Nazem Family Foundation Inc

New York, NY
Tax-exempt since Feb. 1996
EIN: 11-3241976

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$34.8k (2024)

Expenses

$39.4k (2024)

Total Assets

$672k (2024)

Total Liabilities

$3.8k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2024

Revenue

$34,762

Expenses

$39,388

Net Income

-$4,626

Net Assets

$668,290

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$33,192	95.5%
Other Income	$1,570	4.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,900	83.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$672,090
Total Liabilities	$3,800
Net Assets	$668,290

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on March 18, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2023

Revenue

$112,889

Expenses

$29,865

Net Income

$83,024

Net Assets

$512,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$109,887	97.3%
Other Income	$3,002	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,525	88.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$557,394
Total Liabilities	$45,000
Net Assets	$512,394

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on Sept. 3, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2022

Revenue

$24,438

Expenses

$25,178

Net Income

-$740

Net Assets

$743,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$22,970	94.0%
Other Income	$1,468	6.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,000	87.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$761,945
Total Liabilities	$18,500
Net Assets	$743,445

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on March 6, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2021

Revenue

-$9,405

Expenses

$22,938

Net Income

-$32,343

Net Assets

$597,874

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1
Dividends	$0
Sales of Assets	-$13,189
Other Income	$3,783

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	87.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$636,374
Total Liabilities	$38,500
Net Assets	$597,874

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on Feb. 22, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Nov.
2020

Revenue

$1,282

Expenses

$25,339

Net Income

-$24,057

Net Assets

$490,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.2%
Dividends	$0
Sales of Assets	$0
Other Income	$1,280	99.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,400	88.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$519,292
Total Liabilities	$28,500
Net Assets	$490,792

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on March 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2019

Revenue

$1,415

Expenses

$19,521

Net Income

-$18,106

Net Assets

$407,827

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$1,415	100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,500	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$414,327
Total Liabilities	$6,500
Net Assets	$407,827

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on March 3, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2018

Revenue

-$15,665

Expenses

$45,365

Net Income

-$61,030

Net Assets

$445,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1
Dividends	$2,657
Sales of Assets	-$25,277
Other Income	$6,954

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,250	93.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$484,382
Total Liabilities	$38,500
Net Assets	$445,882

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on Jan. 31, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2017

Revenue

$18,999

Expenses

$52,288

Net Income

-$33,289

Net Assets

$415,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$9,321	49.1%
Sales of Assets	$0
Other Income	$9,677	50.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,200	94.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$448,721
Total Liabilities	$33,500
Net Assets	$415,221

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on March 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Nov.
2016

Revenue

$7,340

Expenses

$67,855

Net Income

-$60,515

Net Assets

$477,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$11,515	> 100%
Sales of Assets	-$8,976
Other Income	$4,800	65.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,800	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$506,466
Total Liabilities	$28,500
Net Assets	$477,966

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on Sept. 5, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2015

Revenue

$4,131

Expenses

$53,700

Net Income

-$49,569

Net Assets

$508,743

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$8,175	> 100%
Sales of Assets	-$8,905
Other Income	$4,859	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,400	90.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$512,243
Total Liabilities	$3,500
Net Assets	$508,743

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (President And Director)	$0	$0
Susie Gharib Nazem (Treasurer And Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on March 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2014

Revenue

$13,251

Expenses

$76,600

Net Income

-$63,349

Net Assets

$495,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$10,804	81.5%
Sales of Assets	$0
Other Income	$2,445	18.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,800	96.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$499,201
Total Liabilities	$3,500
Net Assets	$495,701

Compensation

Key Employees and Officers	Compensation	Other
Fred Nazem (Director)	$0	$0
Susie Gharib Nazem (Director)	$0	$0
Taraneh Nazem (Director)	$0	$0
Alexander Nazem (Director)	$0	$0

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990-PF

Filed on May 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2013

Revenue

-$24,796

Expenses

$45,946

Net Income

-$70,742

Net Assets

$501,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2
Dividends	$13,370
Sales of Assets	$0
Other Income	-$38,168

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,325	94.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$505,074
Total Liabilities	$3,500
Net Assets	$501,574

990-PF

Filed on April 3, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2012

Revenue

-$36,539

Expenses

$84,447

Net Income

-$120,986

Net Assets

$594,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1
Dividends	$21,197
Sales of Assets	$0
Other Income	-$57,737

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,800	96.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$598,182
Total Liabilities	$3,500
Net Assets	$594,682

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

-$2,401

Expenses

$32,939

Net Income

-$35,340

Net Assets

$800,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2
Dividends	$14,565
Sales of Assets	$0
Other Income	-$16,968

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,939	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$803,957
Total Liabilities	$3,500
Net Assets	$800,457

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Nazem Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $34.8k (2024)

Expenses $39.4k (2024)

Total Assets $672k (2024)

Total Liabilities $3.8k (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$34.8k (2024)

Expenses

$39.4k (2024)

Total Assets

$672k (2024)

Total Liabilities

$3.8k (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001