Armenian General Benevolent Union

“Members of the board are related as follows, trustees do not have voting rights: vasken yacoubian (director) - nephew and karnig yacoubian (trustee)- uncle yervant demirjian (director) - son and sarkis demirdjian (trustee) - father richard manoogian (trustee) and louise simone (trustee) - siblings levon nazarian (director) - son and nazar nazarian (trustee) - father”

“Any person of armenian extraction in any part of the world who subscribes to the purposes of the organization, agrees to abide by the certificate of incorporation and by-laws is eligible to become a member.”

“A member who pays membership dues and has been a member for a period of at least one year is entitled to vote at any meeting of the chapter to which he belongs and to hold office therein.”

“The executive committee of the organization reviewed a draft of the 990 prior to filing.”

“The organization is currently developing a conflict of interest policy and whistleblower policy for implementation.”

“Members of the organization's executive committee are not compensated. Compensation for top management officials is determined by the executive committee. Meetings to discuss the determination of compensation are documented.”

“The organization makes its 990 available for public inspection on the guidestar and charity navigator websites.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“Additions to subsidiary real estate prior year 233,257. Additions to subsidiary real estate current year 552,774.”

“Background: the armenian general benevolent union (agbu) was founded in 1906. It is the oldest and largest armenian non-profit organization in the world. Headquartered in new york city, it maintains operations in 26 countries, spanning 6 continents. It concentrates its activities in educational, cultural, humanitarian and youth programs and serves 400,000 armenians worldwide annually with its outreach programs. Programs: agbu educational programs encompass schools in 12 countries spread over 26 cities. These programs include 11 saturday language schools, fully accredited day schools in the u.s. For grades pre-k through high school and schools abroad, a virtual college, and the american university of armenia. It has active worldwide scholarship programs for college and graduate students studying in the us and abroad. Cultural programs include support of armenian chamber and philharmeniac orchestras, dance ensembles, theater, art, literary and music groups and events throughout the world. Humanitarian programs include dining centers, medical facilities, children centers and support of religious programs and education. Youth programs encompass a diverse range of activities. There are 39 young professional groups worldwide. Agbu supports summer internship programs (new york, paris, and yerevan) where multi-national youth work in selected professions. The agbu generation next program provides mentoring to youth in southern california. There are summer camps in the u.s., europe and armenia, a chess program in armenia, sports teams, athletic competitions, and scouting programs around the world. Oversight by agbu central board: agbu encompasses a broad scope of operations. The agbu central board reviews and monitors its districts, chapters and schools to ensure their programs and operations remain relevant and properly service the needs of the local community while adhering to the well-established ideals and principals of conduct of agbu. Financial: the basic form 990 is not required to report revenues, expenses and assets of the non-us agbu entities. Many of the non-us agbu districts, chapters and schools generate revenue to sustain their local operations by local fundraising, donations, grants, tuitions, fees and other income.”