Leo And Rhea Fay Fruhman Foundation
- Assets
- $10.7m
- Revenue
- $294.2k
- Investments
- $9.7m
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 75-2302749
Organization Overview
Leo And Rhea Fay Fruhman Foundation is located in Richardson, TX. The organization was established in 1991. 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. Leo And Rhea Fay Fruhman 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 12/2022, Leo And Rhea Fay Fruhman Foundation generated $294.2k 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 (4.7%) each year. All expenses for the organization totaled $870.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leo And Rhea Fay Fruhman Foundation has awarded 171 individual grants totaling $1,517,600. 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 |
|---|---|---|---|
Joe Goldman Treasurer (executive Direc | 40 | $120,000 | |
Timothy P Tehan Co Akin Gump Straus Secretary | 0 | $0 | |
Beverly T Goldman President | 0 | $0 | |
Ronald Goldman Co Arizona Elder Car Vice President | 10 | $25,000 | |
Michael Goldman Trustee | 10 | $114,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $290,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,908 |
| Capital Gain Net Income | $3,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $259,282 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,878 |
| Total operating and administrative expenses | $304,445 |
| Contributions, gifts, grants paid | $566,000 |
| Total expenses and disbursements | $870,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,710 |
| Savings and temporary cash investments | $946,533 |
| 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 | $6,884,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,705,286 |
| 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 | $263 |
| Total liabilities | $263 |
Grants Awarded
Over the last fiscal year, Leo And Rhea Fay Fruhman Foundation has awarded $566,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS FUND PURPOSE: COMMUNITY ASSISTANCE | $5,000 |
AKIBA ACADEMY OF DALLAS PURPOSE: EDUCATION | $13,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: HEALTH | $3,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: EDUCATION | $10,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: HEALTH - HUMANITARIAN AID | $10,000 |
ARMS WIDE OPEN CHILDHOOD CENTER FOUNDATION PURPOSE: HEALTH | $10,000 |