Y & S Nazarian Family Foundation
- Assets
- $20.6m
- Revenue
- $484.1k
- Investments
- $20.0m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 95-4774321
Organization Overview
Y & S Nazarian Family Foundation is located in Beverly Hills, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Y & S Nazarian 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 12/2022, Y & S Nazarian Family Foundation generated $484.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Y & S Nazarian Family Foundation has awarded 101 individual grants totaling $6,175,720. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Younes Nazarian Trustee | 1 | $0 | |
Soraya J Nazarian Trustee | 2 | $0 | |
David Nazarian CFO | 5 | $0 | |
Sharon Nazarian President | 15 | $150,250 | |
Shulamit Nazarian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,817 |
| Dividends & Interest | $849,053 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$365,951 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$800 |
| Total Revenue | $484,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,419 |
| Interest | $0 |
| Taxes | $3,318 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,207 |
| Total operating and administrative expenses | $373,076 |
| Contributions, gifts, grants paid | $1,177,872 |
| Total expenses and disbursements | $1,550,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,106 |
| Savings and temporary cash investments | $549,598 |
| 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 | $11,743,269 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,621,728 |
| Accounts payable and accrued expenses | $4,973 |
| Grants payable | $3,481,274 |
| 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 | $3,486,247 |
Grants Awarded
Over the last fiscal year, Y & S Nazarian Family Foundation has awarded $1,177,872 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AVIVA FAMILY & CHILDREN'S SERVICES PURPOSE: GENERAL SUPPORT | $1,800 |
CEDAR-SINAI BOARD OF GOVERNORS PURPOSE: GENERAL SUPPORT | $2,000 |
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: GENERAL SUPPORT | $1,000 |
COUNCIL OF AMERICAN JEWISH MUSEUMS PURPOSE: GENERAL SUPPORT | $5,000 |
FOWLER MUSUEM AT UCLA PURPOSE: GENERAL SUPPORT | $10,000 |
HAMMER MUSUEM PURPOSE: GENERAL SUPPORT | $17,500 |