The Zankel Scala Family Foundation
- Assets
- $15.8m
- Revenue
- $2.8m
- Investments
- $15.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-3005046
Organization Overview
The Zankel Scala Family 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. Zankel Scala 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 12/2022, Zankel Scala Family Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $984.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Zankel Scala Family Foundation has awarded 91 individual grants totaling $1,251,254. 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 |
|---|---|---|---|
Pia Scala-Zankel Co- Pres, Dir, Sec | 1 | $7,000 | |
James D Zankel Co- Pres, Dir, Treas | 40 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,527,123 |
| Interest on Savings | $573 |
| Dividends & Interest | $286,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$61,034 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,481 |
| Total Revenue | $2,762,861 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $147,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,872 |
| Interest | $0 |
| Taxes | $5,100 |
| Depreciation | $0 |
| Occupancy | $9,482 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,992 |
| Total operating and administrative expenses | $287,840 |
| Contributions, gifts, grants paid | $696,754 |
| Total expenses and disbursements | $984,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $362,733 |
| 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 | $2,572,867 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,775,275 |
| 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, The Zankel Scala Family Foundation has awarded $696,754 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ART PRODUCTION FUND INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BROOKLYN ACADEMY OF MUSIC INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
BRIDGE FUND OF NEW YORK INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BRIC ARTS MEDIA BKLYN INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BROOKLYN BOTANIC GARDEN CORPORATION PURPOSE: GENERAL & UNRESTRICTED | $1,500 |