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Nonprofiteer
← ANCA ENDOWMENT FUND

Form 990 for tax year 2022

Filed by ANCA ENDOWMENT FUND.

Totals

Total revenue
$1,548,028
Total expenses
$957,733
Contributions and grants received
$1,397,395
Grants paid
$508,000
Program service revenue
$0
Investment income
$10,121
Other revenue
$140,512
Total assets, end of year
$7,419,584
Total liabilities, end of year
$230,286
Net assets or fund balances, end of year
$7,189,298
Program services expenses (Part IX)
$730,825
Management and general expenses
$79,503
Fundraising expenses
$147,405
Program service expenses (Part III)
$730,825

Program services were 76.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,397,395

  • 1g · Noncash contributions included above

    $209

  • 3 · Investment income

    total $9,450 · excluded $9,450

  • 6a · Gross rents

    real property $201,600

  • 6b · Less rental expenses

    real property $61,088

  • 6c · Rental income or loss

    real property $140,512

  • 6d · Net rental income or loss

    total $140,512 · excluded $140,512

  • 7a · Gross sales of assets other than inventory

    securities $54,484

  • 7b · Less cost or other basis and sales expenses

    securities $53,813

  • 7c · Gain or loss

    securities $671

  • 7d · Net gain or loss

    total $671 · excluded $671

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $508,000 · program services $508,000

  • 11c · Fees: accounting

    total $10,750 · management and general $10,750

  • 11f · Fees: investment management

    total $42 · management and general $42

  • 11g · Fees: other

    total $119,700 · program services $8,460 · management and general $57,358 · fundraising $53,882

  • 12 · Advertising and promotion

    total $5,325 · program services $5,325

  • 13 · Office expenses

    total $91,837 · program services $2,376 · management and general $73 · fundraising $89,388

  • 14 · Information technology

    total $20,254 · program services $20,254

  • 16 · Occupancy

    total $41,441 · program services $35,022 · management and general $4,999 · fundraising $1,420

  • 19 · Conferences, conventions and meetings

    total $54,883 · program services $54,883

  • 20 · Interest

    total $31,996 · program services $31,996

  • 22 · Depreciation, depletion and amortization

    total $62,167 · program services $54,589 · management and general $5,903 · fundraising $1,675

  • 23 · Insurance

    total $2,942 · program services $2,457 · management and general $378 · fundraising $107

  • 24a · Other expenses: SUBSCRIPTIONS

    total $7,731 · program services $7,463 · fundraising $268

  • 24b · Other expenses: DONOR GIFTS

    total $665 · fundraising $665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $851,516 · end of year $345,022

  • 2 · Savings and temporary cash investments

    beginning of year $2,265,533 · end of year $2,490,284

  • 4 · Accounts receivable

    beginning of year $1,022 · end of year $12,500

  • 9 · Prepaid expenses and deferred charges

    end of year $4,529

  • 10a · Land, buildings and equipment: cost or other basis

    $4,753,386

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,190,156

  • 10c · Land, buildings and equipment, net

    beginning of year $3,645,482 · end of year $3,563,230

  • 11 · Investments: publicly traded securities

    beginning of year $1,152,667 · end of year $1,004,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,042 · end of year $23,606

  • 18 · Grants payable

    beginning of year $51,000 · end of year $48,000

  • 23 · Secured mortgages and notes payable

    beginning of year $801,214

  • 25 · Other liabilities

    beginning of year $77,112 · end of year $158,680

  • 27 · Net assets without donor restrictions

    beginning of year $6,098,283 · end of year $6,286,526

  • 28 · Net assets with donor restrictions

    beginning of year $862,569 · end of year $902,772

Mission and programs · 2022

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES TO YOUNG ADULTS WISHING TO BECOME INVOLVED IN U.S. GOVERNMENT AND NOT FOR PROFIT ACTIVITIES THROUGH INTERNSHIPS AND TO PROVIDE EDUCATIONAL MATERIALS CONCERNING ISSUES OF IMPORTANCE TO THE AMERICAN-ARMENIAN COMMUNITY AND TO OTHER INTERESTED PARTIES.

  • CAPITAL GATEWAY PROGRAM: THE ANCA ENDOWMENT FUND GRANTS FUNDS TO THE ANCA TO SUPPORT THE ANCA HOVIG APO SAGHDEJIAN CAPITAL GATEWAY PROGRAM DESIGNED TO GIVE QUALIFIED UNIVERSITY STUDENTS AND GRADUATES AN OPPORTUNITY TO EXPLORE PART-TIME INTERNSHIP AND FULL-TIME JOB OPPORTUNITIES IN WASHINGTON, DC.

    Expenses $378,615 · Grants $257,900

  • COMMUNITY OUTREACH/EDUCATION PROGRAM: THE ANCA ENDOWMENT FUND DIRECTLY FUNDS EVENTS AND OFFERS GRANTS TO SUPPORT THE ONGOING COMMUNITY EDUCATION AND OUTREACH EFFORTS OF THE ARMENIAN NATIONAL COMMITTEE OF AMERICA (ANCA) AND OTHER SIMILAR ORGANIZATIONS. GRANTS GENERALLY FUND EVENTS AND PROGRAMS WHICH PROMOTE GREATER UNDERSTANDING OF ARMENIAN HISTORY AND COMMUNITY CONCERNS AS WELL AS ENCOURGAGE EXPANDED ARMENIAN AMERICAN CIVIC AWARENESS AND INVOLVEMENT THROUGHOUT THE UNITED STATES.

    Expenses $352,210 · Grants $250,100

  • ARMENIAN LEGAL CENTER LEGAL PROGRAM GRANT: THE ANCA ENDOWMENT FUND GRANTED FUNDS IN 2017 TO THE ARMENIAN LEGAL CENTER FOR JUSTICE AND HUMAN RIGHTS TO WORK WITH THE LEGAL COMMMUNITY IN OFFERING RESEARCH AND COMMENTARY REGARDING LITIGATION IMPACTING RECOVERY OF ARMENIAN GENOCIDE ERA ASSETS AND ARMENIAN GENOCIDE EDUCATION. THERE WAS NO ACTIVITY IN THE LEGAL CENTER PROGRAM DURING 2021.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Hekimian

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Abraham Saghdejian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bedros Bandazian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Raffi Hamparian

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Aram Hamparian

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • ARMENIAN NATIONAL COMMITTEE OF AMERICA

    $508,000

    TO PROMOTE AND SUSTAIN ARMENIAN CULTURE AND PROVIDE OPPORTUNITIES FOR YOUNG ADULTS TO INTERN WITH US GOVERNMENT AND VARIOUS NOT FOR PROFIT AGENCIES LOCATED IN WASHINGTON DC.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349310071

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