Zarpet Family Foundation
- Assets
- $35.7m
- Revenue
- $9.8m
- Investments
- $30.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-2650413
Organization Overview
Zarpet Family Foundation is located in Chicago, IL. The organization was established in 2019. 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. Zarpet 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, Zarpet Family Foundation generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Zarpet Family Foundation has awarded 30 individual grants totaling $3,356,460. 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 |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Vice President & Secretary | 1 | $0 | |
Name Not Listed Vice President | 1 | $0 | |
Name Not Listed Vice President | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,948,218 |
| Interest on Savings | $196,677 |
| Dividends & Interest | $533,881 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,861 |
| Capital Gain Net Income | $839,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,776,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,077 |
| Taxes | $122,977 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90 |
| Total operating and administrative expenses | $298,867 |
| Contributions, gifts, grants paid | $2,251,905 |
| Total expenses and disbursements | $2,550,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,627 |
| Savings and temporary cash investments | $5,390,588 |
| Net Accounts receivable | $120,837 |
| 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 | $51,731 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,427,436 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $32,266 |
| Total assets | $35,657,654 |
| Accounts payable and accrued expenses | $55,934 |
| Grants payable | $1,570,265 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $229,802 |
| Total liabilities | $1,856,001 |
Grants Awarded
Over the last fiscal year, Zarpet Family Foundation has awarded $2,356,460 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BOULDER JEWISH COMMUNITY CENTER PURPOSE: CULTURAL AND RELIGIOUS | $10,000 |
AH HAA SCHOOL FOR THE ARTS PURPOSE: EDUCATION | $50,000 |
COLORADO HORSE RESCUE PURPOSE: SOCIAL SERVICES | $100,000 |
CHILDREN'S MEDICAL CENTER FOUNDATION PURPOSE: HEALTH | $30,000 |
HEBREW DAY SCHOOL OF ANN ARBOR PURPOSE: CULTURAL AND RELIGIOUS | $25,000 |
THE UNIVERSITY OF COLORADO FOUNDATION PURPOSE: HEALTH | $511,460 |