Armenian Relief Society Inc
- Assets
- $4.7m
- Revenue
- $933.4k
- Investments
- $1.0m
- Employees
- 4
- Location
- Watertown, MA
- Founding
- 03/1949
- Data as of
- 05/2019
- EIN
- 04-2219512
Organization Overview
Armenian Relief Society Inc is located in Watertown, MA. The organization was established in 1949. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 05/2019, Armenian Relief Society Inc employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Armenian Relief Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2019, Armenian Relief Society Inc generated $933.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $905.6k during the year ending 05/2019. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
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 DUE TO NATURAL AND MAN-MADE DISASTERS, ARMENIAN AND NON-ARMENIAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARMENIA/ARTSAKH PROGRAM - THIS PROGRAM PROVIDES EMERGENCY RELIEF IN ARMENIA AND ARTSAHK. DURING 2015 THERE WERE SIGNIFICANT ADDITIONAL EXPENDITURES RELATED TO THE STEPANAKERT ARS "SOSEH" KINDERGARTEN. THE BUILDING HOUSING THE STEPANAKERT ARS "SOSEH" KINDERGARTEN WAS CONSTRUCTED IN THE 1950S THEREFORE IT WAS IN DIRE NEED OF REPAIRS AND REQUIRED SEISMIC RETROFITTING. THE ARS CEB DECIDED TO DEMOLISH THE BUILDING AND REBUILD A NEW FACILITY MEETING THE NEEDS OF SAFETY OF A MODERN DAY SCHOOL ABIDING BY THE STANDARDS OF THE GOVERNMENT.
SPONSOR A CHILD, ORPHANS EDUCATIONAL FUND - THE SPONSOR A CHILD FUND WAS ORIGINALLY ESTABLISHED IN JUNE 1992 FOR THE PURPOSE OF PROVIDING DIRECT SUPPORT TO ARMENIAN CHILDREN THROUGH SPONSORSHIP. DURING 2008, AN ADDITIONAL FUND REFERRED TO AS THE ORPHANS EDUCATIONAL FUND WAS ESTABLISHED FOR ORPHANS AGE 18 AND OVER WHO ARE CONTINUING THEIR EDUCATION. THE DONORS CONTRIBUTE AN ANNUAL AMOUNT WHICH IS USED TO SUPPORT THE INDIVIDUAL CHILD THAT THE DONOR HAS ELECTED TO "SPONSOR." ALL OF THE MONIES CONTRIBUTED TO THESE FUNDS, LESS A PER-CHILD ADMINISTRATIVE FEE, ARE FORWARDED TO THE SPONSORED ARMENIAN CHILDREN.
ORPHAN'S EDUCATION FUND - ESTABLISHED FOR ORPHANS AGE 18 AND OVER WHO ARE CONTINUING THEIR EDUCATION. DONORS CONTRIBUTE AN ANNUAL AMOUNT WHICH IS USED TO SUPPORT THE INDIVIDUAL CHILD THAT DONOR HAS ELECTED TO "SPONSOR".
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nyree Derderian Vice Chairperson | Officer | 15 | $0 |
Caroline Chamavonian Chairperson | Officer | 15 | $0 |
Silva Takvorian Treasurer | Officer | 15 | $0 |
Rita Sarine Hintlian Secretary | Officer | 15 | $0 |
Maral Matossian Director | Trustee | 8 | $0 |
Anna Der Hagopian Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,550 |
| Investment income | $67,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,293 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $933,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $509,078 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $59,653 |
| Other salaries and wages | $118,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,924 |
| Payroll taxes | $14,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,641 |
| Fees for services: Other | $11,706 |
| Advertising and promotion | $1,640 |
| Office expenses | $28,302 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,420 |
| Travel | $21,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,909 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $905,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,794 |
| Savings and temporary cash investments | $1,487,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,295 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $896,393 |
| Investments—other securities | $1,023,771 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,700,902 |
| Accounts payable and accrued expenses | $18,436 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,436 |
| Net assets without donor restrictions | $726,327 |
| Net assets with donor restrictions | $1,983,516 |
| Capital stock or trust principal, or current funds | $1,972,623 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,682,466 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Armenian Relief Society Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Pagoumian Fam Charitable Tr Sunny Isles Beach, FL PURPOSE: TO PROVIDE ASSISTANCE FOR THE "SOSSSEH" FLORIDA CHAPTER | $1,000 |
Endowment Analysis
| Beg. Balance | $1,972,078 |
| Net Contributions | $545 |
| Ending Balance | $1,972,623 |
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|---|---|---|
Plan International Usa Inc Providence, RI | $63,915,139 | $61,455,293 |
Nuday Windham, NH | $493,517 | $32,697,224 |
Abrahams Blessing Albany, NY | $1,941,159 | $28,861,670 |
Planet Aid Inc Milford, MA | $17,464,781 | $29,818,126 |
Hope Of Life International Cranston, RI | $4,219,588 | $25,673,993 |
Wateraid America Inc New York, NY | $16,422,746 | $24,856,015 |
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |