Financials
The financial statements of the Fund for Armenian Relief, Inc. for the year ending December 31, 2021, have been audited by the accounting firm of WithumSmith+Brown. The independent auditors issued an “unmodified 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.
2021 Asset Base
Cash and cash equivalents
$5,050,892
Investments
$3,815,438
Contributions and pledges receivable
$1,807,180
Prepaid expenses
$26,849
Inventory of supplies and donated goods
$580,205
Property and equipment, net
Beneficial Interest in funds held by others
$1,614,866
$2,366,899
Pooled investments held by ACEF