Zarb Family Fund Inc
- Assets
- $1.1m
- Revenue
- $264.0k
- Investments
- $868.7k
- Employees
- 0
- Location
- Albany, NY
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 11-3353618
Organization Overview
Zarb Family Fund Inc is located in Albany, NY. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Zarb Family 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, Zarb Family Fund Inc generated $264.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $383.0k during the year ending 12/2021. While expenses have increased by 21.2% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia K Zarb President | 1 | $0 | |
Frank G Zarb Jr Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $33,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,728 |
| Capital Gain Net Income | $230,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $263,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $21,250 |
| Contributions, gifts, grants paid | $361,750 |
| Total expenses and disbursements | $383,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $264,247 |
| 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 | $1,132,901 |
| 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, Zarb Family Fund Inc has awarded $381,387 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LIST PURPOSE: GENERAL CHARITABLE PURPOSES | $215,187 |
SEE ATTACHED LIST PURPOSE: GENERAL CHARITABLE PURPOSES | $166,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |