Joseph G & Helen I Zimmerman Charitable Trust
- Assets
- $6.9m
- Revenue
- $207.7k
- Investments
- $6.6m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-1163711
Organization Overview
Joseph G & Helen I Zimmerman Charitable Trust is located in Traverse City, MI. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Joseph G & Helen I Zimmerman Charitable Trust 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, Joseph G & Helen I Zimmerman Charitable Trust generated $207.7k 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 (45.4%) each year. All expenses for the organization totaled $490.4k during the year ending 12/2023. 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 |
|---|---|---|---|
Huntington National Bank Co-Trustee | 5 | $72,534 | |
Philip E Rodgers Jr Co-Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $196,134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,583 |
| Capital Gain Net Income | $11,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,534 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $771 |
| Total operating and administrative expenses | $80,380 |
| Contributions, gifts, grants paid | $410,000 |
| Total expenses and disbursements | $490,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $253,528 |
| 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 | $249,649 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,893,578 |
| 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, Joseph G & Helen I Zimmerman Charitable Trust has awarded $410,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALMA COLLEGE PURPOSE: GENERAL FUND | $200,000 |
CHERRYLAND HUMANE SOCIETY PURPOSE: GENERAL FUND | $200,000 |
LEELANAU CONSERVANCY PURPOSE: PALMER WOODS CAMPAIGN | $5,000 |
THE FRATERNAL ORDER OF EAGLES AERIE NO 383 PURPOSE: FUNDRAISER | $5,000 |