Zmi Foundation INC

Tax-deductible

St Albans, NY501(c)(3)Since 2012EducationEIN 45-5537211

To provide a supportive, empowering, and effective after school curriculum and summer camp program

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $16K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 20% of spending
Top officer’s pay higher than 53% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Liabilities
$161K
286% of total assets
Concern: liabilities are 286% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$580K
+7% vs prior year
Spent
$549K
To programs
72%
Net assets
−$105K
By yearFY2020–FY2025
Revenue
$580K
FY2025▲ +7%
Revenue by fiscal year
FY2020$174K
FY2021$166K
FY2022$368K
FY2023$593K
FY2024$540K
FY2025$580K
Expenses
$549K
FY2025▼ -5%
Expenses by fiscal year
FY2020$199K
FY2021$224K
FY2022$355K
FY2023$615K
FY2024$575K
FY2025$549K
Net assets
−$105K
FY2025▲ +23%
Net assets by fiscal year
FY2020−$37K
FY2021−$57K
FY2022$0
FY2023−$101K
FY2024−$136K
FY2025−$105K

From the FY2025 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CZmi Foundation INC
EINHdr · item D45-5537211
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2014
Year of formationHdr · item L2012
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSt Albans, NY
NTEE classificationIRS BMFEducation (B99)
WebsiteHdr · item Jwww.zmifoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$393K
Management & general28%$156K
Total functional expensesLn 25$549K

Finances

Money in and out, what it owns and owes

Spent on programs
72%
of spending reaches programs▲ +41% vs prior filing year
Surplus or deficit
+5%
as % of revenue, this year▲ +182% vs prior filing year
Revenue trend
+27%
avg. annual growth over 5 years▼ -17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$56K
FY2025▼ -48%
Total assets by fiscal year
FY2020$177K
FY2021$151K
FY2022$216K
FY2023$135K
FY2024$108K
FY2025$56K
Total liabilities
$161K
FY2025▼ -34%
Total liabilities by fiscal year
FY2020$215K
FY2021$208K
FY2022$216K
FY2023$235K
FY2024$244K
FY2025$161K
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$56K
Spent on programsPt IX · col B72%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$56K
Total liabilitiesLn 26$161K
Total net assetsLn 32−$105K

Statement of Revenue

Part VIII
Program service revenue$570K · 98%
Other revenue$10K · 2%
Program service revenue98%$570K
Other revenue2%$10K
Investment income$2
Total revenueLn 12$580K

Money in detail

Form 990 · FY2025 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments — · Operating expenses/yr $549K
Cash and easy-to-sell investments (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $393K · Total expenses $549K
72%
Management & General
Management & general $156K · Total expenses $549K
28%
Fundraising
Fundraising $0 · Total expenses $549K
0%
Cost to raise $1
Fundraising expense (3-yr avg) −$2K · Solicited contributions (3-yr avg) $18K
$-0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $580K
0%
Government reliance
Government grants — · Total revenue $580K
—
Earned-income share
Program service revenue $570K · Total revenue $580K
98%
Investment reliance
Investment income $2 · Total revenue $580K
<0.01%
Program self-sufficiency
Program service revenue $570K · Total expenses $549K
104%
Growth & trend
Revenue change from last year
This year $580K · Prior year $540K
+7%
Revenue, average yearly change over 5 years
FY2020 $174K · FY2025 $580K
+27%
Net assets change over the year
End of year −$105K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $580K · Expenses $549K
+5%
Debts compared to what it owns
Total liabilities — · Total assets $56K
—
Net assets compared to what it owns
Net assets −$105K · Total assets $56K
-186%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $56K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sharon Chambers · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $61K · Total expenses $549K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $223K · Total expenses $549K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 72%——
Spent on management, % of spending 28%——
Revenue growth 7%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$60,692Pt VII · Sec A
$50,692Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Sharon Chambers’s $61K as Executive Director is at the 53rd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sharon Chambers$60,692$60,000$60,000$43,401—$30,000
Dennis Chambers$50,692$50,000$50,000$53,123$59,615$40,385
Katryn Ganpat—$24,700$24,700$22,985$3,845$4,999
Edwin Victor———$4,395——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers supportive after-school and summer programs for youth development.

Provided by the organization

This section is blank until Zmi Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $393K of program spending, described in the organization's own filed words · FY2025.
01

Zmi foundation after school program is geared to serve as educational support for children at every level. The tae kwon do values implemented by our sister tae kwon do studio, zen masters, is at the heart of our after school program.

$324Kprogram expense
02

Zmi foundation summer camp is designed to provide a safe and educational environment for children during the summer months when they are most vulnerable to misguided behavior due to limited structure of their daily routines.

$69Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $580K$549K+7% 990 PDF
FY2024 $540K$575K-9% 990 PDF
FY2023 $593K$615K+61% 990 PDF
FY2022 $368K$355K+122% 990 PDF
FY2021 $166K$224K-5% 990 PDF
FY2020 $174K$199K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $579,651 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $569,941$569,941
VIII-3 Investment incomeUnrelated business $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,708$9,708
VIII-12 Total revenueRelated to mission $579,649 · Unrelated business $2 · Excluded from tax $0$579,651
Part IX · Statement of functional expenses $548,756 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $125$125
IX-5 Pay of current officers, directors and key staffPrograms $68,735 · Management $52,649$121,384
IX-7 Other salaries and wagesPrograms $81,869$81,869
IX-10 Payroll taxesPrograms $14,601 · Management $5,104$19,705
IX-12 Advertising and promotionPrograms $2,869$2,869
IX-16 OccupancyPrograms $10,564 · Management $42,286$52,850
IX-20 InterestManagement $3,586$3,586
IX-23 InsuranceManagement $8,724$8,724
IX-24 Other expenses (24a–d)Programs $204,881 · Management $25,321$230,202
IX-24e All other expensesPrograms $9,159 · Management $18,283$27,442
IX-25 Total functional expensesPrograms $392,803 · Management $155,953 · Fundraising $0$548,756
Part X · Balance sheet $56,165 assets, 8 lines filed
X-10c Land, buildings and equipment, netStart of year $84,405$56,165
X-16 Total assetsStart of year $108,263$56,165
X-17 Accounts payable and accrued expensesStart of year $33,710$21,491
X-25 Other liabilitiesStart of year $0$12,266
X-26 Total liabilitiesStart of year $243,834$160,841
X-27 Net assets without donor restrictionsStart of year −$135,571−$104,676
X-32 Total net assets or fund balancesStart of year −$135,571−$104,676
X-33 Total liabilities and net assetsStart of year $108,263$56,165
Part XI · Reconciliation of net assets −$104,676 net assets at year end
XI-1 Total revenue$579,651
XI-2 Total expenses$548,756
XI-3 Revenue less expenses$30,895
XI-4 Net assets at start of year−$135,571
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$104,676

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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