Zussman Charitable Foundation
- Assets
- $1.5m
- Revenue
- $94.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Newton Centre, MA
- Founding
- 10/2002
- Data as of
- 09/2024
- EIN
- 65-6346730
Organization Overview
Zussman Charitable Foundation is located in Newton Centre, MA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Zussman Charitable 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 09/2024, Zussman Charitable Foundation generated $94.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $121.9k during the year ending 09/2024. While expenses have increased by 3.2% 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 2020, Zussman Charitable Foundation has awarded 235 individual grants totaling $484,214. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $46,527 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,713 |
| Capital Gain Net Income | $45,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,713 |
| Total Revenue | $93,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,961 |
| Total operating and administrative expenses | $24,028 |
| Contributions, gifts, grants paid | $97,839 |
| Total expenses and disbursements | $121,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,271 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,545,640 |
| 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 | $10,500 |
| Total liabilities | $10,500 |
Grants Awarded
Over the last fiscal year, Zussman Charitable Foundation has awarded $97,839 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
2 LIFE COMMUNITIES PURPOSE: UNRESTRICTED CHARITABLE GIFT | $9,200 |
ACTIVE MINDS PURPOSE: UNRESTRICTED CHARITABLE GIFT | $5,000 |
AANE ASPERGERAUTISM NETWORK PURPOSE: UNRESTRICTED CHARITABLE GIFT | $8,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED CHARITABLE GIFT | $150 |
BETH ISREAL LAHEY CLINIC PURPOSE: UNRESTRICTED CHARITABLE GIFT | $100 |
AS YOU SOW PURPOSE: UNRESTRICTED CHARITABLE GIFT | $10,000 |