Farhang Foundation
- Assets
- $5.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Glendale, CA
- Founding
- 05/2008
- Data as of
- 03/2023
- EIN
- 26-1574533
Organization Overview
Farhang Foundation is located in Glendale, CA. The organization was established in 2008. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 03/2023, Farhang Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farhang 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 03/2023, Farhang Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $1.8m during the year ending 03/2023. While expenses have increased by 14.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Farhang Foundation has awarded 54 individual grants totaling $2,408,763. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CELEBRATE AND PROMOTE IRANIAN ART AND CULTURE FOR THE BENEFIT OF THE COMMUNITY AT LARGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARHANG FOUNDATION JOINED FORCES WITH THE GETTY VILLA MUSEUM IN PRESENTING THE HISTORIC EXHIBIITION PERSIA: ANCIENT IRAN AND THE CLASSICAL WORLD. THIS WAS THE SINGLE LARGEST EXHIBITION OF ITS KIND SHOWCASING ANCIANT IRAN, FEATURING ARTIFACTS FROM MANY MAJOR MUSUMS AND INSTITUIONS FROM AROUND THE GLOBE, INCLUDING THE LOUVRE, THE BRITISH MUSEUM, THE MET, AND MANY MORE. THE EXHIBITION, WHICH RAN FROM APRIL 6 THROUGH AUGUST 8, 2022 ALSO FEATURED A MULTIMEDIA EXPERIENCE, AS WELL AS MANY LECTURES, FAMILY FESTIVALS, AND MUSICAL CONCERTS THROUGHOUT ITS RUN AND WAS VISITED BY OVER 140,000 VISITORS.
PROMOTION AND CELEBRATION OF IRANIAN CULTURAL HERITAGE BY SUPPORTING AND ADVOCATING FOR PROGRAMS AND LECTURE SERIES BY SPONSORING ART AND CULTURAL EVENTS TO PROMOTE IRANIAN TRADITION AND CELEBRATION OF THE NEW YEAR, "NOWRUZ", AND BY SPONSORING MUSICAL AND THEATRICAL PERFORMANCES, PLAYS, FILMS AND POETRY READING IN COLLABORATION WITH THE UNIVERSITY OF SOUTHERN CALIFORNIA, THE LOS ANGELES MUSEUM OF ART, UNIVERSITY OF CALIFORNIA, LOS ANGELES, AND UNIVERSITY OF CALIFORNIA, IRVINE.
FARHANG FOUNDATION AND THE PACIFIC SYMPHONY WERE PROUD TO ONCE AGAIN JOIN FORCES IN PRESENTING THE ANNUAL NOWRUZ (IRANIAN NEW YEAR) CONCERT AT COSTA MESA'S SEGERSTROM CONCERT HALL IN ORANGE COUNTY ON MARCH 26, 2023. THE CONCERT, TITLED UNITY FOR FREEDOM FEATURED THE PACIFIC SYMPHONY ORCHESTRA AND SPECIAL GUESTS KAYHAN KALHOR, AZAM ALI, SUSSAN DEYHIM, AND TARA GHASEMIEH. THE EVENT WAS ATTENDED BY A MAXIMUM CAPACITY AUDIENCE.
FARHANG FOUNDATION WAS PROUD TO PRESENT THE INAUGURAL CONCERT BY THE NEW IRANSHAHR ORCHESTRA AT ZIPPER HALL, THE COLUBURN SCHOOL OF MUSIC ON FEBRUARY 11, 2023. THIS INCREDIBLE CONCERT FEATURED THE IRANSHAHR ORCHESTRA UNDER THE DIRECTION OF DR. SHAHAB PARANJ AND FEATURED SPECIAL GUEST ARTISTS INCLUDING VIRTUOSO SOHRAB POURNAZERI AND SOPRANO HILA PITTMANN. THIS EVENT WAS ATTENDED BY A MAXIMUM CAPACITY AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alireza Ardekani Executive Director | OfficerTrustee | 40 | $244,250 |
Haleh Emrani Trustee/chair | Trustee | 10 | $0 |
Mark Moshayedi Trustee/cfo | Trustee | 3 | $0 |
Andrew Tavakoli Trustee | Trustee | 2 | $0 |
Hirad Dagostar Trustee | Trustee | 2 | $0 |
Mehraban Khajehnouri Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Production Elements Inc Event Production - Freedom Sculpture | 3/30/18 | $1,216,086 |
Arya Group Inc Construction - Freedom Sculpture | 3/30/18 | $272,790 |
Balmond Studio Design Services - Freedom Sculpture | 3/30/18 | $212,500 |
Juno Works Metal Fabrication - Freedom Sculpture | 3/30/18 | $122,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $489,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,774,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,264,290 |
| Total Program Service Revenue | $0 |
| Investment income | $26,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,290,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $607,400 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,311 |
| Compensation of current officers, directors, key employees. | $71,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $112,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,929 |
| Advertising and promotion | $220,794 |
| Office expenses | $32,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,723 |
| All other expenses | $26,450 |
| Total functional expenses | $1,814,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,630,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,171,468 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $123,981 |
| Net Land, buildings, and equipment | $590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,520 |
| Total assets | $5,928,660 |
| Accounts payable and accrued expenses | $106,760 |
| Grants payable | $152,500 |
| Deferred revenue | $75,182 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $50,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $384,442 |
| Net assets without donor restrictions | $849,449 |
| Net assets with donor restrictions | $4,694,769 |
| 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 | $5,928,660 |
Grants Awarded
Over the last fiscal year, Farhang Foundation has awarded $601,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FILM INSTITUTE PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $10,000 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $6,500 |
THE MADISON PROJECT (DBA BROADSTAGE) PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $10,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $120,000 |
THE UCLA FOUNDATION PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $300,000 |
THE GETTY PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $100,000 |