Razi Family Foundation
- Assets
- $2.7m
- Revenue
- $112.4k
- Investments
- $2.5m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 91-2169259
Organization Overview
Razi Family Foundation is located in Irvine, CA. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Razi Family 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 12/2023, Razi Family Foundation generated $112.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $471.2k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Razi Family Foundation has awarded 92 individual grants totaling $1,826,123. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Cyrus Razi Chairman | 2 | $0 | |
Babak Cyrus Razi Vice President/cfo | 2 | $0 | |
Niloofar Razi Howe President | 2 | $0 | |
Keyvan Cyrus Razi Vice President/secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,297 |
| Dividends & Interest | $42,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,800 |
| Capital Gain Net Income | $38,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,298 |
| Total Revenue | $112,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143 |
| Total operating and administrative expenses | $29,442 |
| Contributions, gifts, grants paid | $441,726 |
| Total expenses and disbursements | $471,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,587 |
| Savings and temporary cash investments | $136,564 |
| 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 | $0 |
| Other assets | $15,000 |
| Total assets | $2,712,928 |
| 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, Razi Family Foundation has awarded $441,726 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
NAPA VALLEY FESTIVAL ASSOCIATION PURPOSE: TO SUPPORT ARTS EDUCATION INITIATIVES AND THE ANNUAL FESTIVAL IN NAPA VALLEY. | $19,200 |
THE MIDNIGHT MISSION PURPOSE: TO PROVIDE HOMELESS SHELTER. | $5,000 |
FARHANG FOUNDATION PURPOSE: TO PROMOTE THE ART AND CULTURE OF IRANIAN AMERICANS. | $257,200 |
CALIFORNIA STATE UNIVERSITY FOUNDATION PURPOSE: TO PROMOTE EDUCATION. | $10,000 |
THE TRAVELERS FOUNDATION PURPOSE: TO PROMOTE PEACE, SPIRITUAL AWARENESS, EDUCATION, AND PROGRAMS FOR CHILDREN. | $1,000 |
VISIONARY WOMEN PURPOSE: TO UNITE AND INSPIRE A COMMUNITY OF VISIONARY FEMALE LEADERS IN SUPPORT OF CAUSES THAT LIFT UP WOMEN AND GIRLS. | $15,000 |