Financials
2020 Asset Base
The financial statements of the Fund for Armenian Relief, Inc. for the year ending December 31, 2020, have been audited by the accounting firm of WithumSmith+Brown. The independent auditors issued an “unqualified opinion” that FAR statements conform to accounting principles generally accepted in the United States of America and that “the financial statement...present fairly, in all material respects, the financial position of the Fund for Armenian Relief, Inc.” as of the given date. The audit report is available upon request.
Cash and cash equivalents
$4,316,372
Investments
$4,170,509
Contributions and pledges receivable
$3,298,848
Prepaid expenses
$2,660
Inventory of supplies and donated goods
$850,762
Property and equipment, net
$1,555,417
Beneficial Interest in funds held by others
$2,130,602
Pooled investments held by ACEF
$4,176,579
Total assets
$20,501,749