Philip A Zaffere Foundation Inc
- Assets
- $18.8m
- Revenue
- $1.0m
- Investments
- $18.4m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 09/2016
- Data as of
- 07/2024
- EIN
- 81-3437018
Organization Overview
Philip A Zaffere Foundation Inc is located in Towson, MD. The organization was established in 2016. 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. Philip A Zaffere Foundation Inc 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 07/2024, Philip A Zaffere Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.5m during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Philip A Zaffere Foundation Inc has awarded 68 individual grants totaling $13,355,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis F Friedman Pres./treas. | 3.5 | $0 | |
Phyllis C Friedman Secretary | 2.5 | $0 | |
Freddie J Traub Vice Pres. | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Friedman & Friedman Llp | 7/30/24 | $111,793 |
T Rowe Price Associates Inc | 7/30/24 | $68,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,016 |
| Dividends & Interest | $362,197 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $653,779 |
| Capital Gain Net Income | $653,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,037,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $200,707 |
| Contributions, gifts, grants paid | $1,325,000 |
| Total expenses and disbursements | $1,525,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $440,051 |
| 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 | $18,820,278 |
| 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, Philip A Zaffere Foundation Inc has awarded $3,325,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF MD ST JOSEPH MEDICAL CTR PURPOSE: DIGESTIVE DISEASE CENTER | $400,000 |
UNIVERSITY OF MD SCHOOL OF MEDICINE PURPOSE: PROFESSORSHIP ENDOWMENT | $300,000 |
STEVENSON UNIVERSITY PURPOSE: LIBRARY | $200,000 |
SUNRISE DAY CAMPS ASSOCIATION PURPOSE: STEAM PROGRAM AT HORIZON DAY CAMP | $20,000 |
SUNRISE DAY CAMPS ASSOCIATION PURPOSE: HORIZON ON WHEELS PROGRAM | $50,000 |
EASTON DAY CARE CENTER INC PURPOSE: OPERATIONS | $10,000 |