Blas Frangione Foundation
- Assets
- $4.4m
- Revenue
- $469.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-2289548
Organization Overview
Blas Frangione Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blas Frangione 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, Blas Frangione Foundation generated $469.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $148.4k 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
ALZEHEIMER ASSOCIATION - 225 N. MICHIGAN AVE, FL 17, CHICAGO, IL 60601
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blas Frangione President | 20 | $0 | |
Peter Gorevic Board Member | 5 | $0 | |
Einard Sigurdsson Board Member | 5 | $0 | |
Ralph Nixon Committe Pres | 5 | $0 | |
Natraj M Chickegowda Secretary | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $327,971 |
| Capital Gain Net Income | $327,971 |
| Net ST Capital Gain | $76 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,565 |
| Total Revenue | $469,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,500 |
| Printing and publications | $0 |
| Other expenses | $61,655 |
| Total operating and administrative expenses | $98,433 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $148,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,649 |
| 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 | $1,906,000 |
| Total assets | $4,355,175 |
| 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 |