Zolfo Foundation is located in Treasure Island, FL. The organization was established in 1997. 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. Zolfo 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, Zolfo Foundation generated $120.1k 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 (12.2%) each year. All expenses for the organization totaled $30.5k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,629 |
| Dividends & Interest | $10,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,718 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $273 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,640 |
| Printing and publications | $0 |
| Other expenses | $3,203 |
| Total operating and administrative expenses | $6,116 |
| Contributions, gifts, grants paid | $24,400 |
| Total expenses and disbursements | $30,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,811 |
| 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 | $472,400 |
| 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 |
Over the last fiscal year, Zolfo Foundation has awarded $24,400 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ST ANTHONY'S GUILD PURPOSE: ASST FOR FRANCISCAN FRIARS | $1,000 |
ST LAWRENCE SEMINARY PURPOSE: ASST FOR FRANCICAN FRIARS | $1,000 |
SEASIDE SEABIRD SANCTUARY PURPOSE: ASST FOR SEABIRDS | $1,000 |
MSGR SCANLAN HIGH SCHOOL PURPOSE: ASST FOR CATHOLIC EDUCATION | $9,000 |
THE GOATHOUSE REFUGE PURPOSE: CARE OF ABANDONED ANIMALS | $1,000 |
CARY ACADEMY PURPOSE: EDUCATION | $500 |