George & Raymond Frank Foundation
- Assets
- $3.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 80
- Location
- Yarmouth, ME
- Founding
- 04/1999
- Data as of
- 10/2022
- EIN
- 01-0520094
Organization Overview
George & Raymond Frank Foundation is located in Yarmouth, ME. The organization was established in 1999. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, George & Raymond Frank Foundation employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George & Raymond Frank Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2022, George & Raymond Frank Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.2m during the year ending 10/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OPERATES A RESIDENTIAL SUMMER CAMP FOR BOYS LOCATED IN WELD MAINE. THE FOUNDATION IS SUPPORTED PRIMARILY THROUGH CAMPER TUITION AND CHARITABLE DONATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CAMP - PROVIDE RECREATIONAL, EDUCATIONAL, ATHLETIC AND NATURALIST PROGRAMS FOR YOUTHS AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Standen Co-Ex.dir. | Officer | 20 | $25,004 |
Elizabeth Standen Co-Ex.dir. | Officer | 40 | $0 |
Don Casto Director | Trustee | $0 | |
John Estabrook President | OfficerTrustee | $0 | |
Kate Schoedinger Secretary | OfficerTrustee | $0 | |
Bill Dargusch Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $414,323 |
| Noncash contributions included in lines 1a–1f | $5,231 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,323 |
| Total Program Service Revenue | $1,041,764 |
| Investment income | $379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$31,824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,478,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,540 |
| Office expenses | $15,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,871 |
| Travel | $15,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,189 |
| Insurance | $48,594 |
| All other expenses | $72,072 |
| Total functional expenses | $1,150,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $701,718 |
| Savings and temporary cash investments | $1,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,550 |
| Prepaid expenses and deferred charges | $34,725 |
| Net Land, buildings, and equipment | $2,562,651 |
| Investments—publicly traded securities | $8,642 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,421,185 |
| Accounts payable and accrued expenses | $11,062 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,878 |
| Total liabilities | $27,940 |
| Net assets without donor restrictions | $3,336,535 |
| Net assets with donor restrictions | $56,710 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,421,185 |