TY 2020 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	1,198,231
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	78,074	78,074
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-6,623
b	Gross sales price for all assets on line 6a 248,537
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,269,682	78,074	0
	13	Compensation of officers, directors, trustees, etc.	60,000	0	0	60,000
14	Other employee salaries and wages......	47,041	0	0	47,041
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		4,345	0	0	4,345
b	Accounting fees (attach schedule).......		8,541	0	0	8,541
c	Other professional fees (attach schedule)....		8,783	0	0	8,783
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,060	0	0	9,060
19	Depreciation (attach schedule) and depletion...		544	0	0
20	Occupancy..............	2,400	0	0	2,400
21	Travel, conferences, and meetings.......	8	0	0	8
22	Printing and publications..........
23	Other expenses (attach schedule).......		7,840	0	0	7,840
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	148,562	0	0	148,018
25	Contributions, gifts, grants paid.......	139,365			139,365
26	Total expenses and disbursements. Add lines 24 and 25	287,927	0	0	287,383
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	981,755
b	Net investment income (if negative, enter -0-)		78,074
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	47,838	252,632	252,632
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,194,402	4,134,630	4,134,630
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 2,720
		Less: accumulated depreciation (attach schedule) 545	0	2,175	2,175
	15	Other assets (describe )	0	4,116	4,116
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,242,240	4,393,553	4,393,553
	17	Accounts payable and accrued expenses..........		260
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	260
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	3,242,240	4,393,293
	29	Total net assets or fund balances (see instructions).....	3,242,240	4,393,293
	30	Total liabilities and net assets/fund balances (see instructions).	3,242,240	4,393,553

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

3,242,240

Enter amount from Part I, line 27a .....................

981,755

Other increases not included in line 2 (itemize) bullet

169,298

Add lines 1, 2, and 3 ..........................

4,393,293

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

4,393,293

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7		2	-6,623
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3	-6,623

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	1,085
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,085
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,085
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	856
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	856
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	229
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
KATHERINE Z CHATTERJEE	TRUSTEE/EXECUTIVE DIRECTOR 40.00	60,000	0	0
33 Hartley Street Portland,ME04103
FRANCIS H ZENIE	TRUSTEE 5.00	0	0	0
33 Hartley Street Portland,ME04103

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					202,037
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	8,202
b From 2016......	63,924
c From 2017......	93,408
d From 2018......	102,768
e From 2019......	147,288
fTotal of lines 3a through e........		415,590
4Qualifying distributions for 2020 from Part
XII, line 4: $ 287,383
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					202,037
e Remaining amount distributed out of corpus		85,346
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		500,936
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		8,202
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		492,734
10 Analysis of line 9:
a Excess from 2016....	63,924
b Excess from 2017....	93,408
c Excess from 2018....	102,768
d Excess from 2019....	147,288
e Excess from 2020....	85,346

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

KATHERINE CHATTERJEE
33 HARTLEY STREET
PORTLAND,ME04103
(207) 838-8889
katherine@zeniefoundation.org

bThe form in which applications should be submitted and information and materials they should include:

GO TO www.zeniefoundation.org FOR APPLICATION FORMS AND DUE DATES.

cAny submission deadlines:

FOR APPLICATION DEADLINES, GO TO www.zeniefoundation.org

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

FOR ELIGIBILITY REQUIREMENTS GO TO: www.zeniefoundation.org

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Dustin Acocelli 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,000
Melissa Barnes 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Emily Brogie 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,000
Meagan Burke 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,750
Hannah Clifford 33 Hartley Street Portland,ME04103	None	I	Scholarship	2,500
Jacob Costello 33 Hartley Street Portland,ME04103	None	I	Scholarship	5,325
Dominique Dame 33 Hartley Street Portland,ME04103	None	I	Scholarship	7,125
Willow Dunster 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Rachel Galindo 33 Hartley Street Portland,ME04103	None	I	Scholarship	2,600
Jason Galipeau 33 Hartley Street Portland,ME04103	None	I	Scholarship	63
Ivania Gissell Lopez 33 Hartley Street Portland,ME04103	None	I	Scholarship	2,232
Emma Hersom 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,000
Anna Ionescu 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,000
Sloane Kolesar 33 Hartley Street Portland,ME04103	None	I	Scholarship	5,500
Chris Kombo 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,500
Abigail Kovacs 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Natasha Leveille 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,000
Katherine McCarthy 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Ray Nichols 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Ken Niyonkuru 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Rosa Nunez 33 Hartley Street Portland,ME04103	None	I	Scholarship	2,500
Lina Olivier 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Christopher Reed 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,750
Marika Renner 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,000
Jennifer Russo 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,000
Ibrahim Shkara 33 Hartley Street Portland,ME04103	None	I	Scholarship	3,250
Ava Spach 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,000
Noelle Stockwell 33 Hartley Street Portland,ME04103	None	I	Scholarship	184
Aidan Stuart 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,500
Philip Tran 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,500
Stephanie Uveges 33 Hartley Street Portland,ME04103	None	I	Scholarship	2,000
Hannah Viele 33 Hartley Street Portland,ME04103	None	I	Scholarship	750
Alexandra Williams 33 Hartley Street Portland,ME04103	None	I	Scholarship	2,836
Alison Zuliani 33 Hartley Street Portland,ME04103	None	I	Scholarship	6,500
Total ................................. 3a				139,365

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Adobe shares	2020-08-27	2020-12-18
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	248,537	255,160	-6,623
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-6,623
b
c
d
e

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

Total ................................. 3b				0

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	78,074
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............	900099	-6,623
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		-6,623		78,074	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization ZENIE FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Francis Zenie 340 South Palm Avenue 15 Sarasota, FL34236	$ 1,198,231	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization ZENIE FOUNDATION		Employer identification number 22-2500224

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	adobe stock 2348 shares	$ 1,198,231	2020-08-27
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)


Name of organization ZENIE FOUNDATION			Employer identification number 22-2500224
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SENSEONICS STOCK (SENS)	204,910	204,910
ADOBE SYSTEMS INC	924,222	924,222
FIDELITY GNMA FUND	877,248	877,248
FIDELITY REAL ESTATE INDEX FUND	154,014	154,014
FIDELITY STRATEGIC INCOME FUND	762,289	762,289
FIDELITY TOTAL MARKET INDEX FUND	1,211,947	1,211,947

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
Meals	257	257
Office Supplies & Software	538	538
Online Systems	4,199	4,199
Payroll Service Fees	688	688
Workers' Compensation Insurance	512	512
Volunteer Gifts	1,426	1,426
Memberships	220	220

Software ID:
Software Version: