The Fred Foundation
- Assets
- $3.4m
- Revenue
- $1.7m
- Investments
- $596.3k
- Employees
- 0
- Location
- Amherst, NH
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-5012358
Organization Overview
The Fred Foundation is located in Amherst, NH. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fred 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, Fred Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $78.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schwanke President And Treasurer | 2 | $0 | |
Merrilee Schwanke Vice Pres And Secretary | 1.5 | $0 | |
Paul Schwanke Director | 0.5 | $0 | |
Barnabas Schwanke Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,550,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $198,045 |
| Total Revenue | $1,748,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $1,660 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $78,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,156,840 |
| Savings and temporary cash investments | $2,511 |
| 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 | $659,258 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $596,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,414,942 |
| 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, The Fred Foundation has awarded $77,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDAMENTAL BAPTIST MISSION TO INDIA PURPOSE: CONTRIBUTION | $50,000 |
CALVARY BAPTIST CHURCH PURPOSE: CONTRIBUTION | $27,000 |