Civic Intelligence

Khazani Foundation Inc.

990EZ • Fiscal year 2017 • EIN 82-1592810

May 04, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

578 Washington Blvd Suite 854Marina Del Rey, CA 90292

(310) 301-8482

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$51,659

No earlier filing loaded for comparison.

Net Assets

$51,659

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$69,761

No earlier filing loaded for comparison.

Expenses

$18,102

No earlier filing loaded for comparison.

Net Income

$51,659

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2017: $51,659Liabilities 2017: $0Net Assets 2017: $51,6592017Assets 2018: $38,264Liabilities 2018: $0Net Assets 2018: $38,2642018Assets 2019: $42,412Liabilities 2019: $0Net Assets 2019: $42,4122019Assets 2020: $29,789Liabilities 2020: $0Net Assets 2020: $29,7892020Assets 2021: $24,413Net Assets 2021: $24,4132021Assets 2022: $7,123Net Assets 2022: $7,1232022Assets 2023: $1,273Net Assets 2023: $1,2732023Assets 2024: $20,108Liabilities 2024: $20,000Net Assets 2024: $1082024

Highlighted filing

2017

Assets$51,659
Liabilities$0
Net Assets$51,659

Operations Trend

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

$100K$50K$0-$50KRevenue 2017: $69,761Expenses 2017: $18,102Net Income 2017: $51,6592017Revenue 2018: $31,361Expenses 2018: $44,756Net Income 2018: -$13,3952018Revenue 2019: $18,351Expenses 2019: $14,203Net Income 2019: $4,1482019Revenue 2020: $42,649Expenses 2020: $55,272Net Income 2020: -$12,6232020Revenue 2021: $60,690Expenses 2021: $66,066Net Income 2021: -$5,3762021Revenue 2022: $55,600Expenses 2022: $72,890Net Income 2022: -$17,2902022Revenue 2023: $35,000Expenses 2023: $40,850Net Income 2023: -$5,8502023Revenue 2024: $28,671Expenses 2024: $29,836Net Income 2024: -$1,1652024

Highlighted filing

2017

Revenue$69,761
Expenses$18,102
Net Income$51,659
Jump To
Filing Snapshot
Filing Period
May 4, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$69,761
Mission and Program Overview

Mission

To provide education, support and assistance in reconstructive surgery and eye surgery to the economically underprivileged.

Program Services

DescriptionGrantsExpenses
SUPPORT AND ASSISTANCE FOR SURGICAL PROCEDURES ON CHILDREN BORN WITH DISFIGURING CONDITIONS$0$16,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SOL KHAZANIPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Khazani Foundation Inc
EIN
82-1592810
Phone
3103018482
Address
578 WASHINGTON BLVD SUITE 854, MARINA DEL REY, CA 90292

Signing Officer

Name
Sol Khazani
Title
President
Phone
3103018482
Signed
2018-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Milam Knecht & Warner Llp
Address
535 N BRAND BLVD SIXTH FLOOR, GLENDALE, CA 91203
Preparer
Michael Milam
Phone
8185509991
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charitable. Grantee name: plasticos foundation. Grantee address: 3991 macarthur blvd., suite 320 newport beach, ca 92660. Date of gift: 08/07/17. Amount given: 15,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charitable. Grantee name: life center. Grantee address: p.o. Box 124 ehite house, tn 37188. Date of gift: 11/07/17. Amount given: 500.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charitable. Grantee name: congregation ohel moshe. Grantee address: 8644 w pico blvd los angeles, ca 90035. Date of gift: 12/14/17. Amount given: 1,000. Total included on form 990-ez, line 10: 16,500.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: other administrative exp. Amount: 1,002.

Raw XML Appendix137 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum03103018482
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0578 WASHINGTON BLVD SUITE 854
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MARINA DEL REY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090292
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt051659
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt069761
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt051659
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt051659
IRS990EZ/GrantsAndSimilarAmountsPaidAmt016500
IRS990EZ/GrossReceiptsAmt069761
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt051659
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt051659
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SOL KHAZANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01002
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE EDUCATION, SUPPORT AND ASSISTANCE IN RECONSTRUCTIVE SURGERY AND EYE SURGERY TO THE ECONOMICALLY UNDERPRIVILEGED.
IRS990EZ/PrintingPublicationsPostageAmt0600
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SUPPORT AND ASSISTANCE FOR SURGICAL PROCEDURES ON CHILDREN BORN WITH DISFIGURING CONDITIONS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt016500
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt018102
IRS990EZ/TotalProgramServiceExpensesAmt016500
IRS990EZ/TotalRevenueAmt069761
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://WWW.KHAZANIFOUNDATION.ORG/
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt055524
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt055524
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS FOUNDATION WAS STARTED ON 05/04/2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt069761
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt069761
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt014237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt055524
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt055524
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt069761
IRS990ScheduleA/Total509Grp/TotalAmt069761
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt069761
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt069761
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: CHARITABLE. GRANTEE NAME: PLASTICOS FOUNDATION. GRANTEE ADDRESS: 3991 MACARTHUR BLVD., SUITE 320 NEWPORT BEACH, CA 92660. DATE OF GIFT: 08/07/17. AMOUNT GIVEN: 15,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: CHARITABLE. GRANTEE NAME: LIFE CENTER. GRANTEE ADDRESS: P.O. BOX 124 EHITE HOUSE, TN 37188. DATE OF GIFT: 11/07/17. AMOUNT GIVEN: 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: CHARITABLE. GRANTEE NAME: CONGREGATION OHEL MOSHE. GRANTEE ADDRESS: 8644 W PICO BLVD LOS ANGELES, CA 90035. DATE OF GIFT: 12/14/17. AMOUNT GIVEN: 1,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 16,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: OTHER ADMINISTRATIVE EXP. AMOUNT: 1,002.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SOL KHAZANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03103018482
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KHAZANI FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KHAZ
ReturnHeader/Filer/EIN0821592810
ReturnHeader/Filer/PhoneNum03103018482
ReturnHeader/Filer/USAddress/AddressLine1Txt0578 WASHINGTON BLVD SUITE 854
ReturnHeader/Filer/USAddress/CityNm0MARINA DEL REY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090292
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId074F7313620173B3BEC0A215718AB15ED312E4F75
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0081A5FF2A94FFDA64F173EDF9D44057A6404E724
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.190.255.2
ReturnHeader/FilingSecurityInformation/IPDt02018-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm016:19:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954538174
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILAM KNECHT & WARNER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0535 N BRAND BLVD SIXTH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091203
ReturnHeader/PreparerPersonGrp/PhoneNum08185509991
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL MILAM
ReturnHeader/ReturnTs02018-11-13T15:20:17-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-05-04
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings