Sam J Frankino Foundation
- Assets
- $51.8m
- Revenue
- -$2.2m
- Investments
- $45.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-5380431
Organization Overview
Sam J Frankino Foundation is located in Cleveland, OH. The organization was established in 2006. 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. Sam J Frankino Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Sam J Frankino Foundation has awarded 377 individual grants totaling $14,852,441. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,000,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,257,012 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,909 |
| Total Revenue | -$2,231,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,295 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $109,330 |
| Printing and publications | $0 |
| Other expenses | $254,072 |
| Total operating and administrative expenses | $1,062,341 |
| Contributions, gifts, grants paid | $2,840,953 |
| Total expenses and disbursements | $3,903,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,241,795 |
| 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 | $127,556 |
| Net Investments - land, buildings, equipment | $310,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,692,747 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,836,641 |
| Accounts payable and accrued expenses | $43,634 |
| 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 | $43,634 |
Grants Awarded
Over the last fiscal year, Sam J Frankino Foundation has awarded $2,840,953 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT CENTERS FOR CHILDREN PURPOSE: OPERATING | $5,000 |
ADOPTION NETWORK CLEVELAND PURPOSE: RESEARCH | $8,000 |
AKRON COMMUNITY FOUNDATION PURPOSE: GENERAL FUND | $4,000 |
ALICE LLYOD COLLEGE PURPOSE: GENERAL FUND | $2,000 |
AMERICAN RED CROSS OF GREATER CLEVELAND PURPOSE: SPONSORSHIP | $590,000 |
AMERICAN MILITARY FAMILY INC PURPOSE: OPERATING | $10,000 |