Zarathushti Entrepreneurship Development Foundation
- Assets
- $237.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- Data as of
- 12/2022
- EIN
- 84-3689894
Organization Overview
Zarathushti Entrepreneurship Development Foundation is located in Hinsdale, IL. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zarathushti Entrepreneurship Development 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PRIMARY EXEMPT PURPOSE OF THE ZARATHUSHTI ENTREPRENEURSHIP DEVELOPMENT FOUNDATION IS THE FURTHERANCE OF THE ZOROASTRIAN RELIGION AND THE FOLLOWERS OF THE ZOROASTRIAN RELIGION, SPECIFICALLY TO PROMOTE ZOROASTRIANS WITHIN THE COMMUNITY BY ALL MEANS, INCLUDING ASSISTING IN THE PROMOTION, NETWORKING AND FUNDING OF ZOROASTRIAN ENTERPRISES BY VARIOUS MEANS, INCLUDING GRANTS OR INTEREST-FREE LOANS. IN 2022, A TOTAL OF $100,000 WAS DISBURSED AS INTEREST-FREE LOANS TO TWO ENTREPRENEURS IN THE BEAUTY SALOON I.E., INTEREST-FREE LOAN OF $50,000, AND RESTAURANT BUSINESS I.E., INTEREST-FREE LOAN OF $50,000. THERE ARE NO EXPENSES RELATED TO THIS PROGRAM ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edul Daver Trustee | 10 | $0 | |
Rohinton Rivetna Trustee | 5 | $0 | |
Homi D Gandhi Trustee | 5 | $0 | |
Arzan S Wadia Trustee | 5 | $0 | |
Pervin Taleyarkhan Secretary | 5 | $0 | |
Ratan Mistry Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,654 |
| Total expenses | $13,654 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $237,513 |
| Other assets | $0 |
| Total assets | $237,513 |
| Total liabilities | $0 |
| Net assets or fund balances | $237,513 |