Nonprofit · EIN 85-1575261
ZEAL INITIATIVE FOUNDATION
Tax-exempt · CORDOVA, TN 38018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,717 | $2,760 | -$1,043 | $2,335 | $0 | $2,335 |
| December 31, 2024 | 990 | $4,393 | $3,287 | $1,106 | $3,378 | $0 | $3,378 |
| December 31, 2023 | 990 | $2,310 | $1,904 | $406 | $2,772 | $500 | $2,272 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,713
- Program service revenue
- $0
- Investment income
- $4
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,684
- Management and general (functional)
- $76
Balance sheet and other
- Total assets, start of year
- $3,378
- Total assets, end of year
- $2,335
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,335
- Gross receipts
- $1,717
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2020
- State of legal domicile
- MS
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LaTrease Stevenson Watson MBA | Board Member Trustee or director | 0.23 | $0 |
| Kelly O Elmore MD MBA | Board Member Trustee or director | 0.23 | $0 |
| Christie Gooden Magee MD MPH | Board Member Trustee or director | 0.23 | $0 |
| Monica E Crump MD | Board Member Trustee or director | 0.23 | $0 |
| Latacha Fifer CPA | Board Memberr Trustee or director | 0.23 | $0 |
| Shunji Q Brown-Woods EdD MHA | CEO/President Officer | 6 | $0 |
| Virginia H Anderson | Executive Director Officer | 6 | $0 |
| Schnika Brown | Treasurer Officer | 6 | $0 |
| Jasmine Brown | Secretary Officer | 8 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shunji Q Brown-Woods | Chief Executive Officer Officer | 6 | $0 |
| Virginia H Anderson | Executive Director Officer | 6 | $0 |
| Schnika Brown | Treasurer Officer | 6 | $0 |
| Jasmine Brown | Secretary Officer | 8 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shunji Q Brown-Woods | Chief Executive Officer Officer | 6 | $0 |
| Virginia H Anderson | Executive Director Officer | 6 | $0 |
| Schnika Brown | Treasurer Officer | 6 | $0 |
| Jasmine Brown | Secretary Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 9717 WOODLAND EDGE LN, CORDOVA, TN 38018-6696
- In care of
- % SHUNJI BROWN-WOODS
- Principal officer (990 for 2025)
- Shunji Quenae Brown Woods, 9717 Woodland Edge Lane, Cordova, TN 38018
- Signed the 990
- Virginia Anderson, Executive Director
- Phone
- (901) 337-5667
- Website
- zealinitiative.com
Mission
The purpose of Zeal Initiative Foundation is to support academic scholarships and educational programs for students with an interest in STEM careers.
Program accomplishments
- Educational support services (scholarship Awards to four (4) students @ $500 EachExpenses $2,000
- Information Tech Company annual feesExpenses $632
- Mississippi State Charity Renewal Registration FeesExpenses $52
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1575261
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $2,335
- Income (IRS master file)
- $1,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,717 | $2,760 | $2,335 | XML |
| 990 | December 2024 | $4,393 | $3,287 | $3,378 | XML |
| 990 | December 2023 | $2,310 | $1,904 | $2,772 | XML |
| 990 | December 2022 | $3,284 | $4,009 | $1,366 | IRS |
| 990 | December 2021 | – | – | – | 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 85-1575261).
Questions about ZEAL INITIATIVE FOUNDATION
- What is the EIN of ZEAL INITIATIVE FOUNDATION?
- The employer identification number (EIN) of ZEAL INITIATIVE FOUNDATION is 85-1575261.
- Is ZEAL INITIATIVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ZEAL INITIATIVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ZEAL INITIATIVE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ZEAL INITIATIVE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ZEAL INITIATIVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ZEAL INITIATIVE FOUNDATION?
- The 990 for the year ended December 31, 2025 names Shunji Quenae Brown Woods.
- Who are the officers and directors of ZEAL INITIATIVE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does ZEAL INITIATIVE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,717, expenses of $2,760 and total assets of $2,335 at year end.
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