Zissu Family Foundation
- Assets
- $810.1k
- Revenue
- $179.6k
- Investments
- $766.4k
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 22-6612155
Organization Overview
Zissu Family Foundation is located in Short Hills, NJ. The organization was established in 1993. 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. Zissu Family 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 12/2022, Zissu Family Foundation generated $179.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $174.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Zissu Family Foundation has awarded 213 individual grants totaling $588,190. 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 |
|---|---|---|---|
Jeffrey A Zissu Trustee | 2 | $0 | |
Barbara Kushnick Trustee | 2 | $0 | |
Sandra Rosenbaum Trustee | 2 | $0 | |
Michael Magidson Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $120,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,587 |
| Capital Gain Net Income | $57,587 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,100 |
| Total Revenue | $179,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $678 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,478 |
| Contributions, gifts, grants paid | $166,390 |
| Total expenses and disbursements | $174,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,095 |
| 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 | $2,618 |
| Total assets | $810,148 |
| 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, Zissu Family Foundation has awarded $166,390 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S FOUNDATION OF AMERICA INC PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $1,000 |
AMERICAN FOUNDATION FOR AIDS RESEARCH PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $200 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $2,000 |
AMERICAN HEART ASSOCIATION PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $100 |
AMERICAN KIDNEY FUND PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $300 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $500 |