Overview
What is Anca Endowment Fund Inc?
Anca Endowment Fund Inc, based in Washington D.C., is a nonprofit organization that offers educational opportunities to young adults interested in U.S. government and non-profit activities. They accomplish this by providing part-time internship and full-time job prospects through the Anca Hovig Apo Saghdejian Capital Gateway Program. The aim of this program is to give qualified university students and graduates the chance to engage in Washington, D.C.'s professional sphere. Additionally, Anca Endowment Fund Inc distributes educational materials discussing significant issues affecting the American-Armenian community and other interested parties. The organization's mission is to foster engagement and learning in these areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
The Anca Endowment Fund Inc has received a Two-Star rating from Charity Navigator, indicating a score of 67%. This rating is based entirely on its performance in the Accountability & Finance beacon, reflecting the organization's commitment to transparency and effective financial management.
One of the notable strengths of the organization is its governance structure, with 100% of board members being independent, which is a positive indicator of accountability. Additionally, there have been no material diversions of assets, and the organization documents board meeting minutes effectively. The program expense ratio stands at a strong 81.04%, suggesting that a significant portion of its expenditures is directed towards its charitable activities.
However, the overall rating still falls short of the higher benchmarks set by other nonprofits, indicating there may be areas for improvement in overall operations or program impact that could enhance its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Anca Endowment Fund Inc legitimate?
Anca Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anca Endowment Fund Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Anca Endowment Fund Inc?
The Anca Endowment Fund Inc's mission is centered around providing educational opportunities for young adults with an interest in U.S. government and non-profit activities. This is achieved through internships and by distributing educational materials addressing issues relevant to the American-Armenian community and other interested parties. The organization supports the Anca Hovig Apo Saghdejian Capital Gateway Program, offering part-time internship and full-time job opportunities in Washington D.C. to qualified university students and graduates. This initiative aims to provide young adults with practical experience in their chosen field.
Who is the CEO of Anca Endowment Fund Inc?
Raffi Hamparian is the President of Anca Endowment Fund Inc.
What is the revenue of Anca Endowment Fund Inc?
Anca Endowment Fund Inc's revenue in 2022 was $1,548,028.
Who are the executives of Anca Endowment Fund Inc and what are their salaries?
There 5 volunteers at Anca Endowment Fund Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Anca Endowment Fund Inc?
Anca Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anca Endowment Fund Inc
Anca Endowment Fund Inc is dedicated to providing educational opportunities for young adults with an interest in U.S. government and not-for-profit activities. This is accomplished through internships, offering a practical learning experience, and distributing educational materials focusing on issues significant to the American-Armenian community and other interested parties.
In essence, the Anca Endowment Fund Inc serves as a bridge, connecting motivated young individuals seeking to engage in governmental and non-profit work with potential internships and job opportunities in Washington D.C. Simultaneously, the organization provides informative resources addressing topics of importance to the American-Armenian community and beyond. This multifaceted approach enables Anca Endowment Fund Inc to cultivate the next generation of leaders in U.S. government and not-for-profit sectors while fostering awareness and engagement within the broader community.
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Impact
October, 2024
The Anca Endowment Fund Inc significantly impacts young adults aspiring to engage with U.S. government and nonprofit sectors. By facilitating internships and job opportunities through the Capital Gateway Program, it empowers qualified university students and graduates to gain invaluable experience in Washington, DC. This initiative not only helps participants develop professional skills but also enhances their understanding of civic responsibilities.
Moreover, the fund plays a crucial role in supporting educational materials that address vital issues concerning the American-Armenian community and other interested stakeholders. This dual focus on practical experience and educational outreach fosters informed and active citizenship, ultimately strengthening community ties and promoting participation in democratic processes. Through its efforts, the Anca Endowment Fund cultivates a new generation of leaders dedicated to public service and advocacy.
This information is meant to be a general summary of Anca Endowment Fund Inc. 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 2022.
- Investment Income: $10,121
- Gross Receipts: $1,662,929
Assets and Liabilities:
- Total Assets: $7,419,584
- Total Liabilities: $230,286
- Net Assets: $7,189,298
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Organization Details
Founding Year
1997
Phone
(202) 742-8704Principal Officer
Raffi Hamparian
Main Address
1711 N STREET NW, WASHINGTON, DC, 20036
NTEE Category
Code: Q200 - International
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