irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $645KEducational programs - see Schedule O for program description.
- #2 $1.61MChildrens Programs - see Schedule O for program description
named programs · 5 · from sources
What they call their work
Annette Choolfaian Scholarship Program
Provides accredited training for nurses in rural communities to enhance professional skills and meet national health standards
Children's Programs
Initiatives supporting children in Armenia, including science camps, inclusive theater therapy for children with special needs, and mentoring forums
Educational Programs
Supports educational institutions such as ACT College and Turpanjian College of Health Sciences to expand access to technology and healthcare education
Healthcare Programs
Strengthens nursing education and healthcare capacity in Armenia, including training for displaced healthcare professionals
SheCan
12-week business accelerator program supporting displaced women and single mothers from Artsakh to develop small businesses and achieve financial independence
activities · 13 groups
What they do
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Individual Child Education Sponsorship 1 activity
- Administering the Children of Armenia Sponsorship Program (CASP)Provides yearly stipends covering clothing, school supplies, and food support for 900 enrolled children through the CASP program; includes social assistance to beneficiaries and advocacy for at-risk children and youth in Armenia.
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Medical Professional Education & Training 1 activity
- Building healthcare professional capacity in ArmeniaProvides professional development training to physicians and nurses, including in geriatrics and gerontology, and facilitates engagement between the Armenian American medical community and Armenian healthcare programs.
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Supportive and Emergency Housing Services 1 activity
- Delivering crisis intervention and shelter services for childrenProvided short-term shelter and crisis intervention services to children in need, including those from single-mother households.
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Hospital and Medical Center Support 1 activity
- Financing medical equipment and healthcare infrastructureFinances the purchase of critical medical equipment such as oxygen concentrators for healthcare facilities in Armenia.
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Food Distribution and Hunger Relief 1 activity
- Funding and operating soup kitchens and meal programsProvides hot daily meals to people in need and manages soup kitchen operations through a dedicated project manager, supporting low-income seniors and others in vulnerable situations.
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Charitable Grantmaking to Specific Causes 1 activity
- Funding programs for displaced Artsakh families and vulnerable groupsFunds programs supporting displaced Artsakh families, women entrepreneurs, and children with special needs in Armenia through donor partnerships.
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Financial Aid and Scholarship Access Programs 1 activity
- Funding scholarships and STEM education initiativesProvides student scholarships to support continuing education and supports STEM education for children in Armenia.
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Armenian Community and Institutional Support 1 activity
- Funding scientific research and innovationEnables scientists in Armenia to pursue innovative research projects through grant funding.
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Smallholder Agricultural Development 1 activity
- Implementing agriculture and economic development programsConducts agriculture and economic development programs in Armenia, contributing to broader relief and development efforts.
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Startup Acceleration & Business Growth Support 1 activity
- Operating SheCan business accelerator for displaced womenOperates SheCan, a 12-week business accelerator program for displaced women and single mothers from Artsakh, and hosts events such as product showcases in Washington, D.C. to support alumni.
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Annual Impact and Evaluation Reporting 1 activity
- Producing organizational reports and impact documentationProduces annual and impact reports detailing programs and accomplishments to communicate outcomes and transparency.
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Small Business Technical Assistance 1 activity
- Supporting small business development in ArmeniaLaunches new businesses through the Small Business Assistance program, supports business creation in Tavush Province, and provides equipment such as desks and sewing machines to entrepreneurs, including women engaged in doll-making.
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Youth Leadership Development Programs 1 activity
- Youth engagement through Junior Advisory CommitteeOperates a Junior Advisory Committee composed of young members to engage youth in organizational activities and leadership.
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financials · form 990 · fy2024
revenue
Total revenue$9.02M
Contributions & grants$8.24M91%
Program service revenue$5100%
Investment income$774K9%
Other revenue$0
expenses
Total expenses$6.68M
Program expenses85%
Admin / overhead10%
Fundraising5%
Salaries & benefits$1.49M
Grants paid out$2.27M
Largest expense lineCompensation
balance sheet
Total assets$30.85M
Cash$6.62M
Investments$15.19M
Liabilities$174K
Net assets$30.68M
Liquid reserves39.2 mo
4 years on record · 2020–2024 · YoY revenue -23.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 4
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| GARNIK NANAGOULIAN | EXECUTIVE DIR - thru 9/30/24 | 40 | $166K |
| Bree Perlman | Executive Dir - eff 10/1/24 | 40 | $148K |
| Bagrat Sargsyan | COUNTRY DIRECTOR | 40 | $92K |
| Margarit Piliposyan | COUNTRY DIRECTOR | 40 | $77K |
board members · 16
- Abp Khajag Barsamian — Vice Chairman
- Armen Avanessians — BOARD MEMBER
- Bishop Mesrop Parsamyan — President
- Bonnie A Barsamian Dunn — Board member
- Carl Bazarian — Vice Chairman
- Dennis Tarzian — Treasurer
- Dr Richard Babain — Board member
- Edward S Mardigian — Board member
- Greg Toufayan — Board member
- Lynn D Barsamian — Board member
- Marta Batmasian — Secretary
- Pontish Yeramyan — Assistant Secretary
- Randy Sapah-Gulian — Chairman
- Rev Fr Yeprem Kelegian — Board member
- Sandra Shaninian — Board member
- Zara Ingilizian — BOARD MEMBER
relationships · 32
Who they work with
- Ajemian Foundation Partner — Supports FAR's programs and initiatives in Armenia.
- AmeriCares Partner — Collaborates with FAR on humanitarian and health-related initiatives.
- Armenia Government — Primary country of operations and focus for development and relief efforts.
- Armenian American Health Professionals Organization (AAHPO) Partner — Collaborates with FAR in advancing healthcare capacity and medical education in Armenia.
- Armenian Engineers and Scientists of America (AESA) Partner — Collaborates with FAR in supporting the annual Mentoring Forum connecting Armenian students and professionals in New York.
- Armenian Missionary Association of America (AMAA) Partner — Partner organization supporting FAR’s community development efforts.
- Armenian Volunteer Corps Partner — Partners with FAR to mobilize volunteers for community service in Armenia.
- Ayo! Partner — Partners with Ayo!, a fundraising platform that connects young Armenians worldwide with on-the-ground organizations to support humanitarian and development work in Armenia.
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Government — Collaborates with FAR on international development projects in Armenia.
- Diocesan Council of the Eastern Diocese of the Armenian Church of America Government — Board of Trustees includes leadership from the Diocesan Council, indicating an organizational affiliation
- Direct Relief International Partner — Provides support for health and emergency relief programs implemented by FAR.
- Eastern Diocese Partner — Collaborated with FAR's founding leaders to mobilize resources and support for Armenian communities.
- Eastern Diocese Partner — Collaborates with parishes, women's guilds, and ACYOA chapters within the Eastern Diocese to organize fundraisers and awareness events for Armenia's sustainable development.
- Enterprise Incubator Foundation Partner — Partners with FAR on economic development and innovation initiatives.
- Forbes Partner — FAR's work has been featured in Forbes.
- Jerair Nishanyan Foundation Partner — Collaborates on scholarship programming for students.
- MOSAIC Partner — Entered into a memorandum of cooperation with FAR to support educational and technological development initiatives in Armenia.
- MarketWatch Partner — FAR's work has been featured in MarketWatch.
- NPR Partner — FAR's work has been featured in NPR.
- Psychology Today Partner — FAR's work has been featured in Psychology Today.
- Renewable Energy and Energy Efficiency Foundation Partner — Cooperated with FAR in supporting youth-led technology solutions for urban sustainability in Armenia.
- Repat Armenia Partner — Works with FAR to support repatriation and integration of Armenians returning to Armenia.
- Saints Vartanantz Armenian Church of Chelmsford Partner — Partnered with FAR in a fundraising campaign supporting displaced Artsakh families, women entrepreneurs, and children with special needs in Armenia.
- Save the Children, Armenia Partner — Collaborates with FAR on child-focused humanitarian programs.
- Tavush Foundation Partner — Collaborates with Tavush Foundation on social and community development initiatives.
- Teach for Armenia Partner — Collaborates with FAR on educational access and reform programs.
- UNDP Government — Works with FAR on development initiatives in Armenia.
- UNHCR Government — Partners with FAR on refugee and displacement-related support programs.
- UNICEF Government — Collaborates with FAR on child welfare and education initiatives.
- World Food Program Government — Supports food security programs in partnership with FAR.
+ 2 more
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Education as a Foundation for Resiliencemethodology: education_as_resilienceBy investing in education—from improving school quality to providing scholarships—we produce long-term social and economic stability because education enables individuals to overcome poverty and contribute meaningfully to national development.
- Empowerment Through Project-Based Interventionsmethodology: empowerment_through_tools_and_projectsBy providing tools and resources through targeted projects, we produce individual and community empowerment because equipping people with tangible means to act enables self-sufficiency and drives broader socioeconomic change.
- Holistic Community Developmentmethodology: holistic_developmentBy implementing coordinated interventions across healthcare, education, and economic opportunity, we produce broad socioeconomic advancement because interconnected challenges require integrated, multi-sectoral solutions.
- Integrated Relief and Developmentmethodology: integrated_relief_and_developmentBy combining emergency relief with long-term development initiatives, we produce sustainable community resilience because addressing both immediate needs and systemic challenges leads to more durable outcomes than relief alone.
- Youth Engagement and Leadership Developmentmethodology: youth_engagement_philanthropyBy engaging young Armenians globally and involving them in governance and philanthropy, we produce sustained diaspora investment and next-generation leadership because youth involvement fosters ownership, innovation, and long-term commitment to national development.