Momeni Foundation
- Assets
- $415.8k
- Revenue
- $40.7k
- Investments
- $405.3k
- Employees
- 0
- Location
- Portland, OR
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 93-1317612
Organization Overview
Momeni Foundation is located in Portland, OR. The organization was established in 2001. 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. Momeni 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, Momeni Foundation generated $40.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $21.6k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO COLLEGE STUDENTS OF IRANIAN DESCENT. SEE MOMENIFOUNDATION.ORG FOR A COMPLETE LIST OF RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jasmine Ahrndt President | 1 | $0 | |
Camron Momeni Director | 1 | $0 | |
Moji Momeni Treasurer Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,302 |
| Dividends & Interest | $1,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,977 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $54 |
| Contributions, gifts, grants paid | $21,500 |
| Total expenses and disbursements | $21,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,554 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $415,805 |
| 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, Momeni Foundation has awarded $49,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON STATE UNIVERSITY PURPOSE: SCHOLARSHIP ELIJAH DELAVAR | $1,000 |
TULANE UNIVERSITY PURPOSE: SCHOLARSHIP SAMANTHA GREEN | $1,000 |
UNIVERSITY OF VIRGINIA PURPOSE: SCHOLARSHIP ALIREZA NILFOROUSH | $1,000 |
YALE UNIVERSITY PURPOSE: SCHOLARSHIP FOR NICOLE MASSOUMI $1000 ARMIN DANESHBODI $3000 | $4,000 |
STANFORD UNIVERSITY PURPOSE: SCHOLARSHIP TARANEH SOTOUDEH RIAZI | $3,500 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIP FARAMARZ ABOUTALEBI | $3,000 |