William Zimmerman Foundation
- Assets
- $7.6m
- Revenue
- $274.3k
- Investments
- $7.6m
- Employees
- 0
- Location
- Fairfield, IA
- Founding
- 03/1984
- Data as of
- 12/2023
- EIN
- 42-1223262
Organization Overview
William Zimmerman Foundation is located in Fairfield, IA. The organization was established in 1984. 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. William Zimmerman 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 12/2023, William Zimmerman Foundation generated $274.3k 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 (10.6%) each year. All expenses for the organization totaled $952.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William Zimmerman Foundation has awarded 84 individual grants totaling $4,845,000. 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 |
|---|---|---|---|
William M Doyle Jr Secretary, Director | 0.1 | $0 | |
David J Johnson President | 0.2 | $0 | |
Christopher J Podoll Director | 2 | $30,000 | |
John E Mallard Vice President | 1 | $5,678 | |
Susan E Chroman Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diana Donlon Karlenzig | 12/30/22 | $55,000 |
Clearlake Advisors Llc | 12/30/22 | $127,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,276 |
| Capital Gain Net Income | $150,276 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,414 |
| Total Revenue | $274,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,678 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $92 |
| Taxes | $5,026 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,106 |
| Printing and publications | $0 |
| Other expenses | $29,567 |
| Total operating and administrative expenses | $302,731 |
| Contributions, gifts, grants paid | $650,000 |
| Total expenses and disbursements | $952,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,025 |
| Savings and temporary cash investments | $33,328 |
| Net Accounts receivable | $611 |
| 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 | $7,570,495 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,611,459 |
| Accounts payable and accrued expenses | $32,642 |
| 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 | $32,642 |
Grants Awarded
Over the last fiscal year, William Zimmerman Foundation has awarded $650,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRE PUBLIC SCHOOLS FOUNDATION PURPOSE: GENERAL SUPPORT | $70,000 |
AFRICAN MISSION HEALTHCARE PURPOSE: GENERAL SUPPORT | $30,000 |
CENTER FOR FOOD SAFETY PURPOSE: GENERAL SUPPORT | $145,000 |
BOYS AND GIRLS CLUBS OF OAKLAND PURPOSE: GENERAL SUPPORT | $115,000 |
EARTH ISLAND INSTITUTE INC PURPOSE: GENERAL SUPPORT | $45,000 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: GENERAL SUPPORT | $25,000 |