Zyne Family Foundation Inc
- Assets
- $21.0m
- Revenue
- $790.5k
- Investments
- $19.0m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 20-8982601
Organization Overview
Zyne Family Foundation Inc is located in Birmingham, AL. The organization was established in 2010. 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. Zyne Family 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 12/2023, Zyne Family Foundation Inc generated $790.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Zyne Family Foundation Inc has awarded 96 individual grants totaling $4,538,980. 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 |
|---|---|---|---|
Kimberly E Stephens President | 2 | $36,000 | |
Jenny T Stephens Vice President | 0.2 | $0 | |
Stanley C Huner Secretary/treasurer | 1 | $24,000 | |
Joseph R Stephens Jr Vice President/assistant Treasurer | 1 | $12,000 | |
Kimberly E Stephens Executive Director | 0.2 | $5,000 | |
Dana S Travis Class A Director | 0.2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $207 |
| Interest on Savings | $0 |
| Dividends & Interest | $887,608 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$97,342 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $790,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $125 |
| Taxes | $26,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $350 |
| Printing and publications | $0 |
| Other expenses | $78,873 |
| Total operating and administrative expenses | $245,109 |
| Contributions, gifts, grants paid | $943,580 |
| Total expenses and disbursements | $1,188,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,031,113 |
| 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 | $2,413,679 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,984,935 |
| 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 | $3,188 |
| Total liabilities | $3,188 |
Grants Awarded
Over the last fiscal year, Zyne Family Foundation Inc has awarded $943,580 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $125,000 |
CATHOLIC CENTER OF CONCERN PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $25,000 |
BIRMINGHAM METRO BAPTIST ASSOCIATION PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $10,000 |
CHILDREN'S HARBOR PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $10,000 |
COMMUNITY FOOD BANK OF CENTRAL ALABAMA PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $75,000 |
DEFENDERS FOR CHILDREN PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $23,000 |