The Lenny Zakim Fund Inc
- Assets
- $9.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 04-3485146
Organization Overview
The Lenny Zakim Fund Inc is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lenny Zakim Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenny Zakim Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lenny Zakim Fund Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lenny Zakim Fund Inc has awarded 435 individual grants totaling $5,103,225. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP DEEP RELATIONSHIPS TO ADVANCE SOCIAL, ECONOMIC, AND RACIAL JUSTICE. OUR MISSION IS TO LISTEN TO THOSE MOST IMPACTED BY INEQUITY AND PROVIDE THE FUNDING, ESSENTIAL RESOURCES, AND SUPPORT THEY NEED TO CREATE LASTING CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND MAKES SMALL AND MEANINGFUL GRANTS TO SUPPORT SOME OF THE MOST AMAZING AND EFFECTIVE GRASSROOTS PROGRAMS IN THE STATE. THE FUND CONTINUALLY NURTURES THESE ORGANIZATIONS TOWARD GROWTH AND SUSTAINABILITY BY PROVIDING THE RESOURCES, TRAINING AND OTHER SUPPORTS THAT ARE OFTEN UNAVAILABLE TO SMALL ORGANIZATIONS, INCLUDING GRANTMAKING, TRAINING AND NETWORKING, COUNSELING AND ADVICE, PUBLICITY AND PRO-BONO LEGAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Esteves Executive Director | Officer | 40 | $138,624 |
Suzi Kaitz Board Member, President | OfficerTrustee | 2 | $0 |
Timothy James Board Member, Vice President | OfficerTrustee | 2 | $0 |
Josh Zakim Board Member,clerk | OfficerTrustee | 2 | $0 |
Beth Dill Board Member, Treasurer | OfficerTrustee | 2 | $0 |
Yasmin Cruz Ferrine Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $265,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,178,366 |
| Noncash contributions included in lines 1a–1f | $57,878 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,443,866 |
| Total Program Service Revenue | $0 |
| Investment income | $86,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,692,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $799,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,123 |
| Compensation of current officers, directors, key employees. | $39,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,273 |
| Pension plan accruals and contributions | $7,383 |
| Other employee benefits | $12,030 |
| Payroll taxes | $25,120 |
| Fees for services: Management | $68,836 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,408 |
| Fees for services: Other | $6,536 |
| Advertising and promotion | $0 |
| Office expenses | $23,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,286 |
| All other expenses | $846 |
| Total functional expenses | $1,352,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,650 |
| Savings and temporary cash investments | $1,251,456 |
| Pledges and grants receivable | $1,103,337 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,475,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,833,074 |
| Accounts payable and accrued expenses | $1,230 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,061 |
| Total liabilities | $32,291 |
| Net assets without donor restrictions | $1,956,836 |
| Net assets with donor restrictions | $7,843,947 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,833,074 |
Grants Awarded
Over the last fiscal year, The Lenny Zakim Fund Inc has awarded $706,500 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Brighton, MA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Lynn, MA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
New Bedford, MA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Lenny Zakim Fund Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Benjamin B And Natalie O Levin Foundation Sarasota, FL PURPOSE: SERVE MISSION | $100 |
Endowment Analysis
| Beg. Balance | $6,738,770 |
| Earnings | $836,107 |
| Other Expense | $99,426 |
| Ending Balance | $7,475,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Yeshiva Har Torah Little Neck, NY | $25,134,621 | $10,742,196 |
Barry & Florence Friedberg Jewish Community Center Oceanside, NY | $8,558,277 | $8,336,665 |
Iyun Haparsha Inc Brooklyn, NY | $1,226,371 | $8,939,709 |
Mesivta Tifereth Israel Of Rizhin New York, NY | $1,964,047 | $8,557,757 |
Yad Yisroel Inc Brooklyn, NY | $1,720,841 | $8,774,997 |
Chabad On Campus International Inc Brooklyn, NY | $9,228,225 | $8,043,003 |
Yeshiva Of Machzikai Hadas Inc Brooklyn, NY | $6,396,943 | $6,826,323 |