Homa Safaii Charitable Operating Foundation
- Assets
- $933.2k
- Revenue
- $24.9k
- Investments
- $650.0k
- Employees
- 0
- Location
- Newton, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-4060057
Organization Overview
Homa Safaii Charitable Operating Foundation is located in Newton, MA. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Homa Safaii Charitable Operating 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 12/2023, Homa Safaii Charitable Operating Foundation generated $24.9k 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 (70.4%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASIA AMERICA CIVIL ASSOCIATION ANNUAL FUND RAISING EVENT
PARTNER FOR SURGERY- DISCUSS AND DESIGN HEALTH EDUCATION FOR PREGANT WOMEN IN RURAL GUATEMALA.PROGRAM DEVELOPMENT UNDERWAY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Homa Safaii Founder/pres. | 1 | $0 | |
Amir Shahsavari Treasurer | 5 | $0 | |
Edward Scribner Trustee | 5 | $0 | |
Edward Scribner Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,850 |
| Dividends & Interest | $10,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,775 |
| Contributions, gifts, grants paid | $18,250 |
| Total expenses and disbursements | $32,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,357 |
| Savings and temporary cash investments | $214,830 |
| 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 | $600,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $933,187 |
| 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, Homa Safaii Charitable Operating Foundation has awarded $18,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNER FOR SURGERY PURPOSE: EDUCATION | $16,250 |
ASIA AMERICA CIVIL ASSOCIATION PURPOSE: EDUCATION | $2,000 |