Zief Family Foundation Inc
- Assets
- $11.7m
- Revenue
- $1.2m
- Investments
- $8.5m
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 07/1988
- Data as of
- 06/2024
- EIN
- 94-1676472
Organization Overview
Zief Family Foundation Inc is located in San Mateo, CA. The organization was established in 1988. 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. Zief Family 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 06/2024, Zief Family Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $941.0k during the year ending 06/2024. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRINCIPAL PURPOSE OF THE FOUNDATION IS TO PROVIDE HOUSING AND FACILITIES FOR THE DEVELOPMENTALLY DISABLED BY PURCHASING HOMES AND FACILITIES FOR THE USE OF FAMILY HOUSING AND ADULT RESOURCES - FHAR, A NON-PROFIT AGENCY, IN ITS CHARITABLE PROGRAMS. THE HOMES AND FACILITIES PURCHASED BY THE FOUNDATION FOR THIS PURPOSE ARE LEASED TO FHAR ON FAVORABLE TERMS AT EXTREMELY BELOW FAIR MARKET RENTAL VALUES. THE FACILITIES LEASED TO FHAR ARE LONG TERM AND MAY BE RENEWED ON SUCH FAVORABLE TERMS. THE FOUNDATION ALSO FURNISHES SERVICES AND OTHERWISE PROVIDES FINANCIAL AND PROGRAMMATIC SUPPORT TO FAMILY HOUSING AND ADULT RESOURCES IN THEIR CHARITABLE PURPOSES TO PROVIDE SUPPORT AND ASSISTANCE TO INDIVIDUALS THAT HAVE DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curson Dave President | 5 | $0 | |
Kleinman Joann Chief Financial Officer | 0.5 | $0 | |
Gelzayd Reinart Director | 0.5 | $0 | |
Weinstein Allison Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $124,245 |
| Dividends & Interest | $101,333 |
| Net Rental Income | $558,059 |
| Net Gain on Sale of Assets | $1,429 |
| Capital Gain Net Income | $1,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,248,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,304 |
| Depreciation | $52,747 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $507,468 |
| Total operating and administrative expenses | $595,969 |
| Contributions, gifts, grants paid | $345,000 |
| Total expenses and disbursements | $940,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,089 |
| Savings and temporary cash investments | $1,239,872 |
| 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 | $580,272 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,282,156 |
| Other assets | $57,862 |
| Total assets | $11,728,525 |
| 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 |