Frank Family Charity Fund Inc
- Assets
- $237.5k
- Revenue
- $118.4k
- Investments
- $144.0k
- Employees
- 0
- Location
- Bergenfield, NJ
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 36-4516521
Organization Overview
Frank Family Charity Fund Inc is located in Bergenfield, NJ. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frank Family Charity Fund 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, Frank Family Charity Fund Inc generated $118.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $284.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank Family Charity Fund Inc has awarded 111 individual grants totaling $659,961. 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 |
|---|---|---|---|
Milton Frank President | 1 | $0 | |
Stefan Frank Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,252 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,248 |
| Capital Gain Net Income | $76,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $3,902 |
| Contributions, gifts, grants paid | $280,554 |
| Total expenses and disbursements | $284,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,002 |
| Savings and temporary cash investments | $72,477 |
| 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 | $144,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $237,516 |
| 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, Frank Family Charity Fund Inc has awarded $280,554 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AFYTY PURPOSE: GENERAL | $115,750 |
AHAVATH TORAH PURPOSE: GENERAL | $4,960 |
ATIME PURPOSE: GENERAL | $500 |
BEIS MIDRASH OF QUEENS PURPOSE: GENERAL | $280 |
CHVRA KADISHA PURPOSE: GENERAL | $275 |
BERGAN HATZOLAH PURPOSE: GENERAL | $1,000 |