Basil J & Marie Therese Zaloom Foundation
- Assets
- $197.9k
- Revenue
- $7.6k
- Investments
- $166.0k
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 12/2001
- Data as of
- 06/2023
- EIN
- 23-7329435
Organization Overview
Basil J & Marie Therese Zaloom Foundation is located in North Palm Beach, FL. The organization was established in 2001. 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. Basil J & Marie Therese Zaloom 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 06/2023, Basil J & Marie Therese Zaloom Foundation generated $7.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $12.0k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GRANTS REPORTED ON PART XIV ONLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Basil J Zaloom President | 1 | $0 | |
Marie-Therese Zaloom Vice President | 1 | $0 | |
John B Zaloom Treasurer | 1 | $0 | |
Stephen M Zaloom Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,583 |
| 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 | $0 |
| Total Revenue | $7,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $225 |
| Other expenses | $61 |
| Total operating and administrative expenses | $1,742 |
| Contributions, gifts, grants paid | $10,306 |
| Total expenses and disbursements | $12,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,886 |
| Net Accounts receivable | $39 |
| 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 | $197,888 |
| 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, Basil J & Marie Therese Zaloom Foundation has awarded $10,306 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF PALM BEACH PURPOSE: GENERAL OPERATIONS | $700 |
ST NICHOLAS CATHOLIC CHURCH PURPOSE: GENERAL OPERATIONS | $2,300 |
ST PAUL OF THE CROSS CATHOLIC CHURCH PURPOSE: GENERAL OPERATIONS | $1,870 |
CLARETIAN MISSIONARIES PURPOSE: GENERAL OPERATIONS | $100 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATIONS | $100 |
LITERACY COALITION OF PALM BEACH COUNTY PURPOSE: GENERAL OPERATIONS | $500 |