Ardeshir Falaki Foundation

Ardeshir Falaki Director

Lynnfield, MA
Tax-exempt since April 2002
EIN: 77-0552975

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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

$13k (2024)

Expenses

$10.9k (2024)

Total Assets

$149k (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

$12,999

Expenses

$10,905

Net Income

$2,094

Net Assets

$149,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,862	29.7%
Sales of Assets	$9,137	70.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,000	91.7%
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	$149,005
Total Liabilities	$0
Net Assets	$149,005

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President Director)	$0	$0
Joseph Mercurio (Treasurer)	$0	$0
Joseph Mercurio (Secretary)	$0	$0
Bambi Savage (Director)	$0	$0

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990-PF

Filed on Nov. 17, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$3,361

Expenses

$1,489

Net Income

$1,872

Net Assets

$146,911

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,198	> 100%
Sales of Assets	-$837
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$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	$146,911
Total Liabilities	$0
Net Assets	$146,911

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President/Director)	$0	$0
Joseph Mercurio (Treasurer)	$0	$0
Joseph Mercurio (Secretary)	$0	$0
Bambi Savage (Director)	$0	$0

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990-PF

Filed on June 18, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$49,050

Expenses

$19,628

Net Income

$29,422

Net Assets

$145,039

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,187	8.5%
Sales of Assets	$44,863	91.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,116	97.4%
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	$145,039
Total Liabilities	$0
Net Assets	$145,039

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President/Director)	$0	$0
Joseph Mercurio (Treasurer)	$0	$0
Joseph Mercurio (Secretary)	$0	$0
Bambi Savage (Director)	$0	$0

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990-PF

Filed on Nov. 9, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$8,471

Expenses

$5,598

Net Income

$2,873

Net Assets

$115,617

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,371	39.8%
Sales of Assets	$5,100	60.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,500	62.5%
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	$115,617
Total Liabilities	$0
Net Assets	$115,617

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President/Director)	$0	$0
Joseph Mercurio (Treasurer)	$0	$0
Joseph Mercurio (Secretary)	$0	$0
Bambi Savage (Director)	$0	$0

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990-PF

Filed on May 16, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

-$3,684

Expenses

$4,077

Net Income

-$7,761

Net Assets

$112,743

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,158
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000	98.1%
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	$112,744
Total Liabilities	$1
Net Assets	$112,743

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
Joseph Mercurio (Treasurer)	$0	$0
Joseph Mercurio (Secretary)	$0	$0

990-PF

Filed on Nov. 11, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$3,904

Expenses

$8,970

Net Income

-$5,066

Net Assets

$120,504

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,755	96.2%
Sales of Assets	$149	3.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,746	86.4%
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	$120,505
Total Liabilities	$1
Net Assets	$120,504

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
Ardeshir Falaki (Treasurer)	$0	$0
Ardeshir Falaki (Secretary)	$0	$0

990-PF

Filed on Oct. 9, 2020

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

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XML

Fiscal Year Ending Dec.
2018

Revenue

$3,004

Expenses

$11,705

Net Income

-$8,701

Net Assets

$125,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,224	> 100%
Sales of Assets	-$220
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,225	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	$125,571
Total Liabilities	$0
Net Assets	$125,571

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
George R Kaplan (Treasurer)	$0	$0
George R Kaplan (Secretary)	$0	$0

990-PF

Filed on Nov. 6, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$4,141

Expenses

$13,661

Net Income

-$9,520

Net Assets

$134,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,398	82.1%
Sales of Assets	$743	17.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,164	89.0%
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	$134,272
Total Liabilities	$0
Net Assets	$134,272

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
George R Kaplan (Treasurer)	$0	$0
George R Kaplan (Secretary)	$0	$0

990-PF

Filed on May 15, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$8,097

Expenses

$13,205

Net Income

-$5,108

Net Assets

$143,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,113	50.8%
Sales of Assets	$3,984	49.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,398	78.7%
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	$143,792
Total Liabilities	$0
Net Assets	$143,792

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
George R Kaplan (Treasurer)	$0	$0
George R Kaplan (Secretary)	$0	$0

990-PF

Filed on May 10, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

-$1,087

Expenses

$12,073

Net Income

-$13,160

Net Assets

$148,900

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,477
Sales of Assets	-$4,564
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,848	98.1%
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	$148,900
Total Liabilities	$0
Net Assets	$148,900

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
George R Kaplan (Treasurer)	$0	$0
George R Kaplan (Secretary)	$0	$0

990-PF

Filed on May 11, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$6,512

Expenses

$14,753

Net Income

-$8,241

Net Assets

$162,060

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,601	55.3%
Sales of Assets	$2,911	44.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,291	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	$162,060
Total Liabilities	$0
Net Assets	$162,060

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
George R Kaplan (Treasurer)	$0	$0
George R Kaplan (Secretary)	$0	$0

990-PF

Filed on May 15, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$27,772

Expenses

$12,513

Net Income

$15,259

Net Assets

$170,301

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,012	10.8%
Sales of Assets	$24,760	89.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,354	82.7%
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	$170,301
Total Liabilities	$0
Net Assets	$170,301

Compensation

Key Employees and Officers	Compensation	Other
Ardeshir Falaki (President)	$0	$0
George R Kaplan (Treasurer)	$0	$0
George R Kaplan (Secretary)	$0	$0

990-PF

Filed on May 15, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

-$16,685

Expenses

$13,183

Net Income

-$29,868

Net Assets

$155,041

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,361
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,816	82.0%
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	$155,042
Total Liabilities	$1
Net Assets	$155,041

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$6,853

Expenses

$12,064

Net Income

-$5,211

Net Assets

$184,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,646	53.2%
Sales of Assets	$3,207	46.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,423	78.1%
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	$184,910
Total Liabilities	$1
Net Assets	$184,909

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Ardeshir Falaki Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $13k (2024)

Expenses $10.9k (2024)

Total Assets $149k (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

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

Revenue

$13k (2024)

Expenses

$10.9k (2024)

Total Assets

$149k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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