Zephyr Foundation
- Assets
- $45.2m
- Revenue
- $524.1k
- Investments
- $41.5m
- Employees
- 0
- Location
- Wellington, TX
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 75-2647195
Organization Overview
Zephyr Foundation is located in Wellington, TX. The organization was established in 1996. 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. Zephyr 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 12/2023, Zephyr Foundation generated $524.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $458.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Zephyr Foundation has awarded 61 individual grants totaling $13,010,590. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Val White President | 20 | $0 | |
Pat White VP / Secretary | 0 | $0 | |
Charles W Darter Jr VP | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $139,061 |
| Dividends & Interest | $657,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$272,409 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $524,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $232 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,605 |
| Total operating and administrative expenses | $46,837 |
| Contributions, gifts, grants paid | $411,510 |
| Total expenses and disbursements | $458,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,659,250 |
| 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 | $41,525,764 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $49,640 |
| Total assets | $45,234,654 |
| 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, Zephyr Foundation has awarded $411,510 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WELLINGTON OPPORTUNITY CENTER INC PURPOSE: GENERAL OPERATING SUPPORT FOR 2021 | $26,510 |
WELLINGTON RITZ THEATRE INC PURPOSE: GENERAL OPERATING SUPPORT FOR 2021 AND GRANT FOR IMPROVEMENTS | $200,000 |
WELLINGTON SENIOR CITIZENS CENTER PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
COLLINGSWORTH COUNTY HOME DELIVERED MEALS PURPOSE: GRANT FOR OPERATING | $50,000 |
WELLINGTON ACTIVITY CENTER PURPOSE: GENERAL OPERATING SUPPORT FOR 2021 | $125,000 |