Shafrazian Foundation
- Assets
- $3.7m
- Revenue
- -$3.5m
- Investments
- $1.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2018
- Data as of
- 02/2024
- EIN
- 81-1716717
Organization Overview
Shafrazian Foundation is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shafrazian Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND PROMOTION OF THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Shafrazi Member, Director, President | 0.5 | $0 | |
Mark Haranzo Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,350 |
| Interest on Savings | $10,029 |
| Dividends & Interest | $11,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,699 |
| Capital Gain Net Income | $18,699 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$3,535,000 |
| Other Income | $0 |
| Total Revenue | -$3,491,450 |
| 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 | $32,881 |
| Total operating and administrative expenses | $33,977 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $33,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76 |
| Savings and temporary cash investments | $4,596 |
| 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 | $2,000,000 |
| 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 | $3,724,877 |
| 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 |