American University Of Armenia Corporation
- Assets
- $123.3m
- Revenue
- $16.1m
- Investments
- $99.3m
- Employees
- 16
- Location
- Oakland, CA
- Founding
- 11/1991
- Data as of
- 06/2021
- EIN
- 94-3140704
Organization Overview
American University Of Armenia Corporation is located in Oakland, CA. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, American University Of Armenia Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American University Of Armenia Corporation 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 06/2021, American University Of Armenia Corporation generated $16.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE AMERICAN UNIVERSITY OF ARMENIA (AUA).
Describe the Organization's Program Activity:
THE AMERICAN UNIVERSITY OF ARMENIA CORPORATION ("AUAC") IS A CALIFORNIA NOT-FOR-PROFIT CORPORATION. AUAC PROVIDES RESOURSES TO THE AMERICAN UNIVERSITY OF ARMENIA FOR EDUCATIONAL PURPOSES INCLUDING USE OF SEVERAL PROPERTIES IN ARMENIA OWENED BY AUAC. THE UNIVERSITY IS OPERATED IN YEREVAN, ARMENIA BY THE AMERICAN UNIVERSITY OF ARMENIA FUND ("AUAF"), A NON-PROFIT ENTITY ORGANIZED UNDER THE LAWS OF THE REPUBLIC OF ARMENIA. THE PURPOSE OF AUAC IS TO PROVIDE UNIVERSITY EDUCATION, RESEARCH AND PUBLIC SERVICE IN ACCORDANCE WITH THE AMERICAN SYSTEM AND STANDARDS OF HIGHER EDUCATION. ENROLLMENT IS OPEN ON A NONDISCRIMINATORY BASIS TO STUDENTS FROM ARMENIA AND OTHER REGIONS OF THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Karin Markides President | OfficerTrustee | 30 | $207,937 |
Ms Gayane Khachatryan VP Of Development | 40 | $108,125 | |
Dr Haroutune Armenian Trustee | Trustee | 18 | $70,496 |
Dr Caren Meghreblian Secretary | Officer | 20 | $57,784 |
Mr Gevorg Goyunyan Cfo/treasurer | Officer | 18 | $29,734 |
Dr Lawrence Pitts Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $441,306 |
| Government grants | $616,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,771,099 |
| Noncash contributions included in lines 1a–1f | $406,593 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,828,652 |
| Total Program Service Revenue | $325,297 |
| Investment income | $695,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,242,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,091,949 |
| 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 | $2,833,116 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,430 |
| Compensation of current officers, directors, key employees. | $279,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,055 |
| Payroll taxes | $57,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,772 |
| Office expenses | $91,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,344 |
| Travel | $271 |
| 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 | $626,090 |
| Insurance | $29,152 |
| All other expenses | $79,306 |
| Total functional expenses | $5,028,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,514 |
| Savings and temporary cash investments | $3,202,562 |
| Pledges and grants receivable | $5,758,927 |
| 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 | $183,457 |
| Net Land, buildings, and equipment | $14,197,790 |
| Investments—publicly traded securities | $2,391 |
| Investments—other securities | $99,303,183 |
| Investments—program-related | $364,081 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,313,905 |
| Accounts payable and accrued expenses | $45,689 |
| 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 | $45,689 |
| Net assets without donor restrictions | $29,838,371 |
| Net assets with donor restrictions | $93,429,845 |
| 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 | $123,313,905 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that American University Of Armenia Corporation has recieved totaling $1,254,743.
| Awarding Organization | Amount |
|---|---|
Armenian General Benevolent Union New York, NY PURPOSE: EDUCATIONAL | $517,406 |
Jack Munushian Charitable Trust Los Angeles, CA PURPOSE: TO SUPPORT GENERAL OPERATIONS, SCHOLARSHIPS FOR VETERANS AND WOMEN IN TECH | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $234,600 |
Sandra Shahinian Leitner Charitable Trust New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Alex And Marie Manoogian Foundation Dearborn, MI PURPOSE: OPERATING FUND/EDUCATIONAL | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $35,573 |
Endowment Analysis
| Beg. Balance | $66,409,702 |
| Earnings | $22,833,386 |
| Net Contributions | $7,634,701 |
| Other Expense | $2,673,052 |
| Ending Balance | $94,204,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |