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Filing year 2024

INOVENT FOUNDATION FORMERLY JALALI FAMILY FOUNDATION

Newport Beach, California·EIN 26-0729549·NTEE T23 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$464k
Total assets
$1.3M
Total expenses
$75k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. INOVENT FOUNDATION FORMERLY JALALI FAMILY FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

President
Secretary
Chief Financial Officer

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$68k

Itemized grants

12

Median grant

$3k

RecipientLocationPurposeAmount
FARHANG FOUNDATIONLOS ANGELES, CAGENERAL OPERATIONS$18k
LA PHILHARMONICLOS ANGELES, CAGENERAL OPERATIONS$15k
COLUMBIA UNIVERSITYNEW YORK, NYGENERAL OPERATIONS$15k
COLUMBIA UNIVERSITYNEW YORK, NYGENERAL OPERATIONS$5k
PASADENA CITY COLLEGE FOUNDATIONPASADENA, CAGENERAL OPERATIONS$4k
IRANIAN AMERICAN WOMEN FOUNDATIONIRVINE, CAGENERAL OPERATIONS$3k
PACIFIC RESIDENT THEATREVENICE, CAGENERAL OPERATIONS$3k
IRANIAN AMERICAN WOMEN FOUNDATIONIRVINE, CAGENERAL OPERATIONS$2k
LAGUNA HILLS HIGH SCHOOLLAGUNA HILLS, CAGENERAL OPERATIONS$1k
IRANIAN AMERICAN WOMEN FOUNDATIONIRVINE, CAGENERAL OPERATIONS$1k
IRANIAN AMERICAN WOMEN FOUNDATIONIRVINE, CAGENERAL OPERATIONS$1k
LAGUNA HILLS HIGH SCHOOLLAGUNA HILLS, CAGENERAL OPERATIONS$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

INOVENT FOUNDATION FORMERLY JALALI FAMILY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$48k
$288k
2023
$464k
$75k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in California

INOVENT FOUNDATION FORMERLY JALALI FAMILY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in California earns a median of $60,111.

25th percentile
$18k
Median
$60,111
75th percentile
$150k
90th percentile
$291k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 1,889 organizations across 1,889 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for California
FAQ

Common questions about INOVENT FOUNDATION FORMERLY JALALI FAMILY FOUNDATION

What are INOVENT FOUNDATION FORMERLY JALALI FAMILY FOUNDATION's revenue and expenses?

In 2024, INOVENT FOUNDATION FORMERLY JALALI FAMILY FOUNDATION reported $464k in total revenue and $75k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.