Walter J & Betty C Zable Foundation
- Assets
- $89.9m
- Revenue
- $8.9m
- Investments
- $87.0m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 08/1997
- Data as of
- 09/2021
- EIN
- 31-1540383
Organization Overview
Walter J & Betty C Zable Foundation is located in San Diego, CA. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Walter J & Betty C Zable 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 09/2021, Walter J & Betty C Zable Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $5.1m during the year ending 09/2021. While expenses have increased by 0.4% per year over the past 5 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, Walter J & Betty C Zable Foundation has awarded 577 individual grants totaling $25,679,141. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Magill President/director | 20 | $265,000 | |
William W Boyle Director | 1.15 | $22,000 | |
John D Thomas Treasurer/director | 1.15 | $22,000 | |
Kathryn M Starr Secretary/director | 1.15 | $22,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $379 |
| Dividends & Interest | $2,324,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,267,933 |
| Capital Gain Net Income | $4,267,933 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,347,843 |
| Total Revenue | $8,940,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $331,000 |
| Other employee salaries and wages | $3,881 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $213,994 |
| Depreciation | $0 |
| Occupancy | $25,492 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $559,402 |
| Total operating and administrative expenses | $1,158,451 |
| Contributions, gifts, grants paid | $3,967,491 |
| Total expenses and disbursements | $5,125,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,674 |
| Savings and temporary cash investments | $2,705,591 |
| 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 | $24,893,138 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,982 |
| Total assets | $89,922,595 |
| Accounts payable and accrued expenses | $2,994 |
| 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 | $263 |
| Total liabilities | $3,257 |
Grants Awarded
Over the last fiscal year, Walter J & Betty C Zable Foundation has awarded $3,967,491 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: GENERAL ASSISTANCE | $500,000 |
San Diego, CA PURPOSE: GENERAL ASSISTANCE | $250,000 |
San Diego, CA PURPOSE: GENERAL ASSISTANCE | $203,141 |
San Diego, CA PURPOSE: GENERAL ASSISTANCE | $180,000 |
Santee, CA PURPOSE: GENERAL ASSISTANCE | $179,350 |
Camp Pendleton, CA PURPOSE: GENERAL ASSISTANCE | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |