Frazee Center
- Assets
- $826.6k
- Revenue
- $310.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Easley, SC
- Founding
- 02/2013
- Data as of
- 12/2020
- EIN
- 46-1185268
Organization Overview
Frazee Center is located in Easley, SC. The organization was established in 2013. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2020, Frazee Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frazee Center 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 12/2020, Frazee Center generated $310.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $316.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER RUNS A FREE PRESCHOOL FOR 3 & 4 YEAR OLDS AND FREE AFTERSCHOOL ACTIVITIES FOR K5 THRU 8TH GRADE. STUDENTS WILL BE ASSIGNED MENTORS AND WILL BE TAUGHT TO WORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FREE PRESCHOOL FOR 3 & 4 YEAR OLDS FIVE DAYS A WEEK. PROVIDE FREE AFTERSCHOOL CARE FOR K5 THRU 8TH GRADE FIVE DAYS A WEEK. ASSIGN STUDENTS WITH MENTORS AND/OR MENTOR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Reeves Treasurer | Officer | 40 | $30,000 |
Jason Lesley President | Officer | 0 | $0 |
Gresham Brown Vice-President | Officer | 0 | $0 |
Alise Brown Secretary | Officer | 25 | $0 |
David Spann Director | Trustee | 0 | $0 |
Bonnie Mcclain Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,997 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,846 |
| Total Program Service Revenue | $0 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $578 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $13,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,254 |
| Fees for services: Management | $272 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,391 |
| Travel | $84 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,159 |
| Insurance | $12,206 |
| All other expenses | $28,852 |
| Total functional expenses | $316,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,272 |
| Savings and temporary cash investments | $86,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $645,278 |
| Investments—publicly traded securities | $4,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $826,616 |
| Accounts payable and accrued expenses | $44,430 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,430 |
| Net assets without donor restrictions | $782,186 |
| Net assets with donor restrictions | $0 |
| 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 | $826,616 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Frazee Center has recieved totaling $44,930.
| Awarding Organization | Amount |
|---|---|
Stephen D Mitchell Foundation Inc Greenville, SC PURPOSE: SUPPORT | $16,000 |
Oxford Industries Foundation Inc Atlanta, GA PURPOSE: OPERATING GRANT | $12,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,577 |
Waccamaw Community Foundation Inc Murrells Inlet, SC PURPOSE: GENERAL EDUCATION GRANTS | $7,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $153 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunbelt Human Advancement Resources Inc Greenville, SC | $42,359,906 | $37,809,843 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Raleigh School Inc Raleigh, NC | $13,452,378 | $6,056,870 |
Triangle Day School Inc Durham, NC | $8,607,980 | $5,280,206 |
John Milledge Academy Inc Milledgeville, GA | $6,442,412 | $5,275,141 |
Waldorf Educational Association Of Nc Inc Chapel Hill, NC | $4,735,222 | $4,389,934 |