Frances A Melrose Foundation
- Assets
- $2.9m
- Revenue
- $94.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 20-2955518
Organization Overview
Frances A Melrose Foundation is located in Englewood, CO. The organization was established in 2005. 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. Frances A Melrose 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 12/2022, Frances A Melrose Foundation generated $94.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $269.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Frances A Melrose Foundation has awarded 38 individual grants totaling $1,230,098. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Kleinman Director / Chairman | 0 | $7,000 | |
Doron L Kleinman Director | 0 | $7,000 | |
Victoria Philpott Jones Director | 0 | $7,000 | |
Larry D Harvey ESQ Director /secretary | 0 | $7,000 | |
Dean J Boosalis CPA Director / Treasurer | 0 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $109 |
| Dividends & Interest | $88,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,027 |
| Capital Gain Net Income | $6,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,023 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,230 |
| Total operating and administrative expenses | $64,722 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $269,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,681 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,738,255 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,856,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frances A Melrose Foundation has awarded $205,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
METRO STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP | $30,000 |
DUMB FRIENDS LEAGUE PURPOSE: CHARITABLE CAUSES | $20,000 |
UNIVERSITY OF DENVER SCHOLORSHIP PURPOSE: EDUCATIONAL SCHOLARSHIP | $84,000 |
LITTLE SISTERS OF THE POOR PURPOSE: CHARITABLE PURPOSES | $10,000 |
CITY & COUNTY OF DENVER PURPOSE: CHARITABLE CAUSES | $16,000 |
VOLUNTEERS OF AMERICA PURPOSE: CHARITABLE CAUSES | $45,000 |