Nonprofit · EIN 85-4041310
HOVEIDA FAMILY FOUNDATION
Tax-exempt · BAINBRIDGE IS, WA 98110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,773,555 | $3,534,619 | -$761,064 | $62,850,963 | $1,382 | $62,849,581 |
| December 31, 2023 | 990-PF | $869,769 | $3,799,263 | -$2,929,494 | $63,610,645 | $0 | $63,610,645 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,679,241
- Interest
- $104,735
- Net gain from sales of assets
- $851,002
- Other income
- $138,577
Expenses
- Grants and similar amounts paid
- $3,111,000
- Compensation of officers, directors and key employees
- $59,541
- Salaries, compensation and benefits (total)
- $8,944
- Disbursements for charitable purposes
- $3,222,526
- Excise tax on investment income
- $34,214
Balance sheet and other
- Total assets, start of year
- $63,610,645
- Total assets, end of year
- $62,850,963
- Total liabilities, end of year
- $1,382
- Net assets, end of year
- $62,849,581
- Fair market value of assets
- $67,192,468
- Qualifying distributions
- $3,222,526
- Net investment income
- $2,773,555
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMETHYST LUCILLE NELSON 4551 FLYING GOAT AVE NE STE A120, BAINBRIDGE ISLAND, WA 98110 | SECRETARY TREASURER | 20 | $59,541 | $4,590 |
| BAHMAN HOVEIDA 4551 FLYING GOAT AVE NE STE A120, BAINBRIDGE ISLAND, WA 98110 | PRESIDENT | 1 | $0 | $0 |
| REBECCA HOVEIDA 4551 FLYING GOAT AVE NE STE A120, BAINBRIDGE ISLAND, WA 98110 | VICE PRESIDENT | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMETHYST LUCILLE NELSON 4551 FLYING GOAT AVE NE STE A120, BAINBRIDGE ISLAND, WA 98110 | SECRETARY TREASURER | 20 | $91,375 | $2,000 |
| BAHMAN HOVEIDA 4551 FLYING GOAT AVE NE STE A120, BAINBRIDGE ISLAND, WA 98110 | PRESIDENT | 1 | $0 | $0 |
| REBECCA HOVEIDA 4551 FLYING GOAT AVE NE STE A120, BAINBRIDGE ISLAND, WA 98110 | VICE PRESIDENT | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4551 FLYING GOAT AVE NE UNIT A120, BAINBRIDGE IS, WA 98110-5477
- Signed the 990-PF
- BAHMAN HOVEIDA, PRESIDENT
- Phone
- (206) 717-0669
- Website
- HOVEIDAFOUNDATION.ORG
- Return prepared by
- DENDRON STUDIO 26 PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-4041310
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $62,850,963
- Income (IRS master file)
- $17,986,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,773,555 | $3,534,619 | $62,850,963 | IRS |
| 990-PF | December 2023 | $869,769 | $3,799,263 | $63,610,645 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-4041310).
Questions about HOVEIDA FAMILY FOUNDATION
- What is the EIN of HOVEIDA FAMILY FOUNDATION?
- The employer identification number (EIN) of HOVEIDA FAMILY FOUNDATION is 85-4041310.
- Is HOVEIDA FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to HOVEIDA FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HOVEIDA FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HOVEIDA FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOVEIDA FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of HOVEIDA FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $59,541 (AMETHYST LUCILLE NELSON, SECRETARY TREASURER).
- How much revenue does HOVEIDA FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,773,555, expenses of $3,534,619 and total assets of $62,850,963 at year end.
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All nonprofits in BAINBRIDGE IS · Washington · Philanthropy, voluntarism and grantmaking foundations