The Horace G Fralin Charitable Trust is located in Roanoke, VA. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Horace G Fralin Charitable Trust 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 12/2023, Horace G Fralin Charitable Trust generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
W Heywood Fralin Co-Trustee | 0 | $0 | |
William H Fralin Co-Trustee | 0 | $0 | |
Robert P Fralin Co-Trustee | 0 | $0 | |
Katherine F Walker Co-Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $676,123 |
Dividends & Interest | $555,983 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$505,427 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $233,607 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $524,896 |
Total Revenue | $1,251,575 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $1,500 |
Pension plans, employee benefits | $115 |
Interest | $83,619 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $503,772 |
Total operating and administrative expenses | $626,847 |
Contributions, gifts, grants paid | $4,000,226 |
Total expenses and disbursements | $4,627,073 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $353,990 |
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 | $342,726 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $33,618,236 |
Net Land, buildings, and equipment | $0 |
Other assets | $129,102 |
Total assets | $34,444,054 |
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 |