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Nonprofit · EIN 26-1607321

ZAKARIA FAMILY FOUNDATION

Tax-exempt · MORRISTOWN, NJ 07960

Financials

$809K$789K2023$568K$806K2024
Revenue Expenses · by fiscal year end
Financials of ZAKARIA FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$568,121$806,431-$238,310$7,322,112$893$7,321,219
December 31, 2023990-PF$808,988$788,616$20,372$7,558,100$0$7,558,100
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,569
Dividends
$225,953
Interest
$189
Net gain from sales of assets
$338,410

Expenses

Grants and similar amounts paid
$665,500
Disbursements for charitable purposes
$667,199
Excise tax on investment income
$7,847

Balance sheet and other

Total assets, start of year
$7,558,100
Total assets, end of year
$7,322,112
Total liabilities, end of year
$893
Net assets, end of year
$7,321,219
Fair market value of assets
$16,864,231
Qualifying distributions
$667,199
Net investment income
$564,552

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Arshad Zakaria
62 Elm Street, Morristown, NJ 07960
Chairman0.5$0
Ann Stock Zakaria
PO Box 739 1 Spring Hollow Lan, New Vernon, NJ 07976
Trustee0.5$0
Fareed Zakaria
307 West 102nd St, New York, NY 10025
Trustee0.5$0
James Higgins
62 Elm Street, Morristown, NJ 07960
Secretary0.5$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Arshad Zakaria
62 Elm Street, Morristown, NJ 07960
Chairman0.5$0
Ann Stock Zakaria
PO Box 739 1 Spring Hollow Lan, New Vernon, NJ 07976
Trustee0.5$0
Fareed Zakaria
307 West 102nd St, New York, NY 10025
Trustee0.5$0
James Higgins
62 Elm Street, Morristown, NJ 07960
Secretary0.5$0

Address and contacts

Address (IRS master file)
62 ELM STREET, MORRISTOWN, NJ 07960-4399
Signed the 990-PF
James Higgins, Secretary
Phone
(973) 599-0900
Return prepared by
Alperin Nebbia & Associates CPA PA

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
26-1607321
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2008
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$7,322,112
Income (IRS master file)
$1,468,567

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$568,121$806,431$7,322,112XML
990-TDecember 2024–––IRS
990-PFDecember 2023$808,988$788,616$7,558,100XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1607321).

Questions about ZAKARIA FAMILY FOUNDATION

What is the EIN of ZAKARIA FAMILY FOUNDATION?
The employer identification number (EIN) of ZAKARIA FAMILY FOUNDATION is 26-1607321.
Is ZAKARIA FAMILY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to ZAKARIA FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ZAKARIA FAMILY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of ZAKARIA FAMILY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ZAKARIA FAMILY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of ZAKARIA FAMILY FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does ZAKARIA FAMILY FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $568,121, expenses of $806,431 and total assets of $7,322,112 at year end.

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