Paul & Maxine Frohring Foundation Inc
- Assets
- $83.9m
- Revenue
- $11.4m
- Investments
- $83.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/1961
- Data as of
- 12/2022
- EIN
- 34-6513729
Organization Overview
Paul & Maxine Frohring Foundation Inc is located in Detroit, MI. The organization was established in 1961. 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. Paul & Maxine Frohring 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, Paul & Maxine Frohring Foundation Inc generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 20.4% 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.
Since 2020, Paul & Maxine Frohring Foundation Inc has awarded 38 individual grants totaling $15,690,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Falsgraf Trustee / Secretary | 15 | $0 | |
Paula C Frohring Trustee / President | 10 | $0 | |
Jeffery Larichie Trustee / Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,168,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,207,350 |
| Capital Gain Net Income | $10,207,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,375,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $223,054 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,335 |
| Total operating and administrative expenses | $792,572 |
| Contributions, gifts, grants paid | $6,295,000 |
| Total expenses and disbursements | $7,087,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,669 |
| 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 | $4,636,951 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $83,863,405 |
| 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, Paul & Maxine Frohring Foundation Inc has awarded $6,295,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTERPART INTERNATIONAL INC PURPOSE: UNRESTRICTED GENERAL | $450,000 |
FRIENDS OF THE EVERGLADES PURPOSE: UNRESTRICTED GENERAL | $300,000 |
CHESAPEAKE CONSERVANCY INC PURPOSE: UNRESTRICTED GENERAL | $75,000 |
BISCAYNE BAY WATERKEEPER INC PURPOSE: UNRESTRICTED GENERAL | $200,000 |
WESTERN RESERVE LAND CONSERVANCY PURPOSE: UNRESTRICTED GENERAL | $200,000 |
HIRAM COLLEGE PURPOSE: UNRESTRICTED GENERAL | $1,320,000 |