Galen And Karla Zerbe Family Foundation
- Assets
- $2.7m
- Revenue
- $25.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Glasgow, MT
- Founding
- Data as of
- 12/2023
- EIN
- 85-3832583
Organization Overview
Galen And Karla Zerbe Family Foundation is located in Glasgow, MT. 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. Galen And Karla Zerbe 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 12/2023, Galen And Karla Zerbe Family Foundation generated $25.4k 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 (64.5%) each year.
Since 2021, Galen And Karla Zerbe Family Foundation has awarded 42 individual grants totaling $297,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY COUNTY HOPE PROJECT, GLASGOW, MT 59230
GLASGOW PUBLIC SCHOOLS, GLASGOW, MT 59230
FRIENDS OF CHILDREN EVERYWHERE
STEPPIN' OUT MISSIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Galen Zerbe Director | 0 | $0 | |
Janae Simpson Director | 0 | $0 | |
Karla Zerbe Director | 0 | $0 | |
Regan Zerbe Director | 0 | $0 | |
Taylor Zerbe Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,086 |
| Dividends & Interest | $20,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,518 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,698 |
| Total operating and administrative expenses | $28,548 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $128,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,360 |
| 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 | $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 | $2,718,827 |
| 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, Galen And Karla Zerbe Family Foundation has awarded $100,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GLASGOW POOL FUND PURPOSE: GENERAL PURPOSE | $10,000 |
THE CHILDREN'S MUSEUM OF NORTHEAST MONTANA PURPOSE: GENERAL PURPOSE | $7,500 |
TWO RIVERS ECONOMIC GROWTH PURPOSE: GENERAL PURPOSE | $12,500 |
PROVISIONS INTERNATIONAL PURPOSE: GENERAL PURPOSE | $5,000 |
GLASGOW PUBLIC SCHOOLS PURPOSE: GENERAL PURPOSE | $10,000 |
VALLEY COUNTY HOPE PROJECT PURPOSE: GENERAL PURPOSE | $10,000 |