Farhang Foundation EIN 26-1574533 Form 990 (PDF) Claim this org

Farhang Foundation FY2023 filing

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Celebrates and promotes Iranian art and culture for community benefit. For fiscal year 2023 it reported $5.3M in revenue, $1.8M in expenses, and $5.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Glendale, CA
Website
www.farhang.org
Filings
6 on file (2020–2023)
Revenue
$5.3MFY2023
Expenses
$1.8M
Net assets
$5.5M
People
20
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-1574533 Public charity (501(c)(3)) Glendale, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/30/26 · see original: IRS
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Size
$1–10M
What they do
Celebrates and promotes Iranian art and culture for community benefit.
Leadership
Alireza Ardekani · Executive Director · $244K
Money in and out
$5.3M revenue, $1.8M expenses
Bottom line
78% program efficiency
Where the money goes · FY2023
Total revenue
$5.3M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.5M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.17 Fundraising $0.05
Program efficiency
78%
of spending reaches programs
Operating runway
17.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+66%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$5.3M
FY2023▲ +176%
Expenses
$1.8M
FY2023▲ +53%
Total assets
$5.9M
FY2023▲ +157%
Total liabilities
$384K
FY2023▲ +50%
Total revenue
$5.3M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.5M
Total assetsPt X · Ln 16$5.9M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $243K of program spending, described in the organization's own filed words · FY2022.
01

Farhang foundation joined forces with the getty villa museum in presenting the historic exhibiition persia: ancient iran and the classical world. This was the single largest exhibition of its kind showcasing anciant iran, featuring artifacts from many major musums and instituions from around the globe, including the louvre, the british…

$132Kprogram expense
02

Farhang foundation and the pacific symphony were proud to once again join forces in presenting the annual nowruz (iranian new year) concert at costa mesa's segerstrom concert hall in orange county on march 26, 2023.

$91Kprogram expense
03

Farhang foundation was proud to present the inaugural concert by the new iranshahr orchestra at zipper hall, the coluburn school of music on february 11, 2023. This incredible concert featured the iranshahr orchestra under the direction of DR.

$19Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFarhang Foundation
EINHdr · item D26-1574533
Principal addressHdr · item CGlendale, CA
WebsiteHdr · item Jwww.farhang.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P84)
Ruling yearIRS BMFMay 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$244,250Pt VII · Sec A
Trustee/Chair
$0Pt VII · Sec A
Trustee/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alireza Ardekani’s $283K as Executive Director is at the 97th percentile of top reported officer pay among 3863 $1–10M human services 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alireza Ardekani$282,820$263,559$244,250$219,199$186,050$198,684

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$5.3M
Investment income$26K
Total revenueLn 12$5.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.17 Fundraising $0.05
Program services78%$1.4M
Management & general17%$311K
Fundraising5%$85K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$2.6M
Total assetsLn 16$5.9M
Total liabilitiesLn 26$384K
Total net assetsLn 32$5.5M
Months of cash on handcomputed17.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.6M · Operating expenses/yr $1.8M
17.4 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.8M
78%
Management & General
Management & general $311K · Total expenses $1.8M
17%
Fundraising
Fundraising $85K · Total expenses $1.8M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $136K · Solicited contributions (3-yr avg) $2.8M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.3M · Total revenue $5.3M
100%
Government reliance
Government grants — · Total revenue $5.3M
Earned-income share
Program service revenue $0 · Total revenue $5.3M
0%
Investment reliance
Investment income $26K · Total revenue $5.3M
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.8M
0%
Growth & trend
Revenue growth (YoY)
This year $5.3M · Prior year $1.9M
+176%
Net-asset trend (YoY)
End of year $5.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.3M · Expenses $1.8M
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $5.9M
Net-asset ratio
Net assets $5.5M · Total assets $5.9M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alireza Ardekani · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $244K · Total expenses $1.8M
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $419K · Total expenses $1.8M
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 17%
Fundraising cost ratio 2%
Revenue growth 176%
Legal fee ratio 0.01%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$102K
Grants paid · 44 grants · $4.0M · 2019–2024
University of Southern CaliforniaCA · FY2024$2,247,460
Roudaki Orchestra INCCA · FY2024$45,000
UcsbCA · FY2024$25,000
Pacific SymphonyCA · FY2024$20,000
San Diego Museum of ArtCA · FY2024$18,500
Unitemized GrantFY2024$15,000
Evensong CollectionFY2024$10,000
The American Film InstituteCA · FY2024$10,000
South Coast Repertory INCCA · FY2024$5,500
Unitemized GrantFY2023$25,000
Pacific SymphonyCA · FY2023$20,000
UCLACA · FY2023$18,772
The UCLA FoundationCA · FY2023$15,000
Museum AssociatesCA · FY2023$10,000
Grand PerformancesCA · FY2023$10,000
Evensong CollectionFY2023$10,000
See all 44 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$3.1M revenue · ⤓ 990 PDF
FY2024$2.1M revenue · ⤓ 990 PDF
FY2023$5.3M revenue · viewing · ⤓ 990 PDF
FY2022$1.9M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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