Ray R Irani And Ghada Raslan Irani Foundation

Los Angeles, CA
Tax-exempt since June 2004
EIN: 48-6394885

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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

$5.09M (2023)

Expenses

$1.01M (2023)

Total Assets

$22.8M (2023)

Total Liabilities

$2.42M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$5,085,675

Expenses

$1,007,855

Net Income

$4,077,820

Net Assets

$20,374,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,036,424	79.4%
Interest Revenue	$41,919	0.8%
Dividends	$673,809	13.2%
Sales of Assets	$333,523	6.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$965,830	95.8%
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	$22,794,116
Total Liabilities	$2,420,000
Net Assets	$20,374,116

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0
Ghada Raslan Irani (Co Trustee)	$0	$0

990-PF

Filed on Nov. 14, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$2,423,338

Expenses

$2,088,738

Net Income

$334,600

Net Assets

$13,552,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,000,008	82.5%
Interest Revenue	$42,522	1.8%
Dividends	$162,601	6.7%
Sales of Assets	$218,142	9.0%
Other Income	$65	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,058,500	98.6%
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	$14,497,576
Total Liabilities	$945,000
Net Assets	$13,552,576

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Nov. 10, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$327,374

Expenses

$642,158

Net Income

-$314,784

Net Assets

$16,607,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33	0.0%
Dividends	$183,293	56.0%
Sales of Assets	$144,048	44.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$590,546	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	$16,607,198
Total Liabilities	$0
Net Assets	$16,607,198

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Nov. 3, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$4,846,538

Expenses

$1,774,425

Net Income

$3,072,113

Net Assets

$16,529,497

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,024,946	62.4%
Interest Revenue	$0
Dividends	$225,089	4.6%
Sales of Assets	$1,596,503	32.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,758,335	99.1%
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	$16,529,498
Total Liabilities	$1
Net Assets	$16,529,497

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Oct. 27, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$379,917

Expenses

$642,969

Net Income

-$263,052

Net Assets

$11,536,604

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,907	6.6%
Interest Revenue	$0
Dividends	$336,910	88.7%
Sales of Assets	$18,100	4.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$554,678	86.3%
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	$11,536,605
Total Liabilities	$1
Net Assets	$11,536,604

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Nov. 3, 2021

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

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Fiscal Year Ending Dec.
2018

Revenue

$2,467,772

Expenses

$1,726,296

Net Income

$741,476

Net Assets

$11,272,517

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,077,134	43.6%
Interest Revenue	$0
Dividends	$336,188	13.6%
Sales of Assets	$1,054,450	42.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,720,203	99.6%
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	$11,272,517
Total Liabilities	$0
Net Assets	$11,272,517

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Nov. 12, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$1,733,593

Expenses

$2,840,826

Net Income

-$1,107,233

Net Assets

$11,605,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,326,634	76.5%
Interest Revenue	$21	0.0%
Dividends	$336,033	19.4%
Sales of Assets	$70,905	4.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,781,083	97.9%
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	$11,605,026
Total Liabilities	$0
Net Assets	$11,605,026

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$8,669,644

Expenses

$2,567,422

Net Income

$6,102,222

Net Assets

$12,374,150

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,389,592	96.8%
Interest Revenue	$11	0.0%
Dividends	$243,014	2.8%
Sales of Assets	$37,027	0.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,549,834	99.3%
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	$12,374,150
Total Liabilities	$0
Net Assets	$12,374,150

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$395,782

Expenses

$10,520,426

Net Income

-$10,124,644

Net Assets

$6,200,075

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$80,000	20.2%
Interest Revenue	$0
Dividends	$324,503	82.0%
Sales of Assets	-$8,721
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,466,448	99.5%
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	$6,200,075
Total Liabilities	$0
Net Assets	$6,200,075

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on May 12, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$1,051,998

Expenses

$600,189

Net Income

$451,809

Net Assets

$16,557,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$80,000	7.6%
Interest Revenue	$0
Dividends	$389,117	37.0%
Sales of Assets	$582,881	55.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$420,685	70.1%
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	$16,557,051
Total Liabilities	$0
Net Assets	$16,557,051

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on July 23, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$14,442,797

Expenses

$274,197

Net Income

$14,168,600

Net Assets

$16,105,151

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,191,645	35.9%
Interest Revenue	$0
Dividends	$256,451	1.8%
Sales of Assets	$8,994,701	62.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$259,724	94.7%
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	$16,105,151
Total Liabilities	$0
Net Assets	$16,105,151

Compensation

Key Employees and Officers	Compensation	Other
Dr Ray R Irani (Co Trustee)	$0	$0
Kenneth J Anderson (Co Trustee)	$0	$0

990-PF

Filed on Nov. 4, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$5,264,618

Expenses

$871,506

Net Income

$4,393,112

Net Assets

$6,886,388

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,113,532	78.1%
Interest Revenue	$0
Dividends	$212,903	4.0%
Sales of Assets	$938,183	17.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$832,980	95.6%
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	$6,886,389
Total Liabilities	$1
Net Assets	$6,886,388

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,086,093

Expenses

$595,954

Net Income

$2,490,139

Net Assets

$5,617,293

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$80,000	2.6%
Interest Revenue	$0
Dividends	$155,368	5.0%
Sales of Assets	$2,850,725	92.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$594,220	99.7%
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	$5,617,294
Total Liabilities	$1
Net Assets	$5,617,293

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

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Ray R Irani And Ghada Raslan Irani Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.09M (2023)

Expenses $1.01M (2023)

Total Assets $22.8M (2023)

Total Liabilities $2.42M (2023)

Tax Filings by Year

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

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$5.09M (2023)

Expenses

$1.01M (2023)

Total Assets

$22.8M (2023)

Total Liabilities

$2.42M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

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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

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2004

Fiscal Year Ending Dec.
2003