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 12/2022, Armenia Fund Inc employed 3 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 12/2022, Armenia Fund Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $10.1m 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
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 IDPSPROGRAM EXPENSE: $7,786,4641. HOUSING ($4,286,464)- CONTINUED REHABILITATION AND REPAIR OF EXISTING HOUSING, CONSTRUCTION OF NEW MULTI-FAMILY AND SINGLE-FAMILY HOUSING UNITS FOR INTERNALLY DISPLACED PERSONS (IDP), MULTIPLE HOUSING, SINGLE AND MULTI-FAMILY PROJECTS IN STEPANAKERT, ASKERAN; FOLLOWING THE 2020 WAR AND THE DISPLACEMENT OF THOUSANDS OF FAMILIES FROM THEIR HOMES IN ARTSAKH (DUE TO DAMAGE/DESTRUCTION OF THEIR HOMES OR FORCED EVACUATION FROM OCCUPIED AREAS), ARMENIA FUND EMBARKED ON A ROBUST PROGRAM OF HOUSING CONSTRUCTION IN SAFER AND RELATIVELY PROTECTED AREAS OF ARTSAKH TO ACCOMMODATE THE DISPLACED FAMILIES; AND2. URGENT HUMANITARIAN ASSISTANCE ($500,000) - IN MID-DECEMBER 2022, AZERBAIJAN BLOCKED THE ONLY ROAD CONNECTING ARTSAKH TO ARMENIA KNOWN AS THE LACHIN CORRIDOR. THIS ROAD IS THE ONLY ROUTE THROUGH WHICH FOOD, MEDICINE AND OTHER GOODS NEEDED FOR NORMAL EVERYDAY NEEDS CAN BE TRANSPORTED FROM ARMENIA TO ARTSAKH. WITHOUT THIS ROAD, ARTSAKH IS UNDER COMPLETE BLOCKADE WITH NO OTHER SOURCE TO RECEIVE FOOD AND MEDICINE. THE ONLY WAY TO SEND HUMANITARIAN AID TO ARTSAKH AT THE TIME WAS THROUGH THE INTERNATIONAL RED CROSS WHICH COULD PURCHASE AND TRANSFER THE MATERIAL; AND THE ABOVE TRANSFER INCLUDED HUMANITARIAN ASSISTANCE TRANSFERRED TO HAAF WHICH, IN TURN WOULD TRANSFER TO THE RED CROSS FOR THE PURCHASE OF EVERYDAY STAPLES AND MEDICINE FOR THE BLOCKADED POPULATION OF ARTSAKH;AND3. INFRASTRUCTURE ( ($1,769,231)- REHABILITATION AND IMPROVEMENTS OF DAMAGED INFRASTRUCTURE, TRANSPORTATION AND COMMUNICATIONS) SCHOOLS AND EDUCATIONAL AND COMMUNITY CENTERS, FOR VICTIMS OF THE WAR; AND4. MEDICAL ($1,000,000)- PROCUREMENT OF MEDICAL EQUIPMENT AND SUPPLIES FOR THE STEPANAKERT MATERNITY HOSPITAL (ARTSAKH) WHICH WAS SEVERELY DAMAGED AS A RESULT OF THE 2020 WAR. PART OF A 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; AND5. FUNDING AND IMPLEMENTATION MANAGEMENT FOR HOUSING AND HUMANITARIAN ASSISTANCE TO EXTREMELY POOR IN REMOTE VILLAGES AND GYUMRI EARTHQUAKE VICTIMS HOUSING ($230,769)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. GYUMRI 2ND PHASE HOUSING PROJECT TO HOUSE THE VICTIMS OF THE EARTHQUAKE AND FALLEN AND INJURED SOLDIERS OF THE 2020 WAR IN THE CITY OF GYUMRI, ARMENIA.
DISABLED VETERANS AND FAMILIES ASSISTANCEPROGRAM EXPENSE: $63,912 A CONTINUING PROGRAM OF ASSISTANCE TO DISABLED VETERANS AND THEIR FAMILIES - AID TO THE INJURED VETERANS OF THE 44-DAY WAR AND THEIR FAMILIES INCLUDING EDUCATIONAL PROGRAMS AND OTHER SOCIAL SERVICES TO SUPPORT FAMILIES IN NEED. PARALYMPIC CYCLING ARMENIAPROGRAM EXPENSE: $16,600PARALYMPIC CYCLING ARMENIA - FOLLOWING THE 2020 ARTSAKH WAR, MANY WOUNDED SERVICEMEN WERE LEFT WITHOUT THE USE OF THEIR LIMBS. ARMENIA FUND, INC. AND LOCAL BICYCLE SHOP VELO PASADENA COLLABORATED ONCE AGAIN ON ANOTHER PROJECT TO PROMOTE ATHLETIC ADVANCEMENT FOR THOSE WHO FACED THIS DISADVANTAGE. TOGETHER WITH ARMENIA FUND, VELO PASADENA SPONSORED TWO PARALYMPIC CYCLISTS TO COMPETE IN THE 2022 EUROPEAN YOUTH SUMMER OLYMPIC FESTIVAL IN SLOVAKIA THIS JULY. ARMENIA FUND HELPED IN PROVIDING BICYCLES AND CYCLING GEAR TO THE PARALYMIC CYCLISTS, AND THE COLLABORATION CULMINATED IN A FUNDRAISING BIKE RIDE EVENT; ANDORPHANAGE PROGRAM IN TSAGHKADZOR PROGRAM EXPENSE: $5,000OUR LADY OF ARMENIA IS AN ORPHANAGE BASED IN GYUMRI, ARMENIA AND A SUMMER CAMP IN TSAGHKADZOR, ARMENIA. THE ORPHANAGE AND SUMMER CAMP PROVIDE UNDERPRIVILEGED CHILDREN WITH FOOD, SHELTER, CLOTHING, AND EDUCATION. IN 2022, THE ORPHANAGE WAS FUNDRAISING FOR THE RENOVATION OF A GYMNASIUM AND LIBRARY FOR THE CHILDREN. ARMENIA FUND, INC. PROMISED TO MATCH EVERY DOLLAR RAISED INDEPENDENTLY BY THE FUNDRAISING EFFORTS, UP TO $5,000 USD. ALL $5,000 USD WAS MET AND THE MATCHING DONATION WAS SENT.PARAATHLETICS FOUNDATION ($3,113)THE ARMENIAN PARAATHLETICS FOUNDATION, DEVELOPED BY WOUNDED ATHLETE STAS NAZARYAN, IS A FOUNDATION WHICH PROMOTES AND TRAINS PARA-ATHLETES IN ARMENIA. AFTER THE 44-DAY ARTSAKH WAR, IN 2020, STAS NAZARYAN AND HIS FELLOW PARALYMPIC ATHLETES DECIDED TO PUT THEIR YEARS OF EXPERIENCE TO THE SERVICE OF WOUNDED SOLDIERS. THE FOUNDATION IS VITAL FOR REBUILDING THE LIVES OF SOLDIERS WHO LOST LIMBS DURING THE WAR. ARMENIA FUND, INC. SUPPORTED THE FOUNDATION BY PROVIDING THEM WITH BRAND NEW ATHLETIC EQUIPMENT, INCLUDING WHEELCHAIRS AND BICYCLES. ADDITIONAL FUNDS WERE USED TO ORGANIZE A SPORTS REHABILITATION CAMP FOR WOUNDED SOLDIERS IN TSAGHKADZOR, ARMENIA.
MEDICAL/SURGICAL, HUMANITARIAN ASSISTANCE AND EDUCATIONAL PROGRAMS ($875,814)THIS MULTI-PRONGED HUMANITARIAN PROGRAM CONSISTED OF MEDICAL AND SURGICAL EQUIPMENT AND SHIPPING, AMBULANCES AND LIFE-CRITICAL EQUIPMENT, GENERAL MEDICAL ASSISTANCE AND SUPPLIES, HUMANITARIAN AID AIR CARGO AND OCEANIC SHIPPING, GENERAL MEDICAL ASSISTANCE AND SUPPLIES.
EXTREMELY POOR EMPLOYEE ASSISTANCE ($285,000) 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Abp Hovnan Derderian Director | Trustee | 2 | $0 |
Ara Movsessian Secretary | OfficerTrustee | 4 | $0 |
Avedik Izmirlian Director | Trustee | 2 | $0 |
Bishop Mikael Mouradian Director | Trustee | 2 | $0 |
Bishop Torkom Donoyan Director | Trustee | 2 | $0 |
Maria Mehranian President | OfficerTrustee | 20 | $0 |
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 | $1,455,753 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,455,753 |
Total Program Service Revenue | $0 |
Investment income | $1,088,280 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$1,082,576 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,461,457 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $183,600 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10,560 |
Payroll taxes | $15,347 |
Fees for services: Management | $0 |
Fees for services: Legal | $69,544 |
Fees for services: Accounting | $70,354 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $107,855 |
Advertising and promotion | $37,969 |
Office expenses | $6,796 |
Information technology | $27,386 |
Royalties | $0 |
Occupancy | $46,776 |
Travel | $43,361 |
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 | $7,297 |
All other expenses | $192,424 |
Total functional expenses | $10,131,468 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,229,476 |
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 | $47,107,265 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $52,336,741 |
Accounts payable and accrued expenses | $33,296 |
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 | $33,296 |
Net assets without donor restrictions | $51,678,459 |
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 | $52,336,741 |