Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ZYNE FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)104 OXMOOR RD SUITE 144
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35209
A Employer identification number

20-8982601
B Telephone number (see instructions)

(205) 290-4667
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$24,199,014J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,810,589
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 992,975 992,975  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 441,671
b Gross sales price for all assets on line 6a 17,718,977
7 Capital gain net income (from Part IV, line 2)... 441,671
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........ 3,245,235 1,434,646  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 114,000 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,606 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,854 0   0
17 Interest............... 210 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,508 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,588 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
99,217 96,222   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 244,983 96,222   0
25 Contributions, gifts, grants paid....... 1,198,780 1,198,780
26 Total expenses and disbursements. Add lines 24 and 25 1,443,763 96,222   1,198,780
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,801,472
b Net investment income (if negative, enter -0-) 1,338,424
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,031,113 1,375,802 1,375,802
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,190,198 Click to see attachment
List of Attached Documents:
// Content
491,633 		491,633
b Investments—corporate stock (attach schedule)....... 8,708,350 Click to see attachment
List of Attached Documents:
// Content
10,524,207 		10,524,207
c Investments—corporate bonds (attach schedule)....... 6,641,595 Click to see attachment
List of Attached Documents:
// Content
8,484,220 		8,484,220
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,413,679 Click to see attachment
List of Attached Documents:
// Content
3,323,152 		3,323,152
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,984,935 24,199,014 24,199,014
Liabilities 17 Accounts payable and accrued expenses..........    
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
3,188 		Click to see attachment
List of Attached Documents:
// Content
2,438
23 Total liabilities (add lines 17 through 22)......... 3,188 2,438
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 20,981,747 24,196,576
29 Total net assets or fund balances (see instructions)..... 20,981,747 24,196,576
30 Total liabilities and net assets/fund balances (see instructions). 20,984,935 24,199,014
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
20,981,747
2
Enter amount from Part I, line 27a .....................
2
1,801,472
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,413,357
4
Add lines 1, 2, and 3 ..........................
4
24,196,576
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,196,576
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(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.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a BREIT CL S REDEEM P   2024-01-04
b ABRDN LIFE - CASH IN LIEU P 2024-03-28 2024-04-30
c ABRDN LIFE - CASH IN LIEU P 2024-06-28 2024-07-01
d ABRDN LIFE - CASH IN LIEU P 2024-09-30 2024-10-01
e ABRDN LIFE - LT P   2024-11-07
ABRDN LIFE - ST P   2024-11-07
US TSY NOTE P 2023-11-15 2024-11-30
BANK OF NEW YORK MELLON CORP P 2020-03-31 2024-05-30
BANK OF NEW YORK MELLON CORP P 2020-04-28 2024-05-30
BROADCOM INC P 2020-01-22 2024-02-27
BROADCOM INC P 2020-01-22 2024-12-17
BROADCOM INC P 2020-01-22 2024-12-17
BROADCOM INC P 2020-12-31 2024-12-17
COCA COLA CO P 2020-03-31 2024-05-30
COCA COLA CO P 2020-04-28 2024-05-30
COMCAST CORP NEW CLASS A P 2020-03-31 2024-05-30
COMCAST CORP NEW CLASS A P 2020-04-28 2024-05-30
CROWN CASTLE INC P 2020-03-31 2024-05-30
CROWN CASTLE INC P 2020-04-28 2024-05-30
DIGITAL REALTY TRUST INC P 2020-03-31 2024-05-30
ELI LILLY P 2019-01-15 2024-02-27
ELI LILLY P 2020-12-31 2024-02-27
JOHNSON & JOHNSON P   2024-07-23
JOHNSON & JOHNSON P   2024-07-23
MCDONALDS CORP P 2020-03-31 2024-05-30
MCDONALDS CORP P 2020-04-28 2024-05-30
MICROSOFT CORP P 2019-01-15 2024-02-27
MICROSOFT CORP P 2019-01-15 2024-07-23
MICROSOFT CORP P 2016-09-11 2024-07-23
MICROSOFT CORP P 2019-01-15 2024-07-23
PFIZER INC P 2019-01-15 2024-04-23
WELLS FARGO & CO NEW P 2020-03-31 2024-05-30
WELLS FARGO & CO NEW P 2020-04-28 2024-05-30
ROYCE VALUE TRUST INC P 2024-03-25 2024-03-25
ROYCE VALUE TRUST INC P 2024-06-25 2024-06-25
ROYCE VALUE TRUST INC P 2024-09-23 2024-09-24
ROYCE VALUE TRUST INC P 2024-12-23 2024-12-24
US TSY BILL P 2023-09-26 2024-01-16
WELLS FARGO & CO FXD TO 062025 949746RN3 P   2024-02-14
WELLS FARGO & CO FXD TO 062025 949746RN3 P   2024-02-15
HSBC HOLDINGS PLC 404280AP4 P 2022-01-06 2024-03-14
NETFLIX INC 64110LAJ5 P   2024-03-22
BANK OF AMERICA CORP FXD TO 092024 060505EH3 P   2024-04-11
GENERAL MOTORS FINANCIAL CO INC 37045XBW5 P 2023-03-07 2024-04-13
FINISTERRE UNCON EM MKT BD P   2024-05-06
FINISTERRE UNCON EM MKT BD P   2024-05-06
FINISTERRE UNCON EM MKT BD P   2024-05-06
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2019-06-20 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2019-07-19 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2019-07-24 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2019-08-13 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2019-09-10 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2020-08-31 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2020-12-16 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P   2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2022-06-22 2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P   2024-05-09
DOMINION ENERGY INC FXD TO 102024 25746UBY4 P 2022-07-12 2024-05-09
BANK OF AMERICA CORP FXD TO 032025 060505EN0 P 2021-02-16 2024-06-05
BANK OF AMERICA CORP FXD TO 032025 060505EN0 P 2020-08-31 2024-06-06
BANK OF AMERICA CORP FXD TO 032025 060505EN0 P 2021-02-16 2024-06-06
BANK OF AMERICA CORP FXD TO 032025 060505EN0 P   2024-06-18
EDISON INTERNATIONAL FXD TO 062028 VAR 281020AX5 P 2023-07-20 2024-07-25
EDISON INTERNATIONAL FXD TO 062028 VAR 281020AX5 P 2023-07-20 2024-07-25
FORD MOTOR CO 6.625 10/01/2028 345370BY5 P   2024-07-25
GENERAL MOTORS FINANCIAL CO INC 37045XEV4 P 2024-04-11 2024-07-25
GENERAL MOTORS FINANCIAL CO INC 37045XEV4 P 2024-04-16 2024-07-25
HOWMET AEROSPACE INC 443201AB4 P   2024-07-25
MERCK & CO INC 58933YAX3 P   2024-07-25
NEWELL BRANDS INC 4.7% DUE 2026-04-01 651229AW6 P   2024-07-25
ALLY FINANCIAL INC 02005NBF6 P 2022-01-12 2024-07-29
ARES CAPITAL CORP 04010LBE2 P 2024-01-29 2024-07-29
BROADCOM INC 11135FAQ4 P 2020-11-17 2024-07-29
BROADCOM INC 11135FAQ4 P 2020-11-17 2024-07-29
BROADCOM INC 11135FAQ4 P 2020-11-17 2024-07-29
BROADCOM INC 11135FAQ4 P 2020-12-16 2024-07-29
BROADCOM INC 11135FAQ4 P 2021-02-02 2024-07-29
BROADCOM INC 11135FAQ4 P 2021-02-16 2024-07-29
COMCAST CORP 20030NCT6 P 2020-08-31 2024-07-29
COMCAST CORP 20030NCT6 P 2020-12-16 2024-07-29
DOMINION ENERGY INC FXD TO 062034 25746UDU0 P 2024-06-20 2024-07-29
DTE ENERGY CO 23333BD8 P 2023-11-09 2024-07-29
DTE ENERGY CO 23333BD8 P 2023-11-09 2024-07-29
DTE ENERGY CO 233331BL0 P 2024-07-16 2024-07-29
METLIFE INC 5.700% 59156RAM0 P 2023-09-06 2024-07-29
MOLSON COORS BEVERAGE CO 60871RAD2 P 2024-04-02 2024-07-29
PNC FIN SERVICES GROUP INC FXD 6.250% DUE2064-01-18 693475BP9 P 2024-01-18 2024-07-29
WELLS FARGO & FXD TO 092028VAR 95002YAA1 P 2024-02-15 2024-07-29
US TSY BOND P 2023-07-12 2024-07-29
HCA INC P 2024-05-15 2024-07-30
INTERNATIONAL BUSINESS MACHINES CORP 459200AM3 P   2024-07-31
SOUTHERN CALIFORNIA EDISON CO 842400GN7 P   2024-07-31
US TSY NOTE P 2023-06-06 2024-08-02
US TSY NOTE P 2023-06-15 2024-08-02
US TSY NOTE P 2023-09-07 2024-08-02
US TSY NOTE P 2024-07-29 2024-08-02
US TSY BOND P 2023-07-12 2024-08-05
US TSY BOND P 2023-09-07 2024-08-05
US TSY BOND P 2024-02-08 2024-08-05
CITIGROUP INC FXD TO 082026 172967KM2 P   2024-08-07
CITIGROUP INC 172967HV6 P   2024-08-07
LOWE'S COS INC 548661DP9 P   2024-08-07
UTAH ACQUISITION SUB INC 62854AAN4 P   2024-08-07
WALMART INC 931142EE9 P   2024-08-07
FINISTERRE UNCON EM MKT BD P   2024-08-07
FINISTERRE UNCON EM MKT BD P   2024-08-07
BP CAPITAL MARKETS PLC FXD TO 092025 05565QDU9 P   2024-08-15
DISCOVER FINANCIAL SERVICES FX D TO 092025 254709AQ1 P   2024-08-15
US TSY BILL P 2024-08-05 2024-08-19
US TSY BILL P 2024-08-09 2024-08-19
US TSY BILL P 2024-08-13 2024-08-19
US TSY BILL P 2024-08-16 2024-08-19
US TSY BILL P 2024-08-20 2024-08-19
US TSY BILL P 2024-08-20 2024-08-19
DUKE ENERGY CORP 26441CCE3 P 2024-06-25 2024-08-20
GOLDMAN SACHS GROUP FXD TO 112026 38148BAC2 P   2024-08-20
GOLDMAN SACHS GROUP FXD TO 112026 38148BAC2 P 2024-07-29 2024-08-20
GOLDMAN SACHS GROUP FXD TO 112026 38148BAC2 P 2024-08-08 2024-08-20
GOLDMAN SACHS GROUP FXD TO 112026 38148BAC2 P 2024-08-19 2024-08-20
WELLS FARGO & CO 94974BFY1 P   2024-08-20
AERCAP HOLDINGS NV 00774YAA7 P 2021-07-08 2024-08-23
SPRINT LLC 7.625% 85207UAK1 P 2023-07-12 2024-08-23
SPRINT LLC 7.625% 85207UAK1 P 2023-08-29 2024-08-23
BEST BUY CO INC 08652BAA7 P   2024-08-27
BP CAPITAL MARKETS PLC FXD TO 062030 4.8750% 05565QDV7 P 2024-08-26 2024-09-03
CITIGROUP INC FXD TO 052028 VAR THRAFTR 7.375% 172967PC9 P 2024-08-26 2024-09-03
CITIGROUP INC FXD TO 122025 VAR THRAFTR 4.0000% 172967MU2 P 2024-08-26 2024-09-03
GENERAL MOTORS FIN CO FXD TO 092027 37045XCA2 P   2024-09-03
GOLDMAN SACHS GROUP INC/THE FX 7.500% DUE2064-08-26 38141GA79 P 2024-08-26 2024-09-03
TRUIST FINANCIAL CORP 89832QAF6 P 2024-08-26 2024-09-03
WELLS FARGO & FXD TO 092028VAR 95002YAA1 P 2024-02-15 2024-09-03
US TSY BILL P 2024-08-05 2024-09-03
US TSY BILL P 2024-08-20 2024-09-03
US TSY BILL P 2024-08-27 2024-09-03
US TSY BILL P 2024-09-03 2024-09-04
BLACKROCK LTD DURATION INC P   2024-09-05
NUVEEN CREDIT STRAT INC FD P   2024-09-05
WESTERN ASSET HIGH INC OPPTY P   2024-09-05
JPMORGAN CHASE & CO FXD TO 48128BAQ4 P 2024-03-19 2024-09-12
NEXTERA ENERGY CAP HLDGS INC FXD 65339KCW8 P 2024-04-23 2024-09-12
PNC FIN SERVICES GROUP INC FXD TO 092027 693475BF1 P   2024-09-12
TRUIST FINANCIAL CORP 89832QAE9 P   2024-09-12
EDISON INTERNATIONAL FXD TO 03 5.375% DUE 2061-03-16 281020AS6 P   2024-09-17
BLACKROCK LTD DURATION INC P   2024-09-23
NUVEEN CREDIT STRAT INC FD P   2024-09-23
GOLDMAN SACHS GRO P   2024-09-24
US TSY BILL P 2024-09-13 2024-09-24
US TSY BILL P 2024-09-17 2024-09-24
US TSY BILL P 2024-09-19 2024-09-24
US TSY BILL P 2024-09-23 2024-09-24
NUVEEN CREDIT STRAT INC FD P   2024-09-26
US TSY BILL P 2024-08-30 2024-10-01
US TSY BILL P 2024-09-03 2024-10-01
US TSY BILL P 2024-09-06 2024-10-01
US TSY BILL P 2024-09-12 2024-10-01
US TSY BILL P 2024-09-13 2024-10-01
US TSY BILL P 2024-09-25 2024-10-01
US TSY BILL P 2024-10-01 2024-10-07
US TSY BILL P 2024-10-02 2024-10-07
US TSY BILL P 2024-10-09 2024-11-05
US TSY BILL P 2024-10-16 2024-11-05
US TSY BILL P 2024-10-23 2024-11-05
US TSY BILL P 2024-11-01 2024-11-05
ALLY FINANCIAL INC 02005NBF6 P 2022-01-12 2024-11-12
ARES CAPITAL CORP 04010LBE2 P 2024-09-24 2024-11-12
CHARLES SCHWAB CORP 808513BD6 P 2024-09-24 2024-11-12
CITIGROUP INC FXD TO 052028 VAR THRAFTR 7.375% 172967PC9 P 2024-08-26 2024-11-12
CITIGROUP INC FXD TO 122025 VAR THRAFTR 4.0000% 172967MU2 P 2024-08-26 2024-11-12
FLEX LTD 33938XAA3 P 2024-09-24 2024-11-12
FORD MOTOR CO 345370DB3 P 2024-09-24 2024-11-12
GENERAL MOTORS FIN CO FXD TO 092027 37045XCA2 P   2024-11-12
GOLDMAN SACHS GROUP INC/THE FX 7.500% DUE2064-08-26 38141GA79 P 2024-10-07 2024-11-12
PNC FIN SERVICES GROUP INC FXD 6.250% DUE2064-01-18 693475BP9 P 2024-09-24 2024-11-12
TRUIST FINANCIAL CORP 89832QAF6 P 2024-07-31 2024-11-12
US TSY BILL P 2024-11-05 2024-12-03
US TSY BILL P 2024-11-13 2024-12-03
US TSY BILL P 2024-11-18 2024-12-03
US TSY BILL P 2024-11-22 2024-12-03
US TSY BILL P 2024-12-02 2024-12-11
US TSY BILL P 2024-12-04 2024-12-11
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,124   8,010 114
b 9   9 0
c 1   1 0
d 14   14 0
e 823   920 -97
73   69 4
500,000   496,438 3,562
5,317   3,104 2,213
2,162   1,412 750
106,364   25,796 80,568
59,523   7,865 51,658
59,523   7,865 51,658
357,140   65,678 291,462
4,206   3,048 1,158
2,103   1,616 487
3,423   3,095 328
1,385   1,387 -2
2,072   2,860 -788
789   1,263 -474
3,308   3,002 306
62,220   9,484 52,736
76,815   16,884 59,931
41,037   34,798 6,239
15,408   13,065 2,343
4,521   3,009 1,512
1,758   1,322 436
133,606   34,545 99,061
198,699   46,830 151,869
12,029   1,529 10,500
12,029   2,835 9,194
61,888   88,256 -26,368
6,258   3,075 3,183
3,424   1,725 1,699
2   2 0
2   2 0
6   6 0
11   10 1
269,400   269,400 0
206,717   228,166 -21,449
25,235   27,825 -2,590
200,000   210,908 -10,908
202,848   227,376 -24,528
215,338   239,509 -24,171
170,000   166,561 3,439
52,160   63,260 -11,100
1,635   1,983 -348
1,205   1,461 -256
7,980   8,335 -355
15,960   16,917 -957
14,963   15,788 -825
16,958   17,978 -1,020
9,975   10,638 -663
23,940   25,920 -1,980
7,980   9,003 -1,023
22,943   25,628 -2,685
25,935   24,572 1,363
6,983   6,615 368
2,993   2,853 140
21,281   24,219 -2,938
30,416   34,581 -4,165
5,068   5,753 -685
208,875   229,373 -20,498
155,285   151,833 3,452
8,394   8,207 187
164,871   176,559 -11,688
171,814   169,264 2,550
87,414   84,657 2,757
144,987   134,449 10,538
142,559   162,700 -20,141
143,522   158,366 -14,844
95,137   106,343 -11,206
59,691   51,289 8,402
81,375   97,447 -16,072
21,062   25,471 -4,409
6,701   6,460 241
8,616   10,408 -1,792
32,550   38,546 -5,996
19,147   22,511 -3,364
15,655   19,425 -3,770
6,849   8,119 -1,270
42,123   41,716 407
174,125   172,064 2,061
9,950   9,832 118
41,284   41,427 -143
204,362   196,094 8,268
98,421   99,063 -642
13,747   13,057 690
8,601   8,530 71
10,891   11,072 -181
259,357   257,200 2,157
186,397   229,567 -43,170
130,073   146,605 -16,532
48,979   49,121 -142
215,603   215,947 -344
2,057   1,974 83
3,722   3,620 102
147,919   141,724 6,195
2,179   1,981 198
82,544   76,387 6,157
157,969   180,867 -22,898
258,000   275,286 -17,286
151,988   162,800 -10,812
132,813   146,960 -14,147
130,580   150,701 -20,121
185,397   214,101 -28,704
15,415   15,170 245
186,413   194,876 -8,463
251,058   274,601 -23,543
777,016   775,421 1,595
207,577   207,334 243
7,185   7,179 6
605,466   605,379 87
213,759   213,698 61
114,184   114,085 99
177,372   171,818 5,554
187,266   202,782 -15,516
38,465   38,254 211
49,600   49,328 272
56,686   56,679 7
132,396   149,549 -17,153
153,100   159,527 -6,427
149,389   151,355 -1,966
87,573   88,144 -571
137,000   135,461 1,539
2,969   2,962 7
1,052   1,060 -8
969   995 -26
1,950   2,252 -302
222,612   223,112 -500
3,871   3,984 -113
2,152   2,195 -43
295,400   294,194 1,206
310,400   309,817 583
137,800   137,680 120
569,993   569,890 103
80,499   82,359 -1,860
24,070   26,972 -2,902
77,582   93,814 -16,232
160,199   152,883 7,316
205,838   198,896 6,942
164,980   156,805 8,175
208,650   224,357 -15,707
283,819   278,426 5,393
67,385   69,310 -1,925
81,646   94,730 -13,084
214,692   198,908 15,784
2,997   2,994 3
308,728   308,463 265
1,998   1,997 1
185,836   185,835 1
37,091   42,734 -5,643
2,800   2,789 11
59,000   58,772 228
183,200   182,634 566
733,800   731,975 1,825
4,800   4,790 10
182,000   181,885 115
1,216,570   1,215,717 853
1,196   1,195 1
146,000   145,503 497
13,100   13,067 33
100   100 0
100   100 0
2,007   2,239 -232
2,067   2,088 -21
5,044   5,035 9
7,480   5,734 1,746
2,951   2,984 -33
1,974   2,010 -36
3,041   3,121 -80
7,873   8,524 -651
5,295   5,458 -163
1,015   1,021 -6
3,935   3,961 -26
171,300   170,718 582
13,900   13,867 33
29,400   29,349 51
5,000   4,995 5
103,140   103,016 124
31,221   31,194 27
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       114
b       0
c       0
d       0
e       -97
      4
      3,562
      2,213
      750
      80,568
      51,658
      51,658
      291,462
      1,158
      487
      328
      -2
      -788
      -474
      306
      52,736
      59,931
      6,239
      2,343
      1,512
      436
      99,061
      151,869
      10,500
      9,194
      -26,368
      3,183
      1,699
      0
      0
      0
      1
      0
      -21,449
      -2,590
      -10,908
      -24,528
      -24,171
      3,439
      -11,100
      -348
      -256
      -355
      -957
      -825
      -1,020
      -663
      -1,980
      -1,023
      -2,685
      1,363
      368
      140
      -2,938
      -4,165
      -685
      -20,498
      3,452
      187
      -11,688
      2,550
      2,757
      10,538
      -20,141
      -14,844
      -11,206
      8,402
      -16,072
      -4,409
      241
      -1,792
      -5,996
      -3,364
      -3,770
      -1,270
      407
      2,061
      118
      -143
      8,268
      -642
      690
      71
      -181
      2,157
      -43,170
      -16,532
      -142
      -344
      83
      102
      6,195
      198
      6,157
      -22,898
      -17,286
      -10,812
      -14,147
      -20,121
      -28,704
      245
      -8,463
      -23,543
      1,595
      243
      6
      87
      61
      99
      5,554
      -15,516
      211
      272
      7
      -17,153
      -6,427
      -1,966
      -571
      1,539
      7
      -8
      -26
      -302
      -500
      -113
      -43
      1,206
      583
      120
      103
      -1,860
      -2,902
      -16,232
      7,316
      6,942
      8,175
      -15,707
      5,393
      -1,925
      -13,084
      15,784
      3
      265
      1
      1
      -5,643
      11
      228
      566
      1,825
      10
      115
      853
      1
      497
      33
      0
      0
      -232
      -21
      9
      1,746
      -33
      -36
      -80
      -651
      -163
      -6
      -26
      582
      33
      51
      5
      124
      27
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 441,671
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 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 18,604
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 18,604
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 18,604
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 10,157
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,157
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 32
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 21,521
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow21,521 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowAL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTPS://WWW.ZYNEFAMILYFOUNDATION.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (205) 290-4667

Located atright arrow104 OXMOOR RD SUITE 144BIRMINGHAMAL ZIP+4right arrow35209
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(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
KIMBERLY E STEPHENS PRESIDENT
2.00 		36,000 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
JENNY T STEPHENS VICE PRESIDENT
0.20 		0 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
STANLEY C HUNER SECRETARY/TREASURER
1.00 		24,000 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
JOSEPH R STEPHENS JR VICE PRESIDENT/ASSISTANT TREASURER
1.00 		12,000 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
KIMBERLY E STEPHENS EXECUTIVE DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
DANA S TRAVIS CLASS A DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
VALERIE S WHITT CLASS A DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
STANLEY C HUNER CLASS B DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
JENNY T STEPHENS CLASS A DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
NATALIE S SLOVENSKY CLASS A DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
NATHAN STEPHENS CLASS A DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
JOSEPH R STEPHENS JR CLASS A DIRECTOR
0.20 		5,250 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
HARRISON ADAMS CLASS A DIRECTOR
0.20 		0 0 0
104 OXMOOR RD STE 144
BIRMINGHAM,AL35209
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “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...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
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
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
21,780,623
b
Average of monthly cash balances.......................
1b
2,286,901
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
24,067,524
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
24,067,524
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
361,013
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,706,511
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,185,326
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,185,326
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
18,604
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
18,604
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,166,722
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,166,722
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,166,722
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,198,780
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,198,780
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,166,722
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,198,780
a Applied to 2023, 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 2024 distributable amount..... 1,166,722
e Remaining amount distributed out of corpus 32,058
5 Excess distributions carryover applied to 2024. 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 32,058
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		32,058
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 32,058
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ZYNE FAMILY FOUNDATION - GRANTS COM
PO BOX 19243
BIRMINGHAM,AL35219
(205) 290-4667
ZYNEFAMILYFOUNDATION@GMAIL.COM
bThe form in which applications should be submitted and information and materials they should include:
ALL APPLICATIONS CAN BE SUBMITTED VIA THE FOUNDATION'S WEBSITE, E-MAIL OR U.S. MAIL. ALL OF THE REQUIRED INFORMATION FOR GRANT APPLICATIONS CAN BE FOUND ON THE FOUNDATION'S WEBSITE.
cAny submission deadlines:
ALL APPLICATIONS MUST BE RECEIVED BY SEPTEMBER 1 TO BE CONSIDERED FOR THE CURRENT CALENDAR YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION ACCEPTS UNSOLICITED APPLICATIONS FROM ORGANIZATIONS THAT MEET THE FOUNDATION'S REQUIREMENTS AND INTERESTS.
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
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)
aPaid during the year

ALZHEIMER'S ASSOCIATION

PO BOX 41428
NASHVILLE,TN37204 		  PC SUPPORT NEEDS OF ORGANIZATION 125,000

AMERICAN BASEBALL FOUNDATION

833 SAINT VINCENTS DR STE 205A
BIRMINGHAM,AL35205 		  PC SUPPORT NEEDS OF ORGANIZATION 10,000

BIRMINGHAM METRO BAPTIST ASSOCIATION

1449 MEDICAL PARK DR S
BIRMINGHAM,AL35213 		  PC SUPPORT NEEDS OF ORGANIZATION 10,000

CATHEDRAL OF SAINT PAUL

2120 THIRD AVENUE NORTH
BIRMINGHAM,AL35203 		  PC SUPPORT NEEDS OF ORGANIZATION 130,000

CHILDREN'S HARBOR

434 CHILDRENS HARBOR DRIVE
ECLECTIC,AL36024 		  PC SUPPORT NEEDS OF ORGANIZATION 10,000

CLOSET OF HOPE

4930 CALDWELL MILL LANE
BIRMINGHAM,AL35242 		  PC SUPPORT NEEDS OF ORGANIZATION 10,000

COMMUNITY FOOD BANK OF CENTRAL ALABAMA

107 WALTER DAVIS DRIVE
BIRMINGHAM,AL35209 		  PC SUPPORT NEEDS OF ORGANIZATION 135,000

EASTER SEALS OF BIRMINGHAM

529 BEACON PKWY W 214
BIRMINGHAM,AL35209 		  PC SUPPORT NEEDS OF ORGANIZATION 50,000

EPARCHY OF OUR LADY OF LEBANON

1021 S 10TH ST
ST LOUIS,MO63104 		  PC SUPPORT NEEDS OF ORGANIZATION 175,000

FIRST FRUIT MINISTRIES

2750 VANCE ST
WILMINGTON,NC28412 		  PF SUPPORT NEEDS OF ORGANIZATION 45,000

HEDGES & HIWAYS PRISON MINISTRIES

PO BOX 110275
BIRMINGHAM,AL35211 		  PC SUPPORT NEEDS OF ORGANIZATION 40,000

JEFFERSON COUNTY JUNIOR MISS

350 LAKESHORE DRIVE
HOMEWOOD,AL35209 		  PC SUPPORT NEEDS OF ORGANIZATION 10,000

JOHN CARROLL HIGH SCHOOL

300 LAKESHORE PKWY
BIRMINGHAM,AL35209 		  PC SUPPORT NEEDS OF ORGANIZATION 42,400

JONES VALLEY URBAN FARM

701 25TH ST N
BIRMINGHAM,AL35203 		  PC SUPPORT NEEDS OF ORGANIZATION 25,000

LIBERTY LEARNING FOUNDATION

3414 GOVERNORS DRIVE
HUNTSVILLE,AL35805 		  PC SUPPORT NEEDS OF ORGANIZATION 10,000

OUR LADY OF SORROWS CHURCH

1728 OXMOOR RD
HOMEWOOD,AL35209 		  PC SUPPORT NEEDS OF ORGANIZATION 35,000

ST GEORGE MELKITE GREEK CATHOLIC CHURCH

425 16TH AVE S
BIRMINGHAM,AL35205 		  PC SUPPORT NEEDS OF ORGANIZATION 25,000

ST ELIAS MARONITE CHURCH

836 8TH ST S
BIRMINGHAM,AL35205 		  PC SUPPORT NEEDS OF ORGANIZATION 100,000

ST JOSEPH CATHOLIC SCHOOL

115 PLUM ST
FLORENCE,AL35630 		  PC SUPPORT NEEDS OF ORGANIZATION 50,000

ST ROSE ACADEMY

1401 22ND ST S
BIRMINGHAM,AL35205 		  PC SUPPORT NEEDS OF ORGANIZATION 60,000

ST VINCENTS FOUNDATION OF AL

1130 22ND ST S SUITE 1000
BIRMINGHAM,AL35205 		  PC SUPPORT NEEDS OF ORGANIZATION 25,000

STUDIO 3 16 DONOR ADVISED FUND

12 EAST 49TH ST 7TH FL
NEW YORK,NY10017 		  PC SUPPORT NEEDS OF ORGANIZATION 16,380

UNITED FOR LIFE FOUNDATION

2256 ROCKY RIDGE RD STE 102
BIRMINGHAM,AL35216 		  PC SUPPORT NEEDS OF ORGANIZATION 25,000

WETLANDS AMERICA TRUST

ONE WATERFOWL WAY
MEMPHIS,TN38120 		  PC SUPPORT NEEDS OF ORGANIZATION 20,000

WOOLEY INSTITUTE FOR SPOKEN LANGUAGE EDUCATION

400 CORPORATE PKWY
BIRMINGHAM,AL35242 		  PC SUPPORT NEEDS OF ORGANIZATION 15,000
Total .................................right arrow 3a 1,198,780
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
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
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 ....     14 992,975  
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 ............ 		    14 441,671  
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) .. 0 1,434,646 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,434,646
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
ZYNE FAMILY FOUNDATION INC
 
Employer identification number

20-8982601
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
ZYNE FAMILY FOUNDATION INC
  		Employer identification number
20-8982601
Part I
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
ESTATE OF JOSEPH ZYNE
 
104 OXMOOR RD SUITE 144
 
BIRMINGHAM, AL35209

$ 363,190


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ZYNE FAMILY TRUST UWO ROSE B ZYNE
 
104 OXMOOR RD SUITE 144
 
BIRMINGHAM, AL35209

$ 1,447,399


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
ZYNE FAMILY FOUNDATION INC
  		Employer identification number

20-8982601
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
 
$    
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
ZYNE FAMILY FOUNDATION INC
  		Employer identification number

20-8982601
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.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING & LEGAL 21,606 0   0

TY 2024 InvestmentsCorpBondsSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 8,484,220 8,484,220

TY 2024 InvestmentsCorpStockSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS 10,524,207 10,524,207

TY 2024 InvestmentsGovtObligationsSch
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
US Government Securities - End of Year Book Value:

491,633
US Government Securities - End of Year Fair Market Value:

491,633
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ETFS & CEFS FMV 828,492 828,492
MUTUAL FUNDS FMV 1,122,536 1,122,536
ALTERNATIVES FMV 1,372,124 1,372,124

TY 2024 OtherExpensesSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 96,222 96,222   0
OFFICE EXPENSE 2,292 0   0
WEBSITE 703 0   0


TY 2024 OtherIncreasesSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Description Amount
CHANGE IN UNREALIZED GAIN(LOSS) ON INVESTMENTS 1,413,357


TY 2024 OtherLiabilitiesSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Description Beginning of Year - Book Value End of Year - Book Value
AMOUNT DUE PAYROLL TAXES 2,438 2,438
AMOUNT DUE FORMER DIRECTOR 750 0


TY 2024 OtherProfessionalFeesSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL SERVICE 1,854 0   0


TY 2024 TaxesSchedule
Name:
ZYNE FAMILY FOUNDATION INC
EIN:
20-8982601
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 5,508 0   0