Tareen Filgas Foundation
- Assets
- $14.8m
- Revenue
- $485.2k
- Investments
- $10.7m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 47-2606838
Organization Overview
Tareen Filgas Foundation is located in Portland, OR. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Tareen Filgas 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 12/2023, Tareen Filgas Foundation generated $485.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $806.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tareen Filgas Foundation has awarded 57 individual grants totaling $1,326,370. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS 342 ACRES OF FOREST LAND ON THE NORTH OREGON COAST (CLATSOP COUNTY) AND MAINTAINS THE PROPERTY FOR ITS EXEMPT PURPOSE OF PROVIDING WILDLIFE & BIRD HABITAT AND PRESERVING NATURAL ECOSYSTEMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shoaib M Tareen President | 5 | $0 | |
Catherine A Filgas Secretary | 5 | $0 | |
Sidra Tareen Director | 0.6 | $0 | |
Mikhiel Tareen Director | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,122 |
| Dividends & Interest | $451,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,525 |
| Capital Gain Net Income | $32,525 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $485,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,552 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,424 |
| Total operating and administrative expenses | $51,276 |
| Contributions, gifts, grants paid | $754,791 |
| Total expenses and disbursements | $806,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,352,932 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $943,876 |
| Investments—other | $315,001 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,755,200 |
| Total assets | $14,814,773 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Tareen Filgas Foundation has awarded $754,791 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIRD CONSERVANCY PURPOSE: MIGRATORY BIRDS PROGRAM BY WORKING WITH PRIVATE & PUBLIC LANDOWNERS | $250,000 |
AUDUBON SOCIETY OF PORTLAND PURPOSE: TWO YEAR GRANT TO MONITOR NESTING OF WESTERN SNOWY PLOVER ON NORTHERN OREGON COAST | $130,630 |
NORTH COAST LAND CONSERVANCY PURPOSE: OREGON COASTAL CONSERVATION | $20,000 |
OREGON STATE PARKS FOUNDATION PURPOSE: GENERAL PROGRAM FUNDING | $1,661 |
THE NATURE CONSERVANCY PURPOSE: GENERAL PROGRAM FUNDING | $200,000 |
TUALATIN RIVERKEEPERS PURPOSE: GENERAL PROGRAM FUNDING | $10,000 |