Honarkar Foundation
- Assets
- $45.9k
- Revenue
- $141.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 83-3425859
Organization Overview
Honarkar Foundation is located in Laguna Beach, CA. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honarkar Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING AND PROMOTING ARTS, CULTURE, AND EDUCATION IN LAGUNA BEACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammad Honarkar CEO | 0 | $0 | |
Hasty Honarkar CFO | 0 | $0 | |
Nikki Bostwick Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $141,000 |
| 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 | $141,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $7,811 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,366 |
| Depreciation | $0 |
| Occupancy | $86,844 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,658 |
| Total operating and administrative expenses | $123,572 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $124,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,760 |
| 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 | $7,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $17,148 |
| Other assets | $15,000 |
| Total assets | $45,908 |
| Accounts payable and accrued expenses | $26,156 |
| 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 | $2,823 |
| Total liabilities | $28,979 |