Marjorie & Maxwell Jospey Foundation

Birmingham, MI
Tax-exempt since Oct. 1951
EIN: 38-6061846

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$144k (2024)

Expenses

$311k (2024)

Total Assets

$4.5M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2024

Revenue

$144,060

Expenses

$311,470

Net Income

-$167,410

Net Assets

$4,499,858

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$89,700	62.3%
Sales of Assets	$27,776	19.3%
Other Income	$26,584	18.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$273,850	87.9%
Compensation of Officers*	$40,000	12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,499,858
Total Liabilities	$0
Net Assets	$4,499,858

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President)	$25,000	$0
Michael W Maddin (Vice Preside)	$5,000	$0
David C Contorer (Secretary)	$5,000	$0
Susan Jacob (Director)	$5,000	$0

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990-PF

Filed on April 8, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Nov.
2023

Revenue

$95,044

Expenses

$309,196

Net Income

-$214,152

Net Assets

$4,667,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$100,773	> 100%
Sales of Assets	-$32,313
Other Income	$26,584	28.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$270,300	87.4%
Compensation of Officers*	$40,000	12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,667,268
Total Liabilities	$0
Net Assets	$4,667,268

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President)	$25,000	$0
Michael W Maddin (Vice Preside)	$5,000	$0
David C Contorer (Secretary)	$5,000	$0
Susan Jacob (Director)	$5,000	$0

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990-PF

Filed on June 3, 2024

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Nov.
2022

Revenue

$215,607

Expenses

$297,342

Net Income

-$81,735

Net Assets

$4,881,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$77,400	35.9%
Sales of Assets	$111,623	51.8%
Other Income	$26,584	12.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$248,882	83.7%
Compensation of Officers*	$40,000	13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,881,420
Total Liabilities	$0
Net Assets	$4,881,420

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President)	$25,000	$0
Michael W Maddin (Vice Preside)	$5,000	$0
David C Contorer (Secretary)	$5,000	$0
Susan Jacob (Director)	$5,000	$0

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990-PF

Filed on April 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2021

Revenue

$258,131

Expenses

$335,178

Net Income

-$77,047

Net Assets

$4,963,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$90,586	35.1%
Sales of Assets	$140,961	54.6%
Other Income	$26,584	10.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$297,134	88.6%
Compensation of Officers*	$40,000	11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,963,155
Total Liabilities	$0
Net Assets	$4,963,155

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President)	$25,000	$0
Michael W Maddin (Vice Preside)	$5,000	$0
David C Contorer (Secretary)	$5,000	$0
Susan Jacob (Director)	$5,000	$0

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990-PF

Filed on Sept. 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2020

Revenue

$217,944

Expenses

$338,964

Net Income

-$121,020

Net Assets

$5,040,201

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$70,360	32.3%
Sales of Assets	$121,000	55.5%
Other Income	$26,584	12.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$301,084	88.8%
Compensation of Officers*	$40,000	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,040,202
Total Liabilities	$1
Net Assets	$5,040,201

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President/Director)	$25,000	$0
Michael W Maddin (Vice President/Director)	$5,000	$0
David C Contorer (Secretary/Director)	$5,000	$0
Susan Jacob (Director)	$5,000	$0

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990-PF

Filed on April 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Nov.
2019

Revenue

$134,907

Expenses

$337,637

Net Income

-$202,730

Net Assets

$5,161,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$79,970	59.3%
Sales of Assets	$25,177	18.7%
Other Income	$29,760	22.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$303,250	89.8%
Compensation of Officers*	$40,000	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,161,222
Total Liabilities	$1
Net Assets	$5,161,221

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President/Director)	$25,000	$0
Michael W Maddin (Vice President/Director)	$5,000	$0
David C Contorer (Secretary/Director)	$5,000	$0
Susan Jacob (Director)	$5,000	$0

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990-PF

Filed on July 6, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2018

Revenue

$264,470

Expenses

$328,666

Net Income

-$64,196

Net Assets

$5,363,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$89,913	34.0%
Sales of Assets	$147,973	56.0%
Other Income	$26,584	10.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$289,750	88.2%
Compensation of Officers*	$35,000	10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,363,952
Total Liabilities	$0
Net Assets	$5,363,952

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President/Director)	$25,000	$0
Michael W Maddin (Vice President/Director)	$5,000	$0
David C Contorer (Secretary/Director)	$5,000	$0

990-PF

Filed on March 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2017

Revenue

$217,481

Expenses

$308,269

Net Income

-$90,788

Net Assets

$5,428,148

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$77,988	35.9%
Sales of Assets	$112,909	51.9%
Other Income	$26,584	12.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$272,405	88.4%
Compensation of Officers*	$35,000	11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,428,148
Total Liabilities	$0
Net Assets	$5,428,148

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President/Director)	$25,000	$0
Michael W Maddin (Vice President/Director)	$5,000	$0
David C Contorer (Secretary/Director)	$5,000	$0

990-PF

Filed on March 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2016

Revenue

$261,731

Expenses

$339,631

Net Income

-$77,900

Net Assets

$5,518,936

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$84,697	32.4%
Sales of Assets	$150,450	57.5%
Other Income	$26,584	10.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,617	90.0%
Compensation of Officers*	$35,000	10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,518,936
Total Liabilities	$0
Net Assets	$5,518,936

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President/Director)	$25,000	$0
Michael W Maddin (Vice President/Director)	$5,000	$0
David C Contorer (Secretary/Director)	$5,000	$0

990-PF

Filed on March 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2015

Revenue

$149,464

Expenses

$303,581

Net Income

-$154,117

Net Assets

$5,596,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$65,169	43.6%
Sales of Assets	$57,711	38.6%
Other Income	$26,584	17.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$265,617	87.5%
Compensation of Officers*	$35,000	11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,596,836
Total Liabilities	$0
Net Assets	$5,596,836

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President/Director)	$25,000	$0
Michael W Maddin (Vice President/Director)	$5,000	$0
David C Contorer (Secretary/Director)	$5,000	$0

990-PF

Filed on Feb. 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2014

Revenue

$157,260

Expenses

$365,484

Net Income

-$208,224

Net Assets

$5,750,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$169,731	> 100%
Sales of Assets	-$39,055
Other Income	$26,584	16.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$325,116	89.0%
Compensation of Officers*	$35,000	9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,750,953
Total Liabilities	$0
Net Assets	$5,750,953

Compensation

Key Employees and Officers	Compensation	Other
Neal F Zalenko (President/Director)	$25,000	$0
Michael W Maddin (Vice President/Director)	$5,000	$0
David C Contorer (Secretary/Director)	$5,000	$0

990-PF

Filed on March 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2013

Revenue

$247,256

Expenses

$344,404

Net Income

-$97,148

Net Assets

$5,959,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$19,756	8.0%
Interest Revenue	$0
Dividends	$221,551	89.6%
Sales of Assets	$5,949	2.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$302,500	87.8%
Compensation of Officers*	$35,000	10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,959,177
Total Liabilities	$1
Net Assets	$5,959,176

990-PF

Filed on April 10, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2012

Revenue

$284,140

Expenses

$417,419

Net Income

-$133,279

Net Assets

$6,056,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$456,834	> 100%
Interest Revenue	$0
Dividends	$195,604	68.8%
Sales of Assets	$0
Other Income	$6	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$281,500	67.4%
Compensation of Officers*	$35,000	8.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,056,325
Total Liabilities	$1
Net Assets	$6,056,324

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$5,953,281

Expenses

$120,633

Net Income

$5,832,648

Net Assets

$5,835,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,575,104	93.6%
Interest Revenue	$0
Dividends	$21,325	0.4%
Sales of Assets	$0
Other Income	$357,415	6.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,500	72.5%
Compensation of Officers*	$30,000	24.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,835,334
Total Liabilities	$1
Net Assets	$5,835,333

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Marjorie & Maxwell Jospey Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $144k (2024)

Expenses $311k (2024)

Total Assets $4.5M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$144k (2024)

Expenses

$311k (2024)

Total Assets

$4.5M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001