Form 990 for tax year 2022

What the amendment changed

Compared with the latest return for 2022 , filed 17 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$38,755,110 →changed to $42,419,928

Total expenses

$28,642,760 →changed to $29,326,954

Contributions and grants received

$30,958,261 →changed to $34,027,889

Grants paid

$16,310,082 →changed to $16,310,083

Investment income

$6,944,370 →changed to $7,544,801

Other revenue

$70,892 →changed to $65,651

Total assets, end of year

$297,525,915 →changed to $285,357,425

Net assets or fund balances, end of year

$292,372,174 →changed to $280,203,684

Management and general expenses

$3,222,923 →changed to $3,907,117

Totals

Total revenue

$38,755,110

Total expenses

$28,642,760

Contributions and grants received

$30,958,261

Grants paid

$16,310,082

Program service revenue

$781,587

Investment income

$6,944,370

Other revenue

$70,892

Total assets, end of year

$297,525,915

Total liabilities, end of year

$5,153,741

Net assets or fund balances, end of year

$292,372,174

Program services expenses (Part IX)

$24,569,818

Management and general expenses

$3,222,923

Fundraising expenses

$850,019

Program service expenses (Part III)

$24,569,818

Program services were 85.8% 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.

Mission and programs · 2022

• EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS LEARNING INSTITUTIONS TO ELEVATE AND EXPAND THE REACH OF ARMENIAN STUDIES. IN ADDITION, WE STRIVE TO EXPOSE THE WORLD TO THE UNIQUE ATTRIBUTES OF THE ARMENIAN NATION AND ITS CONTRIBUTIONS TO THE CIVILIZED WORLD SINCE ANCIENT TIMES. BY EMBRACING DIVERSE PERSPECTIVES, AGBU IS A GATEWAY TO RICH EDUCATIONAL EXPERIENCES FOR LEARNERS AT EACH STAGE OF LIFE.

  Expenses $7,567,529 · Grants $5,377,941 · Revenue $781,587

• CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE - ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS WELL AS ANCIENT, FOLK AND RELIGIOUS TRADITIONS HELP DRIVE THE AGBU MISSION TO UPLIFT ARMENIAN LIVES THROUGH CREATIVE EXPRESSION. OVER THE DECADES, AGBU HAS LAUNCHED AN ARRAY OF CULTURAL INITIATIVES THAT CONNECT ARMENIANS IN EVERY GENERATION ACROSS THE WORLD. WE ALSO ENCOURAGE RISING TALENTS TO EXPLORE THEIR POTENTIALS, AND WE PARTNER WITH WORLD-CLASS INSTITUTIONS TO SHARE OUR GIFTS WITH GLOBAL AUDIENCES.

  Expenses $14,854,180 · Grants $9,060,554

• SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND - IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE IDENTITY WITHIN THE BOUNDARIES OF A LAND THAT IS AT ONCE A SOVEREIGN NATION STATE AND AN ANCESTRAL HOMELAND. AGBU WORKS TO STRENGTHEN THE COUNTRY BY PROVIDING INFRASTRUCTURES AND RESOURCES TO CARVE A PATH TO UPWARD MOBILITY. THESE NATION-BUILDING STRATEGIES ARE ESSENTIAL TO FUELING THE ECONOMIC GROWTH CRITICAL TO LONG-TERM NATIONAL VIABILITY. WITH OUR SAFETY NETS FOR THE MOST VULNERABLE, OUR STEPPING STONES FOR JOB SEEKERS AND AMBITIOUS ENTREPRENEURS, AND OUR BRIDGES THAT CONNECT KEY INDUSTRIES TO WORLD MARKETS, AGBU'S COMMITMENT TO HELPING ARMENIA IS REFLECTED IN WELL-DESIGNED STRATEGIC PROGRAMS AND PROJECTS AIMED AT STEADY ECONOMIC GROWTH AND SUSTAINABILITY.

  Expenses $739,269 · Grants $739,243

• HUMANITARIAN RELIEF - SERVING HUMANITY WITH CARE AND COMPASSION - SINCE OUR FOUNDING, AGBU HAS BEEN ON THE FRONTLINES OF EMERGENCY RELIEF. OUR VAST INTERNATIONAL NETWORK HAS PROVEN US A TRUSTWORTHY AND EFFICIENT LOCAL RESOURCE ON THE GROUND, WHEREVER DANGER AND PERIL ERUPTS. EVEN BEFORE THE ARMENIAN GENOCIDE, IN TIMES OF FAMINE AND REGIONAL UNREST, OUR LEADERS AND MEMBERS MOBILIZED ACROSS BORDERS TO DELIVER SUSTENANCE AND AID TO THOSE IN NEED. IN THE DECADES TO FOLLOW, ARMENIANS FACING HARDSHIPS COULD COUNT ON OUR SPEEDY RESPONSE AND LONG-TERM ASSISTANCE AS A LIFELINE AND BRIDGE TO RECOVERY.GIVEN THE ARMENIAN PEOPLE'S OWN HISTORY OF OVERCOMING UNSPEAKABLE TRAGEDIES AND LOSSES, WE ARE HIGHLY ATTUNED TO HUMAN SUFFERING. THIS INSPIRES US TO GIVE BACK, NOT ONLY TO OUR OWN COMMUNITIES BUT ALSO NON-ARMENIANS IN DEEP CRISIS AND DISTRESS. WITH SO MUCH UNREST AND UNCERTAINTY IN TODAY'S WORLD, AGBU CONTINUES TO ASSIST THOSE WHO NEED IT MOST THROUGH PANDEMIC, CIVIL UNREST, WAR AND NATURAL DISASTERS.

  Expenses $1,408,840 · Grants $1,132,344

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

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• TUMO FOUNDATION

  $6,350,000

  EDUCATIONAL

• AMERICAN UNIVERSITY OF ARMENIA CORP

  $645,761

  EDUCATIONAL

• AGBU MANOOGIAN-DEMIRDJIAN SCHOOL CANOGA PARKCA

  $253,137

  EDUCATIONAL

• COLUMBIA UNIVERSITY IRVING MEDICAL CENTER

  $140,000

  EDUCATIONAL

• CREATIVE ARMENIA

  $100,000

  CULTURAL

• AMVETS

  $71,395

  EDUCATIONAL

• THE ARAGATS FOUNDATION

  $54,100

  EDUCATIONAL

• ST MARY ARMENIAN CHURCH

  $20,000

  CULTURAL

• POMEGRANATE FOUNDATION

  $10,000

  HUMANITARIAN

• SAINT JOSEPH UNIVERSITY FOUNDATION BEIRUT INC

  $10,000

  CULTURAL

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• AGBU MANOOGIAN-DEMIRDJIAN SCHOOL

  501(C)(3) · EDUCATIONAL · CA

• AGBU VATCHE & TAMAR MANOUKIAN HIGH SCHOOL

  501(C)(3) · EDUCATIONAL · CA

• AGBU ARMEN ONTARIO

  HUMANITARIAN, CULTURAL · CA

• AGBU ECOLE ARMEN QUEBEC DE L'UGAB

  EDUCATIONAL · CA

• AGBU COLEGIO Y LICEO NUBARIAN- ALEX MANOOGIAN SCHOOL

  EDUCATIONAL · UY

• AGBU CORDOBA CHAPTER

  CULTURAL · AR

• AGBU DISTRICT COMMITTEE OF LEBANON

  EDUCATIONAL, CULTURAL & HUMANITARIAN · LE

• UNION GENERALE ARMENIENNE DE BIENFAISANCE DE MONTREAL INC(CANADA)

  CULTURAL · CA

• AGBU VIENNA CHAPTER

  CULTURAL · AU

• AGBU PAREKORDZAGAN PLOVDIV

  CULTURAL · BU

• AGBU PAREKORDZAGAN SOFIA

  CULTURAL · BU

• AGBU IRAQ

  HUMANITARIAN · IZ

• AGBU NICOSIA CHAPTER

  CULTURAL · CY

• UNION GENERAL ARMENIA DE BENEFICENCIA (ARGENTINA)

  EDUCATIONAL · AR

• UNION GENERALE ARMENIENNE DE BIENFAISANCE (FRANCE)

  EDUCATIONAL, CULTURAL & HUMANITARIAN · FR

• AGBU VIRTUAL COLLEGE

  EDUCATIONAL · AM

• AGBU YEREVAN OFFICE

  EDUCATIONAL, CULTURAL & HUMANITARIAN · AM

• AGBU MELBOURNE

  EDUCATIONAL, CULTURAL & HUMANITARIAN · AS

Provenance

Return type

form_990

Tax year

2022

Filed

13 November 2023

IRS schema version

2022v5.0

Source object

202313189349306676

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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