2016-06-06T09:56:22-05:00 2015-12-31 WithumSmithBrown PC 1 SPRING STREET NEW BRUNSWICK NJ 08901 990 2015-01-01 133706646 FUND FOR ARMENIAN RELIEF INC % GARNIK NANAGOULIAN FUND 2128895150 630 SECOND AVENUE NEW YORK NY 10016 GARNIK NANAGOULIAN EXECUTIVE DIRECTOR 2128895150 2016-05-24 true Joyce Mayeresky P00024518 2128895150 2015 2016-09-27 15:27:22Z GARNIK NANAGOULIAN 630 SECOND AVENUE NEW YORK NY 10016 5830576 false X www.farusa.org X 1993 NY FAR provides short-term emergency relief and implements long-term programs for economic growth and social development of Armenia by helping the children and elderly. 18 17 3 17 0 4032715 3064468 7730 43300 237162 32775 3682 9323 4281289 3149866 1657916 2435794 0 0 753135 812630 0 0 51523 1291023 1412395 3702074 4660819 579215 -1510953 15250215 13645084 90872 175888 15159343 13469196 X FAR PROVIDES SHORT TERM EMERGENCY RELIEF AND IMPLEMENTS LONG-TERM PROGRAMS FOR THE ECONOMIC GROWTH AND SOCIAL DEVELOPMENT OF ARMENIA. IT HELPS THE MOST VULNERABLE SEGMENTS OF THE POPULATION - CHILDREN AND THE ELDERLY - AND PREPARES PROFESSIONALS TO LEAD THEIR NEWLY INDEPENDENT COUNTRY. HEADQUARTERED IN NEW YORK, FAR HAS THREE OFFICES IN ARMENIA. 150 OF THE ORGANIZATION'S 153 FULL-TIME EMPLOYEES ARE LOCATED IN YEREVAN, GYUMRI, STEPANAKERT, AND OTHER LOCATIONS IN ARMENIA. FAR CATERS ITS GENERAL RELIEF AND DEVELOPMENT PROGRAMS TO THE CHANGING NEEDS OF THE PEOPLE OF ARMENIA. CURRENTLY, FAR CONCENTRATES ITS EFFORTS ON HUMANITARIAN AID, SOCIAL AND ECONOMIC DEVELOPMENT, AND EDUCATIONAL AND PROFESSIONAL ADVANCEMENT. SINCE ITS INCEPTION, FAR HAS CHANNELED MORE THAN $250 MILLION IN HUMANITARIAN ASSISTANCE TO ARMENIA. FAR IS AN INDEPENDENT ORGANIZATION WITH NO AFFILIATIONS WITH DIASPORAN POLITICAL PARTIES. IT HAS ENTERED INTO COLLABORATIVE ARRANGEMENTS WITH OTHER ARMENIAN RELIEF ORGANIZATIONS, SU false false 1550929 908958 Humanitarian Aid - includes financial assistance to soup kitchens, nursing homes and senior centers providing hot and nutritious meals, housing and medical care to the most destitute seniors throughout Armenia. Also includes crisis intervention and rehabilitation for children by providing financial assistance, medical and psychological care, nutritious food, clothing, and educational and recreational materials as well as costs of renovating and furnishing the homeless children's center and orphanges in Armenia. Provides immediate relief programs in the devistated areas to those in need. In 2005, FAR partnered with the Armenian government to develop the nations first foster care program. Today FAR continues to work with UNICEF-Armenia to make sure children end up in good homes instead of state institutions. Many children who come to the center for help are eventually taken in by foster parents. The center leads efforts to improve the National Child Protection System, which utilizes all available resources for children in need and lobbies to improve the governments existing child protection system. In this vein, FAR continually builds the capacity of child and family care specialists, raises awareness for lobbying on behalf of childrens rights and family protection, develops social technologies aimed to identify children and families at-risk, and expands and strengthens the nations foster care system. FAR was founded in the midst of a humanitarian emergency when an earthquake struck Armenia in 1988. Meeting the critical needs of the most destitute through housing, medical care and nutrition has been a core mission of FAR ever since. Through support to soup kitchens, hot and nutritious meals are prepared and served to the poor and elderly every day. The Vanadzor Old Age Home (VOAH), which has been supported by FAR since 2002, provides direct care to poverty-stricken residents and homebound seniors in the area. All of these programs provide beneficiaries additional access to medical care and social services, as well as a social outlet for those in need. These services are especially necessary in a nation where at least half of the population lives below the poverty line, suffering from malnutrition and sickness. The poverty has a particularly harsh effect on the elderly, as many of those suffering are at least 60 years old. 918221 609557 43300 Social and Educational Programs - Provides scholarship, vocational training, financial assistance/living stipends, and housing to orphan students and students from underprivileged families throughout Armenia. Carving out educational opportunity for Armenias youth is an integral part of FARs mission. Since the 1990s, FAR has taken significant steps to invest in Armenian education at all levels. Its efforts in the construction and renovation of more than 10 schools has helped to combat a high drop out rate and provided more opportunity to students. Also, with the escalating cost of both public and private universities, many students are unable to move on to higher education. FAR provides myriad scholarship programs to help hundreds of young Armenians attend university and vocational training programs each year. This has transformed lives and has helped to lay the foundation for a sustainable knowledge-based economy in a country where the educational system has been plagued with budget shortfalls and lack of public funding. Almost 25 percent of students do not reach high school and children with disabilities have limited access to basic education. By investing in these major programs throughout the country, FAR provides not only opportunity for individuals to enrich their lives, but also strengthens Armenian society as a whole. 173380 70680 Medical Projects - includes expenses for medical, scientific and health care services and programs to Armenians. Programs include support to provide access to the latest medical technologies, to improve the continued medical education of doctors and to enhance medical research throughout Armenia. FAR has always been committed to creating and supporting the expansion of excellent medical care as a way to improve the quality of life for Armenians. Armenia boasted one of the most highly developed health care systems prior to its independence from the Soviet Union, under which everyone was guaranteed free and adequate medical care regardless of status. After independence, this system disintegrated entirely. This means that today most doctors and healthcare workers are largely unable to afford the training needed to stay abreast of the latest methodologies and technologies and are constantly faced with a shortage of equipment and supplies. 1411414 846599 AGRICULTURE AND ECONOMIC DEVELOPMENT 1411414 846599 4053944 true true false false false false false false false true true true false true false true false true false true true true true false false false false false false false false false false false false false false false true false false false true true true true false false true 4 0 true 3 true false true AM false false false false false false false false X 18 17 false false false false false false false true true false false false true true true true true true true false FL MI NY X GARNIK NANAGOULIAN 2126860710 630 SECOND AVENUE NEW YORK NY 10016 ABP Khajag Barsamian President 2.0 0.0 X X 0 0 0 Randy Sapah-Gulian Chairman 2.0 0.0 X X 0 0 0 Carl Bazarian Vice Chairman 2.0 0.0 X X 0 0 0 Annette Choolfaian Vice Chairman 2.0 0.0 X X 0 0 0 Dennis Tarzian Treasurer 2.0 0.0 X X 0 0 0 Pontish Yeramyan Assistant Secretary 2.0 0.0 X X 0 0 0 Bonnie Barsamian BOARD MEMBER 1.0 0.0 X 0 0 0 Nishan Atinizian Board member 1.0 0.0 X 0 0 0 GARNIK NANAGOULIAN EXECUTIVE DIRECTOR 40.0 0.0 X X 135257 0 3000 ABP VICKEN AYKAZIAN BOARD MEMBER 1.0 0.0 X 0 0 0 James Kalustian BOARD MEMBER 2.0 0.0 X 0 0 0 Marta Batmasian Secretary 2.0 0.0 X X 0 0 0 Dr Aram Chobanian BOARD MEMBER 1.0 0.0 X 0 0 0 Edward Mardigian Board member 1.0 0.0 X 0 0 0 Gregory Toufayan Board member 1.0 0.0 X 0 0 0 Armen Avanessians Board member 1.0 0.0 X 0 0 0 Oscar Tatosian BOARD MEMBER 1.0 0.0 X 0 0 0 Ara Hacet Board member 1.0 0.0 X 0 0 0 BAGRAT SARGSYAN COUNTRY DIRECTOR 40.0 0.0 X 0 47102 0 135257 47102 3000 1 false false false 0 X 220000 2844468 683334 3064468 YOUNG PROFESSIONALS TRIP 900099 42620 42620 GTECH-US 900099 680 680 43300 22583 22583 0 0 0 0 0 2690902 2680710 10192 10192 10192 0 0 0 OTHER INCOME 900099 9323 9323 9323 3149866 52623 32775 0 0 2435794 2435794 0 182359 45589 136770 0 599556 529528 22073 47955 0 10100 10100 20615 7676 9371 3568 0 0 65750 65750 0 0 37768 13026 24742 423821 277204 146617 6586 5413 1173 94579 60382 34197 0 0 86616 48085 38531 117940 109843 8097 0 54596 39572 15024 315 315 0 46251 31245 15006 24328 24328 PROJECT SUPPLIES 438796 438796 TRANSPORT 11435 11133 302 MISCELLANEOUS 3614 343 3271 4660819 4053944 555352 51523 X 14978 65721 3159776 3737191 3279880 2203877 0 0 0 0 0 0 11687 9158 0 0 2711 4435 1684137 344481 1352565 1339656 2438667 1635623 3337926 3067713 0 0 0 0 1652025 1581710 15250215 13645084 90872 175888 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 90872 175888 X 2544752 2564289 8692810 7039834 3921781 3865073 15159343 13469196 15250215 13645084 X -1510953 -114763 -64431 X false true X true false X 2858108 3651446 7872674 4032715 3064468 21479411 0 0 2858108 3651446 7872674 4032715 3064468 21479411 2157080 19322331 44815 373864 404887 237162 32775 1093503 0 3641 8024 281 9323 21269 22594183 139151 0.85519 0.69111 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3337926 14895 -69040 216068 3067713 3344254 115725 86490 208543 3337926 3175827 46224 326329 204126 3344254 2939105 68715 336438 168431 3175827 2908380 202536 -68659 103152 2939105 0.74000 0.26000 true false 1300110 70296 1229814 117513 83605 33908 186143 178259 7884 80371 12321 68050 1339656 INVESTMENTS HELD BY ACEF 3067713 F 3067713 BENEFICIAL INTEREST 1581710 1581710 0 0 X 2970672 -114763 -64431 -179194 3149866 3149866 4660819 4660819 4660819 PART V, LINE 4 THE ENDOWMENT FUNDS INCLUDE BOTH DONOR RESTRICTED PRINCIPAL AND UNAPPROPRIATED EARNINGS ON THOSE FUNDS. THE DONOR RESTRICTED ENDOWMENTS ARE USED TO PROVIDE FUNDING FOR SPECIFIC PROGRAMS OF THE AGENCY AS WELL AS TO PROVIDE SUPPORT FOR OTHER PROGRAMMATIC AND GENERAL OPERATIONS OF THE ORGANIZATION. REVENUE RECONCILIATION There was a change in value of beneficial interest of ($64,431) not included in revenue. FIN 48 DISCLOSURE The Fund is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly the financial statements do not reflect a provision for Federal income taxes. There were no uncertain tax positions at December 31, 2015. In addition, no income tax related penalties or interest have been recorded for the year ended December 31, 2015. true Russia and the Newly Independent States 2 100 Program Services Humanitarian aid 4660819 2 100 2 100 4660819 4660819 Russia and the Newly Independent States Operational expenses including research grants 45000 CASH Russia and the Newly Independent States CHILDREN OF ARMENIA SPONSOSHIP PROGRAM - PROVIDES AID TO ORPHAN CHILDREN AND THE FAMILIES THAT FOSTER THEM IN THE FORM ON MONTHLY STIPENDS 90405 WIRE Russia and the Newly Independent States SCHOOL REHABILIATION GRANT 29695 WIRE Russia and the Newly Independent States OPERATIONAL EXPENSES FOR OLD AGE HOME. 80725 WIRE Russia and the Newly Independent States RENOVATION OF CITY PARK, DAY CARE CENTER, SPORT SCHOOL AND OTHER RENOVATIONS. 53295 WIRE Russia and the Newly Independent States OPERATIONAL EXPENSES FOR CHILDRENS RECEPTION AND PLACEMENT CENTER 302648 WIRE Russia and the Newly Independent States OPERATIONAL ASSISTANCE AND GRANT TO ORGANIZE it TRAININGS. 127050 WIRE Russia and the Newly Independent States PURCHASE OF AGRICULTURAL EQUIPMENT 30913 WIRE Russia and the Newly Independent States OPERATIONAL EXPENSES 11999 WIRE Russia and the Newly Independent States RENOVATION 8428 WIRE Russia and the Newly Independent States PURCHASE OF AGRICULTURAL EQUIPMENT 33038 wire Russia and the Newly Independent States RENOVATIONS 12781 WIRE Russia and the Newly Independent States SCHOOL RENOVATIONS 8151 WIRE Russia and the Newly Independent States PURCHASE OF AGRICULTURAL EQUIPMENT 5105 WIRE Russia and the Newly Independent States FINANCIAL ASSISTANCE TO ORGANIZE CONCERTS 5998 WIRE 15 ANSEF grants Russia and the Newly Independent States 30 148773 WIRE Soup Kitchens Russia and the Newly Independent States 6 9876 WIRE Emergency assistance Russia and the Newly Independent States 16 17548 WIRE Educational fees for orphans and others Russia and the Newly Independent States 360 206500 CASH/WIRE Orphan assistance Russia and the Newly Independent States 35 11492 WIRE GENERAL ASSISTANCE Russia and the Newly Independent States 364 110689 WIRE Shoes and clothing donations Russia and the Newly Independent States 294746 Clothing Local value Equipment and supplies donations Russia and the Newly Independent States 388588 Equipment/supplies Local value true false true false false false SCHEDULE F - PART I A. Beneficiaries within a FAR program/project: - a description, of a given FAR program/project is approved by the FAR Board of Directors. - a description includes a budget, definition of a beneficiary, specific criteria of the selection process, and amount of individual payments to a beneficiary. - beneficiaries are selected on a highly competitive basis, criteria is checked and double checked (including by visiting the residence of a beneficiary, requesting relevent documents, etc) first, by a specific project manager, then by a Selection Committee - to ensure eligibility of enrollment into a project. - the selection process is entirely transparent: for each program a Selection Committee is established that includes FAR field officers, and/or Directors, and/or non-FAR members - at the time of the annual evaluation of given program (usually in January following the calendar year) application of all criteria is thoroughly reviewed b. Grant Beneficiaries - proposals on grant making are prepared by FAR field officers, or any other FAR officers or Directors. The proposals are evaluated by a group, that consists of the Executive Director, the Treasurer and a Director assigned to the relevant area of FAR activities (like healthcare, education, child protection, etc). Decision on grant making is made by the FAR Board of Directors based on the proposals specified above. - one time grants (usually at a donor wish) are processed the same way as regular grants. Donor-proposed grants that may contradict established FAR policies, are turned down. - at the time of the annual evaluation of a given program (usually in January following the calendar year) application of all criteria is throughly reviewed. In every case, potential conflict of interest is taken into strong consideration; transparency, accountability and completive basis of beneficiary selection is strongly pursued. X 294746 market value Armenia X FMV X HYGIENE SUPPLIES 4 138792 Market value Armenia X EQUIPMENT AND SUPPLIES 4 249796 Market value Armenia false true false PART VI- SECTION C, QUESTION 19 THE ORGANIZATION MAKES ITS FORM 990, CONFLICT OF INTEREST POLICY, FORM 1023 AND THE AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FROM THE ORGANIZATION. PART VI- SECTION B, QUESTION 11B A COPY OF THE COMPLETED FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE AUDIT AND FINANCE COMMITTEES OF THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. PART VI- SECTION B- QUESTION 15B- COMPENSATION PROCESS The FAR bylaws establish the list of FAR officers eligible for compensation and specifically excludes the directors other than the Executive Director. There is a standing policy, established by the Board of Directors, regarding compensation and benefits for all officers and employees. Salaries are approved annually in the budget that is passed by the board. Salary increases for key employees, when given, include a review of comparable salaries at similar nonprofit organizations by the appropriate committees of the board. PART VI- SECTION B, QUESTION 12C Conflict of interest questionnaires are completed annually by board members and key employees. These are reviewed by management for potential conflicts. Any conflicts noted would be reviewed by the board for consideration and appropriate resolution. PAGE 2, SECTION III, LINE 4(D) OTHER PROGRAMS THAT ARE OPERATED BY FAR INCLUDE NUMEROUS PROGRAMS THAT PROVIDE HUMANITARIAN AID AS WELL AS THOSE THAT PROVIDE SOCIAL AND EDUCATIONAL PROGRAMS FOR THE ARMENIAN PEOPLE. MEDICAL PROJECTS ARE ALSO PROVIDING ASSISTANCE TO THE COUNTRY. SCHEDULE F, PART II, QUESTION 3 PAYMENTS ARE MADE TO ORGANIZATIONS IN ARMENIA, WHICH INCLUDE NGO'S, CHARITABLE FOUNDATIONS, WHICH ARE EQUIVALENT TO NGO'S FOR CERTAIN ORGANIZATIONS IN ARMENIA, AND SCHOOLS, UNIVERSITIES AND THE DIOCESE OF THE ARMENIAN CHURCH. THESE SCHOOLS, UNIVERSITIES AND THE DIOCESE DO NOT HAVE 501(C)(3) OR EQUIVALENT STATUS IN ARMENIA AS THIS IS NOT A PRACTICE THERE. HOWEVER, THESE ORGANIZATIONS ARE EQUIVALENT TO 501(C)(3) ORGANIZATIONS IN THE UNITED STATES AS THEY ARE EDUCATIONAL INSTITUTIONS OR RELIGIOUS ORGANIZATIONS. PART XI, LINE 5- OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF BENEFICIAL INTEREST OF (64,431) WAS RECORDED FOR THE YEAR ENDED DECEMBER 31, 2015. THIS HAS BEEN SHOWN AS AN OTHER CHANGE IN NET ASSETS FOR THE FORM 990 PREPARATION. GORTCARAR HOF LCC 22 M KHORENATSI STREET YERVEVAN AM 0010 981255167 AGRICULTURE AM 421 FAR CHILDRENS SUPPORT CENTER FOUNDATION 64 K ULNETSI STREET YEREVAN AM ORPHANAGE AM n/a NGO FAR true VANADZOR OLD AGE HOME FOUNDATION 8 MAIMEKHI STREET VANADZOR AM OLD AGE HOME AM n/a NGO FAR true GYUMRI INFORMATION TECHNOLOGIES CENTER ANKAKHUTYAN 9 GYUMRI AM 3101 SCHOOL AM n/a NGO FAR true false true false false false false false false false false false false false false false false false false CHILDREN SUPPORT CENTER FOUNDATION 1B 266375 GRANT REQUEST GYUMRI INFORMATION TECHONOLOGY CENTER FDTN 1B 117384 GRANT REQUEST VANADZOR OLD AGE HOME FOUNDATION 1B 80724 GRANT REQUEST