Frankel Family Foundation Inc
- Assets
- $1.9m
- Revenue
- -$7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- West Caldwell, NJ
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-3326897
Organization Overview
Frankel Family Foundation Inc is located in West Caldwell, NJ. 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. Frankel Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Frankel Family Foundation Inc has awarded 118 individual grants totaling $9,188,047. 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 |
|---|---|---|---|
Keith Frankel President | 2 | $0 | |
Edward Frankel Secretary | 1 | $0 | |
Scott Yagoda Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $209 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,863,304 |
| Capital Gain Net Income | $3,446,336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$7,363,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,725 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,889 |
| Printing and publications | $0 |
| Other expenses | $254 |
| Total operating and administrative expenses | $200,368 |
| Contributions, gifts, grants paid | $1,787,591 |
| Total expenses and disbursements | $1,987,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6 |
| Savings and temporary cash investments | $1,533,140 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $403,321 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,936,467 |
| 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, Frankel Family Foundation Inc has awarded $1,787,591 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CONTRIBUTIONS PAID LESS THAN 5000 PURPOSE: GENERAL FUND | $89,801 |
CURETIVITY PURPOSE: GENERAL FUND | $60,000 |
FRIENDS OF UNITED HATZALAH PURPOSE: GENERAL FUND | $50,000 |
ST VINCENT'S HOSPITAL PURPOSE: GENERAL FUND | $5,000 |
THE HAGEDORN LITTLE VILLAGE SCHOOL PURPOSE: GENERAL FUND | $17,500 |
TIKVA CHILDREN'S HOME PURPOSE: GENERAL FUND | $1,133,000 |