Overview
What is Armenian General Benevolent Union?
The Armenian General Benevolent Union (AGBU) is a nonprofit organization based in New York City, specifically at 55 East 59th Street in Manhattan, with a total workforce of 111 employees. AGBU takes a holistic approach to education, incorporating both traditional and innovative learning platforms and programs, and collaborates with renowned educational institutions to further the reach of Armenian studies. The organization aims to introduce the world to the distinctive aspects of the Armenian culture and its historical contributions to the civilized world. By embracing diverse perspectives, AGBU serves as a gateway to enriching educational experiences for individuals throughout their lives. Their mission is to ensure the prosperity and well-being of all Armenians.
Official website here: www.agbu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Armenian General Benevolent Union (AGBU) has achieved a perfect score of 100% on Charity Navigator, reflecting its exceptional accountability and finance practices. This accolade indicates that AGBU maintains a robust financial health and transparency, underscored by an entirely independent board of 20 members. The organization scores top marks in key areas such as audit oversight, material diversion of assets, and the maintenance of essential governance policies.
AGBU demonstrates a strong commitment to its mission, with a program expense ratio of 83.79%, meaning that a significant majority of its expenditures directly support its charitable activities. Additionally, the organization boasts an impressive fundraising efficiency, with costs of only $0.03 to raise each dollar, indicating effective resource management. The long-term working capital ratio of 10.08 years also suggests AGBU's capability to sustain its operations and initiatives well into the future.
While the data reflects a highly effective organization, potential donors may want to consider the scope of AGBU's programs and their alignment with personal interests. Overall, AGBU exemplifies strong nonprofit governance and financial stewardship, making it a commendable option for those looking to support charitable causes related to the Armenian community.
This AI summary has been generated from information found on Charity Navigator.
Is Armenian General Benevolent Union legitimate?
Armenian General Benevolent Union is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armenian General Benevolent Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $300,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,229,349
For more financial information, click here
Official website here: www.agbu.org
What is the mission statement of Armenian General Benevolent Union?
The Armenian General Benevolent Union is committed to ensuring the prosperity and well-being of all Armenians. They take a holistic approach to education, incorporating both traditional and innovative learning platforms and programs. The organization partners with reputable world-class learning institutions to elevate and expand the reach of Armenian studies. Additionally, they strive to introduce the world to the unique attributes of the Armenian nation and its significant contributions to the civilized world since ancient times. By embracing diverse perspectives, the Armenian General Benevolent Union serves as a gateway to rich educational experiences for learners at every stage of life.
Official website here: www.agbu.org
What is the revenue of Armenian General Benevolent Union?
Armenian General Benevolent Union's revenue in 2023 was $38,112,370.
Official website here: www.agbu.org
Who are the executives of Armenian General Benevolent Union and what are their salaries?
The average compensation at Armenian General Benevolent Union during 2023 was $44,410. There are 102 employees and 1521 volunteers at Armenian General Benevolent Union.
Here are 27 key members and their salaries:
- Compensation: $259,385
- Related: $0
- Other: $41,117
- Compensation: $164,157
- Related: $0
- Other: $19,993
- Compensation: $162,372
- Related: $0
- Other: $18,160
- Compensation: $150,113
- Related: $0
- Other: $17,599
- Compensation: $157,967
- Related: $0
- Other: $8,154
- Compensation: $133,602
- Related: $0
- Other: $25,934
- Compensation: $0
- Related: $0
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- Other: $0
Official website here: www.agbu.org
Where can I find the form 990 for Armenian General Benevolent Union?
Armenian General Benevolent Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.agbu.org
Learn more at the official website: www.agbu.org
Mission Statement of Armenian General Benevolent Union
The Armenian General Benevolent Union (AGBU) is a nonprofit organization committed to ensuring the prosperity and well-being of all Armenians. AGBU takes a comprehensive approach to education, offering both traditional and innovative learning platforms and programs in partnership with reputable world-class learning institutions. By doing so, AGBU strives to elevate and expand the reach of Armenian studies, exposing the world to the unique attributes of the Armenian nation and its significant contributions to the civilized world since ancient times. The Union embraces diverse perspectives and serves as a gateway to enriching educational experiences for learners at various stages of life. AGBU's mission is to provide essential resources and support to the Armenian community, fostering growth and discovery throughout their journey.
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Impact
October, 2024
The Armenian General Benevolent Union (AGBU) significantly impacts the global Armenian community through comprehensive educational initiatives and cultural outreach. Its multifaceted approach to education encompasses both traditional and innovative learning platforms, allowing individuals to engage with Armenian studies from diverse perspectives. By partnering with world-class educational institutions, AGBU enhances the quality and accessibility of Armenian education, fostering a lifelong passion for learning among Armenians of all ages.
AGBU's programs not only strengthen individual and community knowledge but also work to elevate the global understanding of Armenian culture and history. By promoting the unique attributes and contributions of the Armenian nation, AGBU serves as a vital conduit for cultural exchange, helping to ensure that the richness of Armenian heritage is recognized and appreciated worldwide. This commitment to education and cultural promotion aids in preserving the identity and prosperity of Armenians, reinforcing community bonds, and ensuring that future generations are equipped with the knowledge and resources necessary for their well-being and success.
This information is meant to be a general summary of Armenian General Benevolent Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,840,265
- Program Service Revenue: $1,041,737
- Gross Receipts: $254,624,612
Assets and Liabilities:
- Total Assets: $297,525,915
- Total Liabilities: $5,153,741
- Net Assets: $292,372,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,041,737
Organization Details
Founding Year
1959
Phone
(212) 319-6383Principal Officer
Yervant Demirjian
Main Address
55 EAST 59TH STREET, NEW YORK, NY, 10022
Website
www.agbu.orgNTEE Category
Code: Q12 - International
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