Civic Intelligence

Banai Foundation

990EZ • Fiscal year 2023 • EIN 87-1315358

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 19, 2024

Organization Profilewww.banaifoundation.org
2341 Bedfordshire CirReston, VA 20191

(646) 706-6663

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

93rd percentile

97%

Higher net margin than 93% of similar nonprofits.

2023 filings • NTEE T50 • <$500k nonprofits • Source year 2023

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2023 filings • NTEE T50 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$171,875

No earlier filing loaded for comparison.

Net Assets

$171,875

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin93rd percentile

Revenue

$168,800

No earlier filing loaded for comparison.

Expenses

$4,925

No earlier filing loaded for comparison.

Net Income

$163,875

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2023: $171,875Net Assets 2023: $171,8752023Assets 2024: $551,375Liabilities 2024: $92,040Net Assets 2024: $459,3352024Assets 2025: $881,375Liabilities 2025: $429,240Net Assets 2025: $452,1352025

Highlighted filing

2023

Assets$171,875
Liabilities-
Net Assets$171,875
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$500K$0-$500KRevenue 2023: $168,800Expenses 2023: $4,925Net Income 2023: $163,8752023Revenue 2024: $0Expenses 2024: $92,040Net Income 2024: -$92,0402024Revenue 2025: $0Expenses 2025: $429,240Net Income 2025: -$429,2402025

Highlighted filing

2023

Revenue$168,800
Expenses$4,925
Net Income$163,875
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 19, 2024
Return Version
2023v4.0
Gross Receipts
$168,800
Mission and Program Overview

Mission

The Banai Foundations mission is to empower and support individuals through education community development and financial assistance. By providing scholarships grants and resources the foundation aims to create opportunities for personal and professional growth particularly for immigrants underserved communities and those in need of educational support.

The Banai Foundation was created in 2019 by the banai family to help humanity have a better life. We believe everyone is entitled to freedom of thought and choice and all individuals should respect each other as one. We support the necessity of fighting oppression defending the oppressed respecting human dignity and recognizing human rights.

Program Services

DescriptionGrantsExpenses
In the past year our nonprofit organization has successfully supported a refugee family in their resettlement journey by providing essential assistance. Through our program we were able to cover their rent for a safe and stable living environment ensuring the family had a secure place to call home. Additionally we facilitated access to nutritious food and met their basic essential needs including clothing and household essentials. Our efforts have not only alleviated the immediate financial burden on the family but have also empowered them to focus on rebuilding their lives and becoming self-sufficient. By addressing these fundamental needs we have enabled the family to establish a foundation for a brighter future and eased their transition into the community.$22,800$380
we recognize the importance of family involvement in a student's educational journey. Hence we have created a grant allowing 10 students who are eager to improve their English by working with local schools on after school activities.$17,000$175
During the holiday season our organization dedicated itself to bringing joy and support to families in need. Through our initiative we purchased a variety of toys bringing smiles to the faces of children and fostering a sense of happiness and excitement during the festive period. The joy and laughter witnessed among the kids were truly heartwarming and reflected the success of our efforts$6,500$225
Provided summer food party picnic$660$85
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ali BanaiPresidentPT$0--
Mehdi BanaiDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Banai Foundation
EIN
87-1315358
In Care Of
% Ali Banai
Address
2341 Bedfordshire Cir, Reston, VA 20191

Signing Officer

Name
Ali Banai
Title
President
Signed
2024-01-19
Supplemental Narrative

Additional Explanations

Part I, line 16

“| Other Expenses:, Amount:| Gas expense for transportation of food bank, $1725|”

Raw XML Appendix100 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0Ali Banai
IRS990EZ/BooksInCareOfDetail/PhoneNum06467066663
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02341 Bedfordshire Cir
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0reston
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd020191
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt08000
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0171875
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0168800
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0163875
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02000
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt08000
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0171875
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0168800
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt08000
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0171875
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt08000
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0171875
IRS990EZ/OccupancyRentUtltsAndMaintAmt01200
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt018
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt124
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Ali Banai
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Mehdi Banai
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01725
IRS990EZ/PrimaryExemptPurposeTxt0The Banai Foundation was created in 2019 by the banai family to help humanity have a better life. We believe everyone is entitled to freedom of thought and choice and all individuals should respect each other as one. We support the necessity of fighting oppression defending the oppressed respecting human dignity and recognizing human rights.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In the past year our nonprofit organization has successfully supported a refugee family in their resettlement journey by providing essential assistance. Through our program we were able to cover their rent for a safe and stable living environment ensuring the family had a secure place to call home. Additionally we facilitated access to nutritious food and met their basic essential needs including clothing and household essentials. Our efforts have not only alleviated the immediate financial burden on the family but have also empowered them to focus on rebuilding their lives and becoming self-sufficient. By addressing these fundamental needs we have enabled the family to establish a foundation for a brighter future and eased their transition into the community.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1we recognize the importance of family involvement in a student's educational journey. Hence we have created a grant allowing 10 students who are eager to improve their English by working with local schools on after school activities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2During the holiday season our organization dedicated itself to bringing joy and support to families in need. Through our initiative we purchased a variety of toys bringing smiles to the faces of children and fostering a sense of happiness and excitement during the festive period. The joy and laughter witnessed among the kids were truly heartwarming and reflected the success of our efforts
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3Provided summer food party picnic
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt022800
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt117000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt26500
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt3660
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0380
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt1175
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt2225
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt385
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt04925
IRS990EZ/TotalProgramServiceExpensesAmt0865
IRS990EZ/TotalRevenueAmt0168800
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.banaifoundation.org
IRS990ScheduleA/ChurchInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Gas expense for transportation of food bank, $1725|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Ali Banai
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Banai Foundation
ReturnHeader/Filer/BusinessNameControlTxt0BANA
ReturnHeader/Filer/EIN0871315358
ReturnHeader/Filer/ForeignPhoneNum06467066663
ReturnHeader/Filer/InCareOfNm0% Ali Banai
ReturnHeader/Filer/USAddress/AddressLine1Txt02341 Bedfordshire Cir
ReturnHeader/Filer/USAddress/CityNm0Reston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020191
ReturnHeader/ReturnTs02024-01-19T02:37:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$171,875
Liabilities
-
Net assets
$171,875
Revenue
$168,800
Expenses
$4,925
Net income
$163,875
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.81$4.29$4.52$0.00$4.29$4.29
2024Detailed filing. Detailed filing data is available for this year.$5.51$0.92$4.59$0.00$0.92$0.92
2023Detailed filing. Detailed filing data is available for this year.$1.72$1.72$1.69$0.05$1.64