Maximum Difference Foundation
- Assets
- $132.8k
- Revenue
- $115.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 33-1127669
Organization Overview
Maximum Difference Foundation is located in Los Angeles, CA. The organization was established in 2007. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maximum Difference 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 12/2022, Maximum Difference Foundation generated $115.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $330.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Maximum Difference Foundation has awarded 193 individual grants totaling $2,997,610. 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 |
|---|---|---|---|
Mahmood Amin President | 2 | $0 | |
Shirin Amin Secretary | 0.12 | $0 | |
Parvin Kermani Board Member | 0.12 | $0 | |
Rosella DE Laza CFO | 1.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,000 |
| Interest on Savings | $53 |
| 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 | $115,053 |
| 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 | $4,734 |
| Total operating and administrative expenses | $4,734 |
| Contributions, gifts, grants paid | $325,500 |
| Total expenses and disbursements | $330,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,257 |
| Savings and temporary cash investments | $25,330 |
| 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 | $63,262 |
| 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 | $132,849 |
| 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, Maximum Difference Foundation has awarded $325,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BRENTWOOD PRESBYTERIAN CHURCH PRESCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |
FARHANG FOUNDATION PURPOSE: GENERAL SUPPORT | $37,500 |
IRANIAN MUSLIM ASSOCIATION OF NORTH AMERICA PURPOSE: GENERAL SUPPORT | $10,000 |
NURSES & ANGELS INTERNATIONAL PURPOSE: MEDICAL BILLS | $5,000 |
VIKING ELEMENTARY SCHOOL PURPOSE: GENERAL SUPPORT | $20,000 |
TIDES CENTER PURPOSE: GENERAL SUPPORT FOR PALESTINE LEGAL | $50,000 |