Zmi Foundation INC FY2022 filing

Tax-deductible

St Albans, NY501(c)(3)Since 2012EducationEIN 45-5537211Revenue $368K in FY2022

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.
92¢ of each $1 spent went to programs.
$124K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$216K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
+122% vs prior year
Spent
$355K
To programs
92%
Net assets
$0
By yearFY2020–FY2025
Revenue
$368K
FY2022▲ +122%
Tap a bar for its year
Revenue by fiscal year
FY2020$174K
FY2021$166K
FY2022$368K
FY2023$593K
FY2024$540K
FY2025$580K
Expenses
$355K
FY2022▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$224K
FY2022$355K
FY2023$615K
FY2024$575K
FY2025$549K
Net assets
$0
FY2022▲ +100%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

92 cents of each dollar spent went to programs.

Program services 92% · $328K Management & general 8% · $27K

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; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation
$53,123Pt VII · Sec A
Executive Dir.
$43,401Pt VII · Sec A
Treasurer
$22,985Pt VII · Sec A
Secretary
$4,395Pt 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 15aNo

Programs and updates

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

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Provided by the organization

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2 programs · $328K · in their own filed words · FY2022
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.

$262Kprogram 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.

$66Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$368K
Ln 12
Fees for servicesLn 2g$262K
Gifts and grantsLn 1h$104K
Other incomeLn 4–11$2K
Money outPt IX
$355K
Ln 25
Programscol B$328K
Managementcol C$27K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$216K
LiabilitiesLn 26$216K
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$262K
Investment incomeLn 3$93
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$0
Cash and savings togetherLn 1–2$89K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$98K
Other assetsLn 15$5K
Total assetsLn 16$216K
LiabilitiesLn 26$216K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$151K$89K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$98K
Total assetsLn 16$151K$216K
LiabilitiesLn 26$208K$216K
Net assetsLn 32−$57K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$124K$124K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$42K$42K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$13K$13K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$833$833
Office expensesLn 13$15K$10K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$39K$37K$2K
TravelLn 17$16K$13K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$231$231
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$83K$75K$8K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$355K$328K$27K$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 Viewing $368K$355K$14K$0 990 PDF
FY2021 $166K$224K−$57K−$57K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $368,408 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,017$103,600
I-9 Program service revenuePrior year $117,003$262,426
I-10 Investment income$93
I-11 Other revenuePrior year $287$2,289
I-12 Total revenuePrior year $166,307$368,408
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $81,624$178,750
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $142,033$175,807
I-18 Total expensesPrior year $223,657$354,557
I-19 Revenue less expensesPrior year −$57,350$13,851
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $368,408 across 10 lines filed
VIII-1f All other contributions, gifts and grants$103,600
VIII-1h Total contributions, gifts and grants$103,600
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $262,426$262,426
VIII-3 Investment incomeExcluded from tax $93$93
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,289$2,289
VIII-12 Total revenueRelated to mission $264,715 · Excluded from tax $93$368,408
Part IX · Statement of functional expenses $354,557 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $123,904$123,904
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $41,542$41,542
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $13,304$13,304
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $2,415$2,415
IX-12 Advertising and promotionPrograms $833$833
IX-13 Office expensesPrograms $9,699 · Management $5,674$15,373
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $37,247 · Management $1,667$38,914
IX-17 TravelPrograms $12,718 · Management $3,119$15,837
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $231$231
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $3,374$3,374
IX-23 InsuranceManagement $5,415$5,415
IX-24 Other expenses (24a–d)Programs $74,794 · Management $8,203$82,997
IX-24e All other expensesPrograms $10,418$10,418
IX-25 Total functional expensesPrograms $327,833 · Management $26,724 · Fundraising $0$354,557
Part X · Balance sheet $215,583 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $150,989$88,618
X-2 Savings and temporary cash investmentsStart of year $493$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$23,858
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$97,919
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$5,188
X-16 Total assetsStart of year $151,482$215,583
X-17 Accounts payable and accrued expensesStart of year $2,153$21,427
X-26 Total liabilitiesStart of year $208,066$215,583
X-32 Total net assets or fund balancesStart of year −$56,584$0
X-33 Total liabilities and net assetsStart of year $151,482$215,583
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$368,408
XI-2 Total expenses$354,557
XI-3 Revenue less expenses$13,851
XI-4 Net assets at start of year−$56,584
XI-8 Prior period adjustments$42,733
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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