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Zoryan Institute Publishes Financial Statements for 2002 & 2003

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  • Zoryan Institute Publishes Financial Statements for 2002 & 2003

    ZORYAN INSTITUTE OF CANADA, INC.
    255 Duncan Mill Rd., Suite 310
    Toronto, ON, Canada M3B 3H9
    Tel: 416-250-9807 Fax: 416-512-1736
    E-mail: [email protected]
    www.zoryaninstitute.org


    PRESS RELEASE
    CONTACT: George Shirinian
    DATE: September 15, 2004
    Tel: 416-250-9807


    Zoryan Institute Publishes Financial Statements for 2002 & 2003


    Toronto, Canada - The Corporate Board of Directors of the Zoryan
    Institute of Canada, Inc., having approved its financial statements
    for 2002 and 2003 at its June meeting in Toronto, has now made them
    public. The statements, whose details are appended below, show that
    Zoryan had combined revenues for the two years of $817,792 and
    disbursements in the amount of $645,844. Net assets at the end of
    2003, including capital and equipment, totalled $238,751.

    "Now that it is the beginning of the new academic year, we are taking
    the opportunity to release our financial report," announced Barry
    Papazian, legal advisor to the institute. "Even though the Zoryan
    Institute is a privately funded organization, it must operate
    transparently by making its financial statements public. We are
    conscious of our responsibility to our constituency, as we consider
    Zoryan's work and mission to be a public trust."

    "The figures in the latest financial statement are generally in line
    with the previous year," noted Mig Migirdicyan, Treasurer of the
    institute. "Some line items are higher, some are lower. However,
    between 2002 and 2003, we were able to increase our investment in
    research by 56%, and I am pleased to see that revenues from book sales
    have increased by 33%," he observed. He went on to explain that Zoryan
    is a not-for-profit, registered charity in both the United States and
    Canada. "This means that we count the return on our investment not in
    terms of dollars, but in terms of the original research, educational
    programs, and publications in which we invest," he continued.

    K.M. (Greg) Sarkissian, President of the institute, remarked, "It is
    very important to us to encourage as wide a base of support as
    possible. An important part of Zoryan's mission is to develop a forum
    within which the community at large can participate in conceptualizing
    the critical issues and current and future challenges facing our
    nation. Therefore, broad-based, grass roots support has been, and
    continues to be the most crucial element for our independence as an
    academic institute for the past twenty-two years."

    George Shirinian, Director of the institute, detailed some of the
    programs funded by the institute during the fiscal year 2003. He
    urged everyone to visit Zoryan's web site, www.zoryaninstitute.org,
    especially the 'What's New ' section, to see the kinds of work going
    on. This includes the following:

    Seminars and Public Lectures in 2003 January 25 - "Ararat Panel
    Discussion," a panel discussion with Taner Akçam, Anny Bakalian, David
    R. Baker, George Bournoutian, Louis Najarian, Lisa Siraganian, at the
    City University of New York Graduate Center.

    August 8 - "Looking Backward, Moving Forward," with Richard
    Hovannisian, at the Armenian Community Centre in Toronto.

    August 10 - "The Future of Turkish-Armenian Relations," a panel
    discussion with Rouben Adalian, Taner Akçam, Razmik Panossian and
    Roger Smith," at the Alex Manoogian AGBU Community Centre in Toronto.

    November 30-December 6 - "The Banality of Denial," with Yair Auron, at
    the University of Toronto, Rutgers University, the City University of
    New York Graduate Center, the Armenian Cultural Foundation, Tufts
    University, the University of Montreal, McGill University, and the
    AGBU in Montreal.

    Research and Publication in 2003 Zoryan provided research and
    editorial assistance for, as well as sponsored the publication of The
    Banality of Denial: Israel and the Armenian Genocide by Yair Auron,
    and produced official offprints of two publications by Prof. Vahakn
    Dadrian. In addition, it produced three more issues of Diaspora: A
    Journal of Transnational Studies and participated in the editing for
    publication of From Empire to Republic: Turkish Nationalism and the
    Armenian Genocide, by Taner Akçam.

    Educational Program in 2003 It ran the Genocide and Human Rights
    University Program, which provided an advanced seminar on this subject
    to students coming to Toronto from around the world. In December, it
    arranged a partnership with the University of Minnesota to run the
    program both in Toronto and Minneapolis, and to provide forty students
    at both campuses four graduate semester credits.

    "I think we have had a terrific, highly productive year at Zoryan,"
    concluded Roger Smith, Chairman of the Academic Board, "and I am
    looking forward to the coming academic year with great anticipation."

    The Zoryan Institute is an international center devoted to the
    research and documentation of contemporary issues related to the
    history, politics, society, and culture of Armenia and Armenians
    around the world.

    Statement of Operations and Changes in Net Assets for the Year Ended
    December 31, 2003
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