Honarmand Foundation
- Assets
- $23.9k
- Revenue
- $32.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-2645714
Organization Overview
Honarmand Foundation is located in Salt Lake City, UT. The organization was established in 2017. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honarmand 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, Honarmand Foundation generated $32.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $17.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bahman Fathi Director | 12 | $0 | |
Morteza Barjesteh Director | 2 | $0 | |
Khosro Semnani Director | 3 | $0 | |
Andy Madadian Director | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,760 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,200 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,228 |
| Total operating and administrative expenses | $3,428 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $17,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,981 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,900 |
| Other assets | $0 |
| Total assets | $23,881 |
| 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, Honarmand Foundation has awarded $32,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MR IRAJ PEZESHKZAD PURPOSE: HELP HIM TO PAY HIS CANCER MEDICINE | $24,500 |
MR ESFANDIAR MONRAFEDZADEH PURPOSE: HELP HIM TO PAY HIS RENT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artspace Inc Salt Lake City, UT | $34,050,741 | $4,832,458 |
Downtown Denver Events Inc Denver, CO | -$3,259,692 | $2,252,393 |
Nevada Urban Indians Inc Reno, NV | $1,731,908 | $3,144,359 |
Nevada Rural Counties Rsvp Program Inc Carson City, NV | $434,499 | $1,716,339 |
Create Academy Inc Tempe, AZ | $184,127 | $1,377,364 |
Arizona Health Information Network Incorporated Tucson, AZ | $1,547,927 | $1,862,672 |
Wyofile Lander, WY | $990,906 | $1,070,369 |
Morrison Theatre Company Golden, CO | $5,960,038 | $3,214,249 |
Crested Butte Music Festival Inc Crested Butte, CO | $370,840 | $452,517 |
Talking Talons Youth Leadership Cedar Crest, NM | $469,184 | $610,447 |
Xico Inc Phoenix, AZ | $2,244,663 | $853,373 |
Wyoming Heritage Foundation Cheyenne, WY | $2,230,202 | $346,936 |