Phillip V And Sylvia M Fredericksonfoundation
- Assets
- $1.1m
- Revenue
- $108.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Charlevoix, MI
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8054415
Organization Overview
Phillip V And Sylvia M Fredericksonfoundation is located in Charlevoix, MI. The organization was established in 2007. 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. Phillip V And Sylvia M Fredericksonfoundation 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, Phillip V And Sylvia M Fredericksonfoundation generated $108.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $78.6k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phillip V And Sylvia M Fredericksonfoundation has awarded 105 individual grants totaling $378,450. 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 |
|---|---|---|---|
Phillip V Frederickson President | 0 | $0 | |
Sylvia M Frederickson Secretary, Treasurer | 0 | $0 | |
Lyle Frederickson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,805 |
| Capital Gain Net Income | $83,805 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,708 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,491 |
| Contributions, gifts, grants paid | $72,100 |
| Total expenses and disbursements | $78,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,859 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,061,424 |
| 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, Phillip V And Sylvia M Fredericksonfoundation has awarded $72,100 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIAN COLLEGE PURPOSE: OPERATIONAL EDUCATIONAL FUND - INJURED VETS | $3,000 |
CHARLEVOIX COUNTY COMMUNITY FOUNDATION PURPOSE: CHARLEVOIX SCHOLARSHIP ENDOWMENT | $3,000 |
BERGMANN CENTER INC PURPOSE: GENERAL FUND | $5,150 |
EQUEST CENTER FOR THERAPUETIC RIDING PURPOSE: GENERAL FUND | $5,150 |
BOULDER CREST FOUNDATION PURPOSE: GENERAL FUND | $5,150 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL FUND | $100 |