DORIAN FOUNDATION. A COLLABORATIVE PROJECT WITH THE WESTERN DIOCESE OF ARMENIAN CHURCH TO PROVIDE DIRECT ASSISTANCE, HOUSING, HEALTH CARE AND SOCIAL SERVICES TO EXTREMELY POOR EMPLOYEES OF THE WESTERN DIOCESE IN REMOTE VILLAGES.
FUNDING AND IMPLEMENTATION MANAGEMENT FOR GLOBAL ARMENIAN DIASPORA RELIEF EDUCATIONAL AND CULTURAL CENTERS.UNDER THE DIRECT OVERSIGHT OF THE HOLY SEA OF CILICIA, THE FUNDS WERE ALLOCATED EQUITABLY TO THE MOST VULNERABLE SEGMENTS OF THE COMMUNITY, CHILDREN, THE ELDERLY, THOSE IN NEED OF MEDICAL CARE, AND DISPLACED FAMILIES, AS WELL AS ARMENIAN EDUCATIONAL INSTITUTIONS IN NEED OF ASSISTANCE.
1. SOH USA$124,650FUNDING TO SUPPORT OUR HEROS (SOH) PROGRAM IMPLEMENTED A NUMBER OF RELATED PROGRAMS INCLUDING THE FINAL STAGES OF THE REHAB CENTER IN STEPANAKERT HOSPITAL, RECONSTRUCTION OF THE HOSPITAL IN MARTAKERT, REPATRIATION OF YOUNG, MULTI-CHILD DISPLACED ARTSAKH FAMILIES TO THE ASKERAN, MARTAKERT AND THE MARTUNI AREAS, AND 5 ALL TERRAIN FULLY EQUIPPED AMBULANCES. 2. SAV-ON-MONOLAN/IT EDUCATION$19,452FUNDING TO SUPPORT THE INSTALLATION OF NEW IT EQUIPMENT AND PROGRAMS IN ARMENIA'S RURAL REMOTE SCHOOLS IN VILLAGES AND DISADVANTAGED AREAS THAT DO NOT HAVE ACCESS TO IT RESOURCES. THE PROGRAM INCLUDED TRAINING, PROGRAMMING, EXECUTION AND IMPLEMENTATION OF NEW IT EQUIPMENT, PROGRAMS AND PROTOCOLS FOR K-12 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Azatui Karaoglanyan Executive Director | OfficerTrustee | 40 | $90,000 |
Ara Movsessian Secretary | Officer | 4 | $0 |
Seda Yaghoubian Treasurer | Officer | 8 | $0 |
Maria Mehranian President | Officer | 20 | $0 |
Avedik Izmirlian Director | Trustee | 2 | $0 |
Bishop Mikael Mouradian Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $33,000 |
All other contributions, gifts, grants, and similar amounts not included above | $7,405,183 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,438,183 |
Total Program Service Revenue | $0 |
Investment income | $623,763 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$61,152 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,000,794 |
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 | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $90,000 |
Compensation of current officers, directors, key employees. | $18,900 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $64,172 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10,725 |
Payroll taxes | $13,176 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,227 |
Fees for services: Accounting | $82,014 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $23,669 |
Advertising and promotion | $41,580 |
Office expenses | $10,176 |
Information technology | $7,443 |
Royalties | $0 |
Occupancy | $45,480 |
Travel | $63,644 |
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 | $16,429 |
All other expenses | $199,865 |
Total functional expenses | $4,446,147 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,740,577 |
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 | $0 |
Investments—publicly traded securities | $52,858,361 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $68,598,938 |
Accounts payable and accrued expenses | $40,568 |
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 | $0 |
Total liabilities | $40,568 |
Net assets without donor restrictions | $67,933,384 |
Net assets with donor restrictions | $624,986 |
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 | $68,598,938 |
Over the last fiscal year, we have identified 51 grants that Armenia Fund Inc has recieved totaling $2,035,505.
Awarding Organization | Amount |
---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $775,075 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $775,075 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $96,256 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $73,652 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65,591 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $38,692 |
Organization Name | Assets | Revenue |
---|---|---|
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |
Childrens Legal Services Of San Diego San Diego, CA | $3,320,083 | $4,712,343 |