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Nonprofiteer
← MAGBIT FOUNDATION

Form 990 for tax year 2022

Filed by MAGBIT FOUNDATION.

Totals

Total revenue
$1,679,698
Total expenses
$501,357
Contributions and grants received
$2,138,512
Grants paid
$189,800
Program service revenue
$0
Investment income
-$20,587
Other revenue
-$438,227
Total assets, end of year
$2,448,864
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,448,864
Program services expenses (Part IX)
$189,800
Management and general expenses
$311,557
Fundraising expenses
$0
Program service expenses (Part III)
$189,800

Program services were 37.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GINA ROFEEM

    EXECUTIVE DIREC

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BENJAMIN NAZARIAN

    Chairman

    Total calculated
    $0
    Hours/week
    0

  • AVI COHEN

    Vice President

    Total calculated
    $0
    Hours/week
    0

  • DANIEL MANZOOR-MANDEL

    Vice President

    Total calculated
    $0
    Hours/week
    0

  • BEHROOZ BROUKHIM MD

    Chairman

    Total calculated
    $0
    Hours/week
    0

  • PAUL RAHIMIAN

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • SASHA FARAHI

    President

    Total calculated
    $0
    Hours/week
    0

  • ARIELLE MOKHTARZADEH

    Secretary

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343149349302389

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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