Civic Intelligence

Parshang Foundation

990EZ • Fiscal year 2022 • EIN 82-1405649

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 05, 2023

Organization ProfileN/A
8905 Research Dr Ste 300Irvine, CA 92618

(949) 677-0117

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

51st percentile

1.4%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

15th percentile

-38%

Faster revenue growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$135,499

Up $1,884 (+1.4%) from 2021

Net Assets

Up

$132,499

Up $3,484 (+2.7%) from 2021

Liabilities

Down

$3,000

Down $1,600 (-35%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin86th percentile

Revenue

Down

$8,375

Down $5,120 (-38%) from 2021

Expenses

Down

$4,891

Down $10,310 (-68%) from 2021

Net Income

Up

$3,484

Up $5,190 (+304%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$150K$100K$50K$0Assets 2016: $0Net Assets 2016: $02016Assets 2017: $0Net Assets 2017: $02017Assets 2018: $0Net Assets 2018: $02018Assets 2019: $11,672Liabilities 2019: $02019Assets 2020: $128,997Liabilities 2020: $500Net Assets 2020: $128,4972020Assets 2021: $133,615Liabilities 2021: $4,600Net Assets 2021: $129,0152021Assets 2022: $135,499Liabilities 2022: $3,000Net Assets 2022: $132,4992022Assets 2023: $128,401Net Assets 2023: $128,4012023Assets 2024: $128,797Net Assets 2024: $128,7972024

Highlighted filing

2022

Assets$135,499
Liabilities$3,000
Net Assets$132,499
Open 2022 Filing

Operations Trend

Revenue Growth15th percentile

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

$150K$100K$50K$0-$50KRevenue 2016: $02016Revenue 2017: $02017Revenue 2018: $02018Revenue 2019: $0Expenses 2019: $205Net Income 2019: -$2052019Revenue 2020: $131,741Expenses 2020: $7,870Net Income 2020: $123,8712020Revenue 2021: $13,495Expenses 2021: $15,201Net Income 2021: -$1,7062021Revenue 2022: $8,375Expenses 2022: $4,891Net Income 2022: $3,4842022Revenue 2023: $7,342Expenses 2023: $5,609Net Income 2023: $1,7332023Revenue 2024: $5,780Expenses 2024: $4,685Net Income 2024: $1,0952024

Highlighted filing

2022

Revenue$8,375
Expenses$4,891
Net Income$3,484
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 5, 2023
Return Version
2022v5.0
Gross Receipts
$8,375
Mission and Program Overview

Mission

The organization intends to advance the interests of the kurdish-american community and strengthen its voice through community building, including education, philantrophy, and public service. The organization will carry on other charitable activities associated with these goals as allowed by law.

Program Services

DescriptionGrantsExpenses
PUBLIC CHARITY UNDER 170 (b) (1) (A) (vi)--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT SADEGHIPresident-$0--
NADER SHAHSecretary-$0--
GUY JOHNSONTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Parshang Foundation
EIN
82-1405649
Phone
9496770117
Address
8905 RESEARCH DR STE 300, IRVINE, CA 92618

Signing Officer

Name
Robert Sadeghi
Title
President
Signed
2023-09-05
Discuss with paid preparer
Yes

Preparer

Firm
Akhavan & Co Accountancy Corp
Address
15456 VENTURA BLVD STE 500, SHERMAN OAKS, CA 91403
Preparer
Bijan Akhavan
Phone
8189958040
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $75”

Other Expenses.1

“AUTOMOBILE EXP. $3704”

Other Expenses.2

“Bank service charges $237”

Other Assets.1001

“Automobiles - Beginning $117000 Automobiles - Ending $117000”

Other Assets.1003

“Machinery and Equipment - Beginning $11208 Machinery and Equipment - Ending $11208”

Other Assets.1007

“Receivables-Officers, Directors, Etc. - Beginning $5224 Receivables-Officers, Directors, Etc. - Ending $6754”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $1600 Accounts Payable and Accrued Expenses - Ending $0”

Total Liabilities.1

“PPP LOAN - Beginning $3000 PPP LOAN - Ending $3000”

Raw XML Appendix146 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ROBERT SADEGHI
IRS990EZ/BooksInCareOfDetail/PhoneNum09496770117
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt08905 RESEARCH DRIVE STE 300
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0IRVINE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd092618
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0183
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0537
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt08375
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt03484
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0875
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0133615
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0135499
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt08375
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0129015
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0132499
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0129015
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0132499
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERT SADEGHI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NADER SHAH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GUY JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0133432
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0134962
IRS990EZ/OtherExpensesTotalAmt04016
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION INTENDS TO ADVANCE THE INTERESTS OF THE KURDISH-AMERICAN COMMUNITY AND STRENGTHEN ITS VOICE THROUGH COMMUNITY BUILDING, INCLUDING EDUCATION, PHILANTROPHY, AND PUBLIC SERVICE. THE ORGANIZATION WILL CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THESE GOALS AS ALLOWED BY LAW.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PUBLIC CHARITY UNDER 170 (b) (1) (A) (vi)
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt04600
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt04891
IRS990EZ/TotalRevenueAmt08375
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt013495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0131741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0153611
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0153611
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt08375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt013495
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0131741
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0153611
IRS990ScheduleA/TotalSupportAmt0153611
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AUTOMOBILE EXP. $3704
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK SERVICE CHARGES $237
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Automobiles - Beginning $117000 Automobiles - Ending $117000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Machinery and Equipment - Beginning $11208 Machinery and Equipment - Ending $11208
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Receivables-Officers, Directors, Etc. - Beginning $5224 Receivables-Officers, Directors, Etc. - Ending $6754
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Payable and Accrued Expenses - Beginning $1600 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PPP LOAN - Beginning $3000 PPP LOAN - Ending $3000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Assets.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SADEGHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARSHANG FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PARS
ReturnHeader/Filer/EIN0821405649
ReturnHeader/Filer/PhoneNum09496770117
ReturnHeader/Filer/USAddress/AddressLine1Txt08905 RESEARCH DR STE 300
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092618
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954818119
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AKHAVAN & CO ACCOUNTANCY CORP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015456 VENTURA BLVD STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHERMAN OAKS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091403
ReturnHeader/PreparerPersonGrp/PhoneNum08189958040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BIJAN AKHAVAN
ReturnHeader/ReturnTs02023-09-05T11:25:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SADEGHI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$135,499
Liabilities
$3,000
Net assets
$132,499
Revenue
$8,375
Expenses
$4,891
Net income
$3,484
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.29$1.29$0.06$0.05$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.28$1.28$0.07$0.06$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.03$1.32$0.08$0.05$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.05$1.29$0.13$0.15$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.01$1.28$1.32$0.08$1.24
2019Summary only. Only limited summary data is available for this year.$0.12$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00