Mara Foundation EIN 84-2466729 Form 990 (PDF) Claim this org

Mara Foundation FY2023 filing

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Encourages promising young people in arts and sciences, and promotes women's rights and artistic contributions. For fiscal year 2023 it reported $633K in revenue, $683K in expenses, and $11K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Los Angeles, CA
Filings
5 on file (2020–2023)
Revenue
$633KFY2023
Expenses
$683K
Net assets
$11K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-2466729 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Encourages promising young people in arts and sciences, and promotes women's rights and artistic contributions.
Leadership
Kouroash Pourhabib · President
Money in and out
$633K revenue, $683K expenses
Bottom line
92% program efficiency
Where the money goes · FY2023
Total revenue
$633K
Pt VIII · Ln 12
Total expenses
$683K
Pt IX · Ln 25
Net assets
$11K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$50K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$633K
FY2023▲ +10%
Expenses
$683K
FY2023▲ +24%
Total assets
$11K
FY2023▼ -82%
Total liabilities
$0
FY2023
Total revenue
$633K
Pt VIII · Ln 12
Total expenses
$683K
Pt IX · Ln 25
Net assets
$11K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$50K
Total assetsPt X · Ln 16$11K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMara Foundation
EINHdr · item D84-2466729
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A

Lihi Benisty’s $15K as Executive Director is at the 11th percentile of top reported officer pay among 2213 $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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $631K of program spending, described in the organization's own filed words · FY2023.
01

The fellowship promotes each symposium through its website at HTTPS://WWW.JERICHOFELLOWSHIP.COM. As even established (not to mention young up-and-coming) artists usually struggle financially and have limited means, the foundation fully funds the venue, insurance, dinner expenses, and other costs of each symposium, so that there is no…

$494Kprogram expense
02

As an adjunct event to the jericho fellowship, academy was launched in 2023 and hosted its inaugural multi-day event with young promising artists in the film industry, all under the age of 18.

$137Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$633K
Total revenueLn 12$633K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$631K
Management & general8%$52K
Total functional expensesLn 25$683K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$11K
Total liabilitiesLn 26$0
Total net assetsLn 32$11K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses/yr $683K
0.2 months
Where the money goes
Program services
Program services $631K · Total expenses $683K
92%
Management & General
Management & general $52K · Total expenses $683K
8%
Fundraising
Fundraising $0 · Total expenses $683K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $604K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $633K · Total revenue $633K
100%
Government reliance
Government grants — · Total revenue $633K
Earned-income share
Program service revenue $0 · Total revenue $633K
0%
Investment reliance
Investment income $0 · Total revenue $633K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $683K
0%
Growth & trend
Revenue growth (YoY)
This year $633K · Prior year $575K
+10%
Net-asset trend (YoY)
End of year $11K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $633K · Expenses $683K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $11K
Net-asset ratio
Net assets $11K · Total assets $11K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kouroash Pourhabib · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $683K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $683K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 10%
Legal fee ratio 3%
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 · FY2023
Total grants receivedfrom 1 funder$500K
Grants paid · 1 grant · $25K · 2022–2022
Unitemized GrantFY2022$25,284

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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
FY2024 (Latest)$170K revenue · ⤓ 990 PDF
FY2023$633K revenue · viewing · ⤓ 990 PDF
FY2022$575K revenue · ⤓ 990 PDF
FY2021$28K revenue · ⤓ 990 PDF
FY2020$55K 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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