ZELNAK PRIVATE FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
ZELNAK PRIVATE FOUNDATION (EIN 56-2115096)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-04
IRS object ID
202641249349101219
Schema version
2025v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-04T09:49:30-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RUSSELL W TRAVISONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12604 RIDGE RDAddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP276124716ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562115096EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ZELNAK PRIVATE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlZELNBusinessNameControlTxt
Phone9195222388PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1409 DRUMMOND DRIVEAddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27609ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHEN P ZELNAK JRPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2026-05-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRUSSELL W TRAVISONPreparerPersonNm
PTINP02044514PTIN
Phone9196225392PhoneNum
Preparation2026-05-04PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$897,873FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$46,320DividendsRevAndExpnssAmt
Dividends Net Invst Incm$46,320DividendsNetInvstIncmAmt
Total Rev And Expnss$46,320TotalRevAndExpnssAmt
Total Net Invst Incm$46,320TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$1,500OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,500OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,500TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,500TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$550,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$550,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$551,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,500TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$550,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$505,180ExcessRevenueOverExpensesAmt
Net Investment Income$44,820NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$45SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$46SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$46SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,398,000CorporateStockBOYAmt
Corporate Stock EOY$895,193CorporateStockEOYAmt
Corporate Stock EOYFMV$895,193CorporateStockEOYFMVAmt
Other Assets BOY$5,008OtherAssetsBOYAmt
Other Assets EOY$2,634OtherAssetsEOYAmt
Other Assets EOYFMV$2,634OtherAssetsEOYFMVAmt
Total Assets BOY$1,403,053TotalAssetsBOYAmt
Total Assets EOY$897,873TotalAssetsEOYAmt
Total Assets EOYFMV$897,873TotalAssetsEOYFMVAmt
Loans From Officers BOY$500LoansFromOfficersBOYAmt
Loans From Officers EOY$500LoansFromOfficersEOYAmt
Total Liabilities BOY$500TotalLiabilitiesBOYAmt
Total Liabilities EOY$500TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,402,553RetainedEarningBOYAmt
Retained Earning EOY$897,373RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,402,553TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$897,373TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,403,053TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$897,873TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,402,553TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$505,180ExcessRevenueOverExpensesAmt
Subtotal$897,373SubtotalAmt
Tot Net Ast Or Fund Balances EOY$897,373TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$623InvestmentIncomeExciseTaxAmt
Subtotal$623SubtotalAmt
Tax Based On Investment Income$623TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$13,518EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$13,518TotalPaymentsAndCreditsAmt
Overpayment$12,895OverpaymentAmt
Applied To ES Tax$12,895AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JP MORGAN PRIVATE BANKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4049262582PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13424 PEACHTREE RD NEAddressLine1Txt
Address Line2FLOOR 24AddressLine2Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30326ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
STEPHEN P ZELNAK JR
409 DRUMMOND DRRALEIGHNC27609TRUSTEE000.00$0$0$0
JUDY D ZELNAK
409 DRUMMOND DRRALEIGHNC27609TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,180,544AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$45AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,180,589TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,180,589AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,709CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,162,880NetVlNoncharitableAssetsAmt
Minimum Investment Return$58,144MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$58,144MinimumInvestmentReturnAmt
Tax Based On Investment Income$623TaxBasedOnInvestmentIncomeAmt
Total Tax$623TotalTaxAmt
Distributable Before Adj$57,521DistributableBeforeAdjAmt
Distributable Before Ded$57,521DistributableBeforeDedAmt
Distributable As Adjusted$57,521DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$550,000ExpensesAndContributionsAmt
Qualifying Distributions$550,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$57,521DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$741,681ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$398,193ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$446,923ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$924,508ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$659,879ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,171,184TotalExcessDistributionCyovAmt
Qualifying Distributions$550,000QualifyingDistributionsAmt
Applied To Current Year$57,521AppliedToCurrentYearAmt
Remaining Distri From Corpus$492,479RemainingDistriFromCorpusAmt
Total Corpus$3,663,663TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$741,681ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,921,982ExcessDistriCyovToNextYrAmt
Excess From Year4$398,193ExcessFromYear4Amt
Excess From Year3$446,923ExcessFromYear3Amt
Excess From Year2$924,508ExcessFromYear2Amt
Excess From Year1$659,879ExcessFromYear1Amt
Excess From Current Year$492,479ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSTEPHEN P ZELNAK JRContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CAROLINA BALLET
3401-131 ATLANTIC AVERALEIGHNC27604NONEPCCHARITABLE GENERAL SUPPORT$60,000
NCSU FOUNDATION
1210 VARSITY DR STE 202RALEIGHNC27606NONEPCCHARITABLE GENERAL SUPPORT$320,000
HAYES BARTON BAPTIST CHURCH
1800 GLENWOOD AVERALEIGHNC27608NONEPCCHARITABLE GENERAL SUPPORT$60,000
RALEIGH POLICE DEPARTMENT FTN
PO BOX 18283RALEIGHNC27619NONEPCCHARITABLE GENERAL SUPPORT$100,000
GEORGIA TECH FOUNDATION
190 NORTH AVENUEATLANTAGA30313NONEPCCHARITABLE GENERAL SUPPORT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$550,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$46,320ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$46,320ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$46,320TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockJPM M/M FUNDStockNm
EOY Book Value$895,193EOYBookValueAmt
EOYFMV$895,193EOYFMVAmt

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonSTEPHEN P ZELNAKLenderPersonNm
TitleTRUSTEETitleTxt
Loan Original$500LoanOriginalAmt
Balance Due$500BalanceDueAmt
Note2023-09NoteDt
Repayment TermsON DEMANDRepaymentTermsTxt
Security Provided BorrowerNONESecurityProvidedBorrowerTxt
Loan PurposeADVANCE TO FOUNDATIONLoanPurposeTxt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDIVIDEND RECEIVABLEDesc
BOY Book Value$5,008BOYBookValueAmt
EOY Book Value$2,634EOYBookValueAmt
EOYFMV$2,634EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
PROFESSIONAL FEES$1,500$1,500

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