Children Of Armenia Fund Inc

Organization Overview

Children Of Armenia Fund Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children Of Armenia Fund 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 12/2021, Children Of Armenia Fund Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 11.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kanaka Ojsc
Construction
$0
Termoros Ar
Construction
$0
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,208,619
Noncash contributions included in lines 1a–1f $5,410,803
Total Revenue from Contributions, Gifts, Grants & Similar$10,208,619
Total Program Service Revenue$0
Investment income $136
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,208,755

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Children Of Armenia Fund Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Mazars Usa Philanthropic Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$1,000
View Grant Recipient Profile

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