M B And Edna Zale Foundation
- Assets
- $36.0m
- Revenue
- $1.5m
- Investments
- $33.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1953
- Data as of
- 12/2023
- EIN
- 75-6037429
Organization Overview
M B And Edna Zale Foundation is located in Dallas, TX. The organization was established in 1953. 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. M B And Edna Zale 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, M B And Edna Zale Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, M B And Edna Zale Foundation has awarded 968 individual grants totaling $14,127,170. 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 |
|---|---|---|---|
Sheryl Fields Bogen Director | 0 | $0 | |
Ruth Suzman Director | 0 | $0 | |
Paul Gerard Director | 0 | $0 | |
Olivia Zale Vice-Chair Of The Board | 0 | $0 | |
Melissa Seltzer Payette Director | 0 | $0 | |
Margie Plough Chair Of The Board | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $805,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $643,249 |
| Capital Gain Net Income | $643,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $559 |
| Total Revenue | $1,545,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $165,020 |
| Other employee salaries and wages | $85,200 |
| Pension plans, employee benefits | $55,668 |
| Interest | $0 |
| Taxes | $37,525 |
| Depreciation | $925 |
| Occupancy | $21,621 |
| Travel, conferences, and meetings | $52,885 |
| Printing and publications | $0 |
| Other expenses | $204,135 |
| Total operating and administrative expenses | $704,468 |
| Contributions, gifts, grants paid | $1,254,120 |
| Total expenses and disbursements | $1,958,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,388,128 |
| 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 | $7,945 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $378,885 |
| Net Land, buildings, and equipment | $2,252 |
| Other assets | $141,342 |
| Total assets | $35,950,872 |
| Accounts payable and accrued expenses | $13,892 |
| Grants payable | $838,883 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,977 |
| Total liabilities | $871,752 |
Grants Awarded
Over the last fiscal year, M B And Edna Zale Foundation has awarded $2,264,613 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
ALL STARS PROJECT INC PURPOSE: EDUCATIONAL | $80,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: HEALTH/MEDICAL | $1,000 |
AMERICAN PARKINSON DISEASE ASSOCIATION PURPOSE: HEALTH/MEDICAL | $500 |
ANIMAL LEGAL DEFENSE FUND PURPOSE: CIVIC | $2,500 |
ART GUILD OF PORT WASHINGTON INC PURPOSE: ARTS / CULTURAL | $2,000 |
AUTISM SCIENCE FOUNDATION PURPOSE: HEALTH / MEDICAL | $20,000 |