Zurn Foundation Inc
- Assets
- $4.1m
- Revenue
- $105.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 05/1955
- Data as of
- 10/2023
- EIN
- 39-6042029
Organization Overview
Zurn Foundation Inc is located in Milwaukee, WI. The organization was established in 1955. 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. Zurn 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 10/2023, Zurn Foundation Inc generated $105.2k 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 (32.7%) each year. All expenses for the organization totaled $607.0k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Zurn Foundation Inc has awarded 386 individual grants totaling $1,827,729. 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 |
|---|---|---|---|
Todd Adams Officer | 8 | $0 | |
Patricia Whaley Officer | 8 | $0 | |
Mark Peterson Officer | 8 | $0 | |
Charles Roy Director | 8 | $0 | |
Angela Hersil Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $103,894 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,275 |
| Capital Gain Net Income | $1,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,137 |
| Total operating and administrative expenses | $25,137 |
| Contributions, gifts, grants paid | $581,833 |
| Total expenses and disbursements | $606,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075,844 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,070,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,146,735 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $302,000 |
| 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 | $302,000 |
Grants Awarded
Over the last fiscal year, Zurn Foundation Inc has awarded $581,833 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
A C N M FOUNDATION INC PURPOSE: HEALTH | $750 |
AMERICAN HEART ASSOCIATION INC PURPOSE: HEALTH | $250 |
ANDOVER VOLUNTEER FIRE DEPARTMENT PURPOSE: SAFETY | $50 |
ANTIDEFAMATION LEAUGE PURPOSE: CIVIL RIGHTS | $250 |
ARCHDIOCESE OF MILWAUKEE PURPOSE: RELIGION | $1,500 |
ASBURY WOODS PARTNERSHIP PURPOSE: ENVIRONMENT | $200 |