Frank Foundation Tr
- Assets
- $1.5m
- Revenue
- $89.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1998
- Data as of
- 05/2023
- EIN
- 36-7238319
Organization Overview
Frank Foundation Tr is located in Dallas, TX. The organization was established in 1998. 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. Frank Foundation Tr 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 05/2023, Frank Foundation Tr generated $89.2k 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 (18.4%) each year. All expenses for the organization totaled $182.6k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank Foundation Tr has awarded 44 individual grants totaling $629,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
THE SOLE CHARITABLE ACTIVITY OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ACTIVITIES.NO DIRECT CHARITABLE ACTIVITIES ARE CONDUCTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $21,294 | |
Barbara Ann Frank Co-Trustee | 2 | $9,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,470 |
| Capital Gain Net Income | $53,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,247 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,577 |
| Contributions, gifts, grants paid | $146,000 |
| Total expenses and disbursements | $182,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,294 |
| 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 | $1,495,971 |
| 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 Foundation Tr has awarded $146,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ARRUPE JESUIT HIGH SCHOOL PURPOSE: WORKING FOR THE FUTURE | $15,000 |
GLOBAL KIDS INC PURPOSE: U.S. IN THE WORLD PROGRAM | $15,000 |
THE GROWHAUS PURPOSE: SEED TO SEED PROGRAM | $12,000 |
MATHENY SCHOOL & HOSPITAL INC PURPOSE: CONNECTIONS PROGRAM | $6,000 |
SPECTRUM 360 PURPOSE: INDEPENDENCE PROGRAM | $16,000 |
NATIONAL OUTDOOR LEADERSHIP SCHOOL PURPOSE: FINANCIAL AID FOR UNDER | $13,000 |