2023-09-26T20:28:42-05:00 2022-12-31 390859910 BAKER TILLY US LLP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2022-01-01 472833171 FRIENDS OF TEACH FOR ARMENIA INCORPORATED FRIE 3109889824 101 GROVERTON PLACE LOS ANGELES CA 90077 LARISA HOVANNISIAN CHAIR/PRESIDENT 3109889824 2023-09-08 1 LARISA HOVANNISIAN 999009999 0 BRIAN YACKER P00401346 9492222999 2023-09-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LARISA HOVANNISIAN 101 GROVERTON PLACE LOS ANGELES CA 90077 560929 0 X WWW.FRIENDSOFTEACHFORARMENIA.ORG X 2013 CA AIMS TO RAISE FUNDS TO IMPROVE EDUCATIONAL OUTCOMES FOR STUDENTS IN UNDERSERVED COMMUNITIES. 5 5 0 11 0 0 597683 560929 0 0 0 0 0 0 597683 560929 624900 123873 0 0 0 0 4900 0 4574 81679 142649 711479 266522 -113796 294407 513944 808351 0 0 513944 808351 X TO ELIMINATE EDUCATIONAL INEQUITY, ESPECIALLY IN ARMENIA, BY WORKING WITH THE TEACH FOR ALL NETWORK TO RAISE FUNDS TO IMPROVE EDUCATIONAL OUTCOMES WITH POVERTY STRICKEN CHILDREN, RECRUITING AND TRAINING RECENT COLLEGE GRADUATES, AND LAUNCHING FUNDRAISING CAMPAIGNS TO FINANCE ALL OBJECTIVES ABOVE. 0 0 101503 WE BUILD AWARENESS AROUND THE ISSUE OF EDUCATIONAL INEQUITY IN ARMENIA THROUGH EVENTS, FORUMS, AND VOLUNTEER PROGRAMS. 80134 80134 WE RAISE VITAL RESOURCES TO FUND INDIVIDUALS AND ORGANIZATIONS WHO ARE WORKING TO ADDRESS THE ROOT CAUSES OF EDUCATIONAL INEQUITY IN ARMENIA. 56094 43739 WE PARTNER WITH INDIVIDUALS AND ORGANIZATIONS TO ENABLE INNOVATIVE SOLUTIONS SO THAT ALL KIDS CAN HAVE ACCESS TO A GREAT EDUCATION. 237731 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA NY X THE ORGANIZATION 3109889824 101 GROVERTON PLACE LOS ANGELES CA 90077 X LARISA HOVANNISIAN CHAIR/PRESIDENT 5.00 X X 0 0 0 SUREN SEROPIAN SECRETARY 5.00 X X 0 0 0 ANDY TOROSYAN CFO 5.00 X X 0 0 0 SYLVA SIMONIAN DIRECTOR 5.00 X 0 0 0 CAROL ASLANIAN DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 560929 560929 560929 0 0 0 123873 123873 10900 10900 7834 7834 15555 13844 933 778 27037 24066 1619 1352 6855 6100 412 343 5076 4517 305 254 2031 1808 121 102 DUES & SUBSCRIPTIONS 34605 30799 2076 1730 PROGRAM EXPENSE 32465 32465 MEALS & ENTERTAINMENT 250 223 15 12 LICENSES & PERMITS 41 36 2 3 266522 237731 24217 4574 513944 808351 513944 808351 0 0 X 0 0 0 0 513944 808351 513944 808351 513944 808351 294407 0 X 0 0 0 X 112209 202381 320294 597683 560929 1793496 112209 202381 320294 597683 560929 1793496 479070 1314426 1793496 0.73290 0.66590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 123873 0 0 0 0 0 0 123873 0 123873 RUSSIA AND NEIGHBORING STATES GENERAL OPERATING SUPPORT 123873 WIRE 0 1 0 0 0 0 0 0 0 PART I, LINE 2: TEACH FOR ARMENIA PROPOSES A TRANSFER OF FUNDS TO THE FRIENDS OF TEACH FOR ARMENIA BOARD FOR A SPECIFIC PROGRAM AND INITIATIVE. UPON RECEIVING THE BOARD'S APPROVAL, THE FRIENDS OF TEACH FOR ARMENIA COUNSEL DRAFTS A GIFT AGREEMENT THAT IS SIGNED BY BOTH PARTIES. THE GIFT AGREEMENT STIPULATES REPORTING THAT SHOULD BE SUBMITTED BY TEACH FOR ARMENIA TO FRIENDS OF TEACH FOR ARMENIA THAT DOCUMENTS THE SPENDING AND IMPACT. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE CHIEF EXECUTIVE OFFICER. AFTER THE REVIEW, FORM 990 IS THEN PRESENTED TO THE BOARD AT A MEETING TO SEEK ANY INPUT. AFTER HAVING RECEIVED FEEDBACK FROM THE BOARD, THE CHIEF EXECUTIVE OFFICER THEN CONSULTS WITH THE ACCOUNTANT AND BOOKKEEPER TO MAKE ANY NECESSARY CHANGES. ONCE THIS PROCESS IS COMPLETE, THE BOARD VOTES BY MAJORITY TO SUBMIT FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CONSULTS THE CONFLICT OF INTEREST POLICY IN SITUATIONS WHERE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST MAY EXIST. FURTHER, IN LINE WITH ARTICLE VII OF THE CONFLICT OF INTEREST POLICY, THE BOARD IMPLEMENTS PERIOD REVIEW OF THE POLICY FOR COMPENSATION ARRANGEMENTS AND THIRD-PARTY ARRANGEMENTS CONFORM TO THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.