Frangos Group Charitable Foundation Inc
- Assets
- $208.7k
- Revenue
- $9.5k
- Investments
- $92.2k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-1150011
Organization Overview
Frangos Group Charitable Foundation Inc is located in Cleveland, OH. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public 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. Frangos Group Charitable 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.
For the year ending 12/2022, Frangos Group Charitable Foundation Inc generated $9.5k in total revenue. All expenses for the organization totaled $18.5k during the year ending 12/2022.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Frangos Trustee | 0.5 | $0 | |
Ann Frangos Trustee | 0.5 | $0 | |
Damon Frangos Trustee | 0.5 | $0 | |
Denise Semethy Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38 |
| Capital Gain Net Income | $38 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,506 |
| 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 | $3,434 |
| Total operating and administrative expenses | $10,934 |
| Contributions, gifts, grants paid | $7,550 |
| Total expenses and disbursements | $18,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,185 |
| 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 | $92,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$715 |
| Total assets | $208,683 |
| 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, Frangos Group Charitable Foundation Inc has awarded $7,550 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DEAN PARAS FOUNDATION PURPOSE: GENERAL | $250 |
ST DEMETRIOS GREEK ORTHODOX CHURCH PURPOSE: GENERAL | $1,550 |
CLEVELAND STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL | $3,500 |
YOUNGSTOWN LIONS CLUB PURPOSE: GENERAL | $250 |
EDUCATIONAL ASSISTANCE FUND INC PURPOSE: GENERAL | $1,000 |
SCHOLARSHIP - 1 RECIPIENT PURPOSE: COLLEGE TUITION | $1,000 |