Zierk Family Foundation
- Assets
- $39.1m
- Revenue
- $3.2m
- Investments
- $37.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/2013
- Data as of
- 12/2023
- EIN
- 46-2243181
Organization Overview
Zierk Family Foundation is located in Dallas, TX. The organization was established in 2013. 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. Zierk Family 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, Zierk Family Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Zierk Family Foundation has awarded 153 individual grants totaling $24,263,076. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS TO EDUCATION AND HEALTH-RELATED ORGANIZATIONS, FOCUSING PARTICULARLY ON CHILDREN AND THEIR NEEDS TO ENSURE A QUALITY CHILDHOOD AND SMOOTH TRANSITION TO ADULTHOOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David K Zierk President & Treasurer | 1 | $0 | |
Dawn M Zierk Vice President & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $687,609 |
| Dividends & Interest | $384,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,115,892 |
| Capital Gain Net Income | $2,115,892 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,187,862 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,000 |
| Total operating and administrative expenses | $25,351 |
| Contributions, gifts, grants paid | $2,990,000 |
| Total expenses and disbursements | $3,015,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,379,873 |
| 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 | $37,707,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,087,476 |
| 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, Zierk Family Foundation has awarded $2,990,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST TEE SF PURPOSE: TO TEACH GOLF TO YOUTH. | $300,000 |
FRIENDS OF UNITED HATZALAH PURPOSE: TO PROVIDE EMERGENCY MEDICAL SERVICES. | $10,000 |
CHRIST THE KING CATHOLIC CHURCH (DALLAS) PURPOSE: TO SUPPORT THE CHURCH. | $50,000 |
HOOVER INSTITUTION PURPOSE: TO SUPPORT THE UNIVERSITY. | $100,000 |
JIM SAUNDERS FUND PURPOSE: TO SUPPORT EDUCATION. | $25,000 |
NORTH TEXAS FOOD BANK PURPOSE: TO SUPPORT HUNGRY CHILDREN, SENIORS, AND FAMILIES. | $50,000 |