The Friends of Holy Etchmiadzin INC C/O Stephen Mekenian EIN 31-1819044

The Friends of Holy Etchmiadzin INC C/O Stephen Mekenian

EIN  31-1819044 Public foundation / grantmaker Ridgefield Park, NJ Founded 2003
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Size
$100K–1M
What they do
Supports the Holy Etchmiadzin in Armenia and other Armenian charities.
Leadership
Sarkis Bedevian · Chair, Board of Trustees Thru 1/25
Money in and out
$603K revenue, $232K expenses
Bottom line
78% program efficiency

Supports the Holy Etchmiadzin in Armenia and other Armenian charities. For fiscal year 2025 it reported $603K in revenue, $232K in expenses, and $12.6M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$603K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$12.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $371K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
654.7mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+62%
revenue over expenses, this year▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$603K
FY2025▼ -26%
Expenses
$232K
FY2025▼ -15%
Total assets
$12.6M
FY2025▲ +13%
Total liabilities
$0
FY2025
Total revenue
$603K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$12.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$371K
Total assetsPt X · Ln 16$12.6M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $180K of program spending, described in the organization's own filed words · FY2025.
01

Support of religious activities, holy etchmiadzin, and armenian charities.

$180Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Friends of Holy Etchmiadzin INC C/O Stephen Mekenian
EINHdr · item D31-1819044
Principal addressHdr · item CRidgefield Park, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2003
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70)
Ruling yearIRS BMFJul 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chair, Board of Trustees Thru 1/25
$0Pt VII · Sec A
Chairman Eff. 1/25 / Treasurer
$0Pt VII · Sec A
Vice Chairman / Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Friends of Holy Etchmiadzin INC C/O Stephen Mekenian executive salaries →

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Statement of Revenue

Part VIII
Investment income$359K · 59%
Contributions & grants$245K · 41%
Investment income59%$359K
Contributions & grants41%$245K
Total revenueLn 12$603K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$180K
Management & general22%$52K
Total functional expensesLn 25$232K

Balance Sheet

Part X · end of year
CashLn 1$206K
Total assetsLn 16$12.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$12.6M
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.6M · Operating expenses/yr $232K
654.7 months
Where the money goes
Program services
Program services $180K · Total expenses $232K
78%
Management & General
Management & general $52K · Total expenses $232K
22%
Fundraising
Fundraising $0 · Total expenses $232K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $957K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $245K · Total revenue $603K
41%
Government reliance
Government grants — · Total revenue $603K
Earned-income share
Program service revenue $0 · Total revenue $603K
0%
Investment reliance
Investment income $359K · Total revenue $603K
+59%
Program self-sufficiency
Program service revenue $0 · Total expenses $232K
0%
Growth & trend
Revenue growth (YoY)
This year $603K · Prior year $814K
-26%
Revenue CAGR
FY2020 $3.7M · FY2025 $603K
-30%
Net-asset trend (YoY)
End of year $12.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $603K · Expenses $232K
+62%
Liabilities-to-Assets
Total liabilities — · Total assets $12.6M
Net-asset ratio
Net assets $12.6M · Total assets $12.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $12.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.6M
98%
People & payroll
Highest Reported Total Compensation
Individual Sarkis Bedevian · Reported title CHAIR, BOARD OF TRUSTEES THRU 1/25 · Highest reported compensation $0 · Total expenses $232K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $232K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Revenue growth -26%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$140K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$603K revenue · viewing · ⤓ 990 PDF
FY2024$814K revenue · ⤓ 990 PDF
FY2023$2.8M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$3.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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