Farhang Foundation
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Glendale, CA
- Founding
- 05/2008
- Data as of
- 03/2022
- 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 03/2022, 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 03/2022, Farhang Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.2m during the year ending 03/2022. While expenses have increased by 9.8% per year over the past 7 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 48 individual grants totaling $2,610,454. 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
2022
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
ON NOVEMBER 6, 2021, FARHANG FOUNDATION HOSTED ITS 11TH ANNUAL FUNDRAISING GALA AT THE HISTORIC BEVERLY WILSHIRE HOTEL IN BEVERLY HILLS, THE EVENT WAS ATTENDED BY OVER 500 GUESTS AND SPONSORS.THIS YEAR'S GALA EVENT FEATURED MUSICAL PERFORMANCES BY THE TALENTED KAMYAR AND THE NIGHT'S MASTER OF CEREMONIES WAS THE FABULOUS ACTRESS TARA GRAMMY. ALL FUNDS RAISED AT THIS ANNUAL EVENT SUPPORT FARHANG FOUNDATION 100+ ANNUAL PROGRAMS, PROJECTS, AND INITIATIVES, INCLUDING THE HISTORIC NEW IRANIAN MUSIC DEGREE PROGRAM AT UCLA'S HERB ALPERT SCHOOL OF MUSIC AND THE PARTNERSHIP WITH THE GETTY VILLA FOR THE PERSIA: ANCIENT IRAN AND THE CLASSICAL WORLD EXHIBITION.
ON MARCH 20, 2022, FARHANG FOUNDATION RETURNED TO ITS IN-PERSON 13TH ANNUAL CELEBRATION OF NOWRUZ AT UCLA'S DICKSON COURT. THE EVENT WAS ATTENDED BY OVER 30,000 VISITORS AND FEATURED DAY-LONG ACTIVITIES AND PROGRAMS INCLUDING LIVE PERFORMANCES BY AVA CHOIR, LA DAF ENSEMBLE, MELIEKA DANCE COMPANY, UCLA IRANIAN MUSIC STUDENT ENSEMBLE, NEGAR ESTAKHR AND NARGOL RASHIDIAN'S PUPPET SHOW, AND THE FIRUZE DANCE COMPANY LED BY ROBYN FRIEND. THE EVENT ALSO FEATURED AN ELABORATE GRAND HAFT SN DISPLAY, GETTY VILLA PERSIA EXHIBITION MURAL ART PROJECT AND PHOTO BOOTHS, CHILDREN'S PROGRAMMING, ARTS AND CRAFTS, AN IRANIAN TEA HOUSE, MUSIC BY DJ ARIN, AND CALLIGRAPHY BY MOHTADI MIRAK.
FARHANG FOUNDATION AND THE PACIFIC SYMPHONY WERE PROUD TO ONCE AGAIN COLLABORATE IN PRESENTING THE SYMPHONY'S ANNUAL NOWRUZ CONCERT, BACK FOR THE FIRST TIME AFTER A TWO-YEAR PANDEMIC IMPOSED HIATUS. WE WERE HONORED TO WELCOME SPECIAL IRANIAN GUEST PERFORMERS LILY AFSHAR, SHARDAD ROHANI, MOJGAN SHAJARIAN AND SINA SARLAK TO THIS YEAR'S UNFORGETTABLE CELEBRATIONS. SPECIAL THANKS TO THE ENTIRE TEAM AT THE PACIFIC SYMPHONY INCLUDING MUSICAL DIRECTOR CARL ST. CLAIR AND PRESIDENT AND CEO JOHN FORSYTE FOR THEIR COMMITMENT TO CELEBRATING OUR BELOVED NOWRUZ. THANK YOU TO OUR COLLABORATORS A SEED AND STONE FOR THE BEAUTIFUL HAFT SN DISPLAY AND TO THE MELIEKA FATHI DANCE COMPANY FOR THE MASTERFUL DANCES AS PART OF OUR EXCLUSIVE NOWRUZ PRE-SHOW.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alireza Ardekani Executive Director | Officer | 40 | $219,199 |
Ali Razi Trustee/vice Chair | OfficerTrustee | 2 | $0 |
Mark Amin Trustee/vice Chair | OfficerTrustee | 2 | $0 |
Sara Alvarez Secretary | Officer | 4 | $0 |
Aria Mehrabi Trustee | Trustee | 2 | $0 |
Hormoz Ameri Trustee/vice Chair | Trustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Production Elements Inc Event Production - Freedom Sculpture | 3/30/18 | $1,216,086 |
Balmond Studio Design Services - Freedom Sculpture | 3/30/18 | $212,500 |
Arya Group Inc Construction - Freedom Sculpture | 3/30/18 | $272,790 |
Juno Works Metal Fabrication - Freedom Sculpture | 3/30/18 | $122,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $409,647 |
| Fundraising events | $1,312,115 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,917,611 |
| Total Program Service Revenue | $0 |
| Investment income | $1,649 |
| 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 | $1,919,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,500 |
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,500 |
| Compensation of current officers, directors, key employees. | $34,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $104,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,774 |
| Advertising and promotion | $174,539 |
| Office expenses | $33,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,463 |
| 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 | $26,765 |
| All other expenses | $21,289 |
| Total functional expenses | $1,185,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,994,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $135,976 |
| 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 | $179,360 |
| Net Land, buildings, and equipment | $1,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,310,744 |
| Accounts payable and accrued expenses | $175,039 |
| Grants payable | $0 |
| Deferred revenue | $31,500 |
| 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 | $256,539 |
| Net assets without donor restrictions | $1,989,427 |
| Net assets with donor restrictions | $64,778 |
| 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 | $2,310,744 |
Grants Awarded
Over the last fiscal year, Farhang Foundation has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $11,000 |
Santa Monica, CA PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Farhang Foundation has recieved totaling $684,420.
| Awarding Organization | Amount |
|---|---|
Razi Family Foundation Irvine, CA PURPOSE: TO PROMOTE THE ART AND CULTURE OF IRANIAN AMERICANS. | $242,700 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $185,500 |
Hand Foundation Wilmington, DE PURPOSE: 2021 GALA | $100,000 |
Gramian - Emrani Foundation Santa Monica, CA PURPOSE: TO PROMOTE IRANIAN ART, HISTORY AND CULTURE. | $97,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $42,220 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $16,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Latino Network Portland, OR | $14,141,237 | $24,219,823 |
International Institute Of Los Angeles Los Angeles, CA | $9,181,850 | $14,413,283 |
United American Indian Involvement Los Angeles, CA | $19,669,304 | $14,688,054 |
Koreatown Youth And Community Center Inc Los Angeles, CA | $5,959,356 | $13,191,369 |
The Fresno Center Fresno, CA | $5,685,334 | $12,082,399 |
Latino Center For Prevention & Action In Health & Welfare Santa Ana, CA | $6,603,881 | $11,325,815 |
Alu Like Inc Honolulu, HI | $2,290,492 | $9,028,851 |
Sacramento Chinese Community Service Center Inc Sacramento, CA | $4,354,396 | $9,145,000 |
Central American Resource Center - Carecen - Of California Los Angeles, CA | $10,035,647 | $7,843,220 |
Central American Resource Center Carecen Of Northern California San Francisco, CA | $2,586,265 | $9,324,571 |
Alianza Nacional De Campesinas Inc Oxnard, CA | $1,552,318 | $8,642,187 |
The Seventh Generation Fund For Indigenous Peoples Inc Arcata, CA | $11,269,311 | $11,321,749 |