Stanley & Dorothy Frank Family Foundation
- Assets
- $39.1m
- Revenue
- $2.1m
- Investments
- $31.8m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 56-6513308
Organization Overview
Stanley & Dorothy Frank Family Foundation is located in Greensboro, NC. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Stanley & Dorothy Frank 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, Stanley & Dorothy Frank Family Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 33.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stanley & Dorothy Frank Family Foundation has awarded 101 individual grants totaling $2,764,316. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE COMMUNITY FOUNDATION OF GREATER GREENSBORO IN STRENGTHENING OUR LOCAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE FOR THE BETTERMENT OF GREENSBORO, NORTH CAROLINA, AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry S Frank President | OfficerTrustee | 1 | $0 |
Carole Simms Secretary | OfficerTrustee | 1 | $0 |
Karl Anderson Director | Trustee | 0.25 | $0 |
Charles Reid Director | Trustee | 0.25 | $0 |
Jackie Wieland Director | Trustee | 0.25 | $0 |
Jacqueline O'connell Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Piedmont Trust Investment Mgmt. | 12/30/21 | $128,669 |
Cfgg Management | 12/30/21 | $107,124 |
Fidelity Investments Investment Mgmt. | 12/30/21 | $104,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $927,395 |
| Investment income | $214,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,003,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,145,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $107,124 |
| Fees for services: Legal | $23,975 |
| Fees for services: Accounting | $5,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $249,007 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,361,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,281,258 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,779,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,060,672 |
| Accounts payable and accrued expenses | $2,350 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,350 |
| Net assets without donor restrictions | $3,794,418 |
| Net assets with donor restrictions | $35,263,904 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $39,058,322 |
Grants Awarded
Over the last fiscal year, Stanley & Dorothy Frank Family Foundation has awarded $886,057 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION GREENSBORO INC PURPOSE: GENERAL SUPPORT | $50,000 |
APPALACHIAN STATE UNIVERSITY - ADVANCEMENT PURPOSE: GENERAL SUPPORT | $113,996 |
AUTHORACARE COLLECTIVE PURPOSE: GENERAL SUPPORT | $16,120 |
COMMUNITY FOUNDATION OF GREATER GREENSBORO PURPOSE: GENERAL SUPPORT | $25,000 |
EBENEZER LUTHERAN CHURCH PURPOSE: GENERAL SUPPORT | $13,379 |
GIRL SCOUTS CAROLINAS PEAKS TO PIEDMONT PURPOSE: GENERAL SUPPORT | $5,352 |