Shafrazian Foundation

990PF • Fiscal year 2024 • EIN 81-1716717

Mar 01, 2023 to Feb 29, 2024 • Filed on Jul 15, 2024

Organization Profile

CO Lmcas 1359 Broadway Suite 171New York, NY 10018

(212) 967-2300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Source year 2024

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

101%

Higher net margin than 100% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Source year 2024

Higher top officer pay than 38% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Source year 2024

-49%

Faster asset growth than 2% of similar nonprofits.

2024 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets17th percentile

Assets

Down

$3,724,877

Down $3,525,427 (-49%) from 2023

Net Assets

Down

$3,724,877

Down $3,525,427 (-49%) from 2023

Liabilities

Down

Down $1 (-100%) from 2023

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin100th percentile

Revenue

Down

-$3,491,450

Down $3,510,213 (-18708%) from 2023

Expenses

$33,977

Up $14,938 (+78%) from 2023

Net Income

Down

-$3,525,427

Down $3,525,151 (-1277229%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2024

Assets$3,724,877

Liabilities$0

Net Assets$3,724,877

Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2024

Revenue-$3,491,450

Expenses$33,977

Net Income-$3,525,427

Open 2024 Filing

Jump To

Filing Snapshot

Filing Period: Mar 1, 2023 to Feb 29, 2024
Signed: Jul 15, 2024
Return Version: 2023v5.1

Compensation and Service Providers

Top Officer Pay38th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
TONY SHAFRAZI	Member, Director, President	-	$0	-	-
MARK HARANZO	Treasurer	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: The Shafrazian Foundation
EIN: 81-1716717
Phone: 2129672300
Address: CO LMCAS 1359 BROADWAY SUITE 171, NEW YORK, NY 10018

Signing Officer

Name: Tony Shafrazi
Title: President
Phone: 2129672300
Signed: 2024-07-15
Discuss with paid preparer: Yes

Preparer

Firm: Lmc Advisors LLC
Address: 1359 BROADWAY SUITE 1710, NEW YORK, NY 10018
Preparer: Lee M Cohen CPA
Phone: 2129672300

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IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year2Amt	0	7250580
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year3Amt	0	7250854
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/CurrentYearAmt	0	2000000
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/TotalAmt	0	23750000
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year1Amt	0	7250000
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year2Amt	0	7250000
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year3Amt	0	7250000
IRS990PF/PrivateOperatingFoundationsGrp/TotalSupportGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/TotalAmt	0	0
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd	0	0
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd	0	0
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd	0	1
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd	0	0
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd	0	1
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd	0	0
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd	0	0
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd	0	0
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd	0	1
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	0
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	C/O LMCAS 1359 BROADWAY SUITE 1710
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	NEW YORK
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	NY
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	10018
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	0
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	0
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	0
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	NY
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	0
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt	0	THE SHAFRAZIAN FOUNDATION
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	2129672300
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	1
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt	0	0
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt	0	0
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	1
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt	0	0
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	0
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt	0	EDUCATION AND PROMOTION OF THE ARTS
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt	0	33977
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt	0	0
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	0	TONY SHAFRAZI
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt	0	0
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	0
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	0
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt	0	0
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt	0	0
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt	0	0
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	2000
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt	0	3610
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	300
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	17010
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt	0	17010
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	5910
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	2000
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	3610
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	300
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt	0	0
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	22920
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	22920
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt	0	0
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt	0	0
LegalFeesSchedule/LegalFeesGrp/CategoryTxt	0	LEGAL FEES
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt	0	1096
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt	0	1096
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	FINE ARTS INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	INVESTMENT ADVISORY FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	GALLERY EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	2434
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	25447
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	2	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	2434
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	25447
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	5000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	TONY SHAFRAZI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2129672300
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2024-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	THE SHAFRAZIAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	SHAF
ReturnHeader/Filer/EIN	0	811716717
ReturnHeader/Filer/PhoneNum	0	2129672300
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	CO LMCAS 1359 BROADWAY SUITE 171
ReturnHeader/Filer/USAddress/CityNm	0	NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NY
ReturnHeader/Filer/USAddress/ZIPCd	0	10018
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	0
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	464133700
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	LMC ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1359 BROADWAY SUITE 1710
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	10018
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2129672300
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2024-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	LEE M COHEN CPA
ReturnHeader/ReturnTs	0	2024-07-15T09:05:04-05:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	TONY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	SHAFRAZI
ReturnHeader/TaxPeriodBeginDt	0	2023-03-01
ReturnHeader/TaxPeriodEndDt	0	2024-02-29
ReturnHeader/TaxYr	0	2023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $3,724,877
Liabilities: $0
Net assets: $3,724,877
Revenue: -$3,491,450
Expenses: $33,977
Net income: -$3,525,427

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$3.74	$0.00	$3.74	$0.22	$0.21	$0.02
2024Detailed filing. Detailed filing data is available for this year.	$3.72	$0.00	$3.72	$3.49	$0.03	$3.53
2023Detailed filing. Detailed filing data is available for this year.	$7.25	$0.00	$7.25	$0.02	$0.02	$0.00
2022Detailed filing. Detailed filing data is available for this year.	$7.25	$0.00	$7.25	$0.01	$0.01	$0.00
2021Detailed filing. Detailed filing data is available for this year.	$7.25	$0.00	$7.25	$0.00	$0.00	$0.00
2020Detailed filing. Detailed filing data is available for this year.	$7.25	$0.00	$7.25	$0.00	$0.00	$0.00
2019Detailed filing. Detailed filing data is available for this year.	$7.25	$0.00	$7.25	$0.03	$0.03	$0.00
2018Detailed filing. Detailed filing data is available for this year.	$7.25	$0.00	$0.00	$0.03	$0.05	$0.02
2017Detailed filing. Detailed filing data is available for this year.	$7.27	$0.00	$0.00	$7.31	$0.04	$7.27