Zajac Fam Foundation Inc
- Assets
- $1.6m
- Revenue
- $39.0k
- Investments
- $991.1k
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 90-0781755
Organization Overview
Zajac Fam Foundation Inc is located in Lakewood, NJ. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Zajac Fam Foundation Inc 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, Zajac Fam Foundation Inc generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $531.3k during the year ending 12/2022. 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 |
|---|---|---|---|
David Zajac Founder | 0.25 | $0 | |
Shulamith Zajac Trustee | 0.25 | $0 | |
Saul Mizrahi Trustee | 0.25 | $0 | |
Chana Mizrahi Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $39,024 |
| Total Revenue | $39,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $4,019 |
| Contributions, gifts, grants paid | $527,300 |
| Total expenses and disbursements | $531,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,239 |
| 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 | $485,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $991,117 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,599,356 |
| 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, Zajac Fam Foundation Inc has awarded $40,460 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BAIS TOVA INC PURPOSE: FOR A RELIGIOUSHIGH SCHOOL | $5,000 |
BAIS YAKOV HAYUSHUN PURPOSE: FOR A SYNAGOGUE | $360 |
BAIS MORDECHAI PURPOSE: FOR A SYNAGOGUE | $3,600 |
CONG KOL ARYEH OF LAKEWOOD PURPOSE: FOR A SYNAGOGUE | $16,000 |
CONG SHEMEN LMINCHA PURPOSE: FOR A SYNAGOGUE | $10,000 |
KAHAL KIRYAT SEFER PURPOSE: FOR A SYNAGOGUE | $500 |