Alavi Foundation
- Assets
- $59.3m
- Revenue
- $1.9m
- Investments
- $33.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1974
- Data as of
- 03/2024
- EIN
- 23-7345978
Organization Overview
Alavi Foundation is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alavi Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Alavi Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.7%) each year. All expenses for the organization totaled $3.3m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (31.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMATION EDUCATION CENTERS - AS PART OF ITS EDUCATIONAL PURPOSES, THE FOUNDATION FINANCIALLY SUPPORTS VARIOUS NOT-FOR-PROFIT ORGANIZATIONS THROUGHOUT THE UNITED STATES FOR OPERATING WEEKEND SCHOOLS FOR TEACHING ISLAMIC RELIGION AND MIDDLE EASTERN LANGUAGES AND CULTURES. THE SCHOOLS' PROGRAM ARE UTILIZED BY ALL INTERESTED PARTIES.
OPERATION OF FARSI SCHOOLS IN VARIOUS UNIVERSITIES AND SCHOOLS - AS PART OF ITS EDUCATIONAL PURPOSES, THE FOUNDATION FINANCIALLY SUPPORTS VARIOUS NOT-FOR-PROFITS ORGANIZATIONS THROUGHOUT THE UNITED STATES FOR OPERATING CENTERS FOR TEACHING ISLAMIC RELIGION AND MIDDLE EASTERN LANGUAGES AND CULTURES. THE CENTERS ARE UTILIZED BY ALL INTERESTED PARTIES.
PUBLICATION AND BOOK DISTRIBUTION - THE FOUNDATION PURCHASES AND PUBLISHES EDUCATIONAL LITERATURE AND DISTRIBUTES THEM TO THE INDIVIDUALS AND ORGANIZATIONS IN THE UNITED STATES AND ABROAD: UNIVERSITIES, ISLAMIC AND MIDDLE EAST INSTITUTES AND SCHOOLS. PUBLIC LIBRARIES. DISTINGUISHED ISLAMIC AND MIDDLE EAST ACADEMIES. ISLAMIC CENTERS AND MOSQUES. MUSLIM PRISONERS OR NON-MUSLIM INMATES THAT REQUEST THE PUBLICATIONS. INDIVIDUAL MUSLIMS AS WELL AS NON-MUSLIMS.
INTEREST FREE LOANS TO EDUCATION CENTERS - THE FOUNDATION PROVIDES INTEREST FREE LOANS TO PUBLIC NOT-FOR-PROFIT ORGANIZATIONS IN THE UNITED STATES FOR THE PURCHASE OR CONSTRUCTION OF THE FOLLOWING FACILITIES TO BE USED BY THE COMMUNITY AND ALL OTHERINTERESTED INDIVIDUALS: RELIGIOUS AND CULTURAL CENTERS; MOSQUES; SCHOOLS; AND GRAVE SITES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammad Hossain Gharavi Director | 1 | $0 | |
Mohammad Shenasa Director | 1 | $0 | |
Nasrine Noureddine Director | 1 | $0 | |
Reza Ghandi Treasurer, Director | 1 | $0 | |
Hamid Yazdi See Note President | 60 | $271,895 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roof Services Of Ny | 3/30/24 | $147,327 |
Transition Management Corp | 3/30/24 | $179,251 |
Agha & Agha Llp | 3/30/24 | $447,387 |
Crx Inc | 3/30/24 | $204,089 |
Patterson Belknap Webb & Tyler Llp | 3/30/24 | $743,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,241 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,869,953 |
| Total Revenue | $1,899,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $271,895 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $71,626 |
| Depreciation | $479,156 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $18,000 |
| Other expenses | $1,107,765 |
| Total operating and administrative expenses | $3,251,061 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $3,316,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,662 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $144,635 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,090,903 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,829,435 |
| Total assets | $59,255,798 |
| Accounts payable and accrued expenses | $105,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $105,600 |
Grants Awarded
Over the last fiscal year, Alavi Foundation has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
QOBA FOUNDATION PURPOSE: CHARITABLE | $5,000 |
KAUTHER FOUNDATION PURPOSE: CHARITABLE | $60,000 |