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Nonprofiteer
← FARHANG FOUNDATION

Form 990 for tax year 2023

Filed by FARHANG FOUNDATION.

Totals

Total revenue
$2,116,494
Total expenses
$1,792,166
Contributions and grants received
$1,991,378
Grants paid
$147,972
Program service revenue
$0
Investment income
$125,116
Other revenue
$0
Total assets, end of year
$6,154,429
Total liabilities, end of year
$245,907
Net assets or fund balances, end of year
$5,908,522
Program services expenses (Part IX)
$1,373,353
Management and general expenses
$312,472
Fundraising expenses
$106,341
Program service expenses (Part III)
$1,373,353

Program services were 76.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $393,375

  • 1c · Fundraising events

    $271,672

  • 1f · All other contributions, gifts and grants

    $1,326,331

  • 3 · Investment income

    total $16,661 · excluded $16,661

  • 4 · Income from investment of tax-exempt bond proceeds

    total $108,455 · excluded $108,455

  • 8a · Fundraising events: gross income

    $307,621

  • 8a · Fundraising events: contributions included on line 1c

    $271,672

  • 8b · Fundraising events: direct expenses

    $307,621

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $119,972 · program services $119,972

  • 2 · Grants to domestic individuals

    total $28,000 · program services $28,000

  • 5 · Compensation of officers, directors and key employees

    total $267,170 · program services $146,944 · management and general $77,479 · fundraising $42,747

  • 7 · Other salaries and wages

    total $179,837 · program services $98,910 · management and general $52,153 · fundraising $28,774

  • 10 · Payroll taxes

    total $24,098 · program services $13,254 · management and general $6,988 · fundraising $3,856

  • 11b · Fees: legal

    total $400 · management and general $400

  • 11c · Fees: accounting

    total $113,217 · management and general $113,217

  • 11g · Fees: other

    total $206,133 · program services $202,326 · management and general $2,515 · fundraising $1,292

  • 12 · Advertising and promotion

    total $175,278 · program services $175,247 · fundraising $31

  • 13 · Office expenses

    total $34,706 · program services $12,927 · management and general $21,069 · fundraising $710

  • 17 · Travel

    total $44,091 · program services $40,563 · management and general $2,205 · fundraising $1,323

  • 23 · Insurance

    total $37,018 · program services $18,676 · management and general $13,189 · fundraising $5,153

  • 24a · Other expenses: EXEMPT-PURPOSE EVENTS

    total $288,567 · program services $288,066 · fundraising $501

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $137,014 · program services $133,916 · fundraising $3,098

  • 24c · Other expenses: ANNUAL RETREAT

    total $70,294 · program services $47,465 · management and general $19,568 · fundraising $3,261

  • 24d · Other expenses: PRINTING AND PUBLICATIO

    total $50,698 · program services $42,585 · management and general $1,522 · fundraising $6,591

  • 24e · All other expenses

    total $15,673 · program services $4,502 · management and general $2,167 · fundraising $9,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,630,101 · end of year $1,459,525

  • 2 · Savings and temporary cash investments

    end of year $2,456,727

  • 3 · Pledges and grants receivable

    beginning of year $3,171,468 · end of year $2,112,035

  • 9 · Prepaid expenses and deferred charges

    beginning of year $123,981 · end of year $113,125

  • 10a · Land, buildings and equipment: cost or other basis

    $30,412

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,915

  • 10c · Land, buildings and equipment, net

    beginning of year $590 · end of year $10,497

  • 15 · Other assets

    beginning of year $2,520 · end of year $2,520

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,760 · end of year $154,707

  • 18 · Grants payable

    beginning of year $152,500

  • 19 · Deferred revenue

    beginning of year $75,182 · end of year $41,200

  • 22 · Loans and payables to officers and key people

    beginning of year $50,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $849,449 · end of year $1,007,655

  • 28 · Net assets with donor restrictions

    beginning of year $4,694,769 · end of year $4,900,867

Mission and programs · 2023

Mission

TO CELEBRATE AND PROMOTE IRANIAN ART AND CULTURE FOR THE BENEFIT OF THE COMMUNITY AT LARGE

  • FARHANG FOUNDATION AND THE PACIFIC SYMPHONY WERE PROUD TO ONCE AGAIN JOIN FORCES IN PRESENTING THE ANNUAL NOWRUZ (IRANIAN NEW YEAR) CONCERTS THROUGHOUT SOUTHERN CALIFORNIA TO MARK THIS JOYOUS OCCASION. THE EVENTS PROVIDE DIVERSE FAMILY-ORIENTED CULTURAL PROGRAMMING, CONCERTS, TRADITIONAL MUSIC, DANCERS, CUISINE, AND MORE.

    Expenses $393,753 · Grants $20,000 · Revenue $183,239

  • IN 2015, WITH THE COMMUNITY'S SUPPORT, FARHANG FOUNDATION LAUNCHED THE FIRST-EVER PERSIAN LANGUAGE AND CULTURE AFTER SCHOOL PROGRAM IN PARTNERSHIP WITH LOCAL PUBLIC AND PRIVATE SCHOOLS OF SOUTHERN CALIFORNIA. THIS PROGRAM, WHICH IS PROVIDED FREE-OF-CHARGE TO PARTICIPATING SCHOOLS, CREATES A PLATFORM FOR K-12 STUDENTS TO BE EXPOSED TO IRAN'S RIGH AND BEAUTIFUL LANGUAGE AND CULTURE.

    Expenses $95,890

  • FARHANG FOUNDATION'S SHORT FILM FESTIVAL IS A SINGULAR AND UNPARALLELED EVENT ON THE GLOBAL STAGE, DEDICATED EXCLUSIVELY TO CELEBRATING THE ARTISTRY OF IRANIAN SHORT FILMS. IT PROVIDES SUBSTANITAL SUPPORT TO FILMMAKERS FROM AROUND THE WORLD, WITH $18,000 IN PRIZES GENEROUSLY AWARDED.

    Expenses $84,294 · Grants $18,000 · Revenue $10,763

  • PROMOTION AND CELEBRATION OF IRANIAN CULTURAL HERITAGE BY SUPPORTING AND ADVOCATING FOR PROGRAMS AND LECTURE SERIES BY SPONSORING ART AND CULTURAL EVENTS TO PROMOTE IRANIAN TRADITION AND CELEBRATION OF THE NEW YEAR, "NOWRUZ", AND BY SPONSORING MUSICAL AND THEATRICAL PERFORMANCES, PLAYS, FILMS AND POETRY READING IN COLLABORATION WITH THE UNIVERSITY OF SOUTHERN CALIFORNIA, THE LOS ANGELES MUSEUM OF ART, UNIVERSITY OF CALIFORNIA, LOS ANGELES, AND UNIVERSITY OF CALIFORNIA, IRVINE.

    Expenses $799,416 · Grants $109,972 · Revenue $922,673

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Philip Cohanim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alireza Ardekani

    EXECUTIVE DIRECTOR

    Total calculated
    $263,559
    From this org
    $263,559
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,559
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $263,559

  • Haleh Emrani

    TRUSTEE/CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Mark Moshayedi

    TRUSTEE/CFO

    Total calculated
    $0
    Hours/week
    3

  • Andrew Tavakoli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Hirad Dagostar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mehraban Khajehnouri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Amin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mehran Mavaddat

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Marjaneh Afkhami

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shazad Ghanbari

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Hooshang Pak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anoosheh Oskouian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Farhad Mohit

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Hormoz Ameri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Aria Mehrabi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Amin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dariush Gabbay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Samaneh Tahbazof

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ali Razi

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sara Alvarez

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
FARHANG FOUNDATION PROVIDES NON-FIXED PAYMENTS IN THE FORM OF A BONUS PAID TO THE EXECUTIVE DIRECTOR. THE BONUS IS DEPENDENT ON CLIENT SATISFACTION, PROGRAM SUCCESS, STAFF AND VOLUNTEER DEVELOPMENT, AND GENERAL FINANCIAL SUCCESS OF THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.1
Source object
202403589349301080

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