Faris Foundation
- Assets
- $4.0m
- Revenue
- $1.4m
- Investments
- $2.8m
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3109684
Organization Overview
Faris Foundation is located in Sugar Land, TX. The organization was established in 2019. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faris 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, Faris Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $505.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FARIS FOUNDATION BRINGS BRIGHTER DAYS AND BETTER TREATMENTS TO CHILDREN WITH CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDHOOD CANCER RESEARCH - WE CAREFULLY VET AND FUND ORIGINAL AND TRANSFORMATIVE RESEARCH IN AREAS WHERE THERE IS HIGH NEED AND A HIGH POTENTIAL FOR IMPACT. OUR FOCUS IS ON RARE CANCERS WHERE THE MORTALITY RATE HAS NOT CHANGED IN DECADES.
ART PARTIES - WE BELIEVE EVERY CHILD SHOULD HAVE ACCESS TO ART AS A PART OF THEIR PLAN OF CARE. THE FARIS FOUNDATION WORKS TO EMBED HIGHLY QUALIFIED, MASTERS-TRAINED ART THERAPISTS AND MUSIC THERAPISTS WITHIN CHILDREN'S CANCER CENTERS ACROSS THE COUNTRY. IN ADDITION, WE PROVIDE ONGOING ART PARTIES AT NUMEROUS CHILDREN'S CANCER CENTERS WHICH ENGAGE PROFESSIONAL ARTISTS/ARTS EDUCATORS IN THE CONCEPTUALIZATION OF UNIQUE PROJECTS FOR EACH OF THESE EVENTS AND INVITE THE PARTICIPATION OF VOLUNTEERS FROM THE COMMUNITY FOR THE EVENT ITSELF.
LET THERE BE GOLD - LET THERE BE GOLD IS OUR ANNUAL CHILDHOOD CANCER AWARENESS AND PUBLIC ENGAGEMENT CAMPAIGN. EVERY SEPTEMBER WE HOLD GOLD CELEBRATIONS IN CHILDREN'S CANCER CENTERS AND GALVANIZE COMMUNITIES AROUND THE CAUSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asha Jamal Virani President | OfficerTrustee | 40 | $0 |
Zahra Dossa Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Farid Virani Vice President | OfficerTrustee | 2 | $0 |
Susan Blaney Director | Trustee | 1 | $0 |
Krista Babine Director | Trustee | 1 | $0 |
Naushad Kermally Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $843,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $843,490 |
| Total Program Service Revenue | $0 |
| Investment income | $74,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11 |
| Net Income from Fundraising Events | $518,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,439,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $405,499 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,859 |
| Advertising and promotion | $56,139 |
| Office expenses | $203 |
| Information technology | $1,789 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $505,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,170,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,793,184 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,963,783 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,963,783 |
| Total liabilities and net assets/fund balances | $3,963,783 |
Grants Awarded
Over the last fiscal year, Faris Foundation has awarded $399,999 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: FUNDING HEROS 3.0 TRIAL, A PH.1 STUDY IN IMT USING CERT-T CELLS IN SOLID REFRACTORY TUMORS. | $233,333 |
MD ANDERSON PURPOSE: TO ESTABLISH/SUPPORT THE POSITION OF THE MUSIC THERAPIST. | $83,333 |
Houston, TX PURPOSE: TO ESTABLISH/SUPPORT THE POSITION OF THE ART THERAPIST. | $83,333 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Faris Foundation has recieved totaling $95,783.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,349 |
Relief Haven Foundation Lehi, UT PURPOSE: GENERAL FUND | $25,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $434 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mary Bird Perkins Cancer Center Baton Rouge, LA | $85,168,011 | $42,685,291 |
The Rose Houston, TX | $16,831,916 | $15,429,968 |
Ut Southwestern Moncrief Cancer Center Fort Worth, TX | $34,033,245 | $10,388,679 |
Texas Research And Technology Foundation San Antonio, TX | $53,094,822 | $7,628,326 |
Cancer Care Services Fort Worth, TX | $4,958,692 | $3,102,585 |
Cancer Services Of Greater Baton Rouge Inc Baton Rouge, LA | $3,899,817 | $1,875,699 |
Breast Cancer Resource Center Austin, TX | $1,272,763 | $1,841,487 |
Julie Rogers Gift Of Life Free Mammogram Program Beaumont, TX | $2,101,197 | $2,028,172 |
Arkansas Cancer Coalition Little Rock, AR | $188,451 | $1,065,225 |
Wipe Out Kids Cancer Inc Dallas, TX | $832,825 | $1,375,015 |
Cancer Foundation For New Mexico Santa Fe, NM | $5,066,757 | $1,538,646 |
Rio Grande Cancer Foundation El Paso, TX | $15,840,266 | $1,400,334 |