Semnani Family Foundation
- Assets
- $0.0
- Revenue
- $10.5m
- Investments
- $96.4m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 05/1994
- Data as of
- 12/2020
- EIN
- 74-2639794
Organization Overview
Semnani Family Foundation is located in Salt Lake City, UT. The organization was established in 1994. 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. Semnani 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 12/2020, Semnani Family Foundation generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $5.4m during the year ending 12/2020. While expenses have increased by 3.7% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Semnani Family Foundation has awarded 163 individual grants totaling $12,714,140. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT PAYMENT OF UTILITIES, INSURANCE, REPAIRS, AND OTHER RELATED EXPENSES FOR BUILDINGS USED EXCLUSIVELY BY THE MALIHEH FREE CLINIC (MFC) AND REFUGEE JUSTICE LEAGUE (RJL). MFC IS A PUBLIC CHARITY PROVIDING FREE MEDICAL SERVICES FOR UNINSURED AND LOW-INCOME INDIVIDUALS AND FAMILIES. RJL IS A PUBLIC CHARITY FOUNDED TO PROMOTE AND DEFEND CONSTITUTIONAL RIGHTS OF ALL REFUGEES IN THE UNITED STATES OF AMERICA.
ASSISTANCE WITH ECONOMIC IMPROVEMENT AND DEVELOPMENT OF DISADVANTAGED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirin Kia Director | 0.5 | $0 | |
Ghazaleh Semnani Director | 1 | $0 | |
Khosrow Semnani Director | 1 | $0 | |
Taymour Semnani Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/21 | $139,859 |
Love Communications | 12/30/21 | $50,000 |
Mansoor Emam | 12/30/21 | $21,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,103,003 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,160,118 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,705 |
| Total Revenue | $10,538,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $584,537 |
| Contributions, gifts, grants paid | $4,846,589 |
| Total expenses and disbursements | $5,431,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $920,335 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Semnani Family Foundation has awarded $3,499,689 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE ENDOWMENT PROGRAM PURPOSE: GENERAL CONTRIBUTION | $2,388,538 |
LDS CHARITIES PURPOSE: GENERAL CONTRIBUTION | $100,000 |
INTERMOUNTAIN FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $100,000 |
Salt Lake City, UT PURPOSE: GENERAL CONTRIBUTION | $100,000 |
DAVID ECCLES SCHOOL OF BUSINESS PURPOSE: GENERAL CONTRIBUTION | $50,000 |
CATHOLIC COMMUNITY SERVICES PURPOSE: GENERAL CONTRIBUTION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Katherine W Dumke & Ezekiel R Dumke Jr Foundation Kaysville, UT | $0 | $4,334 |