Zemurray Foundation
- Assets
- $114.7m
- Revenue
- $12.3m
- Investments
- $103.3m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/1952
- Data as of
- 12/2021
- EIN
- 72-0539603
Organization Overview
Zemurray Foundation is located in New Orleans, LA. The organization was established in 1952. 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. Zemurray 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, Zemurray Foundation generated $12.3m 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 (10.3%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Zemurray Foundation has awarded 72 individual grants totaling $20,403,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberley M Quintana Treas Asst Secretary | 40 | $175,200 | |
Tatiana C Jurzak Asst Dir | 40 | $97,500 | |
Haydee T Stone Vice President Director | 5 | $0 | |
Stephanie Stone Feoli Vice President Director | 20 | $0 | |
Thomas B Lemann Secretarydirector | 5 | $0 | |
Ludovico Feoli Co-Chairdirector | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Denis Villere Co | 12/30/21 | $533,264 |
Goldman Sachs | 12/30/21 | $261,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,160 |
| Dividends & Interest | $2,551,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,736,106 |
| Capital Gain Net Income | $9,736,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,289,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,200 |
| Other employee salaries and wages | $97,500 |
| Pension plans, employee benefits | $42,034 |
| Interest | $0 |
| Taxes | $193,858 |
| Depreciation | $7,778 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $790 |
| Printing and publications | $0 |
| Other expenses | $40,246 |
| Total operating and administrative expenses | $1,375,907 |
| Contributions, gifts, grants paid | $5,989,999 |
| Total expenses and disbursements | $7,365,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,128,247 |
| 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 | $88,219 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $41,663 |
| Other assets | $126,166 |
| Total assets | $114,716,842 |
| Accounts payable and accrued expenses | $81,819 |
| 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 | $81,819 |
Grants Awarded
Over the last fiscal year, Zemurray Foundation has awarded $12,124,999 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
SAMUAL Z STONE CIPR TRUST PURPOSE: RESEARCH | $3,000,000 |
TULANE UNIVERSITY PURPOSE: EDUCATION | $2,500,000 |
New Orleans, LA PURPOSE: ARTS AND CULTURE | $1,758,000 |
New Orleans, LA PURPOSE: RESEARCH | $1,025,000 |
New Orleans, LA PURPOSE: CONSERVATION | $755,000 |
EAP ZAMORANO PURPOSE: EDUCATION | $583,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |