Ray R Irani And Ghada Raslan Irani Foundation
- Assets
- $22.8m
- Revenue
- $5.1m
- Investments
- $19.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 48-6394885
Organization Overview
Ray R Irani And Ghada Raslan Irani Foundation is located in Los Angeles, CA. The organization was established in 2004. 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. Ray R Irani And Ghada Raslan Irani 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 12/2023, Ray R Irani And Ghada Raslan Irani Foundation generated $5.1m 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 (6.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ray R Irani And Ghada Raslan Irani Foundation has awarded 210 individual grants totaling $16,890,681. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ray R Irani Co-Trustee | 0 | $0 | |
Kenneth J Anderson Co-Trustee | 0 | $0 | |
Ghada Raslan Irani Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,036,424 |
| Interest on Savings | $41,919 |
| Dividends & Interest | $673,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $333,523 |
| Capital Gain Net Income | $1,412,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,085,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $42,025 |
| Contributions, gifts, grants paid | $965,830 |
| Total expenses and disbursements | $1,007,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,748 |
| Savings and temporary cash investments | $3,363,592 |
| 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 | $6,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,807,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $908 |
| Total assets | $22,794,116 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,420,000 |
| 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 | $2,420,000 |
Grants Awarded
Over the last fiscal year, Ray R Irani And Ghada Raslan Irani Foundation has awarded $3,385,830 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRENT SHAPIRO FOUNDATION PURPOSE: UNRESTRICTED | $100,000 |
FORD'S THEATRE PURPOSE: UNRESTRICTED | $200,000 |
HOUSE OF LEBANON PURPOSE: UNRESTRICTED | $50,000 |
ISLAMIC CENTER OF SOUTHERN CALIFORNIA PURPOSE: UNRESTRICTED | $50,000 |
KARAM FOUNDATION PURPOSE: UNRESTRICTED | $25,000 |
INTERNATIONAL COLLEGE PURPOSE: UNRESTRICTED | $10,000 |