Sherman And Marjorie Zeigler Foundation Inc
- Assets
- $12.3m
- Revenue
- $1.2m
- Investments
- $10.1m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 31-1118863
Organization Overview
Sherman And Marjorie Zeigler Foundation Inc is located in Muncie, IN. The organization was established in 1985. 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. Sherman And Marjorie Zeigler 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, Sherman And Marjorie Zeigler Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $977.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sherman And Marjorie Zeigler Foundation Inc has awarded 82 individual grants totaling $2,655,900. 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 M Zeigler President | 37 | $125,467 | |
Stefan S Anderson Vice President | 0.5 | $0 | |
John E Worthen Secretary | 0.5 | $0 | |
Marla K Templeton Treasurer | 0.5 | $0 | |
Ronald Spangler Director | 0.5 | $0 | |
Jennifer Mearns Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2 |
| Interest on Savings | $32,551 |
| Dividends & Interest | $241,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $962,067 |
| Capital Gain Net Income | $962,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,235,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,467 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $35,234 |
| Interest | $0 |
| Taxes | $18,146 |
| Depreciation | $184 |
| Occupancy | $6,375 |
| Travel, conferences, and meetings | $360 |
| Printing and publications | $0 |
| Other expenses | $8,446 |
| Total operating and administrative expenses | $256,500 |
| Contributions, gifts, grants paid | $721,075 |
| Total expenses and disbursements | $977,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,428 |
| Savings and temporary cash investments | $2,140,689 |
| 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 | $2,007,152 |
| Net Land, buildings, and equipment | $581 |
| Other assets | $9,506 |
| Total assets | $12,256,536 |
| 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 | $11,683 |
| Total liabilities | $11,683 |
Grants Awarded
Over the last fiscal year, Sherman And Marjorie Zeigler Foundation Inc has awarded $721,075 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BALL STATE UNIVERSITY FOUNDATION PURPOSE: RINARD ORCHID GREENHOUSE; GATEWAY PLAZA | $25,000 |
CARDINAL GREENWAY INC PURPOSE: ANNUAL OPERATING SUPPORT | $5,000 |
CITY OF MUNCIE PURPOSE: 1,000 TREES IN 1,000 DAYS PROJECT | $30,000 |
COMMUNITY ENHANCEMENT PROJECTS INC PURPOSE: HALF URBAN FORESTER PAYROLL; ANNUAL OPERATING SUPPORT; FUTURE ENHANCEMENT AND BEAUTIFICATION PROJECTS; MUNCIE MEMORY SPIRAL | $332,375 |
COMMUNITY FOUNDATION OF MUNCIE & DELAWARE COUNTY INC PURPOSE: ANNUAL OPERATING SUPPORT; FUNDERS' FORUM SUPPORT | $15,000 |
DELAWARE COUNTY HISTORICAL SOCIETY PURPOSE: ANNUAL OPERATING SUPPORT; COMMUNITY PROJECTS | $2,500 |