ARMENIAN MISSIONARY ASSOCIATION OF AMERICA 2014 - 2015 ²Ù»ñÇϳÛÇ Ð³Û ²õ»ï³ñ³Ýã³Ï³Ý ÀÝÏ»ñ³ÏóáõÃÇõÝ ANNUAL REPORT 100 YEARS THE MIRACLE OF SURVIVAL 1 TABLE OF CONTENTS PAGE FOREWORD AMAA Board of Directors ........................................................... 3 I thank God for giving me the calling to PRESIDENT’S MESSAGE ........................................................... 4 serve Him through the Armenian Missionary Association of America (AMAA) and the privilege EXECUTIVE DIRECTOR/CEO’S REPORT ............................ 5 to present to you, our supporters, friends and prayer partners, the Annual Report of the TREASURER’S REPORT ............................................................. 10 Armenian Missionary Association of America for DIRECTOR OF FINANCE’S REPORT ................................... 11 the fscal year 2014-2015. AMAA AT A GLANCE ................................................................... 12 Pursuant to our policy of full disclosure and accountability, we have provided the Statements of FUNDING PRIORITIES ................................................................ 13 Financial Position of the AMAA as of July 31, 2015, AMAA AROUND THE WORLD ............................................14-15 and statements of income and expenditures for the past fscal year, as prepared by our Auditors, AMAA MINISTRIES SaxBST, Independent Certifed Public Accountants. Churches & Missions ..................................................................... 16 Evangelism .................................................................................... 16 These reports and fnancial statements Education ....................................................................................... 17 were reviewed and acted upon at the 96th Annual Relief Aid ....................................................................................... 17 Meeting of the Association held on October 17, FINANCIAL 2015 at Calvary Armenian Congregational Church, Report of Management .................................................................. 18 725 Brotherhood Way, San Francisco, CA 94132. Auditor’s Report ............................................................................. 19 Audited Financial Statements ...................................................20-31 Based on the approval of the reports, we 2015-2016 Budget ......................................................................... 32 have prepared this Annual Report which is available to all AMAA members, friends and supporting ENDOWMENT FUNDS & OTHER FINANCIAL INFO Summary of Investments in Endowment and Trust Funds ............ 33 agencies worldwide and accessible on the AMAA AMAA General Endowment Funds ...........................................34-42 website at www.amaa.org. Armenia Relief Endowment Funds ................................................ 43 AMAA Headquarters Endowment Funds ....................................... 43 We are grateful to God for blessing our Haigazian University Endowment Funds ..................................44-45 wonderful organization for another year. We uphold Armenian Evang’l Schools of CA, Inc. Endowment Funds ............ 45 all those who in the past, through their passion, Ministers’ & Ministers’ Widows’ Pension Endowment Funds ......... 46 dedication, sacrifce and hard work, built the SUPPORTING CHURCHES & ORGANIZATIONS ............. 47 foundation of AMAA. We also would like to thank all those who supported our organization with their HISTORICAL FINANCIAL DATA .............................................. 48 prayers, participation and fnancial support during this past year. OTHER HISTORICAL DATA ...................................................... 49 We invite you to make every effort to support HOW TO GIVE ................................................................................. 50 your organization with greater enthusiasm, and HOW TO PRAY ................................................................................ 51 invite others to join us in our worldwide outreach to preach the Gospel and provide a glass of cold water in His name. December 2015 Zaven Khanjian Cover Photo: A student at Bilezikian Kindergarten Executive Director/CEO Shushi - Karabagh Copyright © 2015 Armenian Missionary Association of America, Inc. - All rights reserved Design: www.caspianseal.com 2 AMAA Board of Directors 2014-15 OFFICERS President: Nazareth Darakjian, M.D. Vice President: Michael Voskian, D.M.D. Treasurer: Nurhan Helvacian, Ph.D. Co-Recording Secretaries: Thomas Momjian, Esq. and Arsine Bedrossian Phillips, Esq. EXECUTIVE DIRECTOR/CEO Zaven Khanjian WEST COAST EXECUTIVE DIRECTOR Levon Filian FIELD DIRECTOR/PASTOR TO PASTORS IN ARMENIA Rev. Mgrdich Melkonian DIRECTOR OF FINANCE David Aynejian BOARD OF DIRECTORS Class of 2015 Class of 2016 Class of 2017 H. Steven Aharonian, M.D. Hon. Alice Altoon Bryan Bedrosian Raf Balabanian, D.D.S. Edward Avedisian Anita Philibosian Buchakjian Rev. Berj Gulleyan Rev. Ara Guekguezian Nazareth Darakjian, M.D. Nurhan Helvacian, Ph.D. Berjouhy Barsoumian Gulesserian Louis Kurkjian John Kassabian, M.D. Peter Kougasian, Esq. Vahe Nalbandian, Ph.D. Seta Loshkajian Nalbandian Thomas Momjian, Esq. Arsine Bedrossian Phillips, Esq. Jeanmarie Papelian, Esq. Hovhanness Shnorhokian, D.M.D. Ann Karagozian Sarafan, Ph.D. Carlos Taraktzian Joseph Stein Hratch Sarkis Michael Voskian, D.M.D. Joseph Zeronian, Ed.D. Eileen Chopourian Stephey, Ed.D. EX-OFFICIO Mihran Jizmejian (AMA-Canada-President/CEO) Rev. Hendrik Shanazarian (Acting Minister to AEUNA) Joyce Philibosian Stein (Stephen Philibosian Foundation) Rev. Dr. Vahan Tootikian (AEWC-Executive Director) Rev. Dr. Krikor Youmshajekian (AMA-Australia-President/Executive) PAST PRESIDENTS H. Steven Aharonian, M.D. George Bezirganian, M.D. Samuel Hekemian Albert Momjian, Esq. Andrew Torigian Joseph Zeronian, Ed.D. HONORARY VICE PRESIDENTS Rev. Megrditch Karagoezian (President, UAEC-Near East) Rev. Jacques Tchoghandjian (President, AEU-France) Rev. Ron Tovmassian, D.Min. (Moderator, AEU-North America) Rev. Garnik Tutikyan (President, UEC-Armenia) 3 President’s Message he AMAA continues the mission that has been entrusted to it by you, the membership of the organization, as well as the entire family of Armenian Evangelical communities worldwide. TThe year 2015 has been full of activities as Armenians all over the world commemorate the Centennial of the Genocide. The AMAA in turn has organized and also participated in many such activities in different places. More than that, we have reaffrmed our resolve and determination to continue the work of our predecessors who founded the AMAA to provide relief, whether that may be humanitarian, educational or spiritual, to Armenians all over the world. For the last 25 years Armenia has occupied the center position of the AMAA mission programs refecting the immense need there as well as the size of the feld. I had the opportunity to visit Armenia for the Centennial commemorations in April and was able to visit quite a few of our mission centers and especially those with ongoing construction or renovation. I visited the newly completed and beautiful Khoren and Shooshanig Avedisian School building, full of bright eyed students flling classes from KG to 9th grade with plans to add one class per year until the 12th grade of High School. I visited Gyumri where we just broke ground for our long awaited 2 million dollar project to build a sanctuary and a community center. I visited Dilijan where work is in progress to build a sanctuary expected to be completed by the end of this year. I visited the House of Hope church building that was acquired just last year. I visited the Sheen Shoghig Hankavan Camp where we just completed renovating the auditorium and conference center and are continuing renovations of the dorm buildings. Hankavan is a truly beautiful spot where thousands of children hear about Christ and the Word of God every year. There is no question that the bulk of our work in Armenia has to do with children and youth. Our Child and Orphan Care Committee does fabulous work every year raising the necessary funds to help the needy children of Armenia. The after school childcare project, the summer camps, the employment program, the many kindergartens that we support, all aim at preparing the new generation in Armenia for a better future. All of these projects require the support and prayers of our members and supporters. While in Yerevan I also participated in the meeting of the Armenian Evangelical World Council; this body brings together all the Armenian Evangelical Unions of the world all of whom are our mission partners. I also had several meetings with Rev. Mgrdich Melkonian our Pastor to Pastors in Armenia who is continuing his efforts to organize the Union of the Evangelical Churches of Armenia, and provide opportunities for growth and continuing education for our pastors. Next to Armenia, our biggest challenge remains the very tragic situation of war torn Syria, our people, our leadership, our churches and schools. Over one million dollars has been raised so far and transferred to Syria and also to Syrian refugees outside of Syria and the work continues with no end in sight. Our special thanks to all those who have been supporting this effort with their donations, and we continue to pray that God may restore peace to that part of the world. Lebanon has been and still is the center of the Armenian Diaspora. Many of us living in the West today were brought up and received their education