Anca Eastern Region Endowment Fund
- Assets
- $164.2k
- Revenue
- $245.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, MA
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-1887269
Organization Overview
Anca Eastern Region Endowment Fund is located in Watertown, MA. The organization was established in 2010. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anca Eastern Region Endowment Fund 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, Anca Eastern Region Endowment Fund generated $245.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $124.7k during the year ending 12/2021. While expenses have increased by 10.0% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BANQUET AND SILENT AUCTION WERE HELD TO RAISE MONEY TO CONTRIBUTE TO THE ENDOWMENT FUND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ani Tchaghlasian Vice President | 5 | $0 | |
George Aghjayan President | 15 | $0 | |
Valot Atakhanian Director | 2 | $0 | |
Khajag Mgrdichian Secretary | 2 | $0 | |
Sebouh Hatsakordzian Director | 2 | $0 | |
Steve Mesrobian Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $245,116 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $245,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $135 |
| Printing and publications | $0 |
| Other expenses | $54,483 |
| Total operating and administrative expenses | $54,653 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $124,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,194 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $164,194 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Anca Eastern Region Endowment Fund has awarded $74,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARF EASTERN USA INC PURPOSE: PUBLISH NEWSPAPER PERTAINING TO ARMENIAN CULTURAL ISSUES | $54,000 |
Watertown, MA PURPOSE: PROMOTE ARMENIAN CULTURE IN U.S. | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anca Eastern Region Endowment Fund has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Anca Endowment Fund Washington, DC PURPOSE: TO CONTINUE AND EXPAND THE ORGANIZATION'S ONGOING COMMUNITY EDUCATION AND OUTREACH EFFORTS, DESIGNED TO PROMOTE GREATER CIVIC AWARENESS AND INVOLVEMENT BY ARMENIAN AMERICANS THROUGHOUT THE EASTERN UNITED STATES. | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rhode Island Community Foundation Providence, RI | $1,346,682,058 | $194,702,159 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |