Frey Foundation
- Assets
- $6.9m
- Revenue
- $1.8m
- Investments
- $6.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 36-3588505
Organization Overview
Frey Foundation is located in Minneapolis, MN. The organization was established in 1988. 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. Frey 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 06/2022, Frey Foundation generated $1.8m in total revenue. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 13.1% per year over the past 3 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, Frey Foundation has awarded 157 individual grants totaling $3,791,156. 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 |
|---|---|---|---|
Eugene U Frey Chairman & Director | 0.28 | $0 | |
James R Frey Director | 0.28 | $0 | |
Mary W Frey Director | 0.28 | $0 | |
John J Frey Director | 0.28 | $0 | |
Jane E Letourneau Director | 0.28 | $0 | |
Carol F Wolfe Director | 0.28 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,573,267 |
| Interest on Savings | $219 |
| Dividends & Interest | $35,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $161,079 |
| Capital Gain Net Income | $2,232,526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,361 |
| Total Revenue | $1,816,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,100 |
| Other employee salaries and wages | $54,244 |
| Pension plans, employee benefits | $50,470 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $60 |
| Printing and publications | $0 |
| Other expenses | $223,367 |
| Total operating and administrative expenses | $460,592 |
| Contributions, gifts, grants paid | $1,170,344 |
| Total expenses and disbursements | $1,630,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,867 |
| 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 | $4,461,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $612,500 |
| Total assets | $6,900,554 |
| 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, Frey Foundation has awarded $1,161,447 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ACACIA GLOBAL PURPOSE: GENERAL OPERATING SUPPORT | $45,750 |
ACE IN THE CITY PURPOSE: GENERAL OPERATING SUPPORT | $18,000 |
APLASTIC ANEMIA & MDS INT'L FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $250 |
AEON PURPOSE: GENERAL OPERATING SUPPORT | $65,000 |
BEACON INTERFAITH HOUSING COLLABORATIVE PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
BLAINE COUNTY HUNGER COALITION PURPOSE: GENERAL OPERATING SUPPORT | $53,662 |