M B And Edna Zale Foundation
- Assets
- $39.6m
- Revenue
- $3.1m
- Investments
- $35.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1953
- Data as of
- 12/2021
- EIN
- 75-6037429
Organization Overview
M B And Edna Zale Foundation is located in Dallas, TX. The organization was established in 1953. 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. M B And Edna Zale 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, M B And Edna Zale Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, M B And Edna Zale Foundation has awarded 683 individual grants totaling $9,432,704. 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 |
|---|---|---|---|
Leonard R Krasnow President | 40 | $190,119 | |
Sheryl Fields Bogen Director | 0 | $0 | |
Jennifer Cox Director | 0 | $0 | |
Elizabeth Asen Director | 0 | $0 | |
Gloria Landsberg Director Emeritus | 0 | $0 | |
Jeffrey Landsberg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $156,613 |
| Interest on Savings | $0 |
| Dividends & Interest | $594,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,308,103 |
| Capital Gain Net Income | $2,308,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,598 |
| Total Revenue | $3,098,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,119 |
| Other employee salaries and wages | $63,256 |
| Pension plans, employee benefits | $88,406 |
| Interest | $0 |
| Taxes | $54,968 |
| Depreciation | $1,314 |
| Occupancy | $20,485 |
| Travel, conferences, and meetings | $3,316 |
| Printing and publications | $0 |
| Other expenses | $62,037 |
| Total operating and administrative expenses | $507,367 |
| Contributions, gifts, grants paid | $1,150,105 |
| Total expenses and disbursements | $1,657,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,974,755 |
| 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 | $2,089 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $636,097 |
| Net Land, buildings, and equipment | $3,713 |
| Other assets | $73,907 |
| Total assets | $39,630,743 |
| Accounts payable and accrued expenses | $17,456 |
| Grants payable | $190,000 |
| 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 | $207,456 |
Grants Awarded
Over the last fiscal year, M B And Edna Zale Foundation has awarded $1,627,425 in support to 116 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY SERVICE - DALLAS PURPOSE: SOCIAL SERVICE/HUNGER RELIEF/HEALTH/MEDICAL | $115,600 |
Dallas, TX PURPOSE: EDUCATIONAL | $106,500 |
Dallas, TX PURPOSE: SOCIAL SERVICE | $100,000 |
SWIPE OUT HUNGER PURPOSE: HUNGER RELIEF | $80,000 |
HEBREW UNION COLLEGE - JIR PURPOSE: RELIGIOUS | $70,000 |
Houston, TX PURPOSE: SOCIAL SERVICE | $55,000 |
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 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
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 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |