Shams Foundation
- Assets
- $337.3k
- Revenue
- $109.7k
- Investments
- $330.1k
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 95-4774764
Organization Overview
Shams Foundation is located in Woodland Hills, CA. The organization was established in 2000. 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. Shams Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Shams Foundation has awarded 63 individual grants totaling $451,552. 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
SEE STATEMENT 9 FOR LIST OF ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmad Shams President | 0 | $0 | |
Victoria Shams CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,369 |
| Interest on Savings | $65 |
| Dividends & Interest | $4,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,808 |
| Capital Gain Net Income | $19,808 |
| Net ST Capital Gain | $19,808 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,199 |
| Contributions, gifts, grants paid | $83,500 |
| Total expenses and disbursements | $88,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,228 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $337,281 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,015 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,015 |
Grants Awarded
Over the last fiscal year, Shams Foundation has awarded $83,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INTL SOCIETY FOR CHILDREN WITH CANC PURPOSE: CHARITABLE DONATION | $10,000 |
WESTMINSTER FREE CLINIC PURPOSE: CHARITABLE DONATION | $15,000 |
QUINCY INSTITUTE FOR RESPONSIBLE ST PURPOSE: CHARITABLE DONATION | $5,000 |
NATIONAL IRANIAN AMERICAN COUNCIL PURPOSE: CHARITABLE DONATION | $50,000 |
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: CHARITABLE DONATION | $2,500 |
UNIVERSITY FOUNDATION SACRAMENTO ST PURPOSE: CHARITABLE DONATION | $500 |