Armenian Church Endowment Fund Inc

Organization Overview

Armenian Church Endowment Fund Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Church Endowment 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 12/2020, Armenian Church Endowment Fund Inc generated $190.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.9%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Armenian Church Endowment Fund Inc has awarded 174 individual grants totaling $15,327,005. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

ARMENIAN CHURCH ENDOWMENT FUND'S ("ACEF") MISSION IS TO PROVIDE PROFESSIONAL ASSET MANAGEMENT SERVICES TO THE PARISHES AND RELATED ENTITIES OF THE DIOCESE OF THE ARMENIAN CHURCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O FOR A COMPLETE PROGRAM DESCRIPTION FOR THE ARMENIAN CHURCH ENDOWMENT FUND.


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Board, Officers & Key Employees

Name (title)Compensation
Melanie Dadourian
Co-Chair
$0
Eric Baroyan
Co-Chair
$0
Gregory Zorthian
Vice Chair
$0
Bryan Stepanian
Co-Chair
$0
Aline Khatchadourian
Treasurer
$0
Kirk Hachigian
Co-Chair
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$857,223
Investment income $67,554
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$989,979
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $190,058

Grants Awarded

Over the last fiscal year, Armenian Church Endowment Fund Inc has awarded $2,317,264 in support to 26 organizations.

Grant RecipientAmount

DIOCESE OF THE ARMENIAN CHURCH OF AMERICA

Org PageRecipient Profile

New York, NY

PURPOSE: PROGRAMS

$1,176,930

ST NERSESS ARMENIAN SEMINARY

Org PageRecipient Profile

Armonk, NY

PURPOSE: PROGRAMS

$326,612

HOLY MARTYRS ARMENIAN DAY SCHOOL

Org PageRecipient Profile

Bayside, NY

PURPOSE: PROGRAMS

$106,458

FUND FOR ARMENIAN RELIEF

Org PageRecipient Profile

New York, NY

PURPOSE: PROGRAMS

$90,363

ST JOHN'S ARMENIAN CHURCH

Org PageRecipient Profile

Southfield, MI

PURPOSE: PROGRAMS

$80,058

ARMENIAN APOSTOLIC SOCIETY INC

Org PageRecipient Profile

Southfield, MI

PURPOSE: PROGRAMS

$71,274
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Armenian Church Endowment Fund Inc has recieved totaling $111,000.

Awarding OrganizationAmount
United Armenian Charities Inc

New York, NY

PURPOSE: ENDOWMENT

$50,000
United Armenian Charities Inc

New York, NY

PURPOSE: ENDOWMENT

$50,000
United Armenian Charities Inc

New York, NY

PURPOSE: ENDOWMENT

$10,000
Vartkess And Rita Balian Family Foundation Inc

Arlington, VA

PURPOSE: SUPPORT FOR SEC.501(C)(3) ORGANIZATION

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$80,891,548
Earnings$19,027,654
Admin Expense$200,919
Net Contributions$862,020
Other Expense$64,362
Grants$2,869,182
Ending Balance$97,646,759

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