Hirani Family Foundation
- Assets
- $7.5m
- Revenue
- $482.2k
- Investments
- $3.7m
- Employees
- 0
- Location
- Folsom, CA
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 45-2978045
Organization Overview
Hirani Family Foundation is located in Folsom, CA. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hirani Family 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 12/2022, Hirani Family Foundation generated $482.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $261.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (37.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hirani Family Foundation has awarded 69 individual grants totaling $1,691,934. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosmin Suleman President | 20 | $0 | |
Moyez Hirani Vice President | 1 | $0 | |
Karim Suleman Secretary | 1 | $0 | |
Hemish Kapadia Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $202,724 |
| Dividends & Interest | $51,455 |
| Net Rental Income | $247,835 |
| Net Gain on Sale of Assets | -$24,831 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $482,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $806 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $880 |
| Total operating and administrative expenses | $26,363 |
| Contributions, gifts, grants paid | $235,000 |
| Total expenses and disbursements | $261,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,156,381 |
| Savings and temporary cash investments | $224,116 |
| Net Accounts receivable | $53,020 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,884,211 |
| Investments—other | $97,262 |
| Net Land, buildings, and equipment | $2,400,599 |
| Other assets | $0 |
| Total assets | $7,547,841 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $488,447 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $488,447 |
Grants Awarded
Over the last fiscal year, Hirani Family Foundation has awarded $180,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT DE PAUL SOCIETY OF PLACE PURPOSE: CHARITABLE | $5,000 |
CHRISTOPHER COFFLAND MEMORIAL FUND PURPOSE: CHARITABLE | $5,000 |
HANDS FOR AN AFRICAN CHILD PURPOSE: CHARITABLE | $150,000 |
UNIVERSITY OF FOUNDATION AT SACRAME PURPOSE: CHARITABLE | $20,000 |