Rezvan Foundation for the Excellence

Tax-deductible

Gilroy, CA501(c)(3)Since 2015Foundations & GrantmakersEIN 81-0810674Revenue $170K in FY2025

On file with the IRSrezvanfoundation.com7888 Wren Ave Suite B-120, 95020-4964 · Gilroy, CATax-exempt since Feb 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The Rezvan Foundation provides scholarships to exceptionally talented young students who have spent time in foster care.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Run by 5 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 3
filings with a surplus
Average surplus $20K a year · 12% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $58K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$170K
+170% vs prior year
Spent
$83K
To programs
58%
Net assets
$130K
By yearFY2020–FY2025
Revenue
$170K
FY2025▲ +170%
Tap a bar for its year
Revenue by fiscal year
FY2020$247K
FY2021$64K
FY2022$115K
FY2023$196K
FY2024$63K
FY2025$170K
Expenses
$83K
FY2025▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$150K
FY2022Not on file
FY2023Not on file
FY2024Not on file
FY2025$83K
Net assets
$130K
FY2025▲ +202%
Tap a bar for its year
Net assets by fiscal year
FY2020$291K
FY2021$205K
FY2022$133K
FY2023$118K
FY2024$43K
FY2025$130K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2016.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $48K Management & general 42% · $35K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rezvan Foundation for the Excellence 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers underprivileged youth with educational opportunities to foster unlimited success.

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Provided by the organization

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1 program · $48K · in their own filed words · FY2025
01

The organization awards college scholarships to graduating high school students who, in spite of formative years filled with significant hardships, have shown a determination to succeed and a desire to be a service to others.

$48Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$58K
Grants paid · 2 grants · $24K · 2025–2025
UCLACA · FY2025$16,402
Appalachian State UniversityFY2025$7,562

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$170K
Ln 12
Gifts and grantsLn 1h$190K
Money outPt IX
$83K
Ln 25
Programscol B$48K
Managementcol C$35K
Owns and owesPt X
$130K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$134K
LiabilitiesLn 26$4K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$190K
Fundraising eventsLn 1c$190K
Gains on assetsLn 7$0
Total revenueLn 12$170K
Assets in detailPt X, end of year
CashLn 1$134K
SavingsLn 2$0
Cash and savings togetherLn 1–2$134K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$134K
LiabilitiesLn 26$4K
Net assetsLn 32$130K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$45K$134K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$164$0
Total assetsLn 16$45K$134K
LiabilitiesLn 26$3K$4K
Net assetsLn 32$43K$130K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$700$700
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$159$159
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$164$164
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$24K$11K$13K
All other expensesLn 24e$0
Total functional expensesLn 25$83K$48K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $170K$83K$87K$130K 990 PDF
FY2024 $63K$43K 990 PDF
FY2023 $196K$118K 990 PDF
FY2022 $115K$133K 990 PDF
FY2021 $64K$150K−$86K$205K 990 PDF
FY2020 $247K$189K$58K$291K 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 FY2025 990 (6 parts)
Part I · Summary $169,593 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,859$190,428
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue−$20,835
I-12 Total revenuePrior year $62,859$169,593
I-13 Grants and similar amounts paidPrior year $49,264$36,389
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,805$859
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $63,605$45,638
I-18 Total expensesPrior year $137,674$82,886
I-19 Revenue less expensesPrior year −$74,815$86,707
Part VI · Governance 2 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $169,593 across 8 lines filed
VIII-1c Fundraising events$190,428
VIII-1h Total contributions, gifts and grants$190,428
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$20,835
VIII-12 Total revenue$169,593
Part IX · Statement of functional expenses $82,886 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $36,389$36,389
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $700$700
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $159$159
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $14,954$14,954
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $6,372$6,372
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $164$164
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $10,865 · Management $13,283$24,148
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $48,113 · Management $34,773 · Fundraising $0$82,886
Part X · Balance sheet $133,529 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $45,276$133,529
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $164$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $45,440$133,529
X-25 Other liabilitiesStart of year $2,566$3,948
X-26 Total liabilitiesStart of year $2,566$3,948
X-27 Net assets without donor restrictionsStart of year $42,874$129,581
X-32 Total net assets or fund balancesStart of year $42,874$129,581
X-33 Total liabilities and net assetsStart of year $45,440$133,529
Part XI · Reconciliation of net assets $129,581 net assets at year end
XI-1 Total revenue$169,593
XI-2 Total expenses$82,886
XI-3 Revenue less expenses$86,707
XI-4 Net assets at start of year$42,874
XI-10 Net assets at end of year$129,581

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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