Golestan Foundation
- Assets
- $747.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Woodinville, WA
- Founding
- Data as of
- 08/2023
- EIN
- 85-2405098
Organization Overview
Golestan Foundation is located in Woodinville, WA. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golestan 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 08/2023, Golestan Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 65.2% each year . All expenses for the organization totaled $1.2m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HUMANITARIAN AID - TO IMPROVE THE QUALITY OF LIFE FOR CHILDREN AND ORPHANS THROUGH FINANCIAL SUPPORT OF CENTERS AND ORPHANAGES THAT PROVIDE SAFETY, HEALTH, HOUSING, AND EDUCATION TO THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITARIAN AID FOR FINANCIAL SUPPORT OF ORPHANS: GOLESTAN FOUNDATION PROVIDED FUND TO THE CENTERS FOR THE OPERATION OF ORPHANAGES, EDUCATION, HEALTH, OTHER NEEDS OF THE CHILDREN: (1) JAVADOLAEMEH (AHVAZ): $82,850, (2) GOLSHAN (AHVAZ): $130,150, (3) BANI MEHR (JIROFT): $101,875, (4) AMENEH (SHAHROOD): $37,545, (5) ZAYNAB (BONAB): $62,210, (6) ATR E YAAS (SHIRAZ): $76,835, (7) ALI EBN ABITALEB (BAM): $38,350, (8) JAVADOLAEMEH (NEYSHABUR): $38,315, (9) MARYAM (NEYSHABUR): $41,510, (10) MIRZAYE NAINI (NAIN): $16,525, (11) SEPEHRE ROSHAN (ARAK): $26,670, (12) BOSTAN (SANANDAJ): $65,160, (13) MASOUMEH (SHAHREKORD): $9,285, (14) SHEKOOFEHA (ARDABIL): $29,675, (15) FERESHTE (KHOY): $21,030, (16) KHANEH MOHABAT (TIRAN): $13,405, (17) MEHRARA SHOMAL (BABOL): $29,025, (18) GOLESTAN FOUNDATION (CANADA): $18,000
HUMANITARIAN AID RELATED TO DISASTER RELIEF (COVID-19): GOLESTAN FOUNDATION PROVIDED $187,165 TO PURCHASE A CT-SCANNER FOR VALIASR HOSPITAL IN FANOUJ IN SISTAN-BALUCHESTAN. VALIASR HOSPITAL IS THE ONLY HOSPITAL IN THAT REGION THAT PROVIDES ESSENTIAL HEALTH CARE TO OVER 70,000 PEOPLE. HAVING A CT-SCANNER WILL UNDOUBTEDLY SAVE MANY LIVES BY IMPROVING THE EFFECTIVE DIAGNOSIS OF AILMENTS SUCH AS COVID-19.
HUMANITARIAN AID RELATED TO DISASTER RELIEF RELATED TO 2023 KHOY EARTHQUAKE: GOLESTAN FOUNDATION PROVIDED $47,000 TO FERESHTE (KHOY) TO SUPPORT THE CENTER FOR PURCHASING TENTS, BLANKETS, AND OTHER EQUIPMENT FOR PEOPLE AFFECTED BY THE EARTHQUAKE AND ALSO FOR HELPING THE FERESHTEH CENTER TO REPAIR THE EARTHQUAKE DAMAGES. GOLESTAN FOUNDATION ALSO PROVIDED $99,800 TO SHAYESTEH OMRAN SALAR CONSTRUCTION COMPANY IN KHOY FOR REBUILDING OF AMIRKABIR HIGH SCHOOL IN THE AFTERMATH OF 2023 KHOY EARTHQUAKE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amin H Jahromi President | OfficerTrustee | 25 | $0 |
Reza Ebrahimi Ghiri Secretary | OfficerTrustee | 5 | $0 |
Mohsen Dadfarnia Treasurer | OfficerTrustee | 10 | $0 |
Mehdi Khoshgoftar Board Member | Trustee | 5 | $0 |
Behzad Biglarbegian Board Member | Trustee | 5 | $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 | $1,224,847 |
| Noncash contributions included in lines 1a–1f | $9,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,224,847 |
| Total Program Service Revenue | $0 |
| Investment income | $2,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,227,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,172,380 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $8,979 |
| Total functional expenses | $1,238,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,664 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $747,563 |
| Accounts payable and accrued expenses | $60 |
| 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 | $60 |
| Net assets without donor restrictions | $503,973 |
| Net assets with donor restrictions | $243,530 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $747,563 |