Z Foundation
- Assets
- $3.7m
- Revenue
- $1.1m
- Investments
- $3.6m
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-6584655
Organization Overview
Z Foundation is located in Rochester, MN. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. Z 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 12/2021, Z Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $152.1k during the year ending 12/2021. While expenses have increased by 18.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Z Foundation has awarded 25 individual grants totaling $451,000. 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 |
|---|---|---|---|
Scott Zietlow Trustee | 1 | $0 | |
Jill Zietlow Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $392,115 |
| Interest on Savings | $1,382 |
| Dividends & Interest | $42,867 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $673,899 |
| Capital Gain Net Income | $673,899 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,110,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,141 |
| Contributions, gifts, grants paid | $123,000 |
| Total expenses and disbursements | $152,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,783 |
| 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 | $528,306 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,731,488 |
| 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, Z Foundation has awarded $123,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
RESURRECTION & LIFE LUTHERAN PURPOSE: PROGRAM SUPPORT | $82,500 |
GIFT OF LIFE TRANSPLANT HOUSE PURPOSE: PROGRAM SUPPORT | $17,500 |
RONALD MCDONALD HOUSE PURPOSE: PROGRAM SUPPORT | $5,000 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $5,000 |
GOOD SAMARITAN CLINIC PURPOSE: PROGRAM SUPPORT | $4,000 |
MINNESOTA RUSH YOUTH SOCCER PURPOSE: PROGRAM SUPPORT | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Z Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Baker Tilly Foundation Chicago, IL PURPOSE: CHARITABLE PURPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |