Arasteh Foundation
- Assets
- $166.4k
- Revenue
- $38.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2012
- Data as of
- 03/2022
- EIN
- 27-3743182
Organization Overview
Arasteh Foundation is located in Los Angeles, CA. The organization was established in 2012. 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. Arasteh 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 03/2022, Arasteh Foundation generated $38.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $300.3k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Arasteh Foundation has awarded 98 individual grants totaling $735,769. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO STUDENTS BY PROVIDING SCHOLLARSHIPS AND RESEARCH GRANTS TO INDIVIDUAL STUDENTS, AND BY PROVIDING GRANTS TO QUALIFYING US AND FOREIGN CHARITIES AND EDUCATIONAL INSTITUATIONS. THE FOUNDATION WILL GIVE PRIORITY TO SUPPORTING STUDENTS OF IRANIAN DESCENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair Of The | 0.5 | $0 | |
Homayoon Majd Secretary | 1 | $0 | |
Hoda Gerami Treasurer | 2 | $0 | |
Leyla Mostafavi President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,682 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $38,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,287 |
| Total operating and administrative expenses | $8,667 |
| Contributions, gifts, grants paid | $291,600 |
| Total expenses and disbursements | $300,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,421 |
| 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 | $166,421 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Arasteh Foundation has awarded $291,600 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Menlo Park, CA PURPOSE: SCHOLARSHIP | $50,000 |
Irvine, CA PURPOSE: SCHOLARSHIP | $40,000 |
ANOOSHEH TAJSHARGHI PURPOSE: SCHOLARSHIP | $8,400 |
ARASH VALIOLLAHI PURPOSE: SCHOLARSHIP | $8,400 |
ELAHEH MOTAMEDI PURPOSE: SCHOLARSHIP | $8,400 |
DORSA TAYEBIPOUR PURPOSE: SCHOLARSHIP | $8,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arasteh Foundation has recieved totaling $80,400.
| Awarding Organization | Amount |
|---|---|
Iranian American Women Foundation Irvine, CA PURPOSE: College educational assistance | $80,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |