Semnani Family Foundation
- Assets
- $0.0
- Revenue
- $12.6m
- Investments
- $105.4m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 74-2639794
Organization Overview
Semnani Family Foundation is located in Salt Lake City, UT. The organization was established in 1994. 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. Semnani 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 12/2021, Semnani Family Foundation generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Semnani Family Foundation has awarded 212 individual grants totaling $18,536,409. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
ASSISTANCE WITH ECONOMIC IMPROVEMENT AND DEVELOPMENT OF DISADVANTAGED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khosrow Semnani Director | 1 | $0 | |
Shirin Kia Director | 0.5 | $0 | |
Ghazaleh Semnani Director | 1 | $0 | |
Taymour Semnani Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Love Communications | 12/30/22 | $744,019 |
Mansoor Emam | 12/30/22 | $250,000 |
Merrill Lynch | 12/30/22 | $179,129 |
Dls Consulting | 12/30/22 | $52,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,003,274 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,928,205 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,651 |
| Total Revenue | $12,620,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,884 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $936,554 |
| Contributions, gifts, grants paid | $3,499,689 |
| Total expenses and disbursements | $4,436,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $920,335 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Semnani Family Foundation has awarded $5,822,269 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $2,500 |
AMERICAN RED CROSS UT & NV REGION PURPOSE: GENERAL CONTRIBUTION | $10,000 |
AL-RASOOL ISLAMIC CENTER PURPOSE: GENERAL CONTRIBUTION | $10,000 |
BEAR LAKE VALLEY HEALTH CARE FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $5,000 |
CATHEDRAL OF THE MADELEINE PURPOSE: GENERAL CONTRIBUTION | $23,000 |
CATHOLIC RELIEF SERVICES PURPOSE: GENERAL CONTRIBUTION | $250,000 |