2011-05-26T12:48:30-05:00 2010-12-31 WithumSmithBrown PC 1 SPRING STREET NEW BRUNSWICK NJ 08901 990 2010-01-01 133706646 FUND FOR ARMENIAN RELIEF INC FUND 2128895150 630 SECOND AVENUE NEW YORK NY 10016 GARNIK NANAGOULIAN 2011-05-23 true Joyce Mayeresky 7328281614 2010 2016-03-07 17:11:31Z 6047760 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. 16 15 4 0 3534469 2828297 17925 55300 -8380 40321 2110 -7352 3546124 2916566 1013388 1173796 0 0 647872 674463 0 0 105032 1654979 1470265 3316239 3318524 229885 -401958 8739751 8414955 362810 136416 8376941 8278539 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 true 1830950 798409 HUMANITARIAN AID INCLUDES EXPENSES FOR SOUP KITCHENS AND SEVERAL NURSING HOMES AND SENIOR CENTERS THROUGHOUT ARMENIA. IT ALSO FINANCES IMMEDIATE RELIEF PROGRAMS. 146726 USAID PROGRAM INCLUDES EXPENSES FOR THE RECONSTRUCTION AND RESTORATION OF THE POTABLE WATER SYSTEM IN GARNI THAT PROVIDES WATER TO ARTASHAT AND NEIGHBORING COMMUNITIES ARMENIA. 584441 366317 55300 SOCIAL AND EDUCATIONAL PROGRAMS INCLUDES COSTS FOR ACEDEMIC AND VOCATIONAL SCHOLARSHIP PROGRAMS FOR STUDENTS FROM UNDERPRIVILEGED FAMILIES AND ORPHANS, AS WELL AS REVOVATION AND CONSTRUCTION OF SCHOOLS THROUGHOUT THE COUNTRY. THE FUND ALSO FINANCES CULTURAL EXCHANGE PROGRAMS AND SUPPORTS ART PROJECTS IN ARMENIA. 124958 9070 MEDICAL PROJECTS 124958 9070 2687075 true true false false false false false false true true true false false true true false true false true true true true false true false false false false false false false false false false false false false false true false false false false true true true false false true 7 0 true 4 true false true AM false false false true true false false false false X 16 15 false false false false false false false true true false false true true true true true true true true false NY X GARNIK NANAGOULIAN 2126860710 630 SECOND AVENUE NEW YORK NY 10016 DENNIS TARZIAN 1.0 X X 0 0 0 EDGAR HOUSEPIAN 1.0 X X 0 0 0 RANDY SAPAH-GULIAN 1.0 X X 0 0 0 PONTISH YERAMYAN 1.0 X X 0 0 0 MARTA BATMASIAN 1.0 X 0 0 0 ABP KHAJAG BARSAMIAN 1.0 X X 0 0 0 OSCAR TATOSIAN 1.0 X 0 0 0 MICHAEL HARATUNIAN 1.0 X X 0 0 0 NISHAN ATINIZIAN 1.0 X 0 0 0 CARL BAZARIAN 1.0 X X 0 0 0 GARNIK NANAGOULIAN 40.0 X X 113500 0 0 HAGOP KOUYOUMDJIAN 1.0 X 0 0 0 ABP VICKEN AYKAZIAN 1.0 X 0 0 0 ANNETTE CHOOLFAIAN 1.0 X X 0 0 0 DR ARAM CHOBANIAN 1.0 X 0 0 0 EDWARD MARDIGIAN 1.0 X 0 0 0 BAGRAT SARGSYAN 40.0 X 29898 0 0 143398 0 0 1 false false false Kanaka OJSC Construction 592288 1 46900 2781397 107873 2828297 YOUNG PROFESSIONALS TRIP 22730 22730 FRIENDS OF FAR TRIP 32570 32570 55300 60797 60797 0 0 2940669 2961145 -20476 -20476 -20476 161925 774000 170049 -8124 0 0 OTHER INCOME 772 772 772 2916566 96393 0 0 1173796 1173796 0 149398 19200 130198 0 450493 217558 163757 69178 7300 7300 14700 14700 52572 23232 23789 5551 0 0 64475 7475 57000 0 0 12236 10700 1536 869029 837971 16085 14973 7806 6434 1032 340 69953 28593 26370 14990 0 0 85252 43743 41509 121843 107114 14729 0 11002 6270 4732 0 0 27445 25770 1675 19158 19158 PROJECT SUPPLIES 167854 167854 TRANSPORT 9069 9010 59 BAD DEBT EXPENSE 2255 2255 MISCELLANEOUS 2888 100 2788 3318524 2687075 526417 105032 42085 28253 1871612 1218453 1050269 892362 62283 6209 1590167 348425 1232640 1241742 2220864 1872756 2009998 2905180 250000 250000 8739751 8414955 170480 131529 184944 0 7386 4887 362810 136416 X 1520536 1429884 4915586 4808973 1940819 2039682 8376941 8278539 8739751 8414955 X -401958 303556 X false true true X false X 6811857 5394122 4928747 3534469 2828297 23497492 6811857 5394122 4928747 3534469 2828297 23497492 1731347 21766145 395494 280664 30998 -8380 40321 739097 24236589 428390 0.89807 0.91668 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2009998 734413 257347 99778 2901980 1831170 4950 291768 117890 2009998 2630892 10000 -696941 112781 1831170 0.70000 0.30000 false true true 902676 902676 389339 92223 297116 0 0 225866 171524 54342 241352 302404 1254134 INVESTMENTS HELD BY ACEF 2905180 F 2905180 0 OTHER LIABILITIES 4887 4887 2916566 3318524 -401958 303556 303556 -98402 4259459 303556 610302 429035 1342893 2916566 2916566 4361076 610302 432250 1042552 3318524 3318524 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 REVENUE OF $258,986 EARNED BY AFFILIATES IN ARMENIA WHICH WAS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS HAS BEEN ELIMINATED FROM THE FORM 990 AS IT IS NOT REVENUE EARNED BY THIS ORGANIZATION. ADDITIONALLY, SPECIAL EVENT EXPENSES OF $170,049 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 CONSOLIDATED FINANCIAL STATEMENTS DO NOT RELFECT A PROVISION FOR FEDERAL INCOME TAXES. THE FUND ADOPTED THE PRONOUNCEMENT REALTED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES EFFECTIVE JANUARY 1, 2009 AND THERE WRE NO UNCERTAIN TAX POSITIONS AT THE DATE OF ADOPTION OR AT DECEMBER 31, 2010. THERE WERE NO OPEN TAX YEARS PRIOR TO 2007. IN ADDTIONA, NO INCOME TAX RELATED PENALITES OR INTEREST HAVE BEEN RECORDED FOR THE YEARS ENDED DECEMBER 31, 2010. EXPENSE RECONCILIATION SCHEDULE D, PART XIII, LINE 2D EXPENSES FROM AFFILIATES INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF $262,201 HAVE BEEN EXCLUDED FROM THE FORM 990 AS THESE EXPENSES ARE FOR OTHER ORGANIZATIONS LOCATED IN ARMENIA. SPECIAL EVENT EXPENSES OF $170,049 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 36 Program Services Humanitarian aid 3318228 2 36 2 36 3318228 3318228 Russia Operational expenses including research grants 8100 WIRE Russia CHILDREN OF ARMENIA SPONSOSHIP PROGRAM - PROVIDES AID TO ORPHAN CHILDREN AND THE FAMILIES THAT FOSTER THEM IN THE FORM ON MONTHLY STIPENDS 121620 WIRE Russia School renovations 29694 WIRE Russia OPERATIONAL EXPENSES FOR OLD AGE HOME. 100234 WIRE Russia OPERATIONAL EXPENSES FOR CHILDRENS RECEPTION AND PLACEMENT CENTER 196414 WIRE Russia OPERATIONAL ASSISTANCE FOR INFORMATION TECHNOLOGY CENTER. 168477 WIRE Russia 23500 WIRE Russia OPERATIONAL EXPENSES 49000 WIRE Cent. America/Caribbean HAITI EARTHQUAKE RELEF FUND 28475 CHECK 6 3 ANSEF grants Russia 27 133591 WIRE Soup Kitchens Russia 900 27920 CASH Emergency assistance Russia 101 18165 CASH Educational fees for orphans and others Russia 756 215253 WIRE Orphan assistance Russia 63 11973 CASH GENERAL ASSITANCE 157 38685 CASH 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. GALA 930900 774000 156900 126741 16400 13240 GTECH DINNER 5025 5025 13668 0 935925 774000 161925 140409 16400 13240 170049 -8124 X 5 107873 SELLING PRICE false true false PART VI - SECTION C, Number 19 ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION THRU NYS BUREAU OF CHARITIES SEARCH TOOLS AND ON THE GUIDESTAR WEBSITE. CONFLICT OF INTEREST POLICY, FORM 1023 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION. Part VI - Section A, 10. Part VI - Section A, Question 10 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 - 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. Part VI - Section B, Policies, conflict of int Part VI, Section B, 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. Changes in program services Part III, LIne 3 - changes in program services During the year ended December 31, 2010, FAR completed two significant projects that operated over the last five years. The projects were funded by USAID and included the reconstruction and renovation of the potable water system in Garni, Armenia and the renovations of shelters in the Karabakh region of Nagorno-Karabakh and in Armenia. The projects were significantly completed through 2009 with final completion during 2010. Part XI - Reconcilation of Net Assets Part XI, Line 5 - Other changes in net assets Unrealized gains of $303,556 were recorded for the year ended December 31, 2010. These flow through as an other change in net assets for the Form 990 presentation. CHILDRENS SUPPORT CENTER FOUNDATION 64 K ULNETSI STREET YEREVAN AM ORPHANAGE AM FAR VANADZOR OLD AGE HOME FOUNDATION 8 MAIMEKHI STREET VANADZOR AM OLD AGE HOME AM FAR GYUMRI INFORMATION TECHNOLOGIES CENTER ANKAKHUTYAN 9 GYUMRI AM 3101 SCHOOL AM FAR false true false false false false false false false false false false false false false false false false CHILDREN SUPPORT CENTER FOUNDATION 1B 196414 GYUMRI INFORMATION TECHONOLOGY CENTER FDTN 1B 168477 VANADZOR OLD AGE HOME FOUNDATION 1B 100234