Anca Endowment Fund
- Assets
- $7.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 36-4190026
Organization Overview
Anca Endowment Fund is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, 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. Anca 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 Endowment Fund generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $869.8k during the year ending 12/2021. While expenses have increased by 7.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES TO YOUNG ADULTS WISHING TO BECOME INVOLVED IN U.S. GOVERNMENT AND NOT FOR PROFIT ACTIVITIES THROUGH INTERNSHIPS AND TO PROVIDE EDUCATIONAL MATERIALS CONCERNING ISSUES OF IMPORTANCE TO THE AMERICAN-ARMENIAN COMMUNITY AND TO OTHER INTERESTED PARTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL GATEWAY PROGRAM: THE ANCA ENDOWMENT FUND GRANTS FUNDS TO THE ANCA TO SUPPORT THE ANCA HOVIG APO SAGHDEJIAN CAPITAL GATEWAY PROGRAM DESIGNED TO GIVE QUALIFIED UNIVERSITY STUDENTS AND GRADUATES AN OPPORTUNITY TO EXPLORE PART-TIME INTERNSHIP AND FULL-TIME JOB OPPORTUNITIES IN WASHINGTON, DC.
COMMUNITY OUTREACH/EDUCATION PROGRAM: THE ANCA ENDOWMENT FUND DIRECTLY FUNDS EVENTS AND OFFERS GRANTS TO SUPPORT THE ONGOING COMMUNITY EDUCATION AND OUTREACH EFFORTS OF THE ARMENIAN NATIONAL COMMITTEE OF AMERICA (ANCA) AND OTHER SIMILAR ORGANIZATIONS. GRANTS GENERALLY FUND EVENTS AND PROGRAMS WHICH PROMOTE GREATER UNDERSTANDING OF ARMENIAN HISTORY AND COMMUNITY CONCERNS AS WELL AS ENCOURGAE EXPANDED ARMENIAN AMERICAN CIVIC AWARENESS AND INVOLVEMENT THROUGHOUT THE UNITED STATES.
ARMENIAN LEGAL CENTER LEGAL PROGRAM GRANT: THE ANCA ENDOWMENT FUND GRANTED FUNDS IN 2017 TO THE ARMENIAN LEGAL CENTER FOR JUSTICE AND HUMAN RIGHTS TO WORK WITH THE LEGAL COMMMUNITY IN OFFERING RESEARCH AND COMMENTARY REGARDING LITIGATION IMPACTING RECOVERY OF ARMENIAN GENOCIDE ERA ASSETS AND ARMENIAN GENOCIDE EDUCATION. THERE WAS NO ACTIVITY IN THE LEGAL CENTER PROGRAM DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hekimian Treasurer | OfficerTrustee | 2 | $0 |
Raffi Hamparian President | Officer | 5 | $0 |
Aram Hamparian Secretary | Officer | 3 | $0 |
Abraham Saghdejian Director | Trustee | 0.5 | $0 |
Bedros Bandazian Director | Trustee | 0.5 | $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 | $1,354,359 |
| Noncash contributions included in lines 1a–1f | $33,493 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,354,359 |
| Total Program Service Revenue | $0 |
| Investment income | $1,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $165,934 |
| Net Gain/Loss on Asset Sales | -$2,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,519,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $547,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $10,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,587 |
| Fees for services: Other | $47,500 |
| Advertising and promotion | $0 |
| Office expenses | $72,887 |
| Information technology | $19,620 |
| Royalties | $0 |
| Occupancy | $38,463 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,911 |
| Interest | $37,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,092 |
| Insurance | $2,878 |
| All other expenses | $0 |
| Total functional expenses | $869,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,516 |
| Savings and temporary cash investments | $2,265,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,022 |
| 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 | $3,645,482 |
| Investments—publicly traded securities | $1,152,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,916,220 |
| Accounts payable and accrued expenses | $26,042 |
| Grants payable | $51,000 |
| 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 | $801,214 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,112 |
| Total liabilities | $955,368 |
| Net assets without donor restrictions | $6,098,283 |
| Net assets with donor restrictions | $862,569 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,916,220 |
Grants Awarded
Over the last fiscal year, Anca Endowment Fund has awarded $547,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO PROMOTE AND SUSTAIN ARMENIAN CULTURE AND PROVIDE OPPORTUNITIES FOR YOUNG ADULTS TO INTERN WITH US GOVERNMENT AND VARIOUS NOT FOR PROFIT AGENCIES LOCATED IN WASHINGTON DC. | $471,000 |
Watertown, MA 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 |
SARKISSIAN INTERIORS PURPOSE: PLACEMENT OF A STATUE HONORING THE FIRST ARMENIAN AMBASSADOR TO THE UNITED STATES. | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Anca Endowment Fund has recieved totaling $145,740.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $73,000 |
Khachaturian Foundation San Francisco, CA PURPOSE: GENERAL PURPOSE | $30,000 |
Aris And Marianne Mardirossian Charitable Foundation Potomac, MD PURPOSE: GENERAL SUPPORT | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,954 |
Daniel And Ludmila Sahakian Foundation State College, PA PURPOSE: SUPPORT FOR SAFE RETURN OF ARMENIAN REFUGEES FROM ARTSASH CONFLICT | $5,000 |
Paul B Kazarian Family Charitable Foundation North Kingstown, RI PURPOSE: CHARITABLE | $5,000 |
Endowment Analysis
| Beg. Balance | $1,049,808 |
| Earnings | $306,912 |
| Net Contributions | $172,738 |
| Other Expense | $4,897 |
| Ending Balance | $1,524,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Digital Promise Global Washington, DC | $123,728,620 | $89,291,301 |
International Research And Exchanges Board Inc Washington, DC | $28,553,118 | $70,556,802 |
American Israel Public Affairs Committee Washington, DC | $179,395,963 | $78,256,627 |
Tigray Development Association In North America Washington, DC | $14,141,545 | $64,772,988 |
Amideast Washington, DC | $36,442,040 | $48,272,646 |
American Israel Education Foundation Inc Washington, DC | $162,256,798 | $65,043,938 |
Institute For Governance And Sustainable Development Inc Washington, DC | $3,406,420 | $7,176,788 |
Middle East Media And Research Institute Inc Washington, DC | $4,612,496 | $9,235,135 |
International Consortium Of Investigative Journalists Inc Washington, DC | $7,479,893 | $3,022,355 |
Israel Institute Inc Washington, DC | $4,523,703 | $683,865 |
U S Assoc For Intl Migration Washington, DC | $429,111 | $3,312,005 |
Us-Japan Council Washington, DC | $22,364,092 | $5,169,884 |