Nazarian Family Foundation Inc
Nazarian Family Foundation consistently operates without officer compensation, drawing on substantial assets amidst fluctuating revenues.
EIN: 112889824 · Englewood Cliffs, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $883K |
| Total Expenses | $907K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.0M |
| Transparency Score | 85/100 |
Is Nazarian Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nazarian Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nazarian Family Foundation Inc
Nazarian Family Foundation Inc (EIN: 112889824) is a nonprofit organization based in Englewood Cliffs, NJ. The organization reported total revenue of $883K and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nazarian Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nazarian Family Foundation Inc is a small nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $388K |
| Total Expenses | $907K |
| Surplus / Deficit | $-518,800 |
| Total Assets | $5.0M |
| Total Liabilities | $1 |
| Net Assets | $5.0M |
| Operating Margin | -133.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 66.2 months |
Financial Health Grade: B
In 2023, Nazarian Family Foundation Inc reported a deficit of $519K with expenses exceeding revenue, holds 66.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Nazarian Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.0% | +13.1% | -9.4% |
| 2022 | -19.2% | +33.3% | -4.2% |
| 2020 | -117.6% | -5.7% | -15.4% |
| 2019 | -40.8% | +72.4% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nazarian Family Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Nazarian Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $519K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization of its size with assets nearing $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Nazarian Family Foundation Inc's IRS 990 filings:
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns (e.g., 2023: Revenue $387,994, Expenses $906,794; 2022: Revenue $562,186, Expenses $801,438).
- Negative revenue reported in some periods (e.g., 2020: $-143,653; 2012: $-19,425), which could indicate investment losses or significant returns/adjustments.
Strengths
The following positive indicators were identified for Nazarian Family Foundation Inc:
- Zero officer compensation across all reported periods, demonstrating a strong commitment to directing funds to the mission.
- Substantial asset base ($4,949,578 in latest filing) provides financial stability and capacity to fund initiatives even during periods of lower revenue.
- Extremely low liabilities ($1 consistently) indicates excellent financial management and minimal debt.
- Consistent filing history (10 filings) suggests good compliance and transparency in reporting.
Frequently Asked Questions about Nazarian Family Foundation Inc
Is Nazarian Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nazarian Family Foundation Inc (EIN: 112889824) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Nazarian Family Foundation Inc spend its money?
Nazarian Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nazarian Family Foundation Inc tax-deductible?
Nazarian Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112889824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nazarian Family Foundation Inc CEO make?
Nazarian Family Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $883K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Nazarian Family Foundation Inc located?
Nazarian Family Foundation Inc is headquartered in Englewood Cliffs, New Jersey and files with the IRS under EIN 112889824.
How many years of IRS 990 filings does Nazarian Family Foundation Inc have?
Nazarian Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $883K in total revenue.
How does the Nazarian Family Foundation Inc. manage its program expenses given the fluctuating revenue?
The foundation appears to manage program expenses by utilizing its substantial asset base. For example, in 2023, expenses of $906,794 significantly exceeded revenue of $387,994, indicating a draw from its $5,003,089 in assets to cover costs.
What is the typical annual spending of the foundation?
The annual expenses have varied significantly, ranging from a low of $292,179 in 2011 to a high of $1,585,661 in 2013, with recent years (2022-2023) showing expenses around $800,000-$900,000.
Does the foundation have significant debt?
No, the foundation consistently reports liabilities of only $1 across all available filings, indicating virtually no debt.
Filing History
IRS 990 filing history for Nazarian Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nazarian Family Foundation Inc's revenue has declined by 26.1%, moving from $525K to $388K. Total assets decreased by 27.1% over the same period, from $6.9M to $5.0M. Total functional expenses rose by 210.4%, from $292K to $907K. In its most recent filing year (2023), Nazarian Family Foundation Inc reported a deficit of $519K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $388K | $907K | $5.0M | $1 | — | View 990 |
| 2022 | $562K | $801K | $5.5M | $1 | — | View 990 |
| 2021 | $696K | $601K | $5.8M | $1 | — | View 990 |
| 2020 | $-143,653 | $885K | $5.7M | $1 | — | View 990 |
| 2019 | $816K | $938K | $6.7M | $1 | — | — |
| 2015 | $1.4M | $544K | $7.6M | $1 | — | View 990 |
| 2014 | $1.1M | $452K | $6.7M | $1 | — | View 990 |
| 2013 | $1.3M | $1.6M | $6.1M | $1 | — | View 990 |
| 2012 | $-19,425 | $412K | $6.4M | $1 | — | View 990 |
| 2011 | $525K | $292K | $6.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $388K, expenses of $907K, and assets of $5.0M (revenue -31.0% year-over-year).
- 2022: Revenue of $562K, expenses of $801K, and assets of $5.5M (revenue -19.2% year-over-year).
- 2021: Revenue of $696K, expenses of $601K, and assets of $5.8M.
- 2020: Revenue of $-143,653, expenses of $885K, and assets of $5.7M (revenue -117.6% year-over-year).
- 2019: Revenue of $816K, expenses of $938K, and assets of $6.7M (revenue -40.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $544K, and assets of $7.6M (revenue +28.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $452K, and assets of $6.7M (revenue -14.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.6M, and assets of $6.1M.
- 2012: Revenue of $-19,425, expenses of $412K, and assets of $6.4M (revenue -103.7% year-over-year).
- 2011: Revenue of $525K, expenses of $292K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nazarian Family Foundation Inc:
Data Sources and Methodology
This transparency report for Nazarian Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.