Fredrickson Family Foundation
- Assets
- $451.8k
- Revenue
- $115.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-4232118
Organization Overview
Fredrickson Family Foundation is located in Virginia Beach, VA. The organization was established in 2014. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredrickson Family 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, Fredrickson Family Foundation generated $115.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $69.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fredrickson Family Foundation has awarded 28 individual grants totaling $380,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mara T Fredrickson President | 0 | $0 | |
Steven D Fredrickson Treasurer, Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,903 |
| Capital Gain Net Income | $104,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,340 |
| Total Revenue | $115,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $4,735 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $69,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,819 |
| 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 | $393,986 |
| Total assets | $451,805 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, Fredrickson Family Foundation has awarded $65,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVABLE DREAM ACADEMY PURPOSE: OPERATING PURPOSES | $25,000 |
CHKD PURPOSE: OPERATING PURPOSES | $10,000 |
NAUTICUS FOUNDATION PURPOSE: OPERATING PURPOSES | $10,000 |
Charlotte, NC PURPOSE: OPERATING PURPOSES | $5,000 |
Norfolk, VA PURPOSE: OPERATING PURPOSES | $5,000 |
Norfolk, VA PURPOSE: OPERATING PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Defense Energy Center Of Excellence Arlington, VA | $62,970,849 | $14,119,168 |
Destination Marketing Association International Washington, DC | $3,714,888 | $7,295,236 |
Ups Pilots Mutual Aid Plan Louisville, KY | $8,595,156 | $5,916,762 |
National Association Of State Chief Information Officers Inc Lexington, KY | $4,197,004 | $5,321,731 |
Goodyear Employees Activities Committee Incorporated Danville, VA | $820,505 | $998,613 |
Blue Ridge Mutual Association Inc Galax, VA | $6,926,126 | $796,663 |
Institute Of Shortening & Edible Oils Inc Washington, DC | $500,100 | $726,240 |
All For One Association Springfield, VA | $0 | $417,307 |
Gps Innovation Alliance Washington, DC | $238,596 | $635,000 |
Miracle Mile Holding Inc Ridgley, MD | $5,963,092 | $571,590 |
Mutual Protective Association Of West Virginia Moorefield, WV | $2,778,923 | $477,980 |
Us Oil & Gas Association Washington, DC | $372,306 | $477,054 |