2022 Annual Report
Financials
The financial statements of the Fund for Armenian Relief, Inc. for the year ending December 31, 2022, have been audited by the accounting firm of WithumSmith+Brown. The independent auditors issued an “unqualified opinion” that FAR statements conform to accounting principles generally accepted in the United States of America and that “the financial statement...present fairly, in all material respects, the financial position of the Fund for Armenian Relief, Inc.” as of the given date. The audit report is available upon request.
The numbers are derived from the 2022 FAR audit report.
Pooled investments held by ACEF
$5,526,638
Beneficial Interest in funds held by others
$1,852,492
Property and equipment, net
$1,631,044
Inventory of supplies and donated goods
$351,769
Prepaid expenses
$1,611
Contributions and pledges receivable
$5,816,481
Investments
$6,298,091
Cash and cash equivalents
$3,984,050
2022 Asset Base
Total Assets
$25,541,858
Grants and Contracts
$ 568,378
Other Income
$1,672
In-Kind Donations
$47,006
Contributions
$10,896,050
Support and Revenue
Children
$1,537,096
Seniors
$562,225
Health & Emergency Need
$1,035,958
Educational
$1,010,106
Development& Next Generation