ZARO FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: ZARO FOUNDATION INC (EIN 22-3462296)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-05-15
IRS object ID: 202421369349101267
Schema version: 2023v5.0
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-15T10:53:14-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	550814038	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PETRIK & MURTHA LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	20 GIBSON PLACE STE 100	AddressLine1Txt
City	FREEHOLD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07728	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	223462296	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ZARO FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ZARO	BusinessNameControlTxt
Phone	9736435785	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 SUNRISE AVE APT 406	AddressLine1Txt
City	PALM BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33480	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JEROLD ZARO	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	9736435785	PhoneNum
Signature	2024-05-10	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JEROLD	PersonFirstNm
Person Last	ZARO	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JANET PETRIK CPA	PreparerPersonNm
PTIN	P00438791	PTIN
Phone	7323036060	PhoneNum
Preparation	2024-05-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$39,703	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$50,000	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$1	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$1	DividendsAdjNetIncmAmt
Total Rev And Expnss	$50,001	TotalRevAndExpnssAmt
Total Net Invst Incm	$1	TotalNetInvstIncmAmt
Total Adj Net Incm	$1	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$2,000	AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss	$220	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$2,220	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$30,165	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$30,165	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$32,385	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$30,165	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$17,616	ExcessRevenueOverExpensesAmt
Net Investment Income	$1	NetInvestmentIncomeAmt
Adjusted Net Income	$1	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$22,087	CashBOYAmt
Cash EOY	$39,703	CashEOYAmt
Cash EOYFMV	$39,703	CashEOYFMVAmt
Total Assets BOY	$22,087	TotalAssetsBOYAmt
Total Assets EOY	$39,703	TotalAssetsEOYAmt
Total Assets EOYFMV	$39,703	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$22,087	RetainedEarningBOYAmt
Retained Earning EOY	$39,703	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$22,087	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$39,703	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$22,087	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$39,703	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$22,087	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$17,616	ExcessRevenueOverExpensesAmt
Subtotal	$39,703	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$39,703	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NJ	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	JEROLD ZARO	IndividualWithBooksNm
Phone	9736435785	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 SUNRISE AVE	AddressLine1Txt
Address Line2	APT 406	AddressLine2Txt
City	PALM BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33480	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt	Address Line2USAddress/AddressLine2Txt
LINDA ZARO
500 EAST 77TH STREET APT 1226	NEW YORK	NY	10162	TRUSTEE	000.00	$0	$0	$0
JEROLD ZARO
100 SUNRISE AVE	PALM BEACH	FL	33480	TRUSTEE	000.00	$0	$0	$0	APT 406

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$30,895	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$30,895	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$30,895	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$463	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$30,432	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,522	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,522	MinimumInvestmentReturnAmt
Distributable Before Adj	$1,522	DistributableBeforeAdjAmt
Distributable Before Ded	$1,522	DistributableBeforeDedAmt
Distributable As Adjusted	$1,522	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$30,165	ExpensesAndContributionsAmt
Qualifying Distributions	$30,165	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,522	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$39,950	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$33,250	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$49,038	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$45,314	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$14,691	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$182,243	TotalExcessDistributionCyovAmt
Qualifying Distributions	$30,165	QualifyingDistributionsAmt
Applied To Current Year	$1,522	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$28,643	RemainingDistriFromCorpusAmt
Total Corpus	$210,886	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$39,950	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$170,936	ExcessDistriCyovToNextYrAmt
Excess From Year4	$33,250	ExcessFromYear4Amt
Excess From Year3	$49,038	ExcessFromYear3Amt
Excess From Year2	$45,314	ExcessFromYear2Amt
Excess From Year1	$14,691	ExcessFromYear1Amt
Excess From Current Year	$28,643	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt	Business Name Line2RecipientBusinessName/BusinessNameLine2Txt
PALM BEACH SYNAGOGUE
120 NORTH COUNTY ROAD	PALM BEACH	FL	33480	NONE	PUBLIC	UNRESTRICTED	$1,800
CONGREGATION SONS OF ISRAEL
1 POPLAR PLACE	OCEAN	NJ	07712	NONE	PUBLIC	UNRESTRICTED	$900
JOAN DANCY AND PALS INC
1 RIVERVIEW PLAZA	RED BANK	NJ	07701	NONE	PUBLIC	UNRESTRICTED	$1,000	PO BOX 5157
BOSTON COLLEGE
140 COMMONWEALTH AVE	CHESTNUT HILL	MA	02467	NONE	PUBLIC	UNRESTRICTED	$1,500		UNIVERSITY
CHABAD HOUSE - LUBAVITCH
170 COLLEGE AVENUE	NEW BRUNSWICK	NJ	08901	NONE	PUBLIC	UNRESTRICTED	$10,000
ADL NEW YORKNEW JERSEY
605 THIRD AVENUE	NEW YORK	NY	10158	NONE	PUBLIC	UNRESTRICTED	$3,000
CENTRAL SYNAGOGUE
123 EAST 55TH STREET	NEW YORK	NY	10022	NONE	PUBLIC	UNRESTRICTED	$1,800
ALZHEIMER'S DRUG DISCOVERY
57 WEST 57TH STREET	NEW YORK	NY	10019	NONE	PUBLIC	UNRESTRICTED	$5,000	SUITE 904
CHHANGE
765 NEWMAN SPRINGS ROAD	LINCROFT	NJ	07738	NONE	PUBLIC	UNRESTRICTED	$500
AUTISM SPEAKS
1060 STATE ROAD	PRINCETON	NJ	08540	NONE	PUBLIC	UNRESTRICTED	$1,000	2ND FLOOR
THE GUATEMALAN TOMORROW FUND
PO BOX 3636	TEQUESTA	FL	33469	NONE	PUBLIC	UNRESTRICTED	$365
MONMOUTH COUNTY HISTORICAL ASSOCIAT
70 COURT STREET	FREEHOLD	NJ	07728	NONE	PUBLIC	UNRESTRICTED	$800
MEMORIAL SLOAN KETTERING CANCER
633 3RD AVENUE	NEW YORK	NY	10017	NONE	PUBLIC	UNRESTRICTED	$250	5TH FLOOR
TIGGER STAVOLA FOUNDATION
93 SHREWSBURY AVENUE	RED BANK	NJ	07701	NONE	PUBLIC	UNRESTRICTED	$1,500	SUITE 7
REBUILDING TOGETHER NYC
126 10TH STREET	BROOKLYN	NY	11215	NONE	PUBLIC	UNRESTRICTED	$500	A
87 CS SHARKS BOOSTER CLUB
1901 EAST 3RD STREET	JB MDL	NJ	08641	NONE	PUBLIC	UNRESTRICTED	$250

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$30,165	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$1	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	JEROLD ZARO	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 SUNRISE AVE	AddressLine1Txt
Address Line2	APT 4066	AddressLine2Txt
City	PALM BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33480	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$50,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$2,000	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
SUPPLIES	$190
NJ CRI FEE	$30

ZARO FOUNDATION INC: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

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