Paaia Fund FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Since 2007Arts & CultureEIN 26-0551428Revenue $523K in FY2023

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.
88¢ of each $1 spent went to programs.
$112K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
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: 2.4 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
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$523K
-4% vs prior year
Spent
$658K
To programs
88%
Net assets
$182K
By yearFY2020–FY2025
Revenue
$523K
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$567K
FY2021$726K
FY2022$542K
FY2023$523K
FY2024$643K
FY2025$669K
Expenses
$658K
FY2023▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$683K
FY2021$565K
FY2022$530K
FY2023$658K
FY2024$643K
FY2025$664K
Net assets
$182K
FY2023▼ -43%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

88 cents of each dollar spent went to programs.

Program services 88% · $578K Management & general 7% · $46K Fundraising 5% · $34K

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

11 people listed on the 990; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director, Secretary
$112,010Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $578K · in their own filed words · FY2023
01

See Schedule O

$578Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$523K
Ln 12
Gifts and grantsLn 1h$462K
Fees for servicesLn 2g$61K
Investment incomeLn 3$100
Money outPt IX
$658K
Ln 25
Programscol B$578K
Managementcol C$46K
Fundraisingcol D$34K
Owns and owesPt X
$182K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$185K
LiabilitiesLn 26$3K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$462K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$61K
Investment incomeLn 3$100
Gains on assetsLn 7$100
Total revenueLn 12$523K
Assets in detailPt X, end of year
CashLn 1$134K
Cash and savings togetherLn 1–2$134K
Other assetsLn 15$3K
Total assetsLn 16$185K
LiabilitiesLn 26$3K
Net assetsLn 32$182K
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 FY23End FY23
Cash and savingsLn 1–2$274K$134K
Total assetsLn 16$319K$185K
LiabilitiesLn 26$2K$3K
Net assetsLn 32$317K$182K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$158K$137K$10K$10K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$217K$187K$15K$15K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$15K$12K$1K$1K
Payroll taxesLn 10$31K$26K$3K$3K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$23K$18K$2K$2K
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$287$83$0$204
Office expensesLn 13$963$771$96$96
Information technologyLn 14$4K$3K$361$361
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$21K$17K$2K$2K
TravelLn 17$35K$35K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$89K$89K$0$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$4K$2K$2K$0
Other expenses (24a–d)Ln 24$45K$40K$4K$33
All other expensesLn 24e$16K$10K$6K$27
Total functional expensesLn 25$658K$578K$46K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $669K$664K$5K$187K 990 PDF
FY2024 $643K$643K−$112$182K 990 PDF
FY2023 Viewing $523K$658K−$135K$182K 990 PDF
FY2022 $542K$530K$12K$317K 990 PDF
FY2021 $726K$565K$161K$305K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $522,750 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,262$461,971
I-9 Program service revenuePrior year $42,400$60,679
I-10 Investment incomePrior year −$389$100
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $542,273$522,750
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $352,699$420,900
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $177,570$236,718
I-18 Total expensesPrior year $530,269$657,618
I-19 Revenue less expensesPrior year $12,004−$134,868
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $522,750 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$16,000
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$445,971
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$461,971
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,679 · Unrelated business $0 · Excluded from tax $0$60,679
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $100$100
VIII-12 Total revenueRelated to mission $60,679 · Unrelated business $0 · Excluded from tax $100$522,750
Part IX · Statement of functional expenses $657,618 across 27 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $137,113 · Management $10,319 · Fundraising $10,319$157,751
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $187,224 · Management $15,026 · Fundraising $15,026$217,276
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $12,185 · Management $1,175 · Fundraising $1,175$14,535
IX-10 Payroll taxesPrograms $26,148 · Management $2,595 · Fundraising $2,595$31,338
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $18,036 · Management $2,254 · Fundraising $2,254$22,544
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 $83 · Management $0 · Fundraising $204$287
IX-13 Office expensesPrograms $771 · Management $96 · Fundraising $96$963
IX-14 Information technologyPrograms $2,886 · Management $361 · Fundraising $361$3,608
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $17,086 · Management $2,136 · Fundraising $2,136$21,358
IX-17 TravelPrograms $34,760 · Management $0 · Fundraising $0$34,760
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $89,389 · Management $0 · Fundraising $0$89,389
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 $1,929 · Management $1,722 · Fundraising $0$3,651
IX-24 Other expenses (24a–d)Programs $40,476 · Management $4,064 · Fundraising $33$44,573
IX-24e All other expensesPrograms $9,517 · Management $6,041 · Fundraising $27$15,585
IX-25 Total functional expensesPrograms $577,603 · Management $45,789 · Fundraising $34,226$657,618
Part X · Balance sheet $185,154 assets, 14 lines filed
Asset lines not itemized here account for $43,026; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $274,375$134,128
X-4 Accounts receivableStart of year $5,000$5,000
X-15 Other assetsStart of year $3,000$3,000
X-16 Total assetsStart of year $319,366$185,154
X-17 Accounts payable and accrued expensesStart of year $2,431$3,087
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 $2,431$3,087
X-27 Net assets without donor restrictionsStart of year $280,805$182,067
X-28 Net assets with donor restrictionsStart of year $36,130$0
X-32 Total net assets or fund balancesStart of year $316,935$182,067
X-33 Total liabilities and net assetsStart of year $319,366$185,154
Part XI · Reconciliation of net assets $182,067 net assets at year end
XI-1 Total revenue$522,750
XI-2 Total expenses$657,618
XI-3 Revenue less expenses−$134,868
XI-4 Net assets at start of year$316,935
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$182,067

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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