Friel Foundation Inc
- Assets
- $877.4k
- Revenue
- $137.8k
- Investments
- $859.7k
- Employees
- 0
- Location
- Queenstown, MD
- Founding
- 01/1962
- Data as of
- 06/2024
- EIN
- 52-6045458
Organization Overview
Friel Foundation Inc is located in Queenstown, MD. The organization was established in 1962. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Friel 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 06/2024, Friel Foundation Inc generated $137.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $121.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Friel Foundation Inc has awarded 490 individual grants totaling $636,235. 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 |
|---|---|---|---|
James R Friel Jr Pres/treas | 0 | $0 | |
James R Friel III Director | 0.3 | $0 | |
Robert U Friel Director | 0.3 | $0 | |
Samuel Jp Friel Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,471 |
| Interest on Savings | $34 |
| Dividends & Interest | $34,853 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,581 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $137,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,014 |
| Total operating and administrative expenses | $3,999 |
| Contributions, gifts, grants paid | $117,104 |
| Total expenses and disbursements | $121,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,451 |
| Savings and temporary cash investments | $15,243 |
| 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 | $245,659 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $877,408 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friel Foundation Inc has awarded $117,104 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL UNION MISSION PURPOSE: OPERATING FUNDS | $80 |
CHESAPEAKE BAY MARITIME MUSEUM PURPOSE: OPERATING FUNDS | $165 |
CHESTERWYE FOUNDATION PURPOSE: OPERATING FUNDS | $250 |
CHESTERWYE CENTER PURPOSE: OPERATING FUNDS | $100 |
GOODWILL FIRE CO INC - EMS PURPOSE: OPERATING FUNDS | $700 |
HELPING UP MISSION PURPOSE: OPERATING FUNDS | $100 |