Henry V And Frances W Christenson Foundation
- Assets
- $1.4m
- Revenue
- $49.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 42-1537453
Organization Overview
Henry V And Frances W Christenson Foundation is located in Akron, OH. The organization was established in 2002. 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. Henry V And Frances W Christenson 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 12/2022, Henry V And Frances W Christenson Foundation generated $49.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $110.9k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 4 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, Henry V And Frances W Christenson Foundation has awarded 137 individual grants totaling $255,124. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Kraus Trustee | 1 | $0 | |
Bruce H Moore Trustee | 0.5 | $0 | |
Howard T Boyle II Co Home Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $217 |
| Dividends & Interest | $39,916 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,712 |
| Capital Gain Net Income | $8,712 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $404 |
| Total Revenue | $49,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $499 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $744 |
| Total operating and administrative expenses | $16,744 |
| Contributions, gifts, grants paid | $94,124 |
| Total expenses and disbursements | $110,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,051 |
| Savings and temporary cash investments | $28,337 |
| 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 | $728,797 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,379,195 |
| 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 | $499 |
| Total liabilities | $499 |
Grants Awarded
Over the last fiscal year, Henry V And Frances W Christenson Foundation has awarded $94,124 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
1) KEEP AKRON BEAUTIFUL PURPOSE: GENERAL SUPPORT | $3,000 |
2) KENT UNITED CHURCH OF CHRIST PURPOSE: PURCHASE OFAUDIO-VIDEOEQUIPMENT | $3,500 |
3) KENT CITY SCHOOLS PURPOSE: CHRISTENSON SCHOLARSHIP FUND, KENTROOSEVELT HIGH SCHOOL | $9,000 |
4) KEVIN COLEMAN FOUNDATION PURPOSE: KENT APARTMENT RENOVATION ($5000)GENERAL SUPPORT ($1000) | $6,000 |
5) INVENT NOW PURPOSE: CAMP INVENTIONPROGRAM | $2,500 |
6) REVERE LOCAL SCHOOL DISTRICT PURPOSE: SCHOLARSHIP FUND | $3,000 |