Virani Family Foundation
- Assets
- $84.7k
- Revenue
- $12.5k
- Investments
- $84.7k
- Employees
- 0
- Location
- Encino, CA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-1719734
Organization Overview
Virani Family Foundation is located in Encino, CA. The organization was established in 2015. 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. Virani Family 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, Virani Family Foundation generated $12.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $8.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohammad J Virani President/treas | 0 | $0 | |
Carol Virani Vice President | 0 | $0 | |
Shawn Mohammad Virani Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,026 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,840 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$751 |
| Total Revenue | $12,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $129 |
| Contributions, gifts, grants paid | $8,400 |
| Total expenses and disbursements | $8,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $84,671 |
| 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 | $1,631 |
| Total liabilities | $1,631 |
Grants Awarded
Over the last fiscal year, Virani Family Foundation has awarded $8,400 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SIIJLA PURPOSE: CHARITY | $1,000 |
WOUNDED WARRIOR PURPOSE: CHARITY | $1,000 |
THE LIVING WATERS PURPOSE: CHARITY | $1,000 |
JESUS KNOWS MY NAME PURPOSE: CHARITY | $1,000 |
AGA KHAN FOUNDATION PURPOSE: CHARITY | $1,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: CHARITY | $1,000 |