Mervat Zahid Cultural Foundation
- Assets
- $10.4m
- Revenue
- $448.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2975291
Organization Overview
Mervat Zahid Cultural Foundation is located in Greenwich, CT. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Mervat Zahid Cultural 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 12/2021, Mervat Zahid Cultural Foundation generated $448.1k in total revenue. All expenses for the organization totaled $398.6k during the year ending 12/2021. While expenses have increased by 84.6% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COSTS INCURRED TO PROVIDE STORAGE SPACE FOR THE DAHESH MUSEUM OF ART.
ASSOCIATION OF HISTORIANS OF NINETEETH-CENTURY ART HELP SUPPORT THE ORGANIZATION'S 19TH CENTURY ART WORLDWIDE JOURNAL USED BY ART HISTORIANS, UNIVERSITIES AND MUSEUMS, COLLECTORS, AUCTIONERS AND MANY OTHERS.
DAHESH MUSEUM OF ART PROVIDE FUNDING FOR THE DAHESH MUSEUM OF ART SYMPOSIUM AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mervat Zahid Chairman And Trustee | 5 | $0 | |
Amira Zahid President | 15 | $0 | |
Hoda Zahid Secretary And Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $215,775 |
| Interest on Savings | $6 |
| Dividends & Interest | $73,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,941 |
| Capital Gain Net Income | $158,941 |
| Net ST Capital Gain | $3,856 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $448,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $91,803 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $251,479 |
| Total operating and administrative expenses | $365,617 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $398,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,365 |
| Savings and temporary cash investments | $235,115 |
| 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 | $4,513,094 |
| Other assets | $3,339,233 |
| Total assets | $10,417,759 |
| 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, Mervat Zahid Cultural Foundation has awarded $33,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF HISTORIANS OF NINETEETH-CENTURY ART PURPOSE: HELP SUPPORT THE ORGANIZATION'S 19TH CENTURY ART WORLDWIDE JOURNAL USED BY ART HISTORIANS, UNIVERSITIES AND MUSEUMS, COLLECTORS, AUCTIONERS AND MANY OTHERS. | $30,000 |
Greenwich, CT PURPOSE: HELP SUPPORT THE ORGANIZATION ANNUAL SYMPOSIUM PROGRAM AND AWARDS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |