Armenian General Benevolent Union
Armenian General Benevolent Union reported $34.6 million in revenue and $29.4 million in expenses for calendar year 2024. Of every $100 it spent, $81.14 went to program services, $14.65 to management and general costs and $4.21 to fundraising. Its largest source of revenue was contributions and grants: 69.1% of the total. The highest compensation it reported for one person was $304,751 (CHIEF FINANCIAL OFFICER). 6 people received more than $100,000 in reportable compensation. Revenue rose 35% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $29MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.1% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.6% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 69.1% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.8% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $304,751 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.04% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 6 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 131.7 | 6.8 |
| Independent voting board members Part VI 1a–1b | 20 of 20 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseEducational - 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
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…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF FINANCIAL OFFICER Director/trustee, officer, 40.00 hrs/week | $267,025 | $0 | $37,726 | $304,751 |
| DIRECTOR- OUTREACH & DEVEL Highest compensated employee, 40.00 hrs/week | $167,787 | $0 | $18,322 | $186,109 |
| DIRECTOR OF COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $176,848 | $0 | $7,741 | $184,589 |
| DIRECTOR OF MARKETING Highest compensated employee, 40.00 hrs/week | $161,334 | $0 | $17,485 | $178,819 |
| DIRECTOR OF CHAPTERS & CENTRAL BOARD ADMINISTRATIO Highest compensated employee, 40.00 hrs/week | $153,696 | $0 | $19,061 | $172,757 |
| DIRECTOR WEST REGION Highest compensated employee, 40.00 hrs/week | $140,122 | $0 | $25,937 | $166,059 |
6 people received more than $100,000 in reportable compensation from Armenian General Benevolent Union (Part VII, line 2). Compensation of current officers, directors and key employees totaled $305K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 20 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5102
- Volunteers Part I, line 61,520
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| GOTHAM HALL OPERATING ENTITY LLC Event service | $240,129 |
| MARCUM LLP Accounting and audit service | $238,039 |
| IW COLUMBUS CENTRE LLC Event service | $227,329 |
| PRINT SOLUTIONS INC Printing service | $167,771 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Armenian General Benevolent Union totaling $56,200 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Armenian General Benevolent Union's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Armenian General Benevolent Union, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Armenian General Benevolent Union spent in 2024, $81.14 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Armenian General Benevolent Union's spending goes to programs?
In calendar year 2024, Armenian General Benevolent Union reported that 81.1% of its $29.4 million in expenses went to program services, 14.6% to management and general and 4.2% to fundraising (Form 990, Part IX).
How much does Armenian General Benevolent Union pay its top executive?
The largest total compensation Armenian General Benevolent Union reported for one person in calendar year 2024 was $304,751, for the role of CHIEF FINANCIAL OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Armenian General Benevolent Union get its money?
Of $34.6 million in revenue in calendar year 2024, 69.1% came from contributions and grants and 3.8% from program service revenue (Form 990, Part VIII).
Is Armenian General Benevolent Union a registered charity?
The IRS lists EIN 13-5600421 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523219349302462 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349315662 · read the filing
- 2022: Form 990 for calendar year 2022 (amended), object 202401089349301330 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349325237 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349320558 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043179349300534 · read the filing
All filings for EIN 13-5600421: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.