Walter J & Betty C Zable Foundation
- Assets
- $91.3m
- Revenue
- $5.3m
- Investments
- $90.8m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 08/1997
- Data as of
- 09/2023
- EIN
- 31-1540383
Organization Overview
Walter J & Betty C Zable Foundation is located in San Diego, CA. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Walter J & Betty C Zable 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 09/2023, Walter J & Betty C Zable Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $6.1m during the year ending 09/2023. While expenses have increased by 2.8% per year over the past 7 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.
Since 2015, Walter J & Betty C Zable Foundation has awarded 777 individual grants totaling $35,610,489. 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 |
|---|---|---|---|
Warren Magill President/director | 20 | $272,500 | |
Kathryn M Starr Secretary/director | 1.15 | $22,000 | |
Terri Magill Director | 1.15 | $5,988 | |
John D Thomas Treasurer/director | 1.15 | $22,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $98,024 |
| Dividends & Interest | $1,905,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $400,425 |
| Capital Gain Net Income | $400,425 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,908,617 |
| Total Revenue | $5,312,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $339,417 |
| Other employee salaries and wages | $6,437 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,588 |
| Depreciation | $0 |
| Occupancy | $26,065 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,340 |
| Total operating and administrative expenses | $1,063,206 |
| Contributions, gifts, grants paid | $5,040,017 |
| Total expenses and disbursements | $6,103,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,564 |
| Savings and temporary cash investments | $276,365 |
| 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 | $28,277,688 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,982 |
| Total assets | $91,275,609 |
| 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 | $2,796 |
| Total liabilities | $2,796 |
Grants Awarded
Over the last fiscal year, Walter J & Betty C Zable Foundation has awarded $5,040,017 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
ABC YOUTH FOUNDATION PURPOSE: GENERAL ASSISTANCE | $20,000 |
ALZHEIMER'S SAN DIEGO PURPOSE: GENERAL ASSISTANCE | $25,000 |
ANGELS FOSTER FAMILY NETWORK PURPOSE: GENERAL ASSISTANCE | $25,000 |
ARMED SERVICES YMCA PURPOSE: GENERAL ASSISTANCE | $75,000 |
ASELTINE SCHOOL PURPOSE: GENERAL ASSISTANCE | $20,000 |
AUTISM SOCIETY SAN DIEGO PURPOSE: GENERAL ASSISTANCE | $20,000 |