Frank W Sower Community Tr
- Assets
- $876.7k
- Revenue
- $38.2k
- Investments
- $848.7k
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 61-6272488
Organization Overview
Frank W Sower Community Tr is located in Frankfort, KY. The organization was established in 2001. 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. Frank W Sower Community Tr 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, Frank W Sower Community Tr generated $38.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $185.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank W Sower Community Tr has awarded 24 individual grants totaling $644,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES GRANTS TO SPECIFIED LOCAL CHARITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Sower Jr Trustee | 0 | $955 | |
Lynn S Bufkin Trustee | 0 | $0 | |
John R Sower Trustee | 0 | $955 | |
Phyllis A Sower Administrator | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $74,682 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,910 |
| 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 | $0 |
| Total operating and administrative expenses | $3,910 |
| Contributions, gifts, grants paid | $182,000 |
| Total expenses and disbursements | $185,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,008 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $876,727 |
| 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, Frank W Sower Community Tr has awarded $359,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKFORT INDEPENDENT SCHOOLS PURPOSE: EDUCATION/ATHLETICS | $59,000 |
CORPUS CHRISTI CLASSICAL ACADEMY PURPOSE: EDUCATION/BUILDING FUND | $110,000 |
ST FRANCIS CHURCH PURPOSE: SACERDOTAL | $4,000 |
GOOD SHEPHERD CHURCH PURPOSE: SACERDOTAL | $4,000 |
FRANKFORT INDEPENDENT SCHOOLS PURPOSE: EDUCATION/ATHLETICS | $59,000 |
CORPUS CHRISTI CLASSICAL ACADEMY PURPOSE: EDUCATION/BUILDING FUND | $110,000 |