Armenian General Benevolent Union

“Members of the board are related as follows, trustees do not have voting rights: ani manoukian (director) - daughter and berge setrakian (president) - father 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 principles and guidelines 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/she belongs and to hold office therein.”

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

“The organization has developed a conflict of interest policy and a whistleblower policy for implementation. They were adopted at the organization's board meeting on october 1, 2016.”

“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's form 990, which is public information and is posted annually on the irs website, is also 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.”

“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 on an ongoing basis with its outreach programs. Programs: agbu's educational programs encompass schools in 12 countries spread over 26 cities. These programs include 9 saturday schools, 3 fully accredited day schools in the u.s. For grades pre-k through high school, and 12 day schools abroad, a virtual college, and the american university of armenia. It has an active worldwide scholarship program for college and university undergraduate and graduate students studying in the us and abroad. Cultural programs include support of armenian chamber and philharmonic orchestras, dance ensembles, theater, art, literary and music groups and events throughout the world. Humanitarian programs include senior dining centers, medical facilities, hospitals, medical relief and aid programs, food distribution centers to the needy, and emergency relief for displaced armenians. Youth programs encompass a diverse range of activities. There are around 50 young professional groups worldwide. Agbu supports summer internship programs (new york, london and yerevan) where multi-national youth work in selected professions. The agbu generation next program provides mentoring to disadvantaged youth in southern california. Agbu runs 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 has a broad scope of operations. The agbu central board reviews and monitors the activities of 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 the non-profit organization. Financial: the basic form 990 is not required to report revenues, expenses, assets, and liabilities of the non-us agbu entities. However, some real estate and properties, whose ownership title is held by the us corporation, are reported by the delaware entity. 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.”