Zerhouni Family Charitable Foundation Inc
- Assets
- $6.6m
- Revenue
- $1.5m
- Investments
- $6.5m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 08/2002
- Data as of
- 06/2024
- EIN
- 14-1838642
Organization Overview
Zerhouni Family Charitable Foundation Inc is located in Norfolk, VA. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Zerhouni Family Charitable Foundation 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 06/2024, Zerhouni Family Charitable Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $635.7k during the year ending 06/2024. While expenses have increased by 15.4% per year over the past 9 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 2015, Zerhouni Family Charitable Foundation Inc has awarded 245 individual grants totaling $2,906,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee, Vice President | 0.1 | $0 | |
Name Not Listed Trustee, President | 0.1 | $0 | |
Name Not Listed Trustee, Treasurer & Secretary | 1 | $6,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $791,039 |
| Interest on Savings | $0 |
| Dividends & Interest | $170,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $507,871 |
| Capital Gain Net Income | $507,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,469,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,590 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,032 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $100,668 |
| Contributions, gifts, grants paid | $535,000 |
| Total expenses and disbursements | $635,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,324 |
| Savings and temporary cash investments | $0 |
| 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 | $6,526,201 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,589,525 |
| 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 | $3,095 |
| Total liabilities | $3,095 |
Grants Awarded
Over the last fiscal year, Zerhouni Family Charitable Foundation Inc has awarded $535,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: DEFENDS LEGAL RIGHTS | $3,000 |
AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE PURPOSE: ADVANCING SCIENCE FOR THE BENEFIT OF ALL PEOPLE | $5,000 |
BRYN MAWR PURPOSE: ENCOURAGE THE PURSUIT OF KNOWLEDGE AS PREPARATION FOR LIFE AND WORK | $5,000 |
CARE PURPOSE: PROVIDES WORLDWIDE HUMANITY SUPPORT | $3,000 |
CENTER STAGE PURPOSE: THEATRE | $1,000 |
CHILDREN'S LAW CENTER PURPOSE: SUPPORT IN MISSION TO FIGHT SO EVERY DC CHILD CAN GROW UP WITH A LOVING FAMILY, GOOD HEALTH AND A QUALITY EDUCATION | $2,500 |