Zanett Foundation
- Assets
- $777.8k
- Revenue
- $24.9k
- Investments
- $749.0k
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 84-1207478
Organization Overview
Zanett Foundation is located in Greenville, SC. The organization was established in 1992. 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. Zanett 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, Zanett Foundation generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $34.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Zanett Foundation has awarded 47 individual grants totaling $107,033. 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 |
|---|---|---|---|
Angelo L Zanett President | 0 | $4,000 | |
Gail Saunders Sec Treasure | 0 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $194 |
| Dividends & Interest | $24,356 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $341 |
| Capital Gain Net Income | $341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $912 |
| Total operating and administrative expenses | $10,430 |
| Contributions, gifts, grants paid | $24,250 |
| Total expenses and disbursements | $34,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,817 |
| 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 | $748,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $777,779 |
| 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, Zanett Foundation has awarded $24,250 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
REFORMED UNIVERSITY FELLOWSHIP PURPOSE: STUDENT TUITION | $2,000 |
OURAY MOUNTAIN RESCUE TEAM INC PURPOSE: GRANT FOR EQUIPMENT PURCHASES | $2,000 |
OURAY COUNTY HISTORICAL SOCIETY PURPOSE: GRANT FOR CAPITAL CAMPAIGN | $10,000 |
STRAW TO BREAD PURPOSE: GRANT FOR ORPHANAGE CARE - INDIGENT | $2,450 |
MONTROSE HISTORICAL SOCIETY PURPOSE: GRANT FOR EQUIPMENT | $2,000 |
HOPE WEST PURPOSE: GRANT FOR PALLIATIVE CARE FOR THE EL | $2,000 |