Friends Of Holy Etchmiadzin Inc
- Assets
- $11.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- River Edge, NJ
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 31-1819044
Organization Overview
Friends Of Holy Etchmiadzin Inc is located in River Edge, NJ. The organization was established in 2003. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Friends Of Holy Etchmiadzin 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, Friends Of Holy Etchmiadzin Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $130.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (42.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF THE HOLY ETCHMIADZIN, ARMENIA AND OTHER ARMENIAN CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF RELIGIOUS ACTIVITIES, HOLY ETCHMIADZIN, AND ARMENIAN CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarkis Bedevian Chair,board Of Trustees | OfficerTrustee | 1 | $0 |
Haig Ariyan Vice Chairman / Secretary | OfficerTrustee | 1 | $0 |
Stephen Mekenian Treasurer | OfficerTrustee | 1 | $0 |
Joseph Basralian Trustee | Trustee | 1 | $0 |
Zaven Dadekian Trustee | Trustee | 1 | $0 |
Stephen Haratunian Trustee | Trustee | 1 | $0 |
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 | $510,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,050 |
| Total Program Service Revenue | $0 |
| Investment income | $231,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $301,052 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,043,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $74,370 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,616 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,026 |
| All other expenses | $25 |
| Total functional expenses | $130,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325 |
| Savings and temporary cash investments | $1,021,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,531,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,554,741 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,554,741 |
| Total liabilities and net assets/fund balances | $11,554,741 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Holy Etchmiadzin Inc has recieved totaling $171,366.
| Awarding Organization | Amount |
|---|---|
Sarkis And Ruth Bedevian Foundation River Edge, NJ PURPOSE: RELIGIOUS | $101,366 |
Sandra Shahinian Leitner Charitable Trust New York, NY PURPOSE: GENERAL SUPPORT | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |