Zell Entrepreneurship Foundation
- Assets
- $18.3m
- Revenue
- $426.0k
- Investments
- $7.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 81-3480255
Organization Overview
Zell Entrepreneurship Foundation is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zell Entrepreneurship 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, Zell Entrepreneurship Foundation generated $426.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $214.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Zell President & Special Director | 1 | $0 | |
Ellen Havdala Vice President & Director | 1 | $0 | |
Scott R Peppet Director | 1 | $0 | |
Lucille Mcfarland Vice President & Secretary | 1 | $0 | |
Michael Shiner Vice President & Treasurer | 1 | $0 | |
Philip G Tinkler Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $283,418 |
| Interest on Savings | $26,493 |
| Dividends & Interest | $124,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,132 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $426,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $101,589 |
| Printing and publications | $0 |
| Other expenses | $940 |
| Total operating and administrative expenses | $189,817 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $214,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $361,929 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $10,898,644 |
| 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 | $2,236,829 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,271,734 |
| Accounts payable and accrued expenses | $21,800 |
| 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 | $21,800 |
Grants Awarded
Over the last fiscal year, Zell Entrepreneurship Foundation has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN PURPOSE: EDUCATIONAL | $20,000 |
JUNIOR ECONOMIC CLUB OF CHICAGO PURPOSE: GENERAL | $5,000 |