Paaia Fund FY2020 filing

Tax-deductible

Washington, DC501(c)(3)Since 2007Arts & CultureEIN 26-0551428Revenue $567K in FY2020

On file with the IRSpaaia.org601 13th St Nw 12th Floor, 20005-3819 · Washington, DCTax-exempt since Jul 2008Publicly supported charity — 170(b)(1)(A)(vi)

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PAAIA Fund is organized and operated to educate the American political establishment, media and public about the community of Iranian-Americans and to foster greater understanding of the Iranian-American community and its Persian Heritage.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $12K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $270K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$567K
Spent
$683K
To programs
85%
Net assets
$163K
By yearFY2020–FY2025
Revenue
$567K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$567K
FY2021$726K
FY2022$542K
FY2023$523K
FY2024$643K
FY2025$669K
Expenses
$683K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$683K
FY2021$565K
FY2022$530K
FY2023$658K
FY2024$643K
FY2025$664K
Net assets
$163K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$163K
FY2021$305K
FY2022$317K
FY2023$182K
FY2024$182K
FY2025$187K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $582K Management & general 8% · $57K Fundraising 6% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec. Dir./Sec.
$115,303Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Neda Bolourchi’s $146K as Executive Director, Secretary is at the 98th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Neda Bolourchi$145,500$155,500$112,010———
Leila Austin———$117,637$117,637$115,303

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Paaia Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes understanding of the Iranian-American community.

Provided by the organization

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1 program · $582K · in their own filed words · FY2020
01

See Schedule O

$582Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$567K
Ln 12
Gifts and grantsLn 1h$543K
Fees for servicesLn 2g$24K
Money outPt IX
$683K
Ln 25
Programscol B$582K
Managementcol C$57K
Fundraisingcol D$43K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$87K
Total assetsLn 16$168K
LiabilitiesLn 26$5K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$543K
Government grantsLn 1e$59K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$24K
Total revenueLn 12$567K
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$0
Cash and savings togetherLn 1–2$87K
InvestmentsLn 11–13$0
Other assetsLn 15$3K
Total assetsLn 16$168K
LiabilitiesLn 26$5K
Net assetsLn 32$163K
OperationsPt I, VI
EmployeesI 55
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$213K$87K
InvestmentsLn 11–13$0$0
Total assetsLn 16$288K$168K
LiabilitiesLn 26$9K$5K
Net assetsLn 32$279K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$58K$58K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$115K$92K$12K$12K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$155K$124K$15K$15K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$9K$7K$925$924
Payroll taxesLn 10$25K$20K$2K$2K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$64K$51K$6K$6K
Accounting feesLn 11c$15K$12K$1K$1K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$223$0$112$111
Office expensesLn 13$715$572$72$71
Information technologyLn 14$4K$3K$431$432
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$37K$30K$4K$4K
TravelLn 17$5K$4K$935$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$11K$9K$1K$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$166K$161K$5K$0
All other expensesLn 24e$17K$10K$6K$648
Total functional expensesLn 25$683K$582K$57K$43K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $669K$664K$5K$187K 990 PDF
FY2024 $643K$643K−$112$182K 990 PDF
FY2023 $523K$658K−$135K$182K 990 PDF
FY2022 $542K$530K$12K$317K 990 PDF
FY2021 $726K$565K$161K$305K 990 PDF
FY2020 Viewing $567K$683K−$116K$163K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $567,312 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $553,755$543,485
I-9 Program service revenuePrior year $52,199$23,827
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $605,954$567,312
I-13 Grants and similar amounts paidPrior year $0$57,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $304,431$303,889
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $432,381$321,725
I-18 Total expensesPrior year $736,812$683,114
I-19 Revenue less expensesPrior year −$130,858−$115,802
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $567,312 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$19,000
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$59,077
VIII-1f All other contributions, gifts and grants$465,408
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$543,485
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,827 · Unrelated business $0 · Excluded from tax $0$23,827
VIII-12 Total revenueRelated to mission $23,827 · Unrelated business $0 · Excluded from tax $0$567,312
Part IX · Statement of functional expenses $683,114 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $57,500$57,500
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $92,242 · Management $11,530 · Fundraising $11,531$115,303
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $123,802 · Management $15,475 · Fundraising $15,475$154,752
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $7,398 · Management $925 · Fundraising $924$9,247
IX-10 Payroll taxesPrograms $19,670 · Management $2,459 · Fundraising $2,458$24,587
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $51,366 · Management $6,420 · Fundraising $6,420$64,206
IX-11c Accounting feesPrograms $11,926 · Management $1,491 · Fundraising $1,490$14,907
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $112 · Fundraising $111$223
IX-13 Office expensesPrograms $572 · Management $72 · Fundraising $71$715
IX-14 Information technologyPrograms $3,497 · Management $431 · Fundraising $432$4,360
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $29,926 · Management $3,741 · Fundraising $3,741$37,408
IX-17 TravelPrograms $3,595 · Management $935 · Fundraising $0$4,530
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $9,372 · Management $1,236 · Fundraising $0$10,608
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $1,722 · Fundraising $0$1,722
IX-24 Other expenses (24a–d)Programs $161,284 · Management $4,718 · Fundraising $0$166,002
IX-24e All other expensesPrograms $10,166 · Management $6,230 · Fundraising $648$17,044
IX-25 Total functional expensesPrograms $582,316 · Management $57,497 · Fundraising $43,301$683,114
Part X · Balance sheet $168,005 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $212,503$87,470
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $5,997$76,305
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,196$1,230
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $3,000$3,000
X-16 Total assetsStart of year $287,819$168,005
X-17 Accounts payable and accrued expensesStart of year $9,012$5,000
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $9,012$5,000
X-27 Net assets without donor restrictionsStart of year $278,807$163,005
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $278,807$163,005
X-33 Total liabilities and net assetsStart of year $287,819$168,005
Part XI · Reconciliation of net assets $163,005 net assets at year end
XI-1 Total revenue$567,312
XI-2 Total expenses$683,114
XI-3 Revenue less expenses−$115,802
XI-4 Net assets at start of year$278,807
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$163,005

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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