Mmz Foundation
- Assets
- $177.7k
- Revenue
- $38.5k
- Investments
- $174.3k
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 46-1541252
Organization Overview
Mmz Foundation is located in Bethlehem, PA. The organization was established in 2013. 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. Mmz 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, Mmz Foundation generated $38.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $55.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mmz Foundation has awarded 82 individual grants totaling $538,140. 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 |
|---|---|---|---|
J Michael Zaia VP & Directo | 0 | $0 | |
Anthony M Zaia Director | 0 | $0 | |
Joseph A Zaia Director | 0 | $0 | |
Andria M Zaia President/tr | 0 | $2,860 | |
Michael J Zaia Director | 0 | $0 | |
Marie Zaia Secretary & | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $12 |
| Dividends & Interest | $8,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2 |
| Capital Gain Net Income | $2 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,860 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $315 |
| Interest | $0 |
| Taxes | $161 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $219 |
| Total operating and administrative expenses | $5,405 |
| Contributions, gifts, grants paid | $50,065 |
| Total expenses and disbursements | $55,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,909 |
| Savings and temporary cash investments | $418 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $177,654 |
| 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 | $157 |
| Total liabilities | $157 |
Grants Awarded
Over the last fiscal year, Mmz Foundation has awarded $50,065 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BURN PREVENTION FOUNDATION PURPOSE: TO BENEFIT THE CHARITY'S PURPOSE | $20,000 |
NATIONAL MUSEUM OF INDUSTRIAL HIST PURPOSE: TO BENEFIT THE CHARITY'S PURPOSE | $2,700 |
CHILDRENS HOME OF EASTON PURPOSE: TO BENEFIT THE CHARITY'S PURPOSE | $13,600 |
COMMUNITY MUSIC SCHOOL PURPOSE: TO BENEFIT THE CHARITY'S PURPOSE | $5,000 |
UNC ATHLETICS PURPOSE: TO BENEFIT THE CHARITY'S PURPOSE | $3,000 |
BETHLEHEM ROTARY FOUNDATION PURPOSE: TO BENEFIT CHARITY'S PURPOSE | $765 |