Y & S Nazarian Family Foundation
- Assets
- $26.3m
- Revenue
- $1.5m
- Investments
- $25.7m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 11/2000
- Data as of
- 12/2021
- 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 12/2021, Y & S Nazarian Family Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Y & S Nazarian Family Foundation has awarded 65 individual grants totaling $4,997,848. 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 |
|---|---|---|---|
Sharon Nazarian President | 15 | $150,000 | |
Younes Nazarian Trustee | 1 | $0 | |
Soraya J Nazarian Trustee | 2 | $0 | |
David Nazarian CFO | 5 | $0 | |
Shulamit Nazarian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $614 |
| Dividends & Interest | $748,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $797,101 |
| Capital Gain Net Income | $1,402,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $307 |
| Total Revenue | $1,546,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,155 |
| Interest | $0 |
| Taxes | $48,599 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,532 |
| Total operating and administrative expenses | $448,672 |
| Contributions, gifts, grants paid | $1,822,813 |
| Total expenses and disbursements | $2,271,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,045 |
| Savings and temporary cash investments | $494,630 |
| 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 | $20,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,028,578 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,347,424 |
| Accounts payable and accrued expenses | $36,184 |
| Grants payable | $5,055,823 |
| 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 | $5,092,007 |
Grants Awarded
Over the last fiscal year, Y & S Nazarian Family Foundation has awarded $1,822,813 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BEZALEL SCHOOL OF DESIGN PURPOSE: GENERAL SUPPORT | $600,000 |
WIZO LOS ANGELES PURPOSE: GENERAL SUPPORT | $503,800 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $200,000 |
IMA FOUNDATION PURPOSE: GENERAL SUPPORT | $116,013 |
Champaign, IL PURPOSE: GENERAL SUPPORT | $101,000 |
JERUSALEM ACADEMY OF MUSIC AND DANCE PURPOSE: GENERAL SUPPORT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |