Is Zafirovski Family Foundation Legit?

The Zafirovski Family Foundation appears to be a private foundation, as indicated by its consistent revenue and expense patterns, and the NTEE code T20 (Private Grantmaking Foundations). Over the past five years (2019-2023), the foundation has consistently spent more than its annual revenue, drawing down its assets from $4,468,811 in 2019 to $3,877,051 in 2023. For example, in 2023, expenses were $228,039 against revenue of $227,570, and in 2022, expenses were $430,503 against revenue of $290,080. This trend suggests a strategy of distributing funds from its endowment rather than solely relying on annual contributions. The foundation demonstrates strong financial transparency by consistently filing its IRS Form 990s. A notable aspect is the reported 0% officer compensation across all available filings, which indicates that the foundation's leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, or that it is a family foundation with volunteer leadership. The consistent low liabilities ($1 or $0) also points to sound financial management and minimal debt. While the specific breakdown of program vs. administrative spending isn't detailed in the provided summary, the overall financial health, characterized by substantial assets ($3,965,521 latest) relative to annual expenses, suggests a stable organization capable of fulfilling its grantmaking mission.