Zakaria Family Foundation
- Assets
- $7.5m
- Revenue
- $774.4k
- Investments
- $6.7m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1607321
Organization Overview
Zakaria Family Foundation is located in Morristown, NJ. The organization was established in 2008. 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. Zakaria 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, Zakaria Family Foundation generated $774.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $854.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Zakaria Family Foundation has awarded 281 individual grants totaling $3,820,294. 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 |
|---|---|---|---|
Arshad Zakaria Chairman | 0.5 | $0 | |
Ann Stock Zakaria Trustee | 0.5 | $0 | |
Fareed Zakaria Trustee | 0.5 | $0 | |
James Higgins Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,487 |
| Dividends & Interest | $166,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $627,176 |
| Capital Gain Net Income | $627,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$20,924 |
| Total Revenue | $774,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112,419 |
| Total operating and administrative expenses | $127,661 |
| Contributions, gifts, grants paid | $727,000 |
| Total expenses and disbursements | $854,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,649 |
| 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 | $712 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $224,101 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $331,907 |
| Total assets | $7,540,427 |
| 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, Zakaria Family Foundation has awarded $727,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLYN DORFMAN DANCE COMPANY PURPOSE: EDUCATIONAL SUPPORT | $15,000 |
RUTGERS CANCER INSTITUTE OF NEW JER PURPOSE: RESEARCH, TREATMENT AND EDUCATION | $25,000 |
THE SEEING EYE PURPOSE: SUPPORT TRAINING OF SEEING EYE DOGS | $15,000 |
THE PINGRY SCHOOL PURPOSE: EDUCATION | $10,000 |
IPSWICH RIVER WATERSHED ASSOCIATION PURPOSE: PROTECT PUBLIC LAND, CLEAN AIR, AND CLEAN WATER | $2,500 |
SAVE THE CHILDREN PURPOSE: EDUCATION, AND WELFARE OF CHILDREN | $1,000 |