Michael Francis Zalla Memorial
- Assets
- $1.1m
- Revenue
- $50.6k
- Investments
- $1.0m
- Employees
- 0
- Location
- Edgewood, KY
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 61-1124767
Organization Overview
Michael Francis Zalla Memorial is located in Edgewood, KY. The organization was established in 1987. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Francis Zalla Memorial 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, Michael Francis Zalla Memorial generated $50.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $73.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Michael Francis Zalla Memorial has awarded 45 individual grants totaling $393,000. 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 |
|---|---|---|---|
A Martin Zalla President/tr | 0 | $0 | |
Sheila K Zalla Vp/secretary | 0 | $0 | |
Mary Zalla Forgiel Trustee | 0 | $0 | |
K Ellen Engelman Trustee | 0 | $0 | |
M Kathryn Gartner Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $33,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,253 |
| Capital Gain Net Income | $16,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $861 |
| Total Revenue | $50,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,765 |
| Total operating and administrative expenses | $13,938 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $73,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5 |
| Savings and temporary cash investments | $42,777 |
| 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 | $405,050 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,055,080 |
| 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, Michael Francis Zalla Memorial has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NKU FOUNDATION PURPOSE: EDUCATION | $50,000 |
NEW PERCEPTIONS INCS PURPOSE: SOCIAL SERVICES | $5,000 |
MADISON AVENUE CHRISTIAN CHURCH PURPOSE: RELIGIOUS | $5,000 |