Farzaneh Family Foundation
- Assets
- $2.9m
- Revenue
- $1.2m
- Investments
- $2.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 47-4903206
Organization Overview
Farzaneh Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Farzaneh 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 12/2023, Farzaneh Family Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Farzaneh Family Foundation has awarded 85 individual grants totaling $6,145,100. 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 |
|---|---|---|---|
Azam Farzaneh Dir | 1 | $0 | |
Hajeh Farzaneh Dir | 1 | $0 | |
Jalal Farzaneh VP | 1 | $0 | |
M Ali Farzaneh Dir | 1 | $0 | |
M Hossein Farzaneh Dir, Sec | 1 | $0 | |
Mohammad Farzaneh Pres, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,060,000 |
| Interest on Savings | $7,083 |
| Dividends & Interest | $57,410 |
| Net Rental Income | -$22,569 |
| Net Gain on Sale of Assets | $34,448 |
| Capital Gain Net Income | $34,448 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,164,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $907 |
| Depreciation | $11,377 |
| Occupancy | $10,624 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,036 |
| Total operating and administrative expenses | $66,261 |
| Contributions, gifts, grants paid | $1,943,000 |
| Total expenses and disbursements | $2,009,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $235,265 |
| 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 | $88,103 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $418,881 |
| Other assets | $0 |
| Total assets | $2,937,610 |
| 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, Farzaneh Family Foundation has awarded $1,943,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
A FALAHATI PURPOSE: HARDSHIP ASSISTANCE GRANT | $3,000 |
A GHASEMKHANI PURPOSE: HARDSHIP ASSISTANCE GRANT | $2,000 |
DEAN MCGEE EYE INSTITUTE FOUNDATION PURPOSE: FOR THE INSTITUTE TO ACQUIRE SPECIFIC IMAGING EQUIPMENT TO PROVIDE ENHANCED PATIENT CARE, QUALIFY THE INSTITUTE TO PARTICIPATE IN MORE CLINICAL TRIALS AND EXPAND THE INSTITUTE'S PARTICIPATION IN TRANSLATIONAL RESEARCH ENDEAVORS; AND TO HELP ESTABLISH A START-UP FUND TO BE USED TO RECRUIT A CLINICIAN-SCIENTIST TO THE INSTITUTE | $500,000 |
G BAZARGAN PURPOSE: HARDSHIP ASSISTANCE GRANT | $3,000 |
HOMELESS ALLIANCE PURPOSE: GENERAL & UNRESTRICTED (SEE GENERAL EXPLANATION) | $110,000 |
INFANT CRISIS SERVICES PURPOSE: GENERAL & UNRESTRICTED | $10,000 |