Fredric Roberts Foundation
- Assets
- $942.3k
- Revenue
- $5.3k
- Investments
- $892.6k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-4170963
Organization Overview
Fredric Roberts Foundation is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredric Roberts 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, Fredric Roberts Foundation generated $5.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (38.3%) each year. All expenses for the organization totaled $287.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FREDRIC ROBERTS FOUNDATION SEEKS IS TO EMPOWER HIGH SCHOOL AGED STUDENTS AROUND THE WORLD WITH THE ABILITY TO EXPRESS THEMSELVES THROUGH THE MEDIUM OF PHOTOGRAPHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fredric Roberts President | 10 | $0 | |
Henry Hacker Director | 10 | $0 | |
Jennifer Daniels Secretary/bookkeeper | 20 | $90,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $14,471 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,197 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,285 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,481 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,255 |
| Depreciation | $4,056 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,218 |
| Printing and publications | $0 |
| Other expenses | $63,732 |
| Total operating and administrative expenses | $187,468 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $287,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,099 |
| Savings and temporary cash investments | $0 |
| 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 | $24,868 |
| Net Land, buildings, and equipment | $2,643 |
| Other assets | $0 |
| Total assets | $942,332 |
| 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 | $1,732 |
| Total liabilities | $1,732 |
Grants Awarded
Over the last fiscal year, Fredric Roberts Foundation has awarded $27,330 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL CENTER OF PHOTOGRAPHY PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $55 |
LOS ANGELES PHILHARMONIC ASSOCIATION PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
THE MUSIC CENTER PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $11,000 |
AMERICAN FRIENDS OF MUSEE DORSAY PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
YALE UNIVERSITY PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $11,075 |
THE HILL SCHOOL PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |