Mary A And Gerald F Franklin Sr Foundation
- Assets
- $138.0k
- Revenue
- $4.0k
- Investments
- $133.3k
- Employees
- 0
- Location
- Strongsville, OH
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-1630693
Organization Overview
Mary A And Gerald F Franklin Sr Foundation is located in Strongsville, OH. The organization was established in 2009. 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. Mary A And Gerald F Franklin Sr 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, Mary A And Gerald F Franklin Sr Foundation generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $15.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE FOOTNOTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald F Franklin Jr Trustee | 1 | $0 | |
J Gregory Feczko Trustee | 1 | $0 | |
Patrick Emrich Trustee | 1 | $0 | |
Jonathan F Feczko Trustee | 1 | $0 | |
Gerald P Franklin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $928 |
| Capital Gain Net Income | $928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,978 |
| 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 | $1,567 |
| Total operating and administrative expenses | $5,672 |
| Contributions, gifts, grants paid | $10,150 |
| Total expenses and disbursements | $15,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,709 |
| 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 | $138,043 |
| 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, Mary A And Gerald F Franklin Sr Foundation has awarded $10,150 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MUSEUM OF CLEVELAND PURPOSE: GENERAL DONATION | $1,500 |
PADUA FRANCISCAN HIGH SCHOOL PURPOSE: GENERAL DONATION | $1,000 |
UNIVERSITY OF DAYTON PURPOSE: GENERAL DONATION | $1,000 |
STRONGSVILLE CHAMBER OF COMMERCE PURPOSE: GENERAL DONATION | $1,000 |
BETHANY HOUSE PURPOSE: GENERAL DONATION | $500 |
NORTHEAST OHIO FOUNDATION FOR PATRIOTISM PURPOSE: GENERAL DONATION | $700 |