Zommer Foundation
- Assets
- $9.8m
- Revenue
- $329.4k
- Investments
- $9.6m
- Employees
- 0
- Location
- Davie, FL
- Founding
- Data as of
- 12/2022
- EIN
- 83-2484601
Organization Overview
Zommer Foundation is located in Davie, FL. 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. Zommer 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, Zommer Foundation generated $329.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $836.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Zommer Foundation has awarded 50 individual grants totaling $2,650,748. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Zommer Director | 0 | $0 | |
Sagi Zommer Director | 0 | $0 | |
Ariel Zommer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,704 |
| Dividends & Interest | $328,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$460 |
| Total Revenue | $329,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,940 |
| Printing and publications | $0 |
| Other expenses | $1,635 |
| Total operating and administrative expenses | $4,575 |
| Contributions, gifts, grants paid | $831,779 |
| Total expenses and disbursements | $836,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,451 |
| Savings and temporary cash investments | $0 |
| 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 | $9,829,981 |
| 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, Zommer Foundation has awarded $831,779 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TERAMOUNT LTD PURPOSE: DONATION | $100,000 |
ISRAEL AIR FORCE CENTER FOUNDATION PURPOSE: DONATION | $150,000 |
FLIGHT TLV LTD PURPOSE: DONATION | $150,000 |
FRIENDS OF ASOR FUND USA INC PURPOSE: DONATION | $15,000 |
CENTRAL FUND OF ISRAEL PURPOSE: DONATION | $29,800 |
AMERICA GIVES INC PURPOSE: DONATION | $30,000 |