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← ZIMMERMAN FUND FOR CHILDREN INC

Form 990 for tax year 2023

Filed by ZIMMERMAN FUND FOR CHILDREN INC.

Totals

Total revenue
$70,227
Total expenses
$264,395
Contributions and grants received
$0
Grants paid
$246,000
Program service revenue
$0
Investment income
$70,227
Other revenue
$0
Total assets, end of year
$4,490,679
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,490,679
Program services expenses (Part IX)
$246,000
Management and general expenses
$18,395
Fundraising expenses
$0
Program service expenses (Part III)
$246,000

Program services were 93.0% 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.

  • 3 · Investment income

    total $64,325 · excluded $64,325

  • 7a · Gross sales of assets other than inventory

    securities $5,902

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $5,902

  • 7d · Net gain or loss

    total $5,902 · excluded $5,902

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $246,000 · program services $246,000

  • 11a · Fees: management

    total $18,395 · management and general $18,395

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $4,312,187 · end of year $4,490,679

  • 27 · Net assets without donor restrictions

    beginning of year $4,312,187 · end of year $4,490,679

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE FOUNDATION WAS CREATED TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). THE FOUNDATION WAS CREATED TO FUND CHARITABLE ORGANIZATIONS AND PROGRAMS THAT DIRECTLY ASSIST CHILDREN WHO ARE AT RISK DUE TO SOCIO-ECONOMIC CHALLENGES, FAMILY PROBLEMS, BEHAVIORAL ISSUES OR OTHER FACTORS.

Activities or mission (Part I)

TO FUND CHARITABLE ORGANIZATIONS & PROGRAMS THAT DIRECTLY ASSIST AT-RISK CHILDREN.

  • PROVIDE GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE FOUNDATION BY ASSISTING CHILDREN WHO ARE AT RISK & SUPPORT THE MISSION OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC.

    Expenses $246,000 · Grants $246,000

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

Listed in Part VII

  • Michael I Friedman

    TREASURER & PUBLIC DIRECTO

    Total calculated
    $259,711
    From this org
    $0
    From related orgs
    $247,832
    Other
    $11,879
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,832 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,781 related
    Nontaxable benefits
    $0 + $2,098 related
    Filer's total
    $0 + $259,711 related

  • Ruth Miller

    PUBLIC DIRECTOR

    Total calculated
    $186,508
    From this org
    $0
    From related orgs
    $149,575
    Other
    $36,933
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,575 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,529 related
    Nontaxable benefits
    $0 + $30,404 related
    Filer's total
    $0 + $186,508 related

  • Michael Saxon

    PRESIDENT & PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Genine Macks Fidler

    VICE PRESIDENT & PUBLIC DI

    Total calculated
    $0
    Hours/week
    0.15

  • Mark Neumann

    SECRETARY & PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Lauren Klein

    ASSISTANT SECRETARY

    Total calculated
    $120,721
    From this org
    $0
    From related orgs
    $115,395
    Other
    $5,326
    Hours/week
    0.15 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART II, COLUMN A
THE DIRECTORS OF THE ZIMMERMAN FUND FOR CHILDREN, INC. RECEIVE NO COMPENSATION FOR THEIR SERVICES, HOWEVER, THREE OF THE DIRECTORS/OFFICERS ARE EMPLOYED BY THE SUPPORTED ENTITY, THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). ALL OF THE COMPENSATION AND BENEFITS ARE PAID BY THE ASSOCIATED, NONE OF IT IS ATTRIBUTABLE TO THE SERVICE AS A DIRECTOR AND/OR OFFICER OF THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 April 2024
IRS schema version
2023v5.0
Source object
202411009349300336

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