Friends of Zara's Center Inc

Hunt Valley, MD | http://www.fozc.org

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GuideStar Charity Check

EIN: 82-5109515

Contributions tax deductible
as of May 2023

IRS BMF 509(a)(1)
as of May 08, 2023

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Charity Check report

Mission

Friends of Zara's Center supports Zara's Center in Bulawayo, Zimbabwe (www.zarascenter.org). Zara's Center is an after-school safe haven for AIDS orphans and vulnerable children. Friends of Zara's Center was set up to give American individuals and companies the opportunity to support the Center's incredible work. By raising funds and spreading awareness, Friends of Zara's Center helps ensure that Zara's children continue to receive life-changing services each day.

Ruling year info

2019

Board Chair

Ms. Lesley Goldwasser

Main address

201 International Circle Suite 230

Hunt Valley, MD 21030 USA

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EIN

82-5109515

Subject area info

Foundations

Nonprofits

Community service

International development

Population served info

Children

Preteens

Adolescents

Economically disadvantaged people

At-risk youth

NTEE code info

Public Foundations (T30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Programs and results

What we aim to solve

This profile needs more info.

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Zara's Center

Zara's Center is an after-school safe haven for AIDS orphans and vulnerable children. Friends of Zara's Center was set up to give American individuals and companies the opportunity to support the Center's incredible work. (www.zarascenter.org)

Population(s) Served

Children and youth

Economically disadvantaged people

Where we work

External reviews

Financials

Friends of Zara's Center Inc

Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Friends of Zara's Center Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$17,500
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$17,500

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$0
Occupancy	$0
Printing, Publications, Postage, etc.	$0
Other Expenses	$25
Total Expenses	$25
Net Gain/Loss	$17,475

Revenue
Contributions	$98,875
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$14
Total Revenue	$98,889

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$0
Occupancy	$0
Printing, Publications, Postage, etc.	$0
Other Expenses	$2,667
Total Expenses	$2,667
Net Gain/Loss	$96,222

Revenue
Contributions	$80,233
Program Services	$0
Investments	$18
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$80,251

Expenses
Grants	$12,756
Salaries & Employee Benefits	$0
Professional Fees	$0
Occupancy	$0
Printing, Publications, Postage, etc.	$0
Other Expenses	$3,687
Total Expenses	$16,443
Net Gain/Loss	$63,808

Revenue
Contributions	$53,447
Program Services	$0
Investments	$16
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$53,463

Expenses
Grants	$11,815
Salaries & Employee Benefits	$0
Professional Fees	$0
Occupancy	$0
Printing, Publications, Postage, etc.	$0
Other Expenses	$3,879
Total Expenses	$15,694
Net Gain/Loss	$37,769

Friends of Zara's Center Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2019	Dec 31, 2019	Change
Contributions	$17,500
Cash & Equivalents	$0	$17,475	$17,475
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$0	$17,475	$17,475

Liabilities	Jan 01, 2019	Dec 31, 2019	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2019	Dec 31, 2019	Change
Net Assets	$0	$17,475	$17,475

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$98,875
Cash & Equivalents	$17,475	$93,197	$75,722
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$20,500	$20,500
Total Assets	$17,475	$113,697	$96,222

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Net Assets	$17,475	$113,697	$96,222

Assets	Jan 01, 2021	Dec 31, 2021	Change
Contributions	$80,233
Cash & Equivalents	$93,197	$144,505	$51,308
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$20,500	$33,000	$12,500
Total Assets	$113,697	$177,505	$63,808

Liabilities	Jan 01, 2021	Dec 31, 2021	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2021	Dec 31, 2021	Change
Net Assets	$113,697	$177,505	$63,808

Assets	Jan 01, 2022	Dec 31, 2022	Change
Contributions	$53,447
Cash & Equivalents	$144,505	$212,274	$67,769
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$33,000	$3,000	($30,000)
Total Assets	$177,505	$215,274	$37,769

Liabilities	Jan 01, 2022	Dec 31, 2022	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2022	Dec 31, 2022	Change
Net Assets	$177,505	$215,274	$37,769

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Board Chair

Ms. Lesley Goldwasser

Lesley Goldwasser is a Managing Director of GreensLedge. Prior to joining GreensLedge, Lesley was associated with Credit Suisse Group AG as Managing Director where she had global responsibility for the Hedge Fund Strategic Services unit. Prior to Credit Suisse, Lesley spent twelve years at Bear Stearns where she was co-head of Global Debt and Equity Capital Markets and had global responsibility for Structured Products. Prior to her tenure at Bear Stearns, Lesley spent 12 years at Credit Suisse in a variety of management positions including responsibility for both the Asset Backed and Non-Agency Mortgage Trading Desks. Lesley was born and raised in Bulawayo, Zimbabwe and is a graduate of the University of Cape Town, South Africa. Series 7, 24, 63 and 79 licensed. Lesley founded Zara's Center with her family in 2007.

Friends of Zara's Center Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Friends of Zara's Center Inc

Board of directors
as of 02/22/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Ms. Lesley Goldwasser

Frederick O. Terrell

Credit Suisse

Barry Patterson

Central Park Financial

Organizational demographics

SOURCE: Self-reported; last updated 2/22/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Decline to state

Disability status

Decline to state

Race & ethnicity

Gender identity

Sexual orientation

Disability

No data

Friends of Zara's Center Inc

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Zara's Center

Where we work

Financials

Revenue vs. expenses: breakdown

Financial data

Digitizing IRS form 990 data

Friends of Zara's Center Inc

Friends of Zara's Center Inc

Operations

Documents

Board Chair

Ms. Lesley Goldwasser

Friends of Zara's Center Inc

Compensation data

Friends of Zara's Center Inc

Board of directors data

Ms. Lesley Goldwasser

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability