Totals
- Total revenue
- $14,397,861
- Total expenses
- $7,379,463
- Contributions and grants received
- $14,430,612
- Grants paid
- $6,652,774
- Program service revenue
- $0
- Investment income
- $19,857
- Other revenue
- -$52,608
- Total assets, end of year
- $16,440,882
- Total liabilities, end of year
- $156,316
- Net assets or fund balances, end of year
- $16,284,566
- Program services expenses (Part IX)
- $6,943,577
- Management and general expenses
- $272,585
- Fundraising expenses
- $163,301
- Program service expenses (Part III)
- $6,943,577
Program services were 94.1% 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
$10,915,722
-
1f · All other contributions, gifts and grants
$3,514,890
-
3 · Investment income
total $19,857 · related or exempt $19,857
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$409,962
-
8a · Fundraising events: contributions included on line 1c
$10,915,722
-
8b · Fundraising events: direct expenses
$462,570
-
8c · Net income from fundraising events
total -$52,608 · excluded -$52,608
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $6,652,774 · program services $6,652,774
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $552,798 · program services $201,493 · management and general $272,585 · fundraising $78,720
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $8,797 · program services $8,797
-
11c · Fees: accounting
total $27,000 · program services $27,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $17,225 · program services $17,225
-
14 · Information technology
total $37,652 · program services $14,284 · fundraising $23,368
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $5,341 · program services $5,341
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $8,993 · program services $8,993
-
24a · Other expenses: GENERAL EXPENSES
total $15,565 · fundraising $15,565
-
24b · Other expenses: POSTAGE
total $15,552 · program services $5,970 · fundraising $9,582
-
24c · Other expenses: OUTSIDE CONSULTING
total $15,034 · fundraising $15,034
-
24d · Other expenses: BUSINESS DEVELEOPMENT
total $11,167 · fundraising $11,167
-
24e · All other expenses
total $11,565 · program services $1,700 · fundraising $9,865
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $3,412,141 · end of year $3,278,447
-
3 · Pledges and grants receivable
beginning of year $5,497,993 · end of year $12,648,728
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,305,197 · end of year $513,707
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $8,010 · end of year $10,274
-
24 · Unsecured notes and loans payable
beginning of year $149,663 · end of year $146,042
-
27 · Net assets without donor restrictions
beginning of year $10,057,658 · end of year $16,284,566
Mission and programs · 2023
Mission
COAFs goal is to empower the younger generation of Armenians living in the country's impoverished and neglected rural villages.While COAF's work is all-encompassing, the emphasis is on education. The organizations work combines infrastructure projects schools, medical clinics, health posts, community centers, athletic facilities with world class educational, socioeconomic, health care, and community programs. The objective is to enable young Armenians to define and build their own future with guidance provided by COAF.
-
Since 2004, the Children of Armenia Fund (COAF) has improved living conditions in Armenias underserved rural areas, including educational and social advancements in 60+ communities across 6 regions, making a lasting impact on the lives of 107,000+ Armenians. Revitalizing Armenia begins with strengthening education and broadening the opportunities of the nations children, ensuring a forward-thinking, globally competitive citizenry. This understanding propelled the creation of the COAF SMART initiative, a comprehensive and replicable educational model. In 2018, COAF inaugurated its flagship SMART Center in the Lori region. An innovative educational facility, the SMART Center offers 2,000+ rural children and youth from 28 communities access to essential educational resources and after-school programs. In 2021, we expanded our focus. Forming unprecedented institutional, private sector, and NGO partnerships, we took significant strides to further our programmatic work throughout Armenia. The opening of our Child and Family Services Center in Hatsik village marked a new era of our approach to rural health. We extended our network of SMART initiatives in the Lori region with new SMART Village infrastructure, designed to spur social and economic progress in 27 rural communities. During our "Home Is Calling" virtual gala, we garnered record-setting support to build SMART Centers across Armenia, starting with the Armavir Smart Center, which will begin construction in 2022. COAF supporters reached out from across the globe to offer their talents and resources to the rural Armenian community, ensuring continued advancement for Armenia's children during even these difficult times. As we look ahead, our commitment to Armenia remains steadfast and strengthened by that of our community.
Expenses $6,943,577 · Grants $6,652,774 · Revenue $11,325,684
As filed on the 2023 return.
Listed in Part VII
-
GARO H ARMEN PHD
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
DR ALICE SARAYDARIAN
SECRETARY/TREAS
- Total calculated
- $0
- Hours/week
- 4
-
JOHN SARAYDARIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
JACQUELINE VARTANIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
NATASHA AVANESSIANS
Director
- Total calculated
- $0
- Hours/week
- 1
-
KHALIL BARRAGE
Director
- Total calculated
- $0
- Hours/week
- 1
-
GREGORY EKIZIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
DEBBIE OHANIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
MARY PENDERGAST
Director
- Total calculated
- $0
- Hours/week
- 1
-
SHAKE NAHAPETIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
VAHE NAHAPETIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
VAHE DOMBALAGIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
HASMIK DOMBALAGIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
PETER BALANKIAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
DIRON JEBEJIAN
AUD. CHAIR/PRES
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
COAF - ARMENIA
RURAL DEVELOPMENT · AM
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349327634
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