Nour Foundation
- Assets
- $31.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 12/1985
- Data as of
- 12/2023
- EIN
- 95-3992053
Organization Overview
Nour Foundation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Nour Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nour 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, Nour Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $951.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Nour Foundation has awarded 30 individual grants totaling $625,750. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NOUR FOUNDATION EXPLORES MEANING AND COMMONALITY IN HUMAN EXPERIENCE THROUGH A MULTIDISCIPLINARY AND INTEGRATIVE APPROACH THAT BLENDS THE SCIENCES AND THE HUMANITIES IN ORDER TO PROMOTE A GREATER SPIRIT OF MUTUAL UNDERSTANDING, TOLERANCE, AND UNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NOUR FOUNDATION CONTRACTED WITH IBES, LLC TO DEVISE, OPERATE AND MAINTAIN A COMPREHENSIVE WEBSITE TO EXPLORE THE SYSTEM OF THOUGHT OF THE LATE OSTAD ELAHI FROM A HISTORICAL, PHILOSOPHICAL AND METAPHYSICAL PERSPECTIVE. THE SITE FEATURES DIDACTIC MODULES AND EDUCATIONAL COURSES THAT PROMOTE DEEPER REFLECTION ON A VARIETY OF QUESTIONS, CASE STUDIES AND EXERCISES AIMED AT BETTER UNDERSTANDING THE DIFFERENT FACETS OF OSTAD ELAHI'S PHILOSOPHY AND WRITTEN WORKS. IN ADDITION, IBES ORGANIZED AND PRESENTED A SERIES OF VIRTUAL EDUCATIONAL WORKSHOPS AND SEMINARS ON THE BASIS OF THE DIDACTIC MODULES AND COURSES PRESENTED ON THE WEBSITE.
IN ADDITION TO PARTNERING WITH REPUTABLE ORGANIZATIONS TO PRESENT THOUGHT-PROVOKING LECTURE SERIES ADDRESSING A WIDE RANGE OF ISSUES CONCERNING THE PERENNIAL QUESTIONS OF HUMAN EXISTENCE, THE FOUNDATION ALSO REGULARLY ORGANIZES AND PRESENTS SEMINARS, CLASSES AND WORKSHOPS OF VARIOUS SIZES ON THE UNDERSTANDING AND APPLICATION OF ETHICS IN THE CONTEXT OF MODERN-DAY LIFE IN THE 21ST CENTURY. IN PARTICULAR, THE FOUNDATION EXPLORES SOME OF THE CORE PRINCIPLES UNDERLYING THE INCLUSIVE PHILOSOPHY AND THOUGHT OF THE LATE OSTAD ELAHI (1895-1974) AND HIS INNOVATIVE APPROACH TO THE PURSUIT OF SELF-KNOWLEDGE AND EXISTENTIAL MEANING.
THE FOUNDATION ORGANIZED AND PRESENTED TWO PANEL DISCUSSIONS AT THE NEW YORK ACADEMY OF MEDICINE IN JANUARY AND FEBRUARY OF 2023 ON THE TOPICS OF "FATHOMING THE MIND: A CLOSER LOOK AT THE FORMATION OF SELF AND "CULTIVATING THE MIND: REASON AND THE PURSUIT OF ETHICAL TRANSFORMATION" BY LEADING SCIENTISTS AND SCHOLARS IN THE FIELD. THESE DISCUSSIONS ARE AVAILABLE FOR VIEWING ON THE FOUNDATION'S WEBSITE AND YOUTUBE CHANNEL.
THE FOUNDATION ORGANIZED AND PRESENTED A SERIES OF CONVERSATIONS AT THE MORGAN LIBRARY AND MUSEUM ON THE SUBJECT OF "SPIRITUALITY IN THE AGE OF SCIENCE: CONVERSATIONS ON GOD, TRANSCENDENCE, AND MORTALITY." THE FIRST EVENT WAS HELD ON OCTOBER 10, 2023 ON "THE SPIRITUAL IMPULSE: UNDERSTANDING THE EXPERIENCE OF GOD" WITH ANTHROPOLOGIST TANYA LUHRMANN." THE SECOND EVENT WAS HELD ON DECEMBER 5, 2023 ON "SPIRITUAL MATERIALISM: TRANSCENDENT ENCOUNTERS WITH THE SACRED" WITH PHYSICIST ALAN LIGHTMAN. BOTH CONVERSATIONS ARE AVAILABLE FOR VIEWING THROUGH THE FOUNDATION'S WEBSITE AND YOUTUBE CHANNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Hauptman President | OfficerTrustee | 6 | $0 |
Farzin Azarm Vice President | OfficerTrustee | 6 | $0 |
Reza Yassari Secretary | OfficerTrustee | 6 | $0 |
Kim Azzarelli Treasurer | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,240,660 |
| Noncash contributions included in lines 1a–1f | $15,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,240,660 |
| Total Program Service Revenue | $2,440 |
| Investment income | $681,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,376 |
| Net Rental Income | -$6,696 |
| Net Gain/Loss on Asset Sales | $141,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,060,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| Grants and other assistance to domestic individuals. | $3,804 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,701 |
| Fees for services: Accounting | $22,277 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,653 |
| Fees for services: Other | $11,850 |
| Advertising and promotion | $309 |
| Office expenses | $413 |
| Information technology | $49,665 |
| Royalties | $0 |
| Occupancy | $27,115 |
| Travel | $13,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,280 |
| Insurance | $22,908 |
| All other expenses | $66,058 |
| Total functional expenses | $951,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,307 |
| Net Land, buildings, and equipment | $913,629 |
| Investments—publicly traded securities | $27,056,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,015,786 |
| Total assets | $31,199,523 |
| Accounts payable and accrued expenses | $25,951 |
| Grants payable | $0 |
| Deferred revenue | $6,050 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,450 |
| Total liabilities | $56,451 |
| Net assets without donor restrictions | $31,143,072 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,199,523 |
Grants Awarded
Over the last fiscal year, Nour Foundation has awarded $85,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: TO FINANCIALLY ASSIST VULNERABLE WOMEN, CHILDREN AND FAMILIES WHO ARE IN DIRE NEED OF BASIC SERVICES | $15,000 |
US FUND FOR UNICEF PURPOSE: TO FINANCIALLY ASSIST VULNERABLE CHILDREN POPULATIONS IN DEVELOPING COUNTRIES IN NEED OF BASIC SERVICES | $15,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: TO SUPPORT ONGOING EXHIBITION OF MUSICAL INSTRUMENTS OF OSTAD ELAHI AND RELATED PROGRAMMING | $35,000 |
HAGAR USA INC PURPOSE: TO FINANCIALLY ASSIST VULNERABLE CHILDREN WHO HAVE BEEN VICTIMS OF HUMAN AND SEX TRAFFICKING | $20,000 |