Nazareth & Nila Festekjian Family Foundation
Only null% goes to programs Strong reserves Growing revenue
Nazareth & Nila Festekjian Family Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2007, with $1,046,030 in FY2024 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 20-8679656 Since 2007
Revenue (FY2024)
$1.0M
▲ 2446.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$85K
Net assets
$2.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Nazareth & Nila Festekjian Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating336 mo reserves · +92% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nazareth & Nila Festekjian Family Foundation: 336 mo reserves · +92% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Nazareth & Nila Festekjian Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nazareth & Nila Festekjian Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $112K (FY2013) to $1.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.4M
Operating margin
91.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4M
Total liabilities
$0
Net assets
$2.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,046,030▲2446% | $85,447▼2.2% | $2,393,419▲67.0% | $2,393,419▲67.0% | 990PF |
| 2023 | $41,086▲53.1% | $87,348▼13.1% | $1,432,836▼3.1% | $1,432,836▼3.1% | 990PF |
| 2022 | $26,833▲17.0% | $100,542▲33.1% | $1,479,098▼4.7% | $1,479,098▼4.7% | 990PF |
| 2021 | $22,932▼95.6% | $75,525▲51.8% | $1,552,807▼3.3% | $1,552,807▼3.3% | 990PF |
| 2020 | $524,689▲593% | $49,744▲74.8% | $1,605,400▲42.0% | $1,605,400▲42.0% | 990PF |
| 2019 | $75,729▼37.8% | $28,461▼2.7% | $1,130,455▲4.4% | $1,130,455▲4.4% | 990PF |
| 2018 | $121,807▼48.9% | $29,259▼47.2% | $1,083,187▲9.3% | $1,083,187▲9.3% | 990PF |
| 2017 | $238,254▼0.4% | $55,423▲90.0% | $990,639▲22.6% | $990,639▲22.6% | 990PF |
| 2016 | $239,129▲57.2% | $29,174▼3.1% | $807,808▲35.1% | $807,808▲35.1% | 990PF |
| 2015 | $152,116▲3.7% | $30,116▲24.5% | $597,853▲25.6% | $597,853▲25.6% | 990PF |
| 2014 | $146,718▲30.4% | $24,199▼10.4% | $475,853▲34.7% | $475,853▲34.7% | 990PF |
| 2013 | $112,495 | $26,998▲792% | $353,334▲31.9% | $353,334▲31.9% | 990PF |
| 2012 | — | $3,028 | $267,837▲488% | $267,837▲488% | 990PF |
| 2011 | — | $3,028▲17.7% | $45,576▼6.0% | $45,576▼6.0% | 990PF |
| 2010 | — | $2,572 | $48,463 | $48,463 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Nazareth & Nila Festekjian Family Foundation a legitimate nonprofit?
- Yes. Nazareth & Nila Festekjian Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8679656, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Nazareth & Nila Festekjian Family Foundation's EIN?
- Nazareth & Nila Festekjian Family Foundation's Employer Identification Number (EIN) is 20-8679656.
- How much revenue does Nazareth & Nila Festekjian Family Foundation report?
- Nazareth & Nila Festekjian Family Foundation reported $1,046,030 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nazareth & Nila Festekjian Family Foundation have?
- CharityIndex grades Nazareth & Nila Festekjian Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Nazareth & Nila Festekjian Family Foundation (EIN 20-8679656) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.