Zimmerman Mindful Asset Foundation
- Assets
- $737.6k
- Revenue
- $214.9k
- Investments
- $727.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 84-3220039
Organization Overview
Zimmerman Mindful Asset Foundation is located in Wilmington, DE. 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. Zimmerman Mindful Asset 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, Zimmerman Mindful Asset Foundation generated $214.9k 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 (12.1%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven D Zimmerman Dir, Pres, Sec, Treas | 1 | $0 | |
Susan K Zimmerman Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,000 |
| Interest on Savings | $36 |
| Dividends & Interest | $13,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,646 |
| Capital Gain Net Income | $90,257 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,445 |
| Total operating and administrative expenses | $10,045 |
| Contributions, gifts, grants paid | $17,000 |
| Total expenses and disbursements | $27,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,956 |
| 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 | $737,572 |
| 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, Zimmerman Mindful Asset Foundation has awarded $17,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ORDWAY CENTER FOR THE PERFORMING ARTS PURPOSE: CHARITABLE EVENT | $10,000 |
WORLD VISION PURPOSE: CLEAN WATER PROJECTS IN AFRICA | $5,000 |
AT HOME GROUP INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |