Hosseini Family Foundation
- Assets
- $1.8m
- Revenue
- $31.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- Data as of
- 06/2023
- EIN
- 84-1947963
Organization Overview
Hosseini Family Foundation is located in Daytona Beach, FL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hosseini 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 06/2023, Hosseini Family Foundation generated $31.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.5%) each year. All expenses for the organization totaled $983.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hosseini Family Foundation has awarded 39 individual grants totaling $1,040,550. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FBH COMMUNITY INC - A 501C3 ORGANIZATION
UGANDA - PROVIDE BASIC IMMEDIATE NEEDS FOR FOOD, WATER,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Forough Hosseini Chair | 3 | $0 | |
Nellie Lupoli Director | 1 | $0 | |
Nika Hosseini Director | 2 | $0 | |
Nina Hosseini Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,350 |
| Interest on Savings | $748 |
| Dividends & Interest | $17,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,579 |
| Capital Gain Net Income | $88,066 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,621 |
| Depreciation | $0 |
| Occupancy | $22,010 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,777 |
| Total operating and administrative expenses | $140,502 |
| Contributions, gifts, grants paid | $843,309 |
| Total expenses and disbursements | $983,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,739 |
| Savings and temporary cash investments | $107,359 |
| 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 | $324 |
| Total assets | $1,754,158 |
| 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, Hosseini Family Foundation has awarded $843,309 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CANCER RESEARCH | $100 |
INST OF INTLL EDUCATION PURPOSE: EDUCATION | $10,000 |
INTLL ASSN OF PAGEANTRY PURPOSE: EDUCATION | $400 |
MVAT FOUNDATION PURPOSE: VETERAN SERVICE | $20,000 |
IRANIAN AMERICAN SOCIET PURPOSE: EDUCATION | $5,000 |
TOMOKA ELEMENTARY SCHOO PURPOSE: EDUCATION | $200 |