The Horace G Fralin Charitable Trust
- Assets
- $38.2m
- Revenue
- -$599.6k
- Investments
- $37.4m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 08/1989
- Data as of
- 12/2020
- EIN
- 54-1509505
Organization Overview
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Fralin Co-Trustee | 0 | $8,000 | |
Robert P Fralin Co-Trustee | 0 | $8,000 | |
Katherine F Walker Co-Trustee | 0 | $8,000 | |
W Heywood Fralin Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $331,925 |
| Dividends & Interest | $220,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $407,693 |
| Capital Gain Net Income | $407,691 |
| Net ST Capital Gain | $597,229 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,559,799 |
| Total Revenue | -$599,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $9,000 |
| Pension plans, employee benefits | $688 |
| Interest | $18,723 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $282,384 |
| Total operating and administrative expenses | $365,025 |
| Contributions, gifts, grants paid | $1,150,164 |
| Total expenses and disbursements | $1,515,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $337,396 |
| 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 | $347,812 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,405,322 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $102,103 |
| Total assets | $38,192,633 |
| Accounts payable and accrued expenses | $772 |
| 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 | $772 |
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De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
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Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |