Nonprofit · EIN 20-2821426
ARMENIAN CHURCH ENDOWMENT FUND INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,642,810 | $4,227,436 | $7,415,374 | $151,681,375 | $58,972,696 | $92,708,679 |
| December 31, 2023 | 990 | $4,363,783 | $3,976,412 | $387,371 | $146,847,942 | $58,464,602 | $88,383,340 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,660,705
- Program service revenue
- $312,801
- Investment income
- $9,669,304
- Net gain from sales of assets
- $8,305,310
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,429,027
- Compensation of officers, directors and key employees
- $65,115
- Other salaries and wages
- $90,882
- Salaries, compensation and benefits (total)
- $179,676
- Professional fundraising fees
- $0
- Legal fees
- $4,076
- Accounting fees
- $131,755
- Occupancy
- $36,000
- Program services (functional)
- $3,500,743
- Management and general (functional)
- $726,693
Balance sheet and other
- Total assets, start of year
- $146,847,942
- Total assets, end of year
- $151,681,375
- Total liabilities, end of year
- $58,972,696
- Net assets, end of year
- $92,708,679
- Publicly traded securities
- $83,830,323
- Net assets without donor restrictions
- $1,664,931
- Net assets with donor restrictions
- $91,043,748
- Gross unrelated business income
- -$17,341
- Gross receipts
- $58,188,876
- Employees
- 3
- Volunteers
- 13
- Year formed
- 2005
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa A Kazanjian | Executive Director Officer | 32 | $65,115 |
| Bishop Mesrop Parsamyan | PRESIDENT Trustee or director, Officer | 1 | $0 |
| Gregory Zorthian | Chair Trustee or director, Officer | 1 | $0 |
| Kirk S Hachigian | Director Trustee or director | 1 | $0 |
| Bryan Stepanian | Director Trustee or director | 1 | $0 |
| Gregory Melconian | Treasurer Trustee or director, Officer | 1 | $0 |
| Robert E Cannuscio | Secretary Trustee or director, Officer | 1 | $0 |
| Melanie Dadourian | Director Trustee or director | 1 | $0 |
| Eric Baroyan | Director Trustee or director | 1 | $0 |
| Kirk Kazazian | DIRECTOR Trustee or director | 1 | $0 |
| Richard Papalian | Director Trustee or director | 1 | $0 |
| Marie A Vanerian | DIRECTOR Trustee or director | 1 | $0 |
| Elizabeth Shaghalian Vranka | DIRECTOR Trustee or director | 1 | $0 |
| Gregory J Amerkanian | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bishop Mesrop Parsamyan | PRESIDENT Trustee or director, Officer | 1 | $0 |
| Robert E Cannuscio | Secretary Trustee or director, Officer | 1 | $0 |
| Melanie Dadourian | Director Trustee or director | 1 | $0 |
| Eric Baroyan | Director Trustee or director | 1 | $0 |
| Gregory Zorthian | Chair Trustee or director, Officer | 1 | $0 |
| Gregory Melconian | Treasurer Trustee or director, Officer | 1 | $0 |
| Kirk S Hachigian | Co-Chair Trustee or director, Officer | 1 | $0 |
| Kirk Kazazian | DIRECTOR Trustee or director | 1 | $0 |
| Richard Papalian | Director Trustee or director | 1 | $0 |
| Bryan Stepanian | Co-Chair Trustee or director, Officer | 1 | $0 |
| Marie Vanerian | DIRECTOR Trustee or director | 1 | $0 |
| Elizabeth Shaghalian Vranka | DIRECTOR Trustee or director | 1 | $0 |
| Gregory J Amerkanian | Director Trustee or director | 1 | $0 |
| Lisa A Kazanjian | Executive Director Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 630 2ND AVE, NEW YORK, NY 10016-4806
- In care of
- % MICHAEL HALAJIAN
- Principal officer (990 for 2024)
- Gregory Melconian, 630 Second Avenue, New York, NY 10016
- Signed the 990
- Gregory Melconian, Treasurer
- Phone
- (212) 812-2255
- Website
- acefinvest.org
- Return prepared by
- WithumSmithBrown PC
Mission
The mission of the Armenian Church Endowment Fund ("ACEF") is to provide financial support to the Diocese, parishes, and related entities of the Armenian Apostolic Church through oversight of pooled investments under our management. ACEF's professional investment management services, with a long-term horizon and diversified asset allocation, are designed to provide financial sustainability that allows our endowed institutions, our Armenian culture, and our spirituality to thrive for generations to come.
Program accomplishments
- ACEF has achieved its goal of distributing 4.5% of assets to beneficiaries each year for the last 22 consecutive years. These monies have been a stable source of funding, helping communities build or repair churches, meet their operating expenses, fund educational programs promoting Armenia's rich history and heritage, and support many other important initiatives. ACEF is proud to work with its investors to help ensure the future of the Armenian Church.Expenses $3,500,743 · grants $3,429,027 · revenue $312,801
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2821426
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X90)
- Assets (IRS master file)
- $151,681,375
- Income (IRS master file)
- $58,188,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,642,810 | $4,227,436 | $151,681,375 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,363,783 | $3,976,412 | $146,847,942 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | -$5,279,564 | $3,734,499 | $135,682,703 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2821426).
Questions about ARMENIAN CHURCH ENDOWMENT FUND INC
- What is the EIN of ARMENIAN CHURCH ENDOWMENT FUND INC?
- The employer identification number (EIN) of ARMENIAN CHURCH ENDOWMENT FUND INC is 20-2821426.
- Is ARMENIAN CHURCH ENDOWMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to ARMENIAN CHURCH ENDOWMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ARMENIAN CHURCH ENDOWMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARMENIAN CHURCH ENDOWMENT FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARMENIAN CHURCH ENDOWMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ARMENIAN CHURCH ENDOWMENT FUND INC?
- The 990 for the year ended December 31, 2024 names Gregory Melconian.
- Who are the officers and directors of ARMENIAN CHURCH ENDOWMENT FUND INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $65,115 (Lisa A Kazanjian, Executive Director).
- How much revenue does ARMENIAN CHURCH ENDOWMENT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,642,810, expenses of $4,227,436 and total assets of $151,681,375 at year end.
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