Beverley Way Foundation
- Assets
- $961.9k
- Revenue
- $501.0k
- Investments
- $359.9k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3560505
Organization Overview
Beverley Way Foundation is located in Los Angeles, CA. 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. Beverley Way 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, Beverley Way Foundation generated $501.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $291.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Beverley Way Foundation has awarded 14 individual grants totaling $461,320. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hasan Askari President/treasurer | 0 | $0 | |
Saadia Askari Vp/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $180 |
| Dividends & Interest | $10,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,895 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14 |
| Total Revenue | $501,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,658 |
| Total operating and administrative expenses | $13,356 |
| Contributions, gifts, grants paid | $278,532 |
| Total expenses and disbursements | $291,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,045 |
| 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 | $359,881 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $961,926 |
| 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, Beverley Way Foundation has awarded $278,532 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: PROVIDE MEDICAL CARE TO CHILDREN | $10,000 |
UNICEF USA PURPOSE: ADVOCATE FOR THE CHILDREN RIGHTS | $143,324 |
ISLAMIC RELIEF USA PURPOSE: PROVIDE HUMANITARIAN AID | $52,208 |
PILLARS FUND PURPOSE: AMPLIFY THE LEADERSHIPS, TALENTS AND NARRATIVES OF AMERICAN MUSLIMS | $25,000 |
MANHATTAN BEACH EDUCATION FOUNDATION PURPOSE: PROVIDE FUNDING FOR PROGRAMS THAT INSPIRE LEARNING, ENRICH TEACHING AND PROMOTE INNOVATION IN PUBLIC SCHOOLS OF MANHATTAN BEACH | $8,000 |
THE CITIZENS FOUNDATION USA PURPOSE: PROVIDE QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN | $20,000 |