The Fritsch Foundation Inc
- Assets
- $240.5k
- Revenue
- $479.7k
- Investments
- $11.3k
- Employees
- 0
- Location
- Weymouth, MA
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-3974944
Organization Overview
The Fritsch Foundation Inc is located in Weymouth, MA. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Fritsch Foundation Inc 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, Fritsch Foundation Inc generated $479.7k 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 (10.0%) each year. All expenses for the organization totaled $353.4k 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 FOUNDATION'S ACTIVITIES ARE AIMED AT ACCELERATING CANCER IMMUNOTHERAPY DEVELOPMENT BY PROVIDING RESEARCHERS AROUND THE WORLD WITH BRIEF, EASY TO DIGEST SUMMARIES OF ALL THE LATEST, MOST IMPORTANT ADVANCES IN THE FIELD - FOR FREE - SO THEY CAN PUT THAT INFORMATION TO WORK RIGHT AWAY IN THEIR OWN LIFE-SAVING RESEARCH. WE HAVE RECEIVED MANY ACCOLADES FOR OUR WORK, INCLUDING AN EPISODE OF THE DOCUMENTARY THE AMERICAN DREAM. IMPORTANTLY, OUR MISSION IS HELPING.
THE FOUNDATION'S ACTIVITIES ARE AIMED AT ACCELERATING CANCER IMMUNOTHERAPY DEVELOPMENT BY PROVIDING RESEARCHERS AROUND THE WORLD WITH BRIEF, EASY TO DIGEST SUMMARIES OF ALL THE LATEST, MOST IMPORTANT ADVANCES IN THE FIELD - FOR FREE - SO THEY CAN PUT THAT INFORMATION TO WORK RIGHT AWAY IN THEIR OWN LIFE-SAVING RESEARCH. WE HAVE RECEIVED MANY ACCOLADES FOR OUR WORK, INCLUDING AN EPISODE OF THE DOCUMENTARY THE AMERICAN DREAM. IMPORTANTLY, OUR MISSION IS HELPING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Fritsch President | 0 | $0 | |
Edward Fritsch Treasurer | 0 | $0 | |
Edward Fritsch Director | 0 | $0 | |
Steven A Branson Clerk | 0 | $0 | |
Lauren Hitchings Science Writer | 40 | $0 | |
Gaelle Llambi Science Writer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $478,998 |
| Interest on Savings | $680 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $479,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $128,322 |
| Pension plans, employee benefits | $6,953 |
| Interest | $0 |
| Taxes | $10,939 |
| Depreciation | $0 |
| Occupancy | $2,200 |
| Travel, conferences, and meetings | $6,555 |
| Printing and publications | $0 |
| Other expenses | $32,082 |
| Total operating and administrative expenses | $353,410 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $353,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,818 |
| Savings and temporary cash investments | $39,374 |
| 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 | $1,946 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $240,492 |
| 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 | $883 |
| Total liabilities | $883 |