The Nima Taghavi Foundation
- Assets
- $555.5k
- Revenue
- $153.2k
- Investments
- $551.2k
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2007
- Data as of
- 11/2023
- EIN
- 20-3959759
Organization Overview
The Nima Taghavi Foundation is located in Newport Beach, CA. The organization was established in 2007. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Nima Taghavi 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 11/2023, Nima Taghavi Foundation generated $153.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $350.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nima Taghavi Foundation has awarded 32 individual grants totaling $1,262,300. 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 |
|---|---|---|---|
Nima Taghavi President | 1 | $0 | |
Jennifer Schilling Secretary & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,500 |
| Interest on Savings | $11 |
| Dividends & Interest | $643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $195 |
| Total operating and administrative expenses | $16,195 |
| Contributions, gifts, grants paid | $334,000 |
| Total expenses and disbursements | $350,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,317 |
| 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 | $555,477 |
| Accounts payable and accrued expenses | $2,112 |
| Grants payable | $0 |
| 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 | $2,112 |
Grants Awarded
Over the last fiscal year, The Nima Taghavi Foundation has awarded $334,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL PURPOSE: PEDIATRIC CARE AND RESEARCH | $7,500 |
BIANCA RAE FOUNDATION PURPOSE: TO PROVIDE GUIDANCE AND LEADERSHIP TO SOUTHERN CALIFORNIA YOUTH AND A FOCUS ON PROVIDING RESOURCES FOR HOMELESS ANIMALS. | $6,000 |
BILL HILLARY & CHELSEA CLINTON FOUNDATION PURPOSE: TO STRENGTHEN THE CAPACITY OF PEOPLE IN THE UNITED STATES AND THROUGHOUT THE WORLD TO MEET THE CHALLENGES OF GLOBAL INTERDEPENDENCE. | $175,000 |
BONIAD AYENEH INC PURPOSE: TO EMPOWER THE SOCIETY WITH EDUCATION, AWARENESS AND PREVENTION REGARDING SOCIAL MALADIES, SUCH AS HUMAN RIGHTS VIOLATIONS, THE DISEASE OF ADDICTION, AIDS, DOMESTIC VIOLENCE AND THE PLIGHT OF STREET CHILDREN AMONG OTHERS, MOSTLY IN THE FARSI SPEAKING COMMUNITIES WORLDWIDE. | $52,500 |
EASTERN CONGO INITIATIVE PURPOSE: CREATING A SUSTAINABLE AND SUCCESSFUL SOCIETY IN EASTERN CONGO. | $15,000 |
CEDARS-SINAI PURPOSE: MEDICAL RESEARCH | $15,000 |