FARIS FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FARIS FOUNDATION (EIN 83-3109684)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-12-19
IRS object ID
202423549349300737
Schema version
2023v5.1
Note
A later return for the same period supersedes this one.
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-12-19T15:47:28-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN742181616PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WEINSTEIN SPIRA & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13773 RICHMOND AVENUE SUITE 900AddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77046ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN833109684EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FARIS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFARIBusinessNameControlTxt
Phone2816884569PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 SUGAR CREEK CENTER BLVD STE 315AddressLine1Txt
CitySUGAR LANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77478ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonASHA VIRANIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2816884569PhoneNum
Signature2024-12-19SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHOMERO CARRILLO JRPreparerPersonNm
PTINP00820356PTIN
Phone7136227000PhoneNum
Preparation2024-12-19PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Principal OfficerASHA VIRANIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 SUGAR CREEK CENTER BLVD STE 315AddressLine1Txt
CitySUGAR LANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77478ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,727,341GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.THEFARISFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionCARE PACKAGES - PROVIDING CURATED CARE PACKAGES NATIONWIDE TO CHILDREN WITH CANCER.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers144TotalVolunteersCnt
Total Gross UBI$95,192TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,652,000PYContributionsGrantsAmt
CY Contributions Grants$1,572,984CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$97,368PYInvestmentIncomeAmt
CY Investment Income$101,594CYInvestmentIncomeAmt
PY Other Revenue-$46,043PYOtherRevenueAmt
CY Other Revenue-$95,764CYOtherRevenueAmt
PY Total Revenue$1,703,325PYTotalRevenueAmt
CY Total Revenue$1,578,814CYTotalRevenueAmt
PY Grants And Similar Paid$983,784PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$852,648CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$162,157PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$235,672CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$105,871PYOtherExpensesAmt
CY Other Expenses$177,255CYOtherExpensesAmt
PY Total Expenses$1,251,812PYTotalExpensesAmt
CY Total Expenses$1,265,575CYTotalExpensesAmt
PY Revenues Less Expenses$451,513PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$313,239CYRevenuesLessExpensesAmt
Total Assets BOY$4,552,759TotalAssetsBOYAmt
Total Assets EOY$4,782,664TotalAssetsEOYAmt
Total Liabilities BOY$137,463TotalLiabilitiesBOYAmt
Total Liabilities EOY$72,157TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,415,296NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,710,507NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FARIS FOUNDATION BRINGS BRIGHTER DAYS AND BETTER TREATMENTS TO CHILDREN WITH CANCER. OUR WORK IS FOCUSED IN FOUR KEY AREAS: CHILDHOOD CANCER RESEARCH, CREATIVE ARTS PROGRAMS AT CHILDREN'S CANCER CENTERS, PUBLIC ENGAGEMENT AND AWARENESS AROUND CHILDHOOD CANCER, AND CARE PACKAGES FOR CHILDREN WITH CANCER.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$816,668ExpenseAmt
Grant$816,668GrantAmt
Revenue$0RevenueAmt
DescCHILDHOOD CANCER RESEARCH - WE FUND ORIGINAL AND TRANSFORMATIVE RESEARCH IN AREAS WHERE THERE IS HIGH NEED AND A HIGH POTENTIAL FOR IMPACT. OUR FOCUS IS ON IMMUNOTHERAPY FOR RARE CANCERS WHERE THE MORTALITY RATE HAS NOT CHANGED IN DECADES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$55,243ExpenseAmt
Grant$30,000GrantAmt
Revenue$0RevenueAmt
DescCREATIVE ART THERAPY PROGRAMS - THE FARIS FOUNDATION WORKS TO EMBED HIGHLY QUALIFIED, MASTERS-TRAINED ART THERAPISTS AND MUSIC THERAPISTS WITHIN CHILDREN'S CANCER CENTERS ACROSS THE COUNTRY. IN ADDITION, WE PROVIDE ONGOING ART ENGAGEMENTS AT NUMEROUS CHILDREN'S CANCER CENTERS WHICH ENGAGE PROFESSIONAL ARTISTS/ARTS EDUCATORS IN THE CONCEPTUALIZATION OF UNIQUE PROJECTS FOR EACH OF THESE EVENTS AND INVITE THE PARTICIPATION OF VOLUNTEERS FROM THE COMMUNITY FOR THE EVENT ITSELF.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$48,140ExpenseAmt
Grant$5,000GrantAmt
Revenue$3,718RevenueAmt
DescLET THERE BE GOLD - LET THERE BE GOLD IS OUR ANNUAL CHILDHOOD CANCER AWARENESS AND PUBLIC ENGAGEMENT CAMPAIGN. EVERY SEPTEMBER WE HOLD GOLD CELEBRATIONS IN CHILDREN'S CANCER CENTERS AND GALVANIZE COMMUNITIES AROUND THE CAUSE.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$61,772ExpenseAmt
Grant$980GrantAmt
DescCARE PACKAGES - PROVIDING CURATED CARE PACKAGES NATIONWIDE TO CHILDREN WITH CANCER.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$61,772TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$980TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$981,823TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee3EmployeeCnt
Employment Tax Returns Filed0EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonASHA VIRANIPersonNm
Phone2816884569PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 SUGAR CREEK CENTER BLVD STE 315AddressLine1Txt
CitySUGAR LANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77478ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ASHA JAMAL VIRANI
PRESIDENT40.00Yes (X)Yes (X)$0$0$0
FARID VIRANI
VICE PRESIDENT2.00Yes (X)Yes (X)$0$0$0
KRISTA BABINE
DIRECTOR1.00Yes (X)$0$0$0
SUSAN BLANEY
DIRECTOR1.00Yes (X)$0$0$0
NAUSHAD KERMALLY
DIRECTOR1.00Yes (X)$0$0$0
BONNA KOL
DIRECTOR1.00Yes (X)$0$0$0
LORI VETTERS
DIRECTOR1.00Yes (X)$0$0$0
JENNIE BIGGS
TREASURER2.00Yes (X)Yes (X)$0$0$0
ZAHRA DOSSA
SECRETARY1.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$899,529FundraisingAmt
All Other Contributions$673,455AllOtherContributionsAmt
Total Contributions$1,572,984TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$100,980TotalRevenueColumnAmt
Unrelated Business Revenue$100,980UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$14,123SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$13,509SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$614SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$614TotalRevenueColumnAmt
Related Or Exempt Func Income$6,402RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$5,788UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$34,800FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$899,529ContriRptFundraisingEventAmt
Fundraising Direct Expenses$135,018FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$100,218TotalRevenueColumnAmt
Exclusion-$100,218ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMERCHANDISE SALESDesc
Business458000BusinessCd
Total Revenue Column$4,454TotalRevenueColumnAmt
Related Or Exempt Func Income$4,454RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$4,454OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,578,814TotalRevenueColumnAmt
Related Or Exempt Func Income$10,856RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$95,192UnrelatedBusinessRevenueAmt
Exclusion-$100,218ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$852,648TotalAmt
Program Services$852,648ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$206,454TotalAmt
Management And General$206,454ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,370TotalAmt
Management And General$5,370ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$9,355TotalAmt
Management And General$9,355ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$14,493TotalAmt
Management And General$14,493ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,000TotalAmt
Management And General$2,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$7,739TotalAmt
Management And General$7,739ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,221TotalAmt
Management And General$3,221ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,250TotalAmt
Management And General$9,250ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$11,297TotalAmt
Management And General$11,297ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$14,573TotalAmt
Management And General$14,573ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CARE PACKAGES$60,792$60,792
PUBLIC AWARENESS$43,140$43,140
CREATIVE ARTS THERAPY$25,243$25,243

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,265,575TotalAmt
Program Services$981,823ProgramServicesAmt
Management And General$283,752ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,166,950BOYAmt
EOY$881,442EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$460,950EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$3,385,809BOYAmt
EOY$3,440,272EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,552,759BOYAmt
EOY$4,782,664EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$20,623EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$85,785BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51,678BOYAmt
EOY$51,534EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$137,463BOYAmt
EOY$72,157EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$4,415,296BOYAmt
EOY$4,710,507EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,415,296BOYAmt
EOY$4,710,507EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,552,759BOYAmt
EOY$4,782,664EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$313,239ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$18,028NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,142,384CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,342,873CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,445,560CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,704,106CurrentTaxYearMinus1YearAmt
Current Tax Year$1,607,783CurrentTaxYearAmt
Total$8,242,706TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,142,384CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,342,873CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,445,560CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,704,106CurrentTaxYearMinus1YearAmt
Current Tax Year$1,607,783CurrentTaxYearAmt
Total$8,242,706TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,335,146SubstantialContributorsTotAmt
Public Support Total170$6,907,560PublicSupportTotal170Amt
Total Support$8,242,706TotalSupportAmt
Public Support CY1700.83800PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescINVESTMENTSDesc
Book Value$3,440,272BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$3,440,272TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescACCRUED PAYROLLDesc
Amt$51,534Amt
FieldValueIRS element (for citing)
Total Liability$51,534TotalLiabilityAmt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF TOURNAMENTEvent1Nm
Gross Receipts Event1$892,669GrossReceiptsEvent1Amt
Charitable Contri Event1$899,529CharitableContriEvent1Amt
Gross Revenue Event1-$6,860GrossRevenueEvent1Amt
Rent Facility Costs Event1$18,448RentFacilityCostsEvent1Amt
Food And Beverage Event1$30,902FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$130,626OtherDirectExpensesEvent1Amt
Event2MARATHONEvent2Nm
Gross Receipts Event2$41,660GrossReceiptsEvent2Amt
Gross Revenue Event2$41,660GrossRevenueEvent2Amt
Other Direct Expenses Event2$4,392OtherDirectExpensesEvent2Amt
Gross Receipts Total$934,329GrossReceiptsTotalAmt
Charitable Contributions Tot$899,529CharitableContributionsTotAmt
Gross Revenue Total Events$34,800GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$18,448RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$30,902FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$135,018OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$184,368DirectExpenseSummaryEventsAmt
Net Income Summary-$149,568NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
TEXAS CHILDREN'S CANCER CENTER
6701 FANNIN ST 1400HOUSTONTX77030741100555501(C)(3)$721,668$0TWO PHASE ONE TRIALS IN IMMUNOTHERAPY IN PEDIATRIC REFRACTORY SOLID AND BRAIN TUMORS.
MOUNT SINAI KRAVIS CHILDREN'S HOSPITAL
1184 FIFTH AVENUENEW YORKNY10029131624096501(C)(3)$25,000$0TO ESTABLISH AN ART THERAPY FELLOWSHIP.
ST BALDRICK'S FOUNDATION
1333 SOUTH MAYFLOWER AVENUE SUITEMONROVIACA91016201173824501(C)(3)$100,000$0IMMUNOTHRAPY RESEARCH GRANT FOR OSTEOSARCOMA400

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Form And Line ReferencePART I, LINE 2FormAndLineReferenceDesc
ExplanationMONTHLY COMMUNICATION WITH THE RECIPIENT TO ENSURE PROGRAMMATIC OBJECTIVES ARE BEING MET, AND TO SUSTAIN COLLABORATIVE PROGRAM DEVELOPMENT. ADDITIONALLY, GRANT RECIPIENTS ARE EXPECTED TO SUBMIT REPORTING AND IMPACT ASSESSMENTS THROUGHOUT THE DURATION OF THE GRANT PERIOD.ExplanationTxt

Schedule O IRS990ScheduleO

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FORM 990, PART VI, SECTION A, LINE 2ASHA AND FARID VIRANI ARE MARRIED
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION'S FORM 990 IS PREPARED BY A HIRED ACCOUNTING FIRM AND IS SUBSEQUENTLY REVIEWED BY THE ORGANIZATION'S PRESIDENT BEFORE IT IS FILED
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REGULARLY REVIEWED AS AN AGENDA ITEM AT BOARD MEETINGS.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS ARE MADE PUBLICLY AVAILABLE UPON REQUEST
AMENDMENTS TO 2023 RETURNTHE AMENDED RETURN IS BEING FILED TO REFLECT THAT THE FARIS FOUNDATION HAS WRITTEN POLICIES FOR CONFLICT OF INTEREST (PART VI, SECTION B, ITEMS 12A, 12B, AND 12C)), WHISTLEBLOWERS (PART VI, SECTION B, ITEM 13), AND DOCUMENT RETENTION AND DESTRUCTION (PART VI, SECTION B, ITEM 14). ADDITIONALLY, IT IS DISCLOSING THAT THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION ON ITS WEBSITE (PART VI, SECTION C, ITEM 18).

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