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Nonprofiteer
← ARMENIAN RELIEF SOCIETY INC

Form 990 for tax year 2022

Filed by ARMENIAN RELIEF SOCIETY INC.

Totals

Total revenue
$3,929,182
Total expenses
$2,490,161
Contributions and grants received
$3,642,050
Grants paid
$1,998,400
Program service revenue
$171,419
Investment income
$114,153
Other revenue
$1,560
Total assets, end of year
$8,679,892
Total liabilities, end of year
$427,470
Net assets or fund balances, end of year
$8,252,422
Program services expenses (Part IX)
$2,123,122
Management and general expenses
$274,419
Fundraising expenses
$92,620
Program service expenses (Part III)
$2,123,122

Program services were 85.3% 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.

  • 1b · Membership dues

    $176,830

  • 1c · Fundraising events

    $174,374

  • 1f · All other contributions, gifts and grants

    $3,290,846

  • 2a · Program service revenue: ADMINISTRATIVE PROGRAM

    total $171,419 · related or exempt $171,419

  • 3 · Investment income

    total $72,466 · excluded $72,466

  • 7a · Gross sales of assets other than inventory

    securities $981,671

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

    securities $939,984

  • 7c · Gain or loss

    securities $41,687

  • 7d · Net gain or loss

    total $41,687 · excluded $41,687

  • 8a · Fundraising events: gross income

    $6,361

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

    $174,374

  • 8b · Fundraising events: direct expenses

    $6,361

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $1,560 · excluded $1,560

  • 11e · Other revenue, total

    $1,560

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,998,400 · program services $1,998,400

  • 5 · Compensation of officers, directors and key employees

    total $41,250 · program services $16,500 · management and general $8,250 · fundraising $16,500

  • 7 · Other salaries and wages

    total $125,907 · program services $50,363 · management and general $25,181 · fundraising $50,363

  • 9 · Other employee benefits

    total $5,195 · program services $2,078 · management and general $1,039 · fundraising $2,078

  • 10 · Payroll taxes

    total $9,035 · program services $3,614 · management and general $1,807 · fundraising $3,614

  • 11c · Fees: accounting

    total $105,325 · management and general $105,325

  • 11f · Fees: investment management

    total $17,814 · management and general $17,814

  • 11g · Fees: other

    total $2,468 · management and general $2,468

  • 12 · Advertising and promotion

    total $1,851 · management and general $1,851

  • 13 · Office expenses

    total $45,140 · management and general $45,140

  • 16 · Occupancy

    total $48,605 · management and general $48,605

  • 17 · Travel

    total $50,162 · program services $20,065 · management and general $10,032 · fundraising $20,065

  • 22 · Depreciation, depletion and amortization

    total $35,669 · program services $32,102 · management and general $3,567

  • 24a · Other expenses: TELEPHONE

    total $2,437 · management and general $2,437

  • 24b · Other expenses: POSTAGE & MAILING

    total $903 · management and general $903

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,518,007 · end of year $2,685,466

  • 2 · Savings and temporary cash investments

    beginning of year $847,766 · end of year $1,299,395

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,175 · end of year $332

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

    $1,116,962

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

    $323,116

  • 10c · Land, buildings and equipment, net

    beginning of year $829,515 · end of year $793,846

  • 11 · Investments: publicly traded securities

    beginning of year $3,623,384 · end of year $3,576,995

  • 15 · Other assets

    beginning of year $103,072 · end of year $323,858

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,030 · end of year $102,322

  • 25 · Other liabilities

    beginning of year $103,072 · end of year $325,148

  • 27 · Net assets without donor restrictions

    beginning of year $518,521 · end of year $752,112

  • 28 · Net assets with donor restrictions

    beginning of year $6,175,296 · end of year $7,500,310

Mission and programs · 2022

Mission

TO SERVE THE HUMANITARIAN NEEDS OF THE ARMENIAN PEOPLE AND SEEK TO PRESERVE THE CULTURAL IDENTITY OF THE ARMENIAN NATION THROUGHOUT THE WORLD. MOREOVER, TO AID PEOPLE IN NEED, ARMENIAN AND NON-ARMENIAN, DUE TO NATURAL AND MAN-MADE DISASTERS.

  • HOSPITAL RENOVATION: THIS PROGRAM PROVIDED FINANCIAL ASSISTANCE TO THE HOSPITAL RENOVATION IN YEREVAN IN ARMENIA.

    Expenses $318,620 · Grants $318,620 · Revenue $4,303

  • CHILDREN OF FALLEN HEROES: THIS PROGRAM SUPPORTS CHILDREN WHO LOST PARENTS DUE TO WAR OR NATURAL DISASTER.

    Expenses $271,746 · Grants $271,746 · Revenue $19,402

  • SYRIAN EARTHQUAKE: THIS PROGRAM PROVIDED ASSISTANCE TO THE ARMENIAN COMMUNITY IMPACTED BY THE DEVASTATING 7.8 MAGNITUDE EARTHQUAKE THAT STRUCK NORTHERN SYRIA ON FEBRUARY 6, 2023.

    Expenses $171,417 · Grants $171,417 · Revenue $67,569

  • THE ARMENIAN RELIEF SOCIETY (ARS) SPONSORS AND SUPPORTS MANY HUMANITARIAN PROGRAMS WORLDWIDE WHICH HAVE EDUCATIONAL, CULTURAL, HEALTHCARE AND HEALTH PROMOTING, ECONOMIC, AND DISASTER RELIEF AID NATURES. WE SUPPORT ORPHANS THROUGH OUR SPONSOR A CHILD, AND SPONSOR A STUDENT PROGRAMS. WE PROVIDE EDUCATIONAL INCENTIVES THROUGH OUR OUTSTANDING STUDENT, SCHOLARSHIPS, AND CAMP JAVAKHK PROGRAMS. WE FUND KINDERGARTENS TO GIVE A HEALTHY EDUCATIONAL START TO CHILDREN. THROUGH OUR MOTHER AND CHILD BIRTHING CENTER, WE PROMOTE HEALTH EDUCATION DURING PREGNANCY.AS FOR THE ELDERLY, WE FUND PROGRAMS WHICH PROVIDE HOT MEALS TO THE ELDERLY AND UNDERPRIVILEGED FAMILIES. WE ALSO HELP WOUNDED SOLDIERS BY ASSISTING WITH THEIR REHABILITATION PROCESS.FINALLY, WE ASSIST FAMILIES IN RURAL AREAS BY PROVIDING THEM WITH GREENHOUSES TO ENCOURAGE SMALL BUSINESSES AND PROMOTE THE ECONOMIC GROWTH OF THE AREAS SO THE FAMILIES CAN BECOME FINANCIALLY SELF-SUFFICIENT AND INDEPENDENT.

    Expenses $1,361,339 · Grants $1,236,617 · Revenue $80,145

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

Listed in Part VII

  • Nyree Derderian

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    15
  • Mayda Melkonian

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    15
  • Maral Matossian

    SECRETARY

    Total calculated
    $0
    Hours/week
    15
  • Silva Takvorian

    TREASURER

    Total calculated
    $0
    Hours/week
    15
  • Arminee Karabetian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15
  • Taline Mkrtschjan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15
  • Nelly Vekilian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Lisa Tchalikian Gillibert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Hamesdougi Beugekian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • Nora Sevagian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Arousyak Melkonian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8
  • Meghrig Nerkizian

    EXECUTIVE DIRECTOR

    Total calculated
    $17,981
    From this org
    $17,981
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202420889349301232

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