Zeist Foundation Inc
- Assets
- $246.7m
- Revenue
- $12.0m
- Investments
- $239.4m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 58-1890927
Organization Overview
Zeist Foundation Inc is located in Atlanta, GA. The organization was established in 1990. 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. Zeist 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 12/2022, Zeist Foundation Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $18.4m during the year ending 12/2022. While expenses have increased by 4.7% 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.
Since 2020, Zeist Foundation Inc has awarded 301 individual grants totaling $32,785,136. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
MAYSON AVENUE COOPERATIVE, LLC IS A SINGLE MEMBER LIMITED LIABILITY COMPANY, DISREGARDED FOR TAX PURPOSES, WHOLLY-OWNED BY THE ZEIST FOUNDATION, INC. MAYSON AVENUE COOPERATIVE IS THE VEHICLE WHICH CARRIES OUT THE BULK OF THE FOUNDATION'S PLACE BASED PHILANTHROPIC ACTIVITIES. THE COMPANY IS AUTHORIZED TO ENGAGE IN ACTIVITIES IN FURTHERANCE OF EXCLUSIVELY CHARITABLE, SCIENTIFIC, RELIGIOUS, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRC. THE DIRECT CHARITABLE ACTIVITIES ENGAGED IN WERE BUILDING COMMUNITY SUPPORT AND SOLICITING NEIGHBORHOOD INPUT FOR A HOUSING REDEVELOPMENT PROJECT IN THE EDGEWOOD COMMUNITY OF ATLANTA, GEORGIA, AND PROVIDING EDUCATIONAL OPPORTUNITIES TO RESIDENTS OF THE PROJECT AND SURROUNDING NEIGHBORHOOD, INCLUDING THE MAINTENANCE OF THE EDGEWOOD COMMUNITY LEARNING GARDEN, IN COOPERATION WITH THE WYLDE CENTER, A LOCAL EDUCATIONAL CHARITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy J Brumley-Robitaille Co-President/director | 13 | $35,000 | |
R Brad Foster Vice President/director | 7 | $35,000 | |
Marie B Foster Co-President/director | 16 | $35,000 | |
Atiba Mbiwan Executive Director | 40 | $232,000 | |
Danielle Gray Assistant Director | 40 | $154,000 | |
Garry Long Property Manager | 40 | $106,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Zeist Company Llc | 12/30/22 | $1,075,000 |
Monitcello Associates Inc | 12/30/22 | $350,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,000 |
| Interest on Savings | $339,638 |
| Dividends & Interest | $1,278,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,311,264 |
| Capital Gain Net Income | $8,311,264 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,023,638 |
| Total Revenue | $11,964,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $491,000 |
| Other employee salaries and wages | $257,750 |
| Pension plans, employee benefits | $111,147 |
| Interest | $40,913 |
| Taxes | $316,925 |
| Depreciation | $75,860 |
| Occupancy | $61,581 |
| Travel, conferences, and meetings | $14,894 |
| Printing and publications | $0 |
| Other expenses | $3,976,634 |
| Total operating and administrative expenses | $7,054,074 |
| Contributions, gifts, grants paid | $11,345,806 |
| Total expenses and disbursements | $18,399,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,504,484 |
| 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 | $1,479,027 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $239,445,644 |
| Net Land, buildings, and equipment | $356,842 |
| Other assets | $900,000 |
| Total assets | $246,685,997 |
| 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 | $141,892 |
| Total liabilities | $141,892 |
Grants Awarded
Over the last fiscal year, Zeist Foundation Inc has awarded $11,345,806 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
3DE NATIONAL LLC PURPOSE: EDUCATION | $100,000 |
ACHIEVE ATLANTA PURPOSE: EDUCATION | $100,000 |
7 STAGES INC PURPOSE: ARTS & CULTURE | $35,000 |
ADAPTIVE LEARNING CENTER INC PURPOSE: EDUCATION | $20,000 |
AGAPE COMMUNITY CENTER PURPOSE: EDUCATION | $175,000 |
ATLANTA BOTANICAL GARDEN PURPOSE: HEALTH & HUMAN SERVICES | $50,000 |