Frank J Zaher Charitable Tr
- Assets
- $1.1m
- Revenue
- $63.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Lakefield, MN
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 41-1824504
Organization Overview
Frank J Zaher Charitable Tr is located in Lakefield, MN. 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. Frank J Zaher Charitable Tr 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 12/2023, Frank J Zaher Charitable Tr generated $63.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $63.0k during the year ending 12/2023. While expenses have increased by 0.6% 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 2017, Frank J Zaher Charitable Tr has awarded 47 individual grants totaling $400,789. 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 |
|---|---|---|---|
Patrick Costello Trustee | 2.25 | $3,500 | |
Dale Temlitz Trustee | 2.25 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,412 |
| Capital Gain Net Income | $25,412 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,041 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $63,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,041 |
| 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 | $1,073,364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,083,405 |
| 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, Frank J Zaher Charitable Tr has awarded $54,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSON COUNTY PUBLIC LIBRARY PURPOSE: YOUTH READING PROGRAM | $4,000 |
JACKSON COUNTY HISTORICAL SOCIETY PURPOSE: UPGRADE BUILDING FOR HISTORICAL SOCI | $5,000 |
LAKEFIELD FOOD SHELF PURPOSE: FOOD FOR THE POOR & NEEDY | $15,000 |
JACKSON COUNTY CENTRAL SCHOOL PURPOSE: UPGRADE YOUTH BASEBALL FIELD | $20,000 |
PRAIRIE ECOLOGY BUS CENTER PURPOSE: EDUCATE CHILDREN ABOUT ENVIRONMENTAL | $4,000 |
SOUTHWEST INITIATIVE FOUNDATION PURPOSE: VARIOUS CHARITABLE ORGANIZATIONS | $1,000 |