Frenship Foundation For Leadership
- Assets
- $355.3k
- Revenue
- $448.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wolfforth, TX
- Founding
- 07/2004
- Data as of
- 03/2022
- EIN
- 20-1678381
Organization Overview
Frenship Foundation For Leadership is located in Wolfforth, TX. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frenship Foundation For Leadership 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 03/2022, Frenship Foundation For Leadership generated $448.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $247.9k during the year ending 03/2022. 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
TO PROVIDE FINANCIAL ASSISTANCE TO THE STUDENTS, FACULTY AND STAFF OF FRENSHIP ISD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO FRENSHIP ISD FOR TEACHER EXPENSES FOR SPECIAL PROJECTS RELATED TO THEIR CURRICULUM.
PROVIDED SCHOLARSHIPS TO 49 FRENSHIP ISD STUDENTS IN THE AMOUNT OF $1,700 TO FURTHER THEIR COLLEGE EDUCATION
PROVIDE FINANCIAL ASSISTANCE TO FRENSHIP ISD FACULTY AND STAFF DURING UNEXPECTED CRISIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michelle Mccord Director | Trustee | 1 | $0 |
Jamie Mills President | OfficerTrustee | 1 | $0 |
Jake Mahan Vice President | OfficerTrustee | 1 | $0 |
Lynne Peel Secretary | OfficerTrustee | 1 | $0 |
Matthew Stroud Treasurer | OfficerTrustee | 2 | $0 |
Raine Young Assistant Treas | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,396 |
| Investment income | $239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $304,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $101,723 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $6,049 |
| Office expenses | $881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,449 |
| All other expenses | $0 |
| Total functional expenses | $247,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,948 |
| Savings and temporary cash investments | $353,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $355,325 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $355,325 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $355,325 |
Grants Awarded
Over the last fiscal year, Frenship Foundation For Leadership has awarded $110,982 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRENSHIP ISD PURPOSE: Student Supples | $16,890 |
FRENSHIP ISD PURPOSE: Cirriculum Support | $94,092 |