Hoveida Family Foundation
- Assets
- $72.5m
- Revenue
- $1.1m
- Investments
- $59.7m
- Employees
- 0
- Location
- Bainbridge Island, WA
- Founding
- Data as of
- 12/2021
- EIN
- 85-4041310
Organization Overview
Hoveida Family Foundation is located in Bainbridge Island, WA. 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. Hoveida 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 12/2021, Hoveida Family Foundation generated $1.1m in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEDICATE TO THE PROMOTION OF SCIENTIFIC AND ENGINEERING EDUCATION AND RESEARCH TO MAKE THE WORLD A BETTER PLACE FOR ALL HUMANITY AND ALL LIVING THINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amethyst Lucille Nelson Secretary Treasurer | 1 | $0 | |
Bahman Hoveida President | 1 | $0 | |
Rebecca Hoveida Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,525 |
| Dividends & Interest | $951,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,626 |
| Capital Gain Net Income | $96,626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,071,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,429 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $305,085 |
| Contributions, gifts, grants paid | $3,253,000 |
| Total expenses and disbursements | $3,558,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,338 |
| Savings and temporary cash investments | $12,288,670 |
| 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 | $77,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $123,823 |
| Total assets | $72,514,243 |
| 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 | $1,000 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Hoveida Family Foundation has awarded $3,253,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Urbana, IL PURPOSE: STUDENT SUPPORT, FACULTY SUPPORT AND RESEARCH | $3,000,000 |
Piscataway, NJ PURPOSE: FOSTER TECHNOLOGICAL INNOVATION AND EXCELLENCE FOR THE BENEFIT OF HUMANITY | $250,000 |
St Louis Park, MN PURPOSE: HELP WOMEN DIAGNOSED WITH BREAST CANCER | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |
David And Amy Fulton Foundation Seattle, WA | $63,197,245 | $1,065,965 |
Ronald W Naito Md Foundation Portland, OR | $42,239,889 | $5,436,826 |
Helen E Snedden Foundation Fairbanks, AK | $8,832,360 | $5,012,483 |
The Renaissance Foundation Lake Oswego, OR | $17,519,986 | $2,588,304 |