Moayed Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $516.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 12/2018
- Data as of
- 12/2023
- EIN
- 83-1724909
Organization Overview
Moayed Family Foundation Inc is located in Los Gatos, CA. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Moayed Family Foundation Inc 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, Moayed Family Foundation Inc generated $516.0 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 (74.1%) each year. All expenses for the organization totaled $38.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHORT TERM HOUSING ASSISTANCE AND MEALS PROVIDED TO NEW ARRIVAL IMMIGRANTS UNTIL THEY CAN SUPPORT THEMSELVES.
FINANCIAL ASSISTANCE FOR ENGLISH PROFICIENCY CLASSES, AS WELL AS LEGAL ASSISTANCE, PROVIDED TO GUIDE IMMIGRANTS TO THEIR PATH OF BECOMING UNITED STATES CITIZENS.
THE FOUNDATION PROMOTES DIVERSITY TOLERANCE TO THE COMMUNITY AND ALSO ASSISTS SCHOOL AGE INDIVIDUALS WITH MONETARY SUPPORT AND ENROLLMENT FORMS.
MENTAL HEALTH ASSISTANCE PROVIDED FOR REFUGEES WHO WERE MENTALLY ABUSED PRIOR TO ARRIVING THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Moayed President | 15 | $0 | |
Hameed Ahmadi Vice President | 20 | $0 | |
Farzaneh Tabrizi Secretary | 20 | $0 | |
Seied Langrudi Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $469 |
| Interest on Savings | $47 |
| 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 | $516 |
| 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 | $15,446 |
| Occupancy | $15,948 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82 |
| Total operating and administrative expenses | $32,276 |
| Contributions, gifts, grants paid | $6,100 |
| Total expenses and disbursements | $38,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,831 |
| 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 | $1,437,407 |
| Other assets | $0 |
| Total assets | $1,468,238 |
| 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, Moayed Family Foundation Inc has awarded $6,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FARHAD ALAKBAROV PURPOSE: SHORT-TERM HOUSING ASSISTANCE | $1,500 |
KHOSROV YAVARIFAR PURPOSE: SHORT TERM HOUSING ASSISTANCE | $3,000 |
SHAHLA NURIYEVA PURPOSE: SHORT TERM HOUSING ASSISTANCE | $1,500 |
MISC CHARITIES PURPOSE: MISCELLANEOUS CHARITIES WITH SHARED CHARITABLE INTERESTS | $100 |