Richard A Zappala Family Foundation
- Assets
- $5.5m
- Revenue
- $113.1k
- Investments
- $5.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 23-7876878
Organization Overview
Richard A Zappala Family Foundation is located in Pittsburgh, PA. The organization was established in 1997. 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. Richard A Zappala 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, Richard A Zappala Family Foundation generated $113.1k 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 (20.5%) each year. All expenses for the organization totaled $318.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard A Zappala Family Foundation has awarded 177 individual grants totaling $1,258,850. 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 |
|---|---|---|---|
Richard A Zappala Trustee | 0.75 | $0 | |
Nancy B Zappala Trustee | 0.6 | $0 | |
Lori Z Hardiman Managing Director | 2 | $35,000 | |
Jordan J Zappala Charitable Liaison | 1.5 | $25,000 | |
Kate J Hardiman Charitable Liaison | 0.5 | $0 | |
Matthew Hardiman Charitable Liaison | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $140,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,027 |
| Capital Gain Net Income | $1,030,088 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,045 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,100 |
| Total operating and administrative expenses | $155,977 |
| Contributions, gifts, grants paid | $162,750 |
| Total expenses and disbursements | $318,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,410 |
| 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 | $866,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,547,300 |
| 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, Richard A Zappala Family Foundation has awarded $162,750 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMD3 FOUNDATION PURPOSE: UNRESTRICTED | $2,000 |
BIG BROTHERS & SISTERS OF GREATER PITTSBURGH PURPOSE: UNRESTRICTED | $5,000 |
CENTER FOR HEARING AND COMMUNICATION PURPOSE: UNRESTRICTED | $2,500 |
CHRIST CHURCH WASHINGTON PARISH PURPOSE: UNRESTRICTED | $9,500 |
CLEVELAND CLINIC MARTIN HEALTH PURPOSE: UNRESTRICTED | $10,000 |
FLORIDA OCEANOGRAPHIC SOCIETY PURPOSE: UNRESTRICTED | $11,500 |