2024-04-17T12:49:44-05:00 2022-12-31 111986323 MARCUM LLP 10 MELVILLE PARK ROAD MELVILLE NY 117473146 990 2022-01-01 135600421 ARMENIAN GENERAL BENEVOLENT UNION ARME 2123196383 55 EAST 59TH STREET NEW YORK NY 10022 YERVANT DEMIRJIAN ASSISTANT TREASURER 2123196383 2024-04-17 1 YERVANT DEMIRJIAN 999009999 0 MARY ANN MENDEL P00551302 6314144000 2024-04-17 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X BERGE SETRAKIAN 55 EAST 59TH STREET NEW YORK NY 10022 230727300 0 X WWW.AGBU.ORG X 1959 NY ENSURING THE PROSPERITY AND WELL-BEING OF ALL ARMENIANS. 20 20 111 1500 0 0 18195302 34027889 448398 781587 25242610 7544801 32181 65651 43918491 42419928 11236750 16310083 0 0 5301817 5484770 0 0 850019 5265237 7532101 21803804 29326954 22114687 13092974 296944132 285357425 5079031 5153741 291865101 280203684 X ENSURING THE PROSPERITY AND WELL-BEING OF ALL ARMENIANS. 0 0 7567529 5377941 781587 EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS LEARNING INSTITUTIONS TO ELEVATE AND EXPAND THE REACH OF ARMENIAN STUDIES. IN ADDITION, WE STRIVE TO EXPOSE THE WORLD TO THE UNIQUE ATTRIBUTES OF THE ARMENIAN NATION AND ITS CONTRIBUTIONS TO THE CIVILIZED WORLD SINCE ANCIENT TIMES. BY EMBRACING DIVERSE PERSPECTIVES, AGBU IS A GATEWAY TO RICH EDUCATIONAL EXPERIENCES FOR LEARNERS AT EACH STAGE OF LIFE. 14854180 9060554 CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE - ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS WELL AS ANCIENT, FOLK AND RELIGIOUS TRADITIONS HELP DRIVE THE AGBU MISSION TO UPLIFT ARMENIAN LIVES THROUGH CREATIVE EXPRESSION. OVER THE DECADES, AGBU HAS LAUNCHED AN ARRAY OF CULTURAL INITIATIVES THAT CONNECT ARMENIANS IN EVERY GENERATION ACROSS THE WORLD. WE ALSO ENCOURAGE RISING TALENTS TO EXPLORE THEIR POTENTIALS, AND WE PARTNER WITH WORLD-CLASS INSTITUTIONS TO SHARE OUR GIFTS WITH GLOBAL AUDIENCES. 739269 739243 SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND - IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE IDENTITY WITHIN THE BOUNDARIES OF A LAND THAT IS AT ONCE A SOVEREIGN NATION STATE AND AN ANCESTRAL HOMELAND. AGBU WORKS TO STRENGTHEN THE COUNTRY BY PROVIDING INFRASTRUCTURES AND RESOURCES TO CARVE A PATH TO UPWARD MOBILITY. THESE NATION-BUILDING STRATEGIES ARE ESSENTIAL TO FUELING THE ECONOMIC GROWTH CRITICAL TO LONG-TERM NATIONAL VIABILITY. WITH OUR SAFETY NETS FOR THE MOST VULNERABLE, OUR STEPPING STONES FOR JOB SEEKERS AND AMBITIOUS ENTREPRENEURS, AND OUR BRIDGES THAT CONNECT KEY INDUSTRIES TO WORLD MARKETS, AGBU'S COMMITMENT TO HELPING ARMENIA IS REFLECTED IN WELL-DESIGNED STRATEGIC PROGRAMS AND PROJECTS AIMED AT STEADY ECONOMIC GROWTH AND SUSTAINABILITY. 1408840 1132345 HUMANITARIAN RELIEF - SERVING HUMANITY WITH CARE AND COMPASSION - SINCE OUR FOUNDING, AGBU HAS BEEN ON THE FRONTLINES OF EMERGENCY RELIEF. OUR VAST INTERNATIONAL NETWORK HAS PROVEN US A TRUSTWORTHY AND EFFICIENT LOCAL RESOURCE ON THE GROUND, WHEREVER DANGER AND PERIL ERUPTS. EVEN BEFORE THE ARMENIAN GENOCIDE, IN TIMES OF FAMINE AND REGIONAL UNREST, OUR LEADERS AND MEMBERS MOBILIZED ACROSS BORDERS TO DELIVER SUSTENANCE AND AID TO THOSE IN NEED. IN THE DECADES TO FOLLOW, ARMENIANS FACING HARDSHIPS COULD COUNT ON OUR SPEEDY RESPONSE AND LONG-TERM ASSISTANCE AS A LIFELINE AND BRIDGE TO RECOVERY.GIVEN THE ARMENIAN PEOPLE'S OWN HISTORY OF OVERCOMING UNSPEAKABLE TRAGEDIES AND LOSSES, WE ARE HIGHLY ATTUNED TO HUMAN SUFFERING. THIS INSPIRES US TO GIVE BACK, NOT ONLY TO OUR OWN COMMUNITIES BUT ALSO NON-ARMENIANS IN DEEP CRISIS AND DISTRESS. WITH SO MUCH UNREST AND UNCERTAINTY IN TODAY'S WORLD, AGBU CONTINUES TO ASSIST THOSE WHO NEED IT MOST THROUGH PANDEMIC, CIVIL UNREST, WAR AND NATURAL DISASTERS. 1408840 1132345 24569818 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 101 0 1 111 1 0 1 AM AS CY FR SZ 0 0 0 0 0 0 0 0 0 0 X 20 20 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NJ NY IL MA MI CA X MARK GITLEN 2123196383 55 EAST 59TH STREET NEW YORK NY 100221112 BERGE SETRAKIAN PRESIDENT 20.00 1.00 X X 0 0 0 JOSEPH OUGHOURLIAN VICE PRESIDENT 5.00 1.00 X X 0 0 0 NAZARETH FESTEKJIAN TREASURER 20.00 1.00 X X 0 0 0 YERVANT DEMIRJIAN ASSISTANT TREASURER 5.00 1.00 X X 0 0 0 SARKIS JEBEJIAN SECRETARY 10.00 1.00 X X 0 0 0 ARDA NAZERIAN HARATUNIAN ASSISTANT SECRETARY 10.00 1.00 X X 0 0 0 HAIG ARIYAN MEMBER 5.00 1.00 X 0 0 0 ARIS ATAMIAN MEMBER 5.00 1.00 X 0 0 0 ARNAUD ATTAMIAN MEMBER 5.00 1.00 X 0 0 0 ERIC ESRAILIAN MEMBER 5.00 1.00 X 0 0 0 VAHE GABRACHE MEMBER 5.00 1.00 X 0 0 0 NADIA GORTZUNIAN MEMBER 5.00 1.00 X 0 0 0 VARTKES KNADJIAN MEMBER 5.00 1.00 X 0 0 0 ARI LIBARIKIAN MEMBER 5.00 1.00 X 0 0 0 ANI MANOUKIAN MEMBER 30.00 1.00 X 0 0 0 LORI MUNCHERIAN MEMBER 5.00 1.00 X 0 0 0 LEVON NAZARIAN MEMBER 5.00 1.00 X 0 0 0 LENA SARKISSIAN MEMBER 5.00 1.00 X 0 0 0 VASKEN YACOUBIAN MEMBER 30.00 1.00 X 0 0 0 YERVANT ZORIAN MEMBER 5.00 1.00 X 0 0 0 ANI SUSAN ANSERIAN DIRECTOR OF PROGRAMS 40.00 X 318750 0 13390 MARK GITLEN CHIEF FINANCIAL OFFICER 40.00 X 260000 0 29761 NATALIE GABRIELIAN DIR- CENTRAL BD. ADMIN. AND CHAPTERS 40.00 X 155000 0 15257 KAREN ALINE PAPAZIAN DIRECTOR- OUTREACH & DEVEL 40.00 X 155000 0 15245 GOHAR STOMBOLYAN DIRECTOR WEST REGION 40.00 X 130000 0 26072 NAHEED ELYASI DIRECTOR OF MARKETING 40.00 X 140000 0 15113 RANDA AKDA DIRECTOR OF ESTATES AND TRUSTS 40.00 X 125000 0 28080 1283750 0 142918 7 0 1 0 NAJARIAN BUILDING & DEVELOPMENT INC 2524 MARY STREET MONTROSE CA 91020 CONSTRUCTION CONTRACTORS 374287 PRINTSOLUTIONS 320 SOUTH DEAN STREET ENGLEWOOD NJ 07631 PRINTING SERVICES 297613 GRUBB & ELLIS MANAGEMENT SERVICES INC 125 PARK AVE FL 11TH NEW YORK NY 10017 MAINT.(CONDO) FEE, CAPITAL IMPROVMENT 182547 TARDIS LLC 2 2 MELIK ADAMYAN ST YEREVAN AM WEBSITE DESIGN/MAINTENANCE 115200 MARCUM LLP 100 EAGLE ROCK AVE SUITE 200 EAST HANOVER NJ 07936 ACCOUNTANTS & BUSINESS CONSULTANTS 103014 5 22528 34005361 112206 34027889 TUITION 611600 781587 781587 781587 4357411 4357411 65651 0 65651 65651 65651 191494762 188307372 3187390 3187390 3187390 42419928 781587 0 7610452 X 7707541 7707541 513570 513570 8088972 8088972 661575 185907 401305 74363 3628228 2318757 854110 455361 188897 94228 66577 28092 670283 390588 196698 82997 335787 197866 96994 40927 39978 17020 22958 167807 75 167732 684194 684194 985166 835968 140666 8532 122297 42753 79544 714710 568739 100965 45006 284666 131469 125089 28108 966202 679557 252656 33989 201769 175770 25598 401 331606 238662 69619 23325 1664637 1457075 180161 27401 PROGRAM ACTIVITIES 602298 602273 25 SERVERANCE AND LIFE EST 338952 45947 293005 REPAIRS AND MAINTENANCE 253986 238160 14944 882 MISCELLANEOUS EXPENSE 114125 14644 99481 59708 24277 34796 635 29326954 24569818 3907117 850019 10986042 3465485 2093891 1619556 1634977 7896747 565451 611624 60827 70545092 35767028 31414918 34778064 233017558 210364776 17231295 26560346 296944132 285357425 4157522 4313670 921509 840071 5079031 5153741 X 23768039 -9252771 268097062 289456455 291865101 280203684 296944132 285357425 13092974 -30904094 6149703 0 X X 0 1 X 1 0 X 22434937 18795019 25990274 18195302 34027889 119443421 22434937 18795019 25990274 18195302 34027889 119443421 24811843 94631578 3789321 3896370 2942706 3373781 4423062 18425240 137868661 3256508 0.68640 0.66050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196578609 29014337 -27421357 -91284866 289456455 232189776 5140818 56000 -40807985 196578609 224953571 3276650 7827727 1714581 2153591 232189776 202610433 4013156 22567875 1815298 2422595 224953571 227189636 1734436 -12676727 9043796 4593116 202610433 0.03000 0.97000 0.00000 0 0 10545276 10545276 56837174 34083238 22753936 3162642 1683790 1478852 34778064 MONEY MARKET FUNDS 20437608 F MUTUAL FUNDS AND OTHER 1424277 F EQUITIES 103735070 F GOVERNMENT BONDS 22717500 F FIXED INCOME 38556110 F CERTIFICATES OF DEPOSIT 647123 F HEDGE FUNDS 22847088 F 210364776 INTEREST RECEIVABLE 168058 HEDGE FUND REDEMPTION RECEIVABLE 5565907 DUE FROM RELATED PARTIES 3509886 SPLIT INTEREST AGREEMENT 17316495 26560346 DUE TO RELATED PARTIES 840071 840071 X PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE EXPENDED TO FUND THE ORGANIZATION'S PROGRAMS IN ACCORDANCE WITH THE ENDOWMENT'S PURPOSE. PART X, LINE 2: THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS AND ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS, IF ANY, WOULD BE CLASSIFIED AS INTEREST EXPENSE AND ADDITIONAL INCOME TAXES, RESPECTIVELY, IN THE STATEMENT OF ACTIVITIES. THE ORGANIZATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2022. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS PENDING OR IN PROGRESS. 0 EUROPE (INCLUDING ICELAND AND GREENLAND) 15 0 EDUCATIONAL, CULTURAL, RELIGIOUS, AND HUMANITARIAN 908636 MIDDLE EAST AND NORTH AFRICA 14 0 EDUCATIONAL, CULTURAL, RELIGIOUS, AND HUMANITARIAN 516836 NORTH AMERICA 2 0 EDUCATIONAL AND CULTURAL 432441 RUSSIA AND NEIGHBORING STATES 2 37 EDUCATIONAL, CULTURAL, RELIGIOUS, AND HUMANITARIAN 6121059 SOUTH AMERICA 3 0 CULTURAL AND RELIGIOUS 103000 EAST ASIA AND THE PACIFIC 2 0 EDUCATIONAL AND CULTURAL 7000 38 37 0 0 38 37 8088972 0 8088972 EUROPE (INCLUDING ICELAND AND GREENLAND) CULTURAL 627103 BANK DRAFT 0 EUROPE (INCLUDING ICELAND AND GREENLAND) EDUCATIONAL 14747 BANK DRAFT 0 EUROPE (INCLUDING ICELAND AND GREENLAND) HUMANITARIAN 13968 BANK DRAFT 0 MIDDLE EAST AND NORTH AFRICA CULTURAL 62787 BANK DRAFT 0 MIDDLE EAST AND NORTH AFRICA EDUCATIONAL 164276 BANK DRAFT 0 MIDDLE EAST AND NORTH AFRICA HUMANITARIAN 155711 BANK DRAFT 0 MIDDLE EAST AND NORTH AFRICA RELIGIOUS 37692 BANK DRAFT 0 NORTH AMERICA EDUCATIONAL 377000 BANK DRAFT 0 RUSSIA AND NEIGHBORING STATES CULTURAL 1662030 BANK DRAFT 0 RUSSIA AND NEIGHBORING STATES EDUCATIONAL 2799624 BANK DRAFT 0 RUSSIA AND NEIGHBORING STATES HUMANITARIAN 759916 BANK DRAFT 0 RUSSIA AND NEIGHBORING STATES RELIGIOUS 18308 CHECK 0 RUSSIA AND NEIGHBORING STATES RELIGIOUS 671016 BANK DRAFT 0 RUSSIA AND NEIGHBORING STATES EDUCATIONAL 0 17980 YSU EQUIP: HITACHI X-MET 800 ANALYZERS & THERMO SCIENTIFIC NITON FMV SOUTH AMERICA EDUCATIONAL 100000 BANK DRAFT 0 15 0 0 0 0 0 0 0 PART I, LINE 2: THE AGBU CENTRAL BOARD REVIEWS AND MONITORS GRANT RECIPIENTS REQUESTING FINANCIAL REPORTING TO SUPPORT GRANT EXPENDITURES. PART III ACCOUNTING METHOD: 1 AGBU MANOOGIAN-DEMIRDJIAN SCHOOL CANOGA PARKCA 6844 OAKDALE AVENUE CANOGA PARK CA 91306 953042495 501(C)(3) 253137 0 EDUCATIONAL AMERICAN UNIVERSITY OF ARMENIA CORP LAKESIDE DR 13TH FLOOR OAKLAND CA 94612 943140704 501(C)(3) 645761 0 EDUCATIONAL AMVETS 247 MT AUBURN STREET WATERTOWN MA 02472 046140397 501(C)(3) 71395 0 CULTURAL COLUMBIA UNIVERSITY IRVING MEDICAL CENTER 622 WEST 113TH STREET MAIL CODE 4524 NEW YORK NY 10025 135598093 501(C)(3) 140000 0 HUMANITARIAN CREATIVE ARMENIA 2355 WESTWOOD BLVD 333 LOS ANGELES CA 90064 812439399 501(C)(3) 100000 0 CULTURAL POMEGRANATE FOUNDATION 5322 OAK PARK AVE ENCINO CA 91316 262783657 501(C)(3) 10000 0 CULTURAL SAINT JOSEPH UNIVERSITY FOUNDATION BEIRUT INC 555 TUNPIKE STREET STE 55 NORTH ANDOVER MA 01845 815424816 501(C)(3) 10000 0 EDUCATIONAL ST MARY ARMENIAN CHURCH 148 22ND ST COSTA MESA CA 92627 330918605 501(C)(3) 20000 0 EDUCATIONAL THE ARAGATS FOUNDATION PO BOX 3882 ITHACA NY 14852 471254570 501(C)(3) 54100 0 CULTURAL TUMO FOUNDATION 5423 WILLOW WOOD LN DALLAS TX 75252 452130686 501(C)(3) 6350000 0 CULTURAL USA TV LLC 229 N CENTRAL AVE 300 GLENDALE CA 91203 262387653 10000 0 CULTURAL VOICE OF ARMENIANS NOT FOR PROFIT ORGANIZATION 7004 KENNEDY BLVD EAST 34 B WEST NEW YORK NJ 07093 800629308 501(C)(3) 10000 0 CULTURAL 11 1 CULTURAL 7 25100 EDUCATIONAL SCHOLARSHIP 135 488470 PART I, LINE 2: SCHOLARSHIPS ARE PAID EITHER TO INSTITUTIONS OF HIGHER EDUCATION OR DIRECTLY TO SCHOLARSHIP GRANT RECIPIENTS. TO MAINTAIN ELIGIBILITY, STUDENTS MUST MAINTAIN CERTAIN GRADES AND SUBMIT AN APPLICATION, TRANSCRIPTS, AND FINANCIAL INFORMATION TO DETERMINE ELIGIBILITY. 1 0 0 0 0 0 0 1 0 ANI SUSAN ANSERIAN DIRECTOR OF PROGRAMS 93750 0 25000 0 200000 0 3563 0 9827 0 332140 0 0 0 MARK GITLEN CHIEF FINANCIAL OFFICER 235000 0 25000 0 0 0 7800 0 21961 0 289761 0 0 0 NATALIE GABRIELIAN DIR- CENTRAL BD. ADMIN. AND CHAPTERS 150000 0 5000 0 0 0 4650 0 10607 0 170257 0 0 0 KAREN ALINE PAPAZIAN DIRECTOR- OUTREACH & DEVEL 150000 0 5000 0 0 0 4650 0 10595 0 170245 0 0 0 GOHAR STOMBOLYAN DIRECTOR WEST REGION 125000 0 5000 0 0 0 3900 0 22172 0 156072 0 0 0 NAHEED ELYASI DIRECTOR OF MARKETING 135000 0 5000 0 0 0 4200 0 10913 0 155113 0 0 0 RANDA AKDA DIRECTOR OF ESTATES AND TRUSTS 120000 0 5000 0 0 0 3750 0 24330 0 153080 0 0 0 PART I, LINE 4A ANSERIAN, ANI PART I, LINE 7 BONUS' PAID WERE NON-FIXED DISCRETIONARY BASED ON PERFORMANCE; ACCRUED AS OF 12/31/2021; PAID 03/16/2022. X 8 107206 FAIR MARKET VALUE X 450 5000 FAIR MARKET VALUE 0 0 0 990 AMENDED RETURN FORM 990 G GROSS RECEIPTS GROSS RECEIPTS INCREASED $191,972,190. 990 PART I CURRENT YEAR AMOUNTS CHANGED ON LINES 8, 10, 11, 12, 15, 17, 18, 20, 22 AS PER CHANGES IN PARTS VIII, IX AND X. 990 PART II THE SIGNING OFFICER HAS BEEN CHANGED. 990 PART IV, LINE 12A WAS CHANGED TO NO AND LINE 12B WAS CHANGED TO YES AS THE FINANCIAL STATEMENTS WERE COMBINED. 990 PART IV, LINE 29 WAS CHANGED TO YES. 990 PART VI, SECTION C LINE 20 NAME UPDATED. 990 PART VIII, LINE 1D AND 1F WERE DECREASED BY $38,518 AND $1,155 RESPECTIVELY. 990 PART VII LINE 1B AND 1D, COLUMNS D + F CHANGED AS A RESULT OF THE CHANGES IN LINE 1D AND 1F. LINES 3 + 7 - TITLES UPDATED. 990 PART VIII STATEMENT OF REVENUE LINE 1F ALL OTHER CONTRIBUTIONS: INCREASED $3,069,628. LINE 1G NONCASH CONTRIBUTIONS: INCREASED $107,206. LINE 1H TOTAL CONTRIBUTIONS INCREASED BY $3,069,628. LINE 3 INVESTMENT INCOME INCREASED $425,372. LINE 5 ROYALTIES DECREASED $5,214. LINE 6A AND 6C GROSS RENTS AND RENTAL INCOME OR (LOSS) DECREASED $27. LINE 7A GROSS AMOUNT FROM SALES OF ASSETS OTHER THAN INVENTORY INCREASED $188,482,461. LINE 7B LESS: COST OR OTHER BASIS AND SALES EXPENSES INCREASED $188,307,372. LINE 7C GAIN OR (LOSS) INCREASED $175,059. 990 PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 1 GRANTS AND OTHER ASSISTANCE TO DOMESTIC ORGANIZATIONS DECREASED $624,794. LINE 3 GRANTS AND OTHER ASSISTANCE TO FOREIGN ORGANIZATIONS INCREASED $624,795. LINE 8 PENSION PLAN ACCRUALS AND CONTRIBUTIONS INCREASED $12,517. LINE 9 OTHER EMPLOYEE BENEFITS INCREASED $31,787. LINE 11F INVESTMENT MANAGEMENT FEES INCREASED $684,194. LINE 24D MISCELLANEOUS EXPENSES DECREASED $1. LINE 25 TOTAL FUNCTIONAL INCREASED $728,498. 990 PART X BALANCE SHEET LINE 1B CASH - NON-INTEREST BEARING DECREASED $1,619,646. LINE 2 SAVINGS AND TEMPORARY CASH INVESTMENTS INCREASED $1,619,556. LINE 4 ACCOUNTS RECEIVABLE INCREASED $611,624. LINE 9 PREPAID EXPENSES AND DEFERRED CHARGES INCREASED $60,827. LINE 15 OTHER ASSETS: INTEREST RECEIVABLE INCREASED $168,058. HEDGE FUND REDEMPTION RECEIVABLE DECREASED $779,682. BENEFICIAL INTEREST IN PERPETUAL TRUST DECREASED $12,168,400. 990 PART XI RECONCILIATION OF NET ASSETS LINE 1 TOTAL REVENUE INCREASED 3,664,818 AS PER CHANGES IN PART VIII. LINE 2 TOTAL EXPENSES INCREASED $728,498 AS PER PART IX. LINE 3 REVENUE LESS EXPENSES INCREASED $2,936,320. LINE 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS. LINE 8 PRIOR PERIOD ADJUSTMENTS DECREASED $14,277,957. LINE 10 NET ASSETS DECREASED $12,212,794. 990 PART XII FINANCIAL STATEMENTS AND REPORTING LINE 2B CHANGED TO YES. LINE 2C CHANGED TO YES. SCHEDULE A PART II LINE 1 GIFTS, GRANTS AND MEMBERSHIP FEES FOR 2022 INCREASED $3,069,628. PART II LINE 4 + 7 TOTAL FOR 2022 INCREASED $3,069,628. PART II LINE 5 CONTRIBUTIONS OVER 2% DECREASED $11,094,068. PART II LINE 6 PUBLIC SUPPORT INCREASED $14,163,696. SECTION II LINE 8 GROSS INCOME FROM INVESTMENTS INCREASED $425,345 FOR 2022 AND IN TOTAL. SECTION II LINE 10 OTHER INCOME WAS DECREASED TO ZERO. SECTION II LINE 11 TOTAL SUPPORT INCREASED $238,465. SECTION II LINE 12 GROSS RECEIPTS FROM RELATED ACTIVITIES INCREASED $3,256,508. SECTION II LINE 14 PUBLIC SUPPORT PERCENTAGE INCREASED 2.15. SCHEDULE B, PART I, LINE 11 DONOR ADDED. SCHEDULE D PART V ENDOWMENT FUNDS LINES 1B THROUGH 1F UPDATED FOR 2022 ACTIVITY. PART IX OTHER ASSETS - INTEREST RECEIVABLE WAS ADDED, BENEFICIAL INTEREST IN PERPETUAL TRUST WAS REMOVED, HEDGE FUND REDEMPTION AMOUNT UPDATED. PART XI RECONCILIATION REMOVED AS IT IS NO LONGER REQUIRED FOR COMBINED FINANCIAL STATEMENTS. SCHEDULE F PART I LINE 3, COLUMN F CHANGED EACH REGION AND EAST ASIA AND THE PACIFIC HAS BEEN ADDED, TOTALS HAVE BEEN UPDATED ON 3A THROUGH 3C. SCHEDULE I, PART II COLUMN H, PURPOSES OF GRANT CHANGED FOR GRANTS LISTED. SCHEDULE J PART I, LINE 7 HAS BEEN CHANGED TO YES. PART II, LINE 1 HAS BEEN UPDATED PER CHANGES IN 990 PART VII. PART III, SUPPLEMENTAL INFORMATION WAS ADDED TO PROVIDE INFORMATION REGARDING PART I, LINE 7. SCHEDULE M WAS ADDED AS THE IN-KIND DONATIONS ARE OVER $25K. SCHEDULE R PART V, LINE 2C - AMOUNTS WERE ADDED AS REQUIRED, TWO RELATED PARTIES WERE ADDED AND TWO WERE REMOVED. FORM 990, PART VI, SECTION A, LINE 2 MEMBERS OF THE BOARD ARE RELATED AS FOLLOWS: ANI MANOUKIAN (DIRECTOR) - DAUGHTER AND BERGE SETRAKIAN (PRESIDENT) - FATHER FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON OF ARMENIAN EXTRACTION IN ANY PART OF THE WORLD WHO SUBSCRIBES TO THE PRINCIPLES AND GUIDELINES OF THE ORGANIZATION, AGREES TO ABIDE BY THE CERTIFICATE OF INCORPORATION AND BY-LAWS IS ELIGIBLE TO BECOME A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A A MEMBER WHO PAYS MEMBERSHIP DUES AND HAS BEEN A MEMBER FOR A PERIOD OF AT LEAST ONE YEAR IS ENTITLED TO VOTE AT ANY MEETING OF THE CHAPTER TO WHICH HE/SHE BELONGS AND TO HOLD OFFICE THEREIN. FORM 990, PART VI, SECTION B, LINE 11B CENTRAL BOARD'S EXECUTIVE COMMITTEE REVIEWED A DRAFT OF THE FORM 990 RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES EACH BOARD MEMBER TO SIGN A STATEMENT ANNUALLY THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 MEMBERS OF THE ORGANIZATION'S EXECUTIVE COMMITTEE ARE NOT COMPENSATED. COMPENSATION FOR TOP MANAGEMENT OFFICIALS IS DETERMINED BY THE EXECUTIVE COMMITTEE. MEETINGS TO DISCUSS THE DETERMINATION OF COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990, WHICH IS PUBLIC INFORMATION AND IS POSTED ANNUALLY ON THE IRS WEBSITE, IS ALSO AVAILABLE FOR PUBLIC INSPECTION ON THE GUIDESTAR AND CHARITY NAVIGATOR WEBSITES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX STATEMENT OF FUNCTIONAL EXPENSES, LINE 5A TO LINE 7A: THE ORGANIZATION OUTSOURCES THE MANAGEMENT OF HUMAN RESOURCES, EMPLOYEE BENEFITS, PAYROLL AND WORKERS' COMPENSATION TO TRINET GROUP, INC., A PEO SERVICE PROVIDER. FORM 990, PART XII, LINE 2C: BACKGROUND: THE ARMENIAN GENERAL BENEVOLENT UNION (AGBU) WAS FOUNDED IN 1906. IT IS THE OLDEST AND LARGEST ARMENIAN NON-PROFIT ORGANIZATION IN THE WORLD. HEADQUARTERED IN NEW YORK CITY, IT MAINTAINS OPERATIONS IN 26 COUNTRIES, SPANNING 6 CONTINENTS. IT CONCENTRATES ITS ACTIVITIES IN EDUCATIONAL, CULTURAL, HUMANITARIAN AND YOUTH PROGRAMS AND SERVES 400,000 ARMENIANS WORLDWIDE ON AN ONGOING BASIS WITH ITS OUTREACH PROGRAMS. PROGRAMS: AGBU'S EDUCATIONAL PROGRAMS ENCOMPASS SCHOOLS IN 12 COUNTRIES SPREAD OVER 26 CITIES. THESE PROGRAMS INCLUDE 9 SATURDAY SCHOOLS, 3 FULLY ACCREDITED DAY SCHOOLS IN THE U.S. FOR GRADES PRE-K THROUGH HIGH SCHOOL, AND 10 DAY SCHOOLSAND 5 SATURDAY SCHOOLS ABROAD, A VIRTUAL COLLEGE, AND THE AMERICAN UNIVERSITY OF ARMENIA. IT HAS AN ACTIVE WORLDWIDE SCHOLARSHIP PROGRAM FOR COLLEGE AND UNIVERSITY UNDERGRADUATE AND GRADUATE STUDENTS STUDYING IN THE US AND ABROAD. CULTURAL PROGRAMS INCLUDE SUPPORT OF ARMENIAN CHAMBER AND PHILHARMONIC ORCHESTRAS, DANCE ENSEMBLES, THEATER, ART, LITERARY AND MUSIC GROUPS AND EVENTS THROUGHOUT THE WORLD. HUMANITARIAN PROGRAMS INCLUDE SENIOR DINING CENTERS, MEDICAL FACILITIES, HOSPITALS, MEDICAL RELIEF AND AID PROGRAMS, FOOD DISTRIBUTION CENTERS TO THE NEEDY, AND EMERGENCY RELIEF FOR DISPLACED ARMENIANS. YOUTH PROGRAMS ENCOMPASS A DIVERSE RANGE OF ACTIVITIES. THERE ARE AROUND 50 YOUNG PROFESSIONAL GROUPS WORLDWIDE. AGBU SUPPORTS SUMMER INTERNSHIP PROGRAMS (NEW YORK, LONDON AND YEREVAN) WHERE MULTI-NATIONAL YOUTH WORK IN SELECTED PROFESSIONS. THE AGBU GENERATION NEXT PROGRAM PROVIDES MENTORING TO DISADVANTAGED YOUTH IN SOUTHERN CALIFORNIA. AGBU RUNS SUMMER CAMPS IN THE U.S., EUROPE AND ARMENIA, A CHESS PROGRAM IN ARMENIA, SPORTS TEAMS, ATHLETIC COMPETITIONS, AND SCOUTING PROGRAMS AROUND THE WORLD. OVERSIGHT BY AGBU CENTRAL BOARD: AGBU HAS A BROAD SCOPE OF OPERATIONS. THE AGBU CENTRAL BOARD REVIEWS AND MONITORS THE ACTIVITIES OF ITS DISTRICTS, CHAPTERS AND SCHOOLS TO ENSURE THEIR PROGRAMS AND OPERATIONS REMAIN RELEVANT AND PROPERLY SERVICE THE NEEDS OF THE LOCAL COMMUNITY WHILE ADHERING TO THE WELL-ESTABLISHED IDEALS AND PRINCIPLES OF CONDUCT OF THE NON-PROFIT ORGANIZATION. FINANCIAL: THE BASIC FORM 990 IS NOT REQUIRED TO REPORT REVENUES, EXPENSES, ASSETS, AND LIABILITIES OF THE NON-US AGBU ENTITIES. HOWEVER, SOME REAL ESTATE AND PROPERTIES, WHOSE OWNERSHIP TITLE IS HELD BY THE US CORPORATION, ARE REPORTED BY THE DELAWARE ENTITY. MANY OF THE NON-US AGBU DISTRICTS, CHAPTERS AND SCHOOLS GENERATE REVENUE TO SUSTAIN THEIR LOCAL OPERATIONS BY LOCAL FUNDRAISING, DONATIONS, GRANTS, TUITIONS, FEES AND OTHER INCOME. AGBU MANOOGIAN-DEMIRDJIAN SCHOOL 6844 OAKDALE AVENUE CANOGA PARK CA 91306 953042495 EDUCATIONAL CA 501(C)(3) 509(A)(2) 0 AGBU ARMEN ONTARIO 1 CONCORDE GATE SUITE 200D NORTH YORK ONTARIO CA M3C3N6 HUMANITARIAN, CULTURAL CA 0 AGBU ECOLE ARMEN QUEBEC DE L'UGAB 755 RUE MANOOGIAN VILLE ST LAURANT QUEBEC CA EDUCATIONAL CA 0 AGBU COLEGIO Y LICEO NUBARIAN- ALEX MANOOGIAN SCHOOL 2850 AVENDIA AGRACIADA MONTEVIDEO UY EDUCATIONAL UY 0 AGBU CORDOBA CHAPTER UGAB- AVENDIA PATRIA 921 5000 CORDOBA AR CULTURAL AR 0 AGBU DISTRICT COMMITTEE OF LEBANON DEMIRDJIAN CENTER AUTOSTRADE DBAYE ANTELIAS LE EDUCATIONAL, CULTURAL & HUMANITARIAN LE 0 UNION GENERALE ARMENIENNE DE BIENFAISANCE DE MONTREAL INC(CANADA) 805 RUE MANOOGIAN VILLE ST LAURANT CA H4N1Z5 CULTURAL CA 0 AGBU VIENNA CHAPTER KOLONITZGASSE 11/13 VIENNA AU A-1030 CULTURAL AU 0 AGBU PAREKORDZAGAN PLOVDIV 158 6TH IX BLVD 4TH FLR APT 16 PLOVDIV BU CULTURAL BU 0 AGBU PAREKORDZAGAN SOFIA 60 YARLOSLAV VECHIN STR BL 9 APT SOFIA BU 1407 CULTURAL BU 0 AGBU IRAQ AL RIAD AVENUE 910 BLDG 4 ROAD BAGHDAD IZ HUMANITARIAN IZ 0 AGBU NICOSIA CHAPTER LIMASSOL ROAD PO BOX 21807 PLATI AGLANTZIA CY CY-1514 CULTURAL CY 0 UNION GENERAL ARMENIA DE BENEFICENCIA (ARGENTINA) ARMENIA 1322 1414 BUENOS AIRES AR EDUCATIONAL AR 0 UNION GENERALE ARMENIENNE DE BIENFAISANCE (FRANCE) 11 SQUARE ALBONI PARIS FR EDUCATIONAL, CULTURAL & HUMANITARIAN FR 0 AGBU VIRTUAL COLLEGE 9 ALEX MANOOGIAN STREET YEREVAN AM EDUCATIONAL AM 0 AGBU MELBOURNE PO BOX 775 GLEN WAVERLEY VICTORIA AS 3150 EDUCATIONAL, CULTURAL & HUMANITARIAN AS 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AGBU PAREKORDZAGAN SOFIA B 65000 APPROVED BUDGET AGBU DISTRICT COMMITTEE OF LEBANON B 282096 APPROVED BUDGET AGBU DISTRICT COMMITTEE OF LEBANON C 40000 DONATION FROM GENERAL PUBLIC AGBU MANOOGIAN-DEMIRDJIAN SCHOOL CANOGA PARKCA B 252537 APPROVED BUDGET AGBU MANOOGIAN-DEMIRDJIAN SCHOOL CANOGA PARKCA B 600 DONATION FROM GENERAL PUBLIC AGBU ECOLE ARMEN QUEBEC DE L'UGAB B 377000 APPROVED BUDGET AGBU UNION GENERALE ARMENIENNE DE BIENFAISANCE (FRANCE) B 340574 APPROVED BUDGET AGBU UNION GENERAL ARMENIA DE BENEFICENCIA (BUENOS AIRES) B 100000 APPROVED BUDGET AGBU EUROPE B 116308 APPROVED BUDGET