Victor Zhilin Foundation

The Victor Zhilin Foundation, identified by Employer Identification Number (EIN) 45-5614357, is a private grantmaking foundation based in New York. It was granted tax-exempt status in August 2012.

Mission and Activities

Although specific details about the foundation's mission are not readily available, it operates as a private foundation, which typically focuses on philanthropic causes such as charitable giving or education. The foundation's activities are likely aligned with common goals of private foundations, which often involve supporting educational, scientific, or literary pursuits.

Financial Overview

In recent years, the Victor Zhilin Foundation has reported varying financial activity:

• 2022:
  • Revenue: $35,800
  • Expenses: $143,000
  • Total Assets: $0
  • Total Liabilities: $0

Notably, despite reporting substantial expenses that exceed revenues, the foundation had no assets or liabilities listed as of the 2022 financial reports. This discrepancy suggests significant outlay of funds for charitable purposes or operational costs without explicit reserve balances.

In 2018, the foundation's annual contributions were $20,000, with nearly all expenses dedicated to charitable disbursements. Prior years also showed contributions as the sole source of revenue, with a focus on charitable distributions.

The foundation had previously reported assets in earlier years, such as $22,562 in 2018, but by 2022, these had been fully allocated or utilized.

Grants and Philanthropy

In 2022, the Victor Zhilin Foundation provided $125,000 in grants, demonstrating its commitment to supporting various charitable causes or organizations.

Governance and Management

The foundation is managed by key officers, including Boris Zhilin, who serves as President and Treasurer. There is no recorded compensation for its officers in available financial reports.

Status

The Victor Zhilin Foundation is not listed in the IRS's most recent list of tax-exempt organizations, although it maintains an active Employer Identification Number associated with prior filings. This may indicate a status change or lack of recent registration updates.

Conclusion

While specific details about the Victor Zhilin Foundation's mission and current activities are not fully disclosed, it operates as a private grantmaking foundation committed to philanthropy in the United States. Additional information on its current status or detailed mission may require direct inquiry or updated filings.