Civic Intelligence

Farashgard Foundation

EIN 84-3228330 • 501(c)3 • Hudson, WI

Profile

To support and promote the iranian peoples fundamental rights to liberty and pursuit of democracy. We strive to support people of iran's struggle for democracy through projects and initiatives that enable iranian people to better connect with the free world.

502 6th StreetHudson, WI 54016

www.farashgardfoundation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

58.84x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

123.99x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-2331%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

16th percentile

-55%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

6th percentile

-90%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$12,888

Down $21,313 (-62%) from 2023

Liabilities

Up

$758,350

Up $120,977 (+19%) from 2023

Net Assets

Down

-$745,462

Down $142,290 (-24%) from 2023

Revenue

Down

$6,116

Down $3,884 (-39%) from 2023

Expenses

Down

$148,710

Down $378,865 (-72%) from 2023

Net Income

Up

-$142,594

Up $374,981 (+72%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500K-$1.0MAssets 2021: $2,668Liabilities 2021: $257,587Net Assets 2021: -$254,9192021Assets 2022: $63,030Liabilities 2022: $147,208Net Assets 2022: -$84,1782022Assets 2023: $34,201Liabilities 2023: $637,373Net Assets 2023: -$603,1722023Assets 2024: $12,888Liabilities 2024: $758,350Net Assets 2024: -$745,4622024

Highlighted filing

2024

Assets$12,888
Liabilities$758,350
Net Assets-$745,462

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2021: $0Expenses 2021: $128,706Net Income 2021: -$128,7062021Revenue 2022: $583,500Expenses 2022: $412,096Net Income 2022: $171,4042022Revenue 2023: $10,000Expenses 2023: $527,575Net Income 2023: -$517,5752023Revenue 2024: $6,116Expenses 2024: $148,710Net Income 2024: -$142,5942024

Highlighted filing

2024

Revenue$6,116
Expenses$148,710
Net Income-$142,594

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$583,500
Mission and Program Overview

Mission

To support and promote the iranian peoples fundamental rights to liberty and pursuit of democracy. We strive to support people of iran's struggle for democracy through projects and initiatives that enable iranian people to better connect with the free world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors-$118,407-
Cash and Non-Interest-Bearing Accounts$2,668$59,511▲ $56,843
Other Notes and Loans Receivable, Net-$2,100-
Total Assets$2,668$63,030▲ $60,362
Other Assets Total-$1,419-
Liabilities
Other Liabilities$257,587--
Accounts Payable and Accrued Expenses-$28,801-
Total Liabilities$257,587$147,208▼ $110,379
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-254,919$-84,178▲ $170,741
Total Net Assets Fund Balance$-254,919$-84,178▲ $170,741
Total Liabilities and Net Assets / Fund Balance$2,668$63,030▲ $60,362
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Thomas DatwylerTreasurer$27,349$27,349$27,349

Board Members and Trustees

NameTitle
Dr Daniel JafariDirector
Mitra JashniExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$583,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$583,500
Change in Net Assets
$171,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,747
Salaries, Compensation, and Employee Benefits$27,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$185,836--$185,836
Fees for Services Other$167,144--$167,144
Current Officers, Directors, Trustees, and Key Employees-$27,349-$27,349
Occupancy$14,000--$14,000
Office Expenses-$8,390-$8,390
Travel$3,998--$3,998
Information Technology$2,685--$2,685
All Other Expenses$2,207--$2,207
Fees for Services Accounting-$350-$350
Advertising$137--$137
Total Functional Expenses$376,007$36,089$0$412,096
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$118,407-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors will be provided a copy of the form 990 to review prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

All members, directors, officers, members of a committee of the board, and any other individuals and entities identified in policies adopted by the board shall abide by, are subject to and/or protected by such policies, to the extent stated in such policies. Any duality of interest, conflict of interest or potential conflict of interest on the part of any member, director, officer or employee shall be disclosed and made a matter of record at such time in such manner as may be prescribed by the conflict of interest policy and in any subsequent action of the board. Any director having such duality of interest, conflict of interest, or potential conflict of interest on any matter shall not vote or use his or her personal influence on the matter for any meeting of the board, or a committee thereof, at which an action related to such matter, is proposed to be taken. Each director, officer, and any other person required by the conflict of interest policy shall complete a personal disclosure statement prior to commencing service for the corporation and on at least an annual basis thereafter.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Farashgard Foundation Inc
EIN
84-3228330
Phone
7153388544
Address
502 6TH STREET, HUDSON, WI 54016

Signing Officer

Name
Thomas Datwyler
Title
Treasurer
Phone
7153388544
Signed
2023-11-01

Organization Details

Principal Officer
Thomas Datwyler
Formed
2019
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Guinn Vinopal & Zahradka Llp
Address
811 FIRST ST SUITE 103, HUDSON, WI 54016
Preparer
Dan Patrick CPA
Phone
7153861212
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To support and promote the iranian peoples fundamental rights to liberty and pursuit of democracy. We strive to support people of iran's struggle for democracy through projects and initiatives that enable iranian people to better connect with the free world.

Form 990, Part IX, Line 11G

Project consulting 45,485 0 0 other professional services 38,219 0 0 office management services 47,500 0 0 website management services 23,056 0 0 news watch services 12,884 0 0 total 167,144 0 0

Raw XML Appendix302 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.

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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt09SEVEN CONSULTING, LLC 27,349 PAID FOR ACCOUNTING WORK AS THE ORGANIZATION'S TREASURER THOMAS DATWYLER, TREASURER
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT AND PROMOTE THE IRANIAN PEOPLES FUNDAMENTAL RIGHTS TO LIBERTY AND PURSUIT OF DEMOCRACY. WE STRIVE TO SUPPORT PEOPLE OF IRAN'S STRUGGLE FOR DEMOCRACY THROUGH PROJECTS AND INITIATIVES THAT ENABLE IRANIAN PEOPLE TO BETTER CONNECT WITH THE FREE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS WILL BE PROVIDED A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS, DIRECTORS, OFFICERS, MEMBERS OF A COMMITTEE OF THE BOARD, AND ANY OTHER INDIVIDUALS AND ENTITIES IDENTIFIED IN POLICIES ADOPTED BY THE BOARD SHALL ABIDE BY, ARE SUBJECT TO AND/OR PROTECTED BY SUCH POLICIES, TO THE EXTENT STATED IN SUCH POLICIES. ANY DUALITY OF INTEREST, CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST ON THE PART OF ANY MEMBER, DIRECTOR, OFFICER OR EMPLOYEE SHALL BE DISCLOSED AND MADE A MATTER OF RECORD AT SUCH TIME IN SUCH MANNER AS MAY BE PRESCRIBED BY THE CONFLICT OF INTEREST POLICY AND IN ANY SUBSEQUENT ACTION OF THE BOARD. ANY DIRECTOR HAVING SUCH DUALITY OF INTEREST, CONFLICT OF INTEREST, OR POTENTIAL CONFLICT OF INTEREST ON ANY MATTER SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER FOR ANY MEETING OF THE BOARD, OR A COMMITTEE THEREOF, AT WHICH AN ACTION RELATED TO SUCH MATTER, IS PROPOSED TO BE TAKEN. EACH DIRECTOR, OFFICER, AND ANY OTHER PERSON REQUIRED BY THE CONFLICT OF INTEREST POLICY SHALL COMPLETE A PERSONAL DISCLOSURE STATEMENT PRIOR TO COMMENCING SERVICE FOR THE CORPORATION AND ON AT LEAST AN ANNUAL BASIS THEREAFTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROJECT CONSULTING 45,485 0 0 OTHER PROFESSIONAL SERVICES 38,219 0 0 OFFICE MANAGEMENT SERVICES 47,500 0 0 WEBSITE MANAGEMENT SERVICES 23,056 0 0 NEWS WATCH SERVICES 12,884 0 0 TOTAL 167,144 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0811 FIRST ST SUITE 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HUDSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054016
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
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ReturnHeader/ReturnTs02023-11-13T13:08:18-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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