Father Fred Foundation
- Assets
- $10.1m
- Revenue
- $2.3m
- Investments
- $20.4k
- Employees
- 12
- Location
- Traverse City, MI
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 38-2908199
Organization Overview
Father Fred Foundation is located in Traverse City, MI. The organization was established in 1990. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Father Fred Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Father Fred 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 12/2021, Father Fred Foundation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE OFFER HELP, HOPE AND COMPASSION TO ANYONE WITH ESSENTIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 FINANCIAL ASSISTANCE WAS GIVEN FOR THE PAYMENT OF UTILITIES, HEATING COSTS, TRANSPORTATION, MEDICAL ASSISTANCE, TEMPORARY SHELTER, AND FOOD AND CLOTHING. NON-CASH SUPPORT WAS GIVEN TO THOSE IN NEED FOR FOOD, CLOTHING, TRANSPORTATION, AND NUMEROUS OTHER PURPOSES. DURING 2021, 2,466 FAMILIES WERE PROVIDED SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candice Hamel Executive Director | Officer | 45 | $85,169 |
Charlie Sole Treasurer | OfficerTrustee | 2 | $0 |
Rebecca Bercini Secretary/ Vice President | OfficerTrustee | 5 | $0 |
Betsy Aderholdt President | OfficerTrustee | 8 | $0 |
Paula Prusick Director | Trustee | 2 | $0 |
Maureen Madion Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000,779 |
| Noncash contributions included in lines 1a–1f | $330,164 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000,779 |
| Total Program Service Revenue | $0 |
| Investment income | $239,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $31,611 |
| Net Income from Fundraising Events | $58,284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,336,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $707,223 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,169 |
| Compensation of current officers, directors, key employees. | $13,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,948 |
| Payroll taxes | $27,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,698 |
| Fees for services: Accounting | $16,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,507 |
| Fees for services: Other | $7,429 |
| Advertising and promotion | $21,856 |
| Office expenses | $28,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,531 |
| Travel | $3,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,288 |
| Interest | $227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,514 |
| Insurance | $11,250 |
| All other expenses | $0 |
| Total functional expenses | $1,500,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,066,981 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,229 |
| Prepaid expenses and deferred charges | $52,227 |
| Net Land, buildings, and equipment | $1,332,694 |
| Investments—publicly traded securities | $7,574,619 |
| Investments—other securities | $20,350 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,113,102 |
| Accounts payable and accrued expenses | $60,828 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,385 |
| Net assets without donor restrictions | $9,149,758 |
| Net assets with donor restrictions | $900,959 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,113,102 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Father Fred Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Gilbert L Justice Family Foundation Dallas, TX PURPOSE: ORGANIZATION SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $5,518,424 |
| Earnings | $756,135 |
| Net Contributions | $912,166 |
| Ending Balance | $7,186,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Area Iv Agency On Aging And Community Action Programs Inc Lafayette, IN | $2,168,785 | $11,411,192 |
Shepherd Community Inc Indianapolis, IN | $12,371,405 | $8,451,700 |
Lifeline For The Empowerment & Development Of Consumers Inc Painesville, OH | $2,217,869 | $5,898,404 |
The Good Samaritan Ministries Holland, MI | $6,761,787 | $5,714,896 |
Everyone Cooperating To Help Others Inc Janesville, WI | $2,299,237 | $4,698,837 |
Shoes And Clothes For Kids Inc Cleveland, OH | $3,983,714 | $3,215,465 |
Save A Family Plan Port Huron, MI | $14,556,863 | $4,257,402 |
People Working Cooperatively Of The Midwest Inc Cincinnati, OH | $1,849,535 | $3,807,781 |
Empowerment Plan Detroit, MI | $4,512,379 | $3,141,834 |
Kokomo Rescue Mission Kokomo, IN | $6,207,124 | $3,682,627 |
Country Neighbor Program Inc Orwell, OH | $3,165,894 | $3,453,995 |
Diocesan Council Society Of St Vincent De Paul Cleveland Diocese Cleveland, OH | $4,994,850 | $3,482,477 |