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Nonprofiteer
← FRIENDS OF TEACH FOR ARMENIA INCORPORATED

Form 990 for tax year 2024

Filed by FRIENDS OF TEACH FOR ARMENIA INCORPORATED.

Totals

Total revenue
$1,422,807
Total expenses
$1,206,330
Contributions and grants received
$1,435,415
Grants paid
$863,550
Program service revenue
$0
Investment income
$0
Other revenue
-$12,608
Total assets, end of year
$1,262,464
Total liabilities, end of year
$7,063
Net assets or fund balances, end of year
$1,255,401
Program services expenses (Part IX)
$1,166,576
Management and general expenses
$35,851
Fundraising expenses
$3,903
Program service expenses (Part III)
$1,166,576

Program services were 96.7% 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.

  • 1c · Fundraising events

    $25,551

  • 1f · All other contributions, gifts and grants

    $1,409,864

  • 8a · Fundraising events: gross income

    $3,000

  • 8a · Fundraising events: contributions included on line 1c

    $25,551

  • 8b · Fundraising events: direct expenses

    $15,608

  • 8c · Net income from fundraising events

    total -$12,608 · excluded -$12,608

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $863,550 · program services $863,550

  • 11b · Fees: legal

    total $13,243 · management and general $13,243

  • 11c · Fees: accounting

    total $9,949 · management and general $9,949

  • 11g · Fees: other

    total $238,459 · program services $227,757 · management and general $8,026 · fundraising $2,676

  • 13 · Office expenses

    total $3,392 · program services $3,246 · management and general $119 · fundraising $27

  • 14 · Information technology

    total $9,871 · program services $9,082 · management and general $592 · fundraising $197

  • 17 · Travel

    total $3,902 · program services $3,814 · management and general $66 · fundraising $22

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $43,903 · program services $40,391 · management and general $2,634 · fundraising $878

  • 24b · Other expenses: OUTREACH

    total $20,061 · program services $18,736 · management and general $1,222 · fundraising $103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,580,312 · end of year $1,262,464

  • 17 · Accounts payable and accrued expenses

    beginning of year $541,388 · end of year $7,063

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,038,924 · end of year $1,255,401

Mission and programs · 2024

Mission

TO ELIMINATE EDUCATIONAL INEQUITY, ESPECIALLY IN ARMENIA, BY WORKING WITH THE TEACH FOR ALL NETWORK TO RAISE FUNDS TO IMPROVE EDUCATIONAL OUTCOMES WITH POVERTY STRICKEN CHILDREN, RECRUITING AND TRAINING RECENT COLLEGE GRADUATES, AND LAUNCHING FUNDRAISING CAMPAIGNS TO FINANCE ALL OBJECTIVES ABOVE.

Activities or mission (Part I)

AIMS TO RAISE FUNDS TO IMPROVE EDUCATIONAL OUTCOMES FOR STUDENTS IN UNDERSERVED COMMUNITIES.

  • WE RAISE VITAL RESOURCES TO FUND INDIVIDUALS AND ORGANIZATIONS WHO ARE WORKING TO ADDRESS THE ROOT CAUSES OF EDUCATIONAL INEQUITY IN ARMENIA.

    Expenses $675,251 · Grants $543,128

  • WE PARTNER WITH INDIVIDUALS AND ORGANIZATIONS TO ENABLE INNOVATIVE SOLUTIONS SO THAT ALL KIDS CAN HAVE ACCESS TO A GREAT EDUCATION.

    Expenses $433,684 · Grants $268,000

  • WE BUILD AWARENESS AROUND THE ISSUE OF EDUCATIONAL INEQUITY IN ARMENIA THROUGH EVENTS, FORUMS, AND VOLUNTEER PROGRAMS.

    Expenses $57,641 · Grants $52,422

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larisa Hovannisian

    CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Andy Torosyan

    CFO

    Total calculated
    $0
    Hours/week
    5

  • Suren Seropian

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Sylva Simonian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Carol Aslanian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
9 July 2025
IRS schema version
2024v5.2
Source object
202532049349301403

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