James And Lorraine Zerrusen Family Foundation
- Assets
- $948.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Teutopolis, IL
- Founding
- Data as of
- 12/2022
- EIN
- 84-2526371
Organization Overview
James And Lorraine Zerrusen Family Foundation is located in Teutopolis, IL. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. James And Lorraine Zerrusen Family 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 12/2022, James And Lorraine Zerrusen Family Foundation generated $1.5m 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 (11.2%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James And Lorraine Zerrusen Family Foundation has awarded 16 individual grants totaling $4,931,050. 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 |
|---|---|---|---|
William Zerrusen President | 1 | $0 | |
Joellen Zerrusen Director | 1 | $0 | |
Matthew Zerrusen Vice President | 1 | $0 | |
Neil Zerrusen Treasurer | 1 | $0 | |
Michele Niebrugge Secretary | 1 | $0 | |
Maci Meinhart Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,500,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $18,159 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,124 |
| Contributions, gifts, grants paid | $1,685,000 |
| Total expenses and disbursements | $1,704,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $908,421 |
| Savings and temporary cash investments | $0 |
| 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 | $39,751 |
| 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 | $948,172 |
| 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, James And Lorraine Zerrusen Family Foundation has awarded $1,685,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC MEDICAL ASSOCIATION PURPOSE: GENERAL | $150,000 |
NEWMAN CONNECTION PURPOSE: GENERAL | $1,500,000 |
EFFINGHAM COUNTY FAIR ASSOCIATION PURPOSE: GENERAL | $5,000 |
THE STUDY SHOPPE PURPOSE: GENERAL | $5,000 |
SOUTHERN ILINOIS COMMUNITY FOUNDATION PURPOSE: GENERAL | $25,000 |