Joyce & Bernie Zimmerman Foundation
- Assets
- $812.6k
- Revenue
- $149.6k
- Investments
- $721.4k
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 12/2000
- Data as of
- 09/2023
- EIN
- 06-1599625
Organization Overview
Joyce & Bernie Zimmerman Foundation is located in Norwalk, CT. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joyce & Bernie Zimmerman Foundation 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 09/2023, Joyce & Bernie Zimmerman Foundation generated $149.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $58.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Zimmerman President - As Required | 0 | $0 | |
Bernard Zimmerman Vice-President | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,116 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $416 |
| Total Revenue | $149,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $865 |
| Total operating and administrative expenses | $49,648 |
| Contributions, gifts, grants paid | $8,897 |
| Total expenses and disbursements | $58,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,030 |
| Savings and temporary cash investments | $73,221 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $812,647 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joyce & Bernie Zimmerman Foundation has awarded $8,897 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD LUBAVITCH OF WESTPORT PURPOSE: UNRESTRICTED GENERAL SUPPORT | $300 |
CIRCLE OF CARE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $200 |
CAMP KESEM PURPOSE: UNRESTRICTED GENERAL SUPPORT | $500 |
DVCC PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50 |
MAKE A WISH FOUNDATION OF AMERICA PURPOSE: UNRESTRICTED GENERAL SUPPORT | $500 |
MIB AGENTS PURPOSE: UNRESTRICTED GENERAL SUPPORT | $3,000 |