Paaia Fund
- Assets
- $319.4k
- Revenue
- $542.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-0551428
Organization Overview
Paaia Fund is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Paaia Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paaia Fund 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 12/2022, Paaia Fund generated $542.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $530.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING ABOUT GREATER UNDERSTANDING OF THE COMMUNITY OF IRANIAN-AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leila Austin Exec. Dir./sec. | Officer | 50 | $117,637 |
Pouria Abbassi Director | Trustee | 1 | $0 |
Asghar Nosrati Director | Trustee | 1 | $0 |
Soroush Shehabi Director | Trustee | 1 | $0 |
Sherry Bahrambeygui Director | Trustee | 2 | $0 |
Pirooz Parvarandeh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $483,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,262 |
| Total Program Service Revenue | $42,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,637 |
| Compensation of current officers, directors, key employees. | $11,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,977 |
| Payroll taxes | $26,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $171 |
| Fees for services: Accounting | $15,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,093 |
| Office expenses | $583 |
| Information technology | $3,828 |
| Royalties | $0 |
| Occupancy | $33,258 |
| Travel | $6,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,651 |
| All other expenses | $15,524 |
| Total functional expenses | $530,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,991 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $319,366 |
| Accounts payable and accrued expenses | $2,431 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,431 |
| Net assets without donor restrictions | $280,805 |
| Net assets with donor restrictions | $36,130 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $319,366 |