Zmi Foundation INC FY2020 filing

Tax-deductible

St Albans, NY501(c)(3)Since 2012EducationEIN 45-5537211Revenue $174K in FY2020

On file with the IRSzmifoundation.org18803 Linden Blvd, 11412-4027 · St Albans, NYTax-exempt since Aug 2014Publicly supported — 509(a)(2)

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

501(c)(3) charity; gifts are tax-deductible.
32¢ of each $1 spent went to programs.
$75K 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

FY2020 · 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
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$215K
121% of total assets
Concern: liabilities are 121% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$174K
Spent
$199K
To programs
32%
Net assets
−$37K
By yearFY2020–FY2025
Revenue
$174K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$174K
FY2021$166K
FY2022$368K
FY2023$593K
FY2024$540K
FY2025$580K
Expenses
$199K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$224K
FY2022$355K
FY2023$615K
FY2024$575K
FY2025$549K
Net assets
−$37K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$37K
FY2021−$57K
FY2022$0
FY2023−$101K
FY2024−$136K
FY2025−$105K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $64K Management & general 68% · $135K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
$40,385Pt VII · Sec A
Executive Director
$30,000Pt VII · Sec A
Treasurer
$4,999Pt 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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

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

Questions for Zmi Foundation INC

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Provided by the organization

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2 programs · $64K · in their own filed words · FY2020
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.

$57Kprogram 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.

$7Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Fees for servicesLn 2g$174K
Other incomeLn 4–11$210
Gifts and grantsLn 1h$97
Money outPt IX
$199K
Ln 25
Programscol B$64K
Managementcol C$135K
Owns and owesPt X
−$37K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$177K
LiabilitiesLn 26$215K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97
Fees for servicesLn 2g$174K
Other incomeLn 4–11$210
Total revenueLn 12$174K
Assets in detailPt X, end of year
CashLn 1$166K
SavingsLn 2$493
Cash and savings togetherLn 1–2$167K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$177K
LiabilitiesLn 26$215K
Net assetsLn 32−$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$8K$167K
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$22K$177K
LiabilitiesLn 26$34K$215K
Net assetsLn 32−$12K−$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$77K$77K
Other salaries and wagesLn 7$13K$13K
Payroll taxesLn 10$9K$1K$7K
Management feesLn 11a$5K$5K
Advertising and promotionLn 12$165$165
Office expensesLn 13$12K$12K
TravelLn 17$3K$3K
InterestLn 20$66$66
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$68K$45K$23K
All other expensesLn 24e$10K$695$10K
Total functional expensesLn 25$199K$64K$135K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $580K$549K$31K−$105K 990 PDF
FY2024 $540K$575K−$35K−$136K 990 PDF
FY2023 $593K$615K−$22K−$101K 990 PDF
FY2022 $368K$355K$14K$0 990 PDF
FY2021 $166K$224K−$57K−$57K 990 PDF
FY2020 Viewing $174K$199K−$24K−$37K 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
See the full FY2020 990 (6 parts)
Part I · Summary $174,276 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,500$97
I-9 Program service revenuePrior year $388,655$173,969
I-10 Investment income$0
I-11 Other revenue$210
I-12 Total revenuePrior year $397,155$174,276
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $211,656$98,073
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $203,031$100,460
I-18 Total expensesPrior year $414,687$198,533
I-19 Revenue less expensesPrior year −$17,532−$24,257
Part VI · Governance 1 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $174,276 across 5 lines filed
VIII-1f All other contributions, gifts and grants$97
VIII-1h Total contributions, gifts and grants$97
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $173,969$173,969
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $210$210
VIII-12 Total revenueRelated to mission $174,179 · Unrelated business $0 · Excluded from tax $0$174,276
Part IX · Statement of functional expenses $198,533 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $76,587$76,587
IX-7 Other salaries and wagesPrograms $12,889$12,889
IX-10 Payroll taxesPrograms $1,238 · Management $7,359$8,597
IX-11a Management feesManagement $5,472$5,472
IX-12 Advertising and promotionPrograms $165$165
IX-13 Office expensesManagement $11,610$11,610
IX-17 TravelPrograms $3,433$3,433
IX-20 InterestManagement $66$66
IX-23 InsuranceManagement $1,305$1,305
IX-24 Other expenses (24a–d)Programs $45,448 · Management $22,636$68,084
IX-24e All other expensesPrograms $695 · Management $9,630$10,325
IX-25 Total functional expensesPrograms $63,868 · Management $134,665 · Fundraising $0$198,533
Part X · Balance sheet $177,423 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $7,850$166,163
X-2 Savings and temporary cash investmentsStart of year $493$493
X-4 Accounts receivableStart of year $11,772$9,767
X-10c Land, buildings and equipment, netStart of year $2,000$1,000
X-16 Total assetsStart of year $22,115$177,423
X-17 Accounts payable and accrued expensesStart of year $18,534$54
X-25 Other liabilities$8,924
X-26 Total liabilitiesStart of year $34,325$214,891
X-27 Net assets without donor restrictionsStart of year −$12,210−$37,468
X-32 Total net assets or fund balancesStart of year −$12,210−$37,468
X-33 Total liabilities and net assetsStart of year $22,115$177,423
Part XI · Reconciliation of net assets −$37,468 net assets at year end
XI-1 Total revenue$174,276
XI-2 Total expenses$198,533
XI-3 Revenue less expenses−$24,257
XI-4 Net assets at start of year−$12,210
XI-8 Prior period adjustments−$1,001
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$37,468

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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