Afeyan Foundation For Armenia Inc
- Assets
- $16.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 84-2341831
Organization Overview
Afeyan Foundation For Armenia Inc is located in Cambridge, MA. The organization was established in 2020. According to its NTEE Classification (Q33) the organization is classified as: International Relief, 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. Afeyan Foundation For Armenia 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, Afeyan Foundation For Armenia Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (73.9%) each year.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,101,136 |
| Interest on Savings | $0 |
| Dividends & Interest | $11 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,851 |
| Capital Gain Net Income | $421,582 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,106,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,100,000 |
| Total expenses and disbursements | $1,100,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,998 |
| 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 | $16,206,600 |
| Total assets | $16,213,598 |
| 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, Afeyan Foundation For Armenia Inc has awarded $1,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AURORA HUMANATARIAN INITIATIVE FOUNDATION PURPOSE: TO SUPPORT GENERAL CHARITABLE AND EDUCATIONAL PURPOSES | $600,000 |
FOUNDATION FOR ARMENIAN SCIENCE AND TECHNOLOGY (FAST) PURPOSE: DEVELOPMENT OF SCIENCE AND TECHNOLOGY IN ARMENIA, AND THEREBY ENHANCING THE COMPETITIVENESS OF ARMENIA. | $500,000 |
Peer Organizations
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|---|---|---|
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
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Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |
Metro World Child Foundation Inc Brooklyn, NY | $2,538,697 | $8,020,281 |
World Spiritual Awareness Forum Inc Roslyn Heights, NY | $803,724 | $7,990,339 |
Refugepoint Inc Boston, MA | $13,622,053 | $13,092,298 |
Albanian-American Development Foundation New York, NY | $216,065,025 | $9,264,607 |
Vsk Foundation Woodside, NY | $1,033,022 | $6,451,312 |
American Friends Of The Kiev Jewish Community Monsey, NY | $174,348 | $5,759,125 |