Morton & Fredrica Frank Family Foundation
- Assets
- $0.0
- Revenue
- $44.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 11/2006
- Data as of
- 04/2024
- EIN
- 30-6112931
Organization Overview
Morton & Fredrica Frank Family Foundation is located in Evansville, IN. 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. Morton & Fredrica Frank Family 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 04/2024, Morton & Fredrica Frank Family Foundation generated $44.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $274.3k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Morton & Fredrica Frank Family Foundation has awarded 29 individual grants totaling $1,521,942. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Old National Wealth Management Trustee | 1 | $3,457 | |
William C Frank Committee Member | 1 | $0 | |
Robert L Frank Committee Member | 1 | $0 | |
Sally F Ayote Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,779 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,918 |
| Capital Gain Net Income | $41,918 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,457 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,347 |
| Contributions, gifts, grants paid | $266,942 |
| Total expenses and disbursements | $274,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Morton & Fredrica Frank Family Foundation has awarded $266,942 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL SCOUTS OF NORTHERN IN-MICHIGAN PURPOSE: PROGRAM SUPPORT | $40,000 |
TURNSTONE CENTER FOR DISABLED PURPOSE: PROGRAM SUPPORT | $40,000 |
FORT WAYNE PHILHARMONIC PURPOSE: PROGRAM SUPPORT | $106,942 |
MATTHEW 25 PURPOSE: PROGRAM SUPPORT | $40,000 |
COMMUNITY TRANSPORTATION NETWORK PURPOSE: PROGRAM SUPPORT | $40,000 |