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Nonprofiteer
← JACOB S ZWEIG FOUNDATION INC

Form 990 for tax year 2023

Filed by JACOB S ZWEIG FOUNDATION INC.

Totals

Total revenue
$546,612
Total expenses
$549,032
Contributions and grants received
$428,714
Grants paid
$261,688
Program service revenue
$0
Investment income
$1,023
Other revenue
$116,875
Total assets, end of year
$496,112
Total liabilities, end of year
$1,255
Net assets or fund balances, end of year
$494,857
Program services expenses (Part IX)
$501,679
Management and general expenses
$24,467
Fundraising expenses
$22,886
Program service expenses (Part III)
$501,679

Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $8,778

  • 1f · All other contributions, gifts and grants

    $419,936

  • 1g · Noncash contributions included above

    $203,317

  • 3 · Investment income

    total $1,023 · related or exempt $1,023

  • 8a · Fundraising events: gross income

    $247,397

  • 8a · Fundraising events: contributions included on line 1c

    $8,778

  • 8b · Fundraising events: direct expenses

    $130,522

  • 8c · Net income from fundraising events

    total $116,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $261,688 · program services $261,688

  • 7 · Other salaries and wages

    total $161,034 · program services $146,314 · management and general $11,120 · fundraising $3,600

  • 10 · Payroll taxes

    total $12,369 · program services $11,238 · management and general $854 · fundraising $277

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11e · Fees: professional fundraising services

    total $14,575 · fundraising $14,575

  • 13 · Office expenses

    total $5,186 · management and general $5,186

  • 14 · Information technology

    total $9,703 · program services $7,762 · management and general $1,941

  • 16 · Occupancy

    total $66,526 · program services $64,750 · management and general $1,776

  • 19 · Conferences, conventions and meetings

    total $291 · management and general $291

  • 22 · Depreciation, depletion and amortization

    total $9,893 · program services $5,500 · management and general $68 · fundraising $4,325

  • 23 · Insurance

    total $4,873 · program services $4,427 · management and general $337 · fundraising $109

  • 24a · Other expenses: LICENSES AND FEES

    total $394 · management and general $394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $370,704 · end of year $336,179

  • 8 · Inventories for sale or use

    beginning of year $89,516 · end of year $116,105

  • 10a · Land, buildings and equipment: cost or other basis

    $20,284

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,247

  • 10c · Land, buildings and equipment, net

    beginning of year $1,704 · end of year $10,037

  • 14 · Intangible assets

    beginning of year $28,800 · end of year $25,600

  • 15 · Other assets

    beginning of year $7,800 · end of year $8,191

  • 25 · Other liabilities

    beginning of year $497 · end of year $1,255

  • 31 · Retained earnings, endowment or other funds

    beginning of year $498,027 · end of year $494,857

Mission and programs · 2023

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE NEW AND GENTLY USED SHOES, SOCKS, BACKPACKS, SCHOOL SUPPLIES AND ATHLETIC GEAR TO CHILDREN AND FAMILIES IN NEED LIVING IN SOUTH FLORIDA.

  • SEE SCHEDULE O

    Expenses $261,688 · Grants $261,688

  • FROM INCEPTION THROUGH DECEMBER 31, 2023, IN JACOB'S SHOES HAS PROVIDED 233,304 PAIRS OF SHOES, 63,763 PAIRS OF SOCKS, 11,780 BACKPACKS WITH SCHOOL SUPPLIES AND 4,503 PIECES OF ATHLETIC EQUIPMENT TO LOCAL CHILDREN AND FAMILIES IN NEED. IN JACOB'S SHOES PARTNERS WITH HUNDREDS OF SCHOOLS, SOCIAL SERVICE AGENCIES, SHELTERS AND OTHER CHARITIES AND HAS ESTABLISHED AND MAINTAINED OVER 100 EMERGENCY SHOE CLOSETS THROUGHOUT SOUTH FLORIDA. MOST OF THE CHILDREN SERVED LIVE IN POVERTY. MANY ARE HOMELESS OR ARE LIVING IN SHELTERS. SOME ARE IN FOSTER CARE OR HAVE AGED OUT OF FOSTER CARE. SOME HAVE SPECIAL NEEDS. SOME ARE VICTIMS OF ABUSE OR NEGLECT AND HAVE BEEN REMOVED FROM THEIR HOMES. OTHERS ARE VICTIMS OF FIRES, FLOODS OR HURRICANES. SOME MUST WEAR SHOES THAT ARE TOO SMALL, HAVE HOLES OR DON'T HAVE SOLES. SOME KIDS HAVE NO SHOES AT ALL OR ARE FORCED TO SHARE SHOES WITH SIBLINGS OR PARENTS. WEARING ILL-FITTED OR DAMAGED SHOES IS UNHEALTHY FOR CHILDREN'S DEVELOPING FEET AND CAN CAUSE SERIOUS HEALTH ISSUES. IT CAN ALSO CAUSE THE CHILDREN TO EXPERIENCE SIGNIFICANT EMBARRASSMENT. WALKING TO AND AROUND SCHOOL BECOMES PAINFUL AND, IN SOME CASES, PREVENTS CHILDREN FROM ATTENDING CLASS REGULARLY OR PARTICIPATING IN SPORTS AND EXTRACURRICULAR ACTIVITIES. HAVING A GREAT PAIR OF WELL-FITTED SHOES HAS A LASTING, POSITIVE AFFECT ON A CHILD'S SELF-ESTEEM. IT ALSO DECREASES BULLYING AND REDUCES TRUANCY. OUR SHOES PROVIDE CHILDREN IN NEED THE OPPORTUNITY TO EXCEL IN ACADEMIA AND SPORTS SO THEY CAN WORK TOWARDS RECEIVING SCHOLARSHIPS TO COLLEGES AND UNIVERSITIES AND OPPORTUNITIES THEY WOULD NOT HAVE ACCESS TO OTHERWISE. THE SHOES WE PROVIDE ALLOW CHILDREN IN NEED TO ATTEND SCHOOL PREPARED AND WITH DIGNITY.

    Expenses $239,991

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Falcone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Galiszweski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alicia Gross

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Toni Mastrulo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Regent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Rossen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hope Shasha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Weinstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Henry Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harlene S Zweig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Murray J Zweig

    TREASURER

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202423119349302997

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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