Kahrizak Foundation FY2022 filing

Tax-deductible

Saratoga, CA501(c)(3)Human ServicesEIN 95-4463572Revenue $897K in FY2022

On file with the IRSnooractiveliving.org18632 Vessing CT, 95070-5666 · Saratoga, CATax-exempt since Jun 1999Publicly supported charity — 170(b)(1)(A)(vi)

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The foundations's primary exempt purpose is to provide assisted living for the under privileged elderly men, women.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $83K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$897K
-2% vs prior year
Spent
$912K
To programs
96%
Net assets
$2.8M
By yearFY2020–FY2024
Revenue
$897K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$892K
FY2021$920K
FY2022$897K
FY2023$1.1M
FY2024$604K
Expenses
$912K
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$929K
FY2021$900K
FY2022$912K
FY2023$930K
FY2024$1.1M
Net assets
$2.8M
FY2022▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.8M
FY2022$2.8M
FY2023$2.9M
FY2024$2.4M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1999.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $877K Management & general 4% · $36K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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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

Provides assisted living for underprivileged elderly men and women.

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Provided by the organization

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1 program · $876K · in their own filed words · FY2022
01

The organization is providing assisted living residences under the license from the state of california department of social services. Presently the foundation is providing assisted living residences to 13 under privileged individuals and intends to increase the residents to 32 individuals.

$876Kprogram 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
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$897K
Ln 12
Fees for servicesLn 2g$633K
Gifts and grantsLn 1h$264K
Money outPt IX
$912K
Ln 25
Programscol B$877K
Managementcol C$36K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$304K
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$264K
Fees for servicesLn 2g$633K
Total revenueLn 12$897K
Assets in detailPt X, end of year
CashLn 1$304K
Cash and savings togetherLn 1–2$304K
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$2K
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 521
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 FY22End FY22
Cash and savingsLn 1–2$310K$304K
Land, buildings, equipmentLn 10c$2.5M$2.5M
Total assetsLn 16$2.8M$2.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.8M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$586K$586K
Payroll taxesLn 10$47K$47K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$23K$23K
Advertising and promotionLn 12$645$645
Office expensesLn 13$22K$4K$18K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$30K$24K$6K
Other expenses (24a–d)Ln 24$123K$122K$2K
All other expensesLn 24e$32K$31K$807
Total functional expensesLn 25$912K$877K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $604K$1.1M−$524K$2.4M 990 PDF
FY2023 $1.1M$930K$142K$2.9M 990 PDF
FY2022 Viewing $897K$912K−$15K$2.8M 990 PDF
FY2021 $920K$900K$20K$2.8M 990 PDF
FY2020 $892K$929K−$37K$2.8M 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 FY2022 990 (6 parts)
Part I · Summary $897,088 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $252,251$264,283
I-9 Program service revenuePrior year $667,341$632,805
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $919,592$897,088
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $659,509$633,595
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $240,007$278,853
I-18 Total expensesPrior year $899,516$912,448
I-19 Revenue less expensesPrior year $20,076−$15,360
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $897,088 across 4 lines filed
VIII-1f All other contributions, gifts and grants$264,283
VIII-1h Total contributions, gifts and grants$264,283
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $632,805$632,805
VIII-12 Total revenueExcluded from tax $632,805$897,088
Part IX · Statement of functional expenses $912,448 across 11 lines filed
IX-7 Other salaries and wagesPrograms $586,358$586,358
IX-10 Payroll taxesPrograms $47,237$47,237
IX-11c Accounting feesManagement $9,300$9,300
IX-11g Other fees for servicesPrograms $23,353$23,353
IX-12 Advertising and promotionPrograms $645$645
IX-13 Office expensesPrograms $4,471 · Management $17,885$22,356
IX-17 TravelPrograms $5,706$5,706
IX-22 Depreciation, depletion and amortizationPrograms $32,204$32,204
IX-23 InsurancePrograms $23,622 · Management $5,906$29,528
IX-24 Other expenses (24a–d)Programs $121,587 · Management $1,873$123,460
IX-24e All other expensesPrograms $31,494 · Management $807$32,301
IX-25 Total functional expensesPrograms $876,677 · Management $35,771 · Fundraising $0$912,448
Part X · Balance sheet $2,772,075 assets, 7 lines filed
Asset lines not itemized here account for $12,055; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $310,250$304,239
X-10c Land, buildings and equipment, netStart of year $2,474,685$2,453,281
X-15 Other assetsStart of year $2,500$2,500
X-16 Total assetsStart of year $2,787,435$2,772,075
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,787,435$2,772,075
X-33 Total liabilities and net assetsStart of year $2,787,435$2,772,075
Part XI · Reconciliation of net assets $2,772,075 net assets at year end
XI-1 Total revenue$897,088
XI-2 Total expenses$912,448
XI-3 Revenue less expenses−$15,360
XI-4 Net assets at start of year$2,787,435
XI-10 Net assets at end of year$2,772,075

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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