ZARO FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ZARO FOUNDATION INC (EIN 22-3462296)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-07-07
IRS object ID
202201889349100705
Schema version
2021v4.0
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)
Return2022-07-07T11:12:50-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN550814038PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PETRIK & MURTHA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1400 OKERSON RD STE 2AAddressLine1Txt
CityFREEHOLDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07728ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223462296EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ZARO FOUNDATION INCBusinessNameLine1Txt
Business Name Line2C/O JEROLD L ZAROBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlZAROBusinessNameControlTxt
Phone9736435785PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line125 STRATFORD ROADAddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP105281122ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEROLD ZAROPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9736435785PhoneNum
Signature2022-06-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEROLDPersonFirstNm
Person LastZAROPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJANET PETRIK CPAPreparerPersonNm
PTINP00438791PTIN
Phone7323036060PhoneNum
Preparation2022-07-07PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$16,341FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$11DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11DividendsNetInvstIncmAmt
Dividends Adj Net Incm$11DividendsAdjNetIncmAmt
Total Rev And Expnss$25,011TotalRevAndExpnssAmt
Total Net Invst Incm$11TotalNetInvstIncmAmt
Total Adj Net Incm$11TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$1,500OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$375OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$560OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$560OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,060TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$375TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$560TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$46,130ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$46,130ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$48,190TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$375TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$46,690TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$23,179ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$11AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$39,521CashBOYAmt
Cash EOY$16,342CashEOYAmt
Cash EOYFMV$16,341CashEOYFMVAmt
Total Assets BOY$39,521TotalAssetsBOYAmt
Total Assets EOY$16,342TotalAssetsEOYAmt
Total Assets EOYFMV$16,341TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$39,521RetainedEarningBOYAmt
Retained Earning EOY$16,342RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$39,521TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$16,342TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$39,521TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$16,342TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$39,521TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$23,179ExcessRevenueOverExpensesAmt
Subtotal$16,342SubtotalAmt
Tot Net Ast Or Fund Balances EOY$16,342TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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 StateNJOrgReportOrRegisterStateCd
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
Individual With BooksJEROLD ZAROIndividualWithBooksNm
Phone9736435785PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line125 STRATFORD ROADAddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
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
LINDA ZARO
500 EAST 77TH STREET APT 1226NEW YORKNY10162TRUSTEE1.00$0$0$0
JEROLD ZARO
25 STRATFORD ROADHARRISONNY10528TRUSTEE1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$27,931AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$27,931TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$27,931AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$419CashDeemedCharitableAmt
Net Vl Noncharitable Assets$27,512NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,376MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,376MinimumInvestmentReturnAmt
Distributable Before Adj$1,376DistributableBeforeAdjAmt
Distributable Before Ded$1,376DistributableBeforeDedAmt
Distributable As Adjusted$1,376DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$46,690ExpensesAndContributionsAmt
Qualifying Distributions$46,690QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,376DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$49,787ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$32,297ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$39,950ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$33,250ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$49,038ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$204,322TotalExcessDistributionCyovAmt
Qualifying Distributions$46,690QualifyingDistributionsAmt
Applied To Current Year$1,376AppliedToCurrentYearAmt
Remaining Distri From Corpus$45,314RemainingDistriFromCorpusAmt
Total Corpus$249,636TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$49,787ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$199,849ExcessDistriCyovToNextYrAmt
Excess From Year4$32,297ExcessFromYear4Amt
Excess From Year3$39,950ExcessFromYear3Amt
Excess From Year2$33,250ExcessFromYear2Amt
Excess From Year1$49,038ExcessFromYear1Amt
Excess From Current Year$45,314ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
JEWISH HOME FOUNDATION OF NORTH
JERSEY INC10 LINK DRIVEROCKLEIGHNJ07647NONEPUBLICUNRESTRICTED$10,000
ST JUDES CHILDREN'S RESEARCH
HOSPITAL262 DANNY THOMAS PLACEMEMPHISTN381053678NONEPUBLICUNRESTRICTED$1,000
WORLD JEWISH CONGRESS
AMERICAN SECTION501 MADISON AVENUENEW YORKNY10022NONPUBLICUNRESTRICTED$1,000
PALM BEACH SYNAGOGUE
120 NORTH COUNTY ROADPALM BEACHFL33480NONEPUBLICUNRESTRICTED$180
SALESIAN SISTERS OF SAINT
JOHN BOSCO655 BELMONT AVEHALEDONNJ07508NONPUBLICUNRESTRICTED$250
VIN GLOBAL CIVIC ASSOCATION
97 APPLE STTINTON FALLSNJ07724NONEPUBLICUNRESTRICTED$1,000
JEWISH FAMILY SERVICE
OF METROWEST NJ256 COLUMBIA TURNPIKEFLORHAM PARKNJ07932NONEPUBLICUNRESTRICTED$5,000SUITE 105
AMERICAN FRIENDS OF THE HEBREW
UNIVERSITY199 WATER ST 11TH FLNEW YORKNY10038NONEPUBLICUNRESTRICTED$1,000
QUAKER RIDGE EMPLOYEE CHARITY FUND
146 GRIFFEN AVENUESCARSDALENY10583NONEPUBLICUNRESTRICTED$500
CONGREGATION SONS OF ISRAEL
1 POPLAR PLACEOCEANNJ07712NONEPUBLICUNRESTRICTED$900
CHHANGE
C/O BROOKDALE COM COLLEGELINCROFTNJ07738NONEPUBLICUNRESTRICTED$1,000765 NEWMAN SPRINGS ROAD
UNITED STATES HOLOCAUST
MEMORIAL MUSEUM100 RAOUL WALLENBERGE PLSW WASHINGTONDC20024NONEPUBLICUNRESTRICTED$1,000
CHABAD OF RUTGERS UNIVERSITY
170 COLLEGE AVENUERUTGERSNJ08901NONEPUBLICUNRESTRICTED$1,800
MUSEUM OF JEWISH HERITAGE
EDMOND J SAFRA PLAZANEW YORKNY10280NONEPUBLICUNRESTRICTED$1,00036 BATTERY PLACE
JOAN DANCY AND PALS INC
1 RIVERVIEW PLAZARED BANKNJ07701NONEPUBLICUNRESTRICTED$250PO BOX 5157
CHABAD HOUSE-LUBAVITCH INC
170 COLLEGE AVENUENEW BRUNSWICKNJ08901NONEPUBLICUNRESTRICTED$10,000
NATIONAL MS SOCIETY
PO BOX 4594NEW YORKNY10163NONEPUBLICUNRESTRICTED$250
ENGLEWOOD HEALTH FOUNDATION
350 ENGLE STREETENGLEWOODNJ07631NONEPUBLICUNRESTRICTED$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$46,130TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJEROLD ZAROContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line125 STRATFPRD ROADAddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
FieldValueIRS element (for citing)
Total Contributions$25,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
OTHER$500$500
NJ CRI FEE$60$60

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
Amt$1,500Amt
Net Investment Income$375NetInvestmentIncomeAmt

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