2013-07-03T09:24:37-05:00 2012-12-31 WithumSmithBrown PC 1 SPRING STREET NEW BRUNSWICK NJ 08901 990 2012-01-01 133706646 FUND FOR ARMENIAN RELIEF INC % GARNIK NANAGOULIAN FUND 2128895150 630 SECOND AVENUE Suite NEW YORK NY 10016 Garnik Nanagoulian 2128895150 2013-06-28 true Joyce Mayeresky 7328281614 2012 2016-02-24 21:20:13Z Garnik Nanagoulian 630 Second Avenue New York NY 10016 5457780 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 by providing aid and programs to meet the changing needs of the people in Armenia. 18 17 4 0 2858108 3651446 33280 41888 48462 403575 124943 -18964 3064793 4077945 1528385 1301317 0 0 668567 681130 0 30000 89167 917135 897744 3114087 2910191 -49294 1167754 8343238 9388126 216026 83207 8127212 9304919 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 THE YOUTH AND PROFESSIONALS TO DRIVE THE COUNTRY'S NEW DEMOCRATIC STATE. false false 992435 603841 3641 Children Projects - provides crisis intervention and rehabilitation for children by providing financial assistance, medical and psychological care, nutritious food, clothing, and educational and recreational materials. Also includes costs of renovating and furnishing the homeless children's center and orphanages in Armenia. 495922 228421 Seniors Projects - includes financial assistance to soup kitchens, several nursing homes and senior centers and provides hot and nutritious meals, housing and medical care to the most destitute seniors throughout Armenia. 208720 74786 Educational Projects - Provides scholarship, vocational training, financial assistance/living stipends, and housing to orphan students and students from underprivileged families throughout Armenia. 387493 327234 DEVELOPMENT PROJECTS 227337 28535 MEDICAL PROJECTS 38500 38500 EMERGENCY NEEDS PROJECTS 44970 41888 NEXT GENERATION PROJECTS 698300 394269 41888 2395377 true true false false false false false false false true true true false false false true false true false true true true true true true false false false false false false false false false false false false false true false false false false true false false false true 9 0 true 4 true false true AM false false false true true 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 NY X GARNIK NANAGOULIAN 2126860710 630 SECOND AVENUE NEW YORK NY 10016 DENNIS TARZIAN 2.0 X X 0 0 EDGAR HOUSEPIAN 2.0 X X 0 0 RANDY SAPAH-GULIAN 2.0 X X 0 0 PONTISH YERAMYAN 2.0 X X 0 0 MARTA BATMASIAN 1.0 X 0 0 ABP KHAJAG BARSAMIAN 2.0 X X OSCAR TATOSIAN 1.0 X 0 0 NISHAN ATINIZIAN 1.0 X 0 0 CARL BAZARIAN 2.0 X X 0 0 GARNIK NANAGOULIAN 40.0 X X 118500 8000 ABP VICKEN AYKAZIAN 1.0 X 0 0 ANNETTE CHOOLFAIAN 2.0 X X 0 0 DR ARAM CHOBANIAN 1.0 X 0 0 EDWARD MARDIGIAN 1.0 X 0 0 Bonnie Barsamian 1.0 X 0 0 Gregory Toufayan 1.0 X 0 0 Patrick Sarkissian 1.0 X 0 0 Armen Avanessians 1.0 X 0 0 BAGRAT SARGSYAN 40.0 X 36340 0 154840 0 8000 1 false false false 0 145000 59800 3446646 168610 3651446 YOUNG PROFESSIONALS TRIP 900099 41888 41888 41888 373864 373864 0 0 0 0 0 1361366 1331655 29711 29711 25575 59800 48180 -22605 0 0 OTHER INCOME 900099 3641 3641 3641 4077945 419393 0 0 1301317 1301317 0 162840 36340 126500 0 445055 349533 75334 20188 7300 7300 17168 17168 48767 31936 15655 1176 0 0 55000 55000 0 30000 30000 18292 13738 4554 292544 251995 6539 34010 6555 1040 5440 75 50210 31888 14681 3641 4800 4800 0 80564 42852 37712 130756 110505 20251 0 12859 8203 4579 77 0 0 26678 20472 6206 22869 22869 PROJECT SUPPLIES 191450 191450 TRANSPORT 4556 4108 448 MISCELLANEOUS 611 611 2910191 2395377 425647 89167 25529 18586 996386 1389625 1414112 1562002 0 0 0 0 0 0 0 0 0 0 5638 4694 1667490 292795 1372627 1374695 1339841 1612697 2939105 3175827 0 0 0 0 250000 250000 8343238 9388126 216026 83207 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 216026 83207 X 1415249 1715482 4615881 5481530 2096082 2107907 8127212 9304919 8343238 9388126 1167754 9953 X false true X true false X 4928747 3534469 2828297 2858108 3651446 17801067 0 0 4928747 3534469 2828297 2858108 3651446 17801067 3579953 14221114 30998 -8380 40321 44815 373864 481618 0 3641 3641 18286326 186558 0.77769 0.81129 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2939105 68715 336438 168431 3175827 2908380 202536 -68659 103152 2939105 2009998 740813 270387 112818 2908380 1831170 4950 291768 117890 2009998 2630892 10000 -696941 112781 1831170 0.66000 0.34000 true false true 1295517 41963 1253554 117513 71854 45659 240121 164639 75482 1374695 INVESTMENTS HELD BY ACEF 3175827 F 3175827 0 0 X 4136078 9953 48180 58133 4077945 4077945 2958371 48180 48180 2910191 2910191 PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS 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 Schedule D, Part XII, Line 2D SPECIAL EVENT EXPENSES OF $48,180 HAVE BEEN OFFSET AGAINST REVENUE FROM THE EVENTS FOR THE 990 PRESENTATION. THESE EXPENSES WERE NOT NETTED AGAINST THE REVENUE IN THE FINANCIAL STATEMENTS. FIN 48 DISCLOSURE SCHEDULE D, PART X, #2 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, 2012. There are no open tax years prior to 2009. In addition, no income tax related penalties or interest have been recorded for the year ended December 31, 2012. EXPENSE RECONCILIATION SCHEDULE D, PART XIII, LINE 2D SPECIAL EVENT EXPENSES OF $48,180 WERE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES IN THE AUDITED FINANCIAL STATEMENTS, HOWEVER, THEY ARE NETTED AGAINST THE SPECIAL EVENT REVENUE FOR THE REPORTING IN FORM 990 AS REQUIRED BY THE INSTRUCTIONS. true Russia and the Newly Independent States 2 71 Program Services Humanitarian aid 2910191 2 71 2 71 2910191 2910191 Russia and the Newly Independent States Operational expenses including research grants 38500 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 108305 bank wire Russia and the Newly Independent States OPERATIONAL EXPENSES FOR OLD AGE HOME. 104993 bank wire Russia and the Newly Independent States Other <$5,000 23385 bank wire Russia and the Newly Independent States OPERATIONAL EXPENSES FOR CHILDRENS RECEPTION AND PLACEMENT CENTER 177619 bank wire Russia and the Newly Independent States OPERATIONAL ASSISTANCE FOR INFORMATION TECHNOLOGY CENTER. 200500 bank wire Russia and the Newly Independent States OPERATIONAL EXPENSES 12000 bank wire Russia and the Newly Independent States Operational 18000 bank wire Russia and the Newly Independent States Grant for publication 5766 bank wire Russia and the Newly Independent States Support for school 29968 bank wire Russia and the Newly Independent States Operational grant for youth center 50000 bank wire ANSEF grants Russia and the Newly Independent States 26 125753 bank wire Soup Kitchens Russia and the Newly Independent States 201 9580 cash Emergency assistance Russia and the Newly Independent States 102 19205 cash Educational fees for orphans and others Russia and the Newly Independent States 348 173771 cash Orphan assistance Russia and the Newly Independent States 71 13938 cash GENERAL ASSIsTANCE Russia and the Newly Independent States 76 21294 cash Shoes and clothing donations Russia and the Newly Independent States 136980 Clothing Local value Equipment and supplies donations Russia and the Newly Independent States 31760 Equipment/supplies Local value false false false 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 X X X X X X true Andre Berg Branding Comm & Dev false 30000 30000 NY Dinner CROC 77425 77425 23722 Dinner GTEC 7950 7950 16478 1 7980 85375 85375 48180 48180 37195 X 152425 market value Armenia X Supplies - school and equipment 150 9535 Market value Armenia X Medical equipment and supplies 8 6650 Market value Armenia false true false Public availability of documents 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. Review of Form 990 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. Compensation policy 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. Conflict of Interest policy Part VI, Section B, Question 12c Conflict of Interest policy 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. Part III - program services, other Page 2, Section III, Line 4(d) - Other program service description 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. PAYMENTS TO FOREIGN ORGANIZATIONS SCHEDULE F, PART II, #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 - Reconcilation of Net Assets Part XI, Line 5 - Other changes in net assets Unrealized gains of 9,953 were recorded for the year ended December 31, 2012. These flow through as an other change in net assets for the Form 990 presentation. OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:PUBLIC RELATIONS FEES TOTAL FEES:31220 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:9329 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:PROGRAM RELATED CONSULTANTS TOTAL FEES:251995 CHILDRENS SUPPORT CENTER FOUNDATION 64 K ULNETSI STREET YEREVAN AM ORPHANAGE AM 501(c)(3) NGO FAR true VANADZOR OLD AGE HOME FOUNDATION 8 MAIMEKHI STREET VANADZOR AM OLD AGE HOME AM 501(c)(3) NGO FAR true GYUMRI INFORMATION TECHNOLOGIES CENTER ANKAKHUTYAN 9 GYUMRI AM 3101 SCHOOL AM 501(c)(3) NGO FAR true false true false false false false false false false false false false false false false false false false false CHILDREN SUPPORT CENTER FOUNDATION 1B 177619 GRANT REQUEST GYUMRI INFORMATION TECHONOLOGY CENTER FDTN 1B 200500 GRANT REQUEST VANADZOR OLD AGE HOME FOUNDATION 1B 104993 GRANT REQUEST