Frazza Family Foundation Inc
- Assets
- $26.2m
- Revenue
- $2.1m
- Investments
- $25.8m
- Employees
- 0
- Location
- Fort Mill, SC
- Founding
- 01/1997
- Data as of
- 10/2024
- EIN
- 31-1487811
Organization Overview
Frazza Family Foundation Inc is located in Fort Mill, SC. The organization was established in 1997. 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. Frazza Family 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 10/2024, Frazza Family Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.3% each year . All expenses for the organization totaled $486.9k during the year ending 10/2024. While expenses have increased by 14.3% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George S Frazza President/trustee | 15 | $0 | |
Marie L Frazza Secretary/treas | 10 | $0 | |
Leslie Bryan Trustee | 10 | $0 | |
Lauren Frazza Trustee | 5 | $0 | |
Janine Garvey Trustee | 5 | $0 | |
Caren Harrison Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $309,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,774,257 |
| Capital Gain Net Income | $1,774,257 |
| Net ST Capital Gain | $4,719 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,083,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,761 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,697 |
| Printing and publications | $0 |
| Other expenses | $118,962 |
| Total operating and administrative expenses | $133,408 |
| Contributions, gifts, grants paid | $353,515 |
| Total expenses and disbursements | $486,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,267 |
| 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 | $25,813,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,201,434 |
| 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 |