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Nonprofiteer
← FARIS FOUNDATION

Form 990 for tax year 2022

Filed by FARIS FOUNDATION.

Totals

Total revenue
$1,703,325
Total expenses
$1,251,812
Contributions and grants received
$1,652,000
Grants paid
$983,784
Program service revenue
$0
Investment income
$97,368
Other revenue
-$46,043
Total assets, end of year
$4,552,759
Total liabilities, end of year
$137,463
Net assets or fund balances, end of year
$4,415,296
Program services expenses (Part IX)
$1,047,700
Management and general expenses
$204,112
Fundraising expenses
$0
Program service expenses (Part III)
$1,047,700

Program services were 83.7% 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.

  • 1c · Fundraising events

    $750,000

  • 1f · All other contributions, gifts and grants

    $902,000

  • 3 · Investment income

    total $99,430 · unrelated business $99,430

  • 7a · Gross sales of assets other than inventory

    securities $4,196

  • 7b · Less cost or other basis and sales expenses

    securities $6,258

  • 7c · Gain or loss

    securities -$2,062

  • 7d · Net gain or loss

    total -$2,062 · unrelated business -$2,062

  • 8a · Fundraising events: gross income

    $52,106

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

    $750,000

  • 8b · Fundraising events: direct expenses

    $107,796

  • 8c · Net income from fundraising events

    total -$55,690 · excluded -$55,690

  • 11a · Other revenue: MERCHANDISE SALES

    total $9,647 · related or exempt $9,647

  • 11e · Other revenue, total

    $9,647

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $983,784 · program services $983,784

  • 7 · Other salaries and wages

    total $146,738 · management and general $146,738

  • 9 · Other employee benefits

    total $4,683 · management and general $4,683

  • 10 · Payroll taxes

    total $10,736 · management and general $10,736

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 11f · Fees: investment management

    total $7,066 · management and general $7,066

  • 12 · Advertising and promotion

    total $22,426 · management and general $22,426

  • 13 · Office expenses

    total $2,477 · management and general $2,477

  • 14 · Information technology

    total $8,986 · management and general $8,986

  • 24a · Other expenses: PUBLIC AWARENESS

    total $31,128 · program services $31,128

  • 24b · Other expenses: CARE PACKAGES

    total $21,408 · program services $21,408

  • 24c · Other expenses: CREATIVE ARTS THERAPY

    total $11,380 · program services $11,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,170,599 · end of year $1,166,950

  • 12 · Investments: other securities

    beginning of year $2,793,184 · end of year $3,385,809

  • 18 · Grants payable

    end of year $85,785

  • 25 · Other liabilities

    beginning of year $0 · end of year $51,678

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,963,783 · end of year $4,415,296

Mission and programs · 2022

Mission

THE FARIS FOUNDATION BRINGS BRIGHTER DAYS AND BETTER TREATMENTS TO CHILDREN WITH CANCER. OUR WORK IS FOCUSED IN THREE KEY AREAS: CHILDHOOD CANCER RESEARCH, CREATIVE ARTS PROGRAMS AT CHILDREN'S CANCER CENTERS, AND PUBLIC ENGAGEMENT AND AWARENESS AROUND CHILDHOOD CANCER.

Activities or mission (Part I)

THE FARIS FOUNDATION BRINGS BRIGHTER DAYS AND BETTER TREATMENTS TO CHILDREN WITH CANCER.

  • CHILDHOOD CANCER RESEARCH - THE REASEARCH GRAUNTS WERE GIVEN TO TEXAS CHILDREN'S HOSPITAL. WE CAREFULLY VET AND FUND ORIGINAL AND TRANSFORMATIVE RESEARCH IN AREAS WHERE THERE IS HIGH NEED AND A HIGH POTENTIAL FOR IMPACT. OUR FOCUS IS ON RARE CANCERS WHERE THE MORTALITY RATE HAS NOT CHANGED IN DECADES.

    Expenses $716,666 · Grants $716,666

  • CREATIVE ART THERAPY PROGRAMS - THE FARIS FOUNDATION WORKS TO EMBED HIGHLY QUALIFIED, MASTERS-TRAINED ART THERAPISTS AND MUSIC THERAPISTS WITHIN CHILDREN'S CANCER CENTERS ACROSS THE COUNTRY. IN ADDITION, WE PROVIDE ONGOING ART ENGAGEMENTS AT NUMEROUS CHILDREN'S CANCER CENTERS WHICH ENGAGE PROFESSIONAL ARTISTS/ARTS EDUCATORS IN THE CONCEPTUALIZATION OF UNIQUE PROJECTS FOR EACH OF THESE EVENTS AND INVITE THE PARTICIPATION OF VOLUNTEERS FROM THE COMMUNITY FOR THE EVENT ITSELF.

    Expenses $278,498 · Grants $267,118

  • LET THERE BE GOLD - LET THERE BE GOLD IS OUR ANNUAL CHILDHOOD CANCER AWARENESS AND PUBLIC ENGAGEMENT CAMPAIGN. EVERY SEPTEMBER WE HOLD GOLD CELEBRATIONS IN CHILDREN'S CANCER CENTERS AND GALVANIZE COMMUNITIES AROUND THE CAUSE.

    Expenses $31,128 · Revenue $802,106

  • GOOD JUJU - PROVIDING MAGICAL CARE PACKAGES TO CHILDREN WITH CANCER.

    Expenses $21,408

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Asha Jamal Virani

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Farid Virani

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Krista Babine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Blaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Naushad Kermally

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bonna Kol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Vetters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennie Biggs

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carrie Hassall

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
13 July 2023
IRS schema version
2022v5.0
Source object
202331949349301608

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