Levon & Claudia Nazarian Family Foundation Inc

Cherry Hill, NJ
Tax-exempt since March 2002
EIN: 11-3587458

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$429k (2024)

Expenses

$418k (2024)

Total Assets

$5.28M (2024)

Total Liabilities

$0 (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 Dec.
2024

Revenue

$429,282

Expenses

$417,914

Net Income

$11,368

Net Assets

$5,281,697

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$168,598	39.3%
Sales of Assets	$260,400	60.7%
Other Income	$284	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$372,500	89.1%
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	$5,281,697
Total Liabilities	$0
Net Assets	$5,281,697

Compensation

Key Employees and Officers	Compensation	Other
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on April 8, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$180,689

Expenses

$352,483

Net Income

-$171,794

Net Assets

$5,270,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$150,946	83.5%
Sales of Assets	$29,743	16.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$310,400	88.1%
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	$5,270,329
Total Liabilities	$0
Net Assets	$5,270,329

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian Dec 082823 (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on May 13, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$272,220

Expenses

$353,568

Net Income

-$81,348

Net Assets

$5,442,123

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$163,511	60.1%
Sales of Assets	$108,205	39.7%
Other Income	$504	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$307,000	86.8%
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	$5,442,123
Total Liabilities	$0
Net Assets	$5,442,123

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on May 15, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$599,411

Expenses

$330,565

Net Income

$268,846

Net Assets

$5,523,471

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$157,844	26.3%
Sales of Assets	$440,552	73.5%
Other Income	$1,015	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$298,350	90.3%
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	$5,523,471
Total Liabilities	$0
Net Assets	$5,523,471

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on May 16, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$198,983

Expenses

$328,206

Net Income

-$129,223

Net Assets

$5,254,624

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$123,848	62.2%
Sales of Assets	$75,028	37.7%
Other Income	$107	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$297,500	90.6%
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	$5,254,625
Total Liabilities	$1
Net Assets	$5,254,624

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on Nov. 8, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$240,925

Expenses

$312,280

Net Income

-$71,355

Net Assets

$5,383,847

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$137,047	56.9%
Sales of Assets	$98,878	41.0%
Other Income	$5,000	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$267,750	85.7%
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	$5,383,848
Total Liabilities	$1
Net Assets	$5,383,847

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on May 22, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$509,778

Expenses

$302,734

Net Income

$207,044

Net Assets

$5,455,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$129,420	25.4%
Sales of Assets	$380,358	74.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$270,000	89.2%
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	$5,455,203
Total Liabilities	$0
Net Assets	$5,455,203

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on May 15, 2019

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$280,407

Expenses

$333,603

Net Income

-$53,196

Net Assets

$5,248,159

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$137,788	49.1%
Sales of Assets	$142,619	50.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$291,000	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	$5,248,159
Total Liabilities	$0
Net Assets	$5,248,159

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on May 14, 2018

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

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$259,025

Expenses

$353,624

Net Income

-$94,599

Net Assets

$5,301,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$115,669	44.7%
Sales of Assets	$143,356	55.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$311,500	88.1%
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	$5,301,355
Total Liabilities	$0
Net Assets	$5,301,355

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on Nov. 15, 2017

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$1,069,139

Expenses

$403,213

Net Income

$665,926

Net Assets

$5,395,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	4.7%
Interest Revenue	$0
Dividends	$82,771	7.7%
Sales of Assets	$936,368	87.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$373,750	92.7%
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	$5,395,954
Total Liabilities	$0
Net Assets	$5,395,954

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on Nov. 11, 2016

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$204,944

Expenses

$333,700

Net Income

-$128,756

Net Assets

$4,730,028

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$111,130	54.2%
Sales of Assets	$93,814	45.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$314,850	94.4%
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	$4,730,028
Total Liabilities	$0
Net Assets	$4,730,028

Compensation

Key Employees and Officers	Compensation	Other
Nazar Nazarian (Director)	$0	$0
Levon Nazarian (Director)	$0	$0
Claudia Nazarian (Director)	$0	$0

990-PF

Filed on Nov. 16, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$217,798

Expenses

$221,149

Net Income

-$3,351

Net Assets

$4,858,784

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	11.5%
Interest Revenue	$0
Dividends	$54,292	24.9%
Sales of Assets	$138,506	63.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$213,950	96.7%
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	$4,858,784
Total Liabilities	$0
Net Assets	$4,858,784

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$267,890

Expenses

$53,016

Net Income

$214,874

Net Assets

$4,862,134

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,279	18.8%
Interest Revenue	$0
Dividends	$87,683	32.7%
Sales of Assets	$129,928	48.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,750	92.0%
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	$4,862,135
Total Liabilities	$1
Net Assets	$4,862,134

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$211,716

Expenses

$70,703

Net Income

$141,013

Net Assets

$4,647,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,000	35.4%
Interest Revenue	$0
Dividends	$95,314	45.0%
Sales of Assets	$41,402	19.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$67,250	95.1%
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	$4,647,261
Total Liabilities	$1
Net Assets	$4,647,260

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

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Levon & Claudia Nazarian Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $429k (2024)

Expenses $418k (2024)

Total Assets $5.28M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Revenue

$429k (2024)

Expenses

$418k (2024)

Total Assets

$5.28M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001