Leonard R Frankel Family Foundation
- Assets
- $9.4m
- Revenue
- $1.5m
- Investments
- $8.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 76-0354825
Organization Overview
Leonard R Frankel Family Foundation is located in Houston, TX. The organization was established in 1992. 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. Leonard R Frankel 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 12/2022, Leonard R Frankel Family Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $576.6k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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, Leonard R Frankel Family Foundation has awarded 165 individual grants totaling $3,534,500. 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 |
|---|---|---|---|
Russell M Frankel Chairman | 1 | $0 | |
Sherry G Frankel Vice President | 1 | $0 | |
Marvin D Nathan Secretary | 1 | $0 | |
Julia Frankel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,023,036 |
| Interest on Savings | $0 |
| Dividends & Interest | $268,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $190,689 |
| Capital Gain Net Income | $190,689 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,482,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $6,638 |
| Contributions, gifts, grants paid | $570,000 |
| Total expenses and disbursements | $576,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,371 |
| Savings and temporary cash investments | $911,526 |
| 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 | $2,522,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,448,321 |
| 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, Leonard R Frankel Family Foundation has awarded $570,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ARMY WAR COLLEGE FOUNDATION PURPOSE: GENERAL | $5,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: SUPPORT INSTITUIONAL ADVANCEMENT | $10,000 |
CHILDBUILDERS PURPOSE: GENERAL | $5,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: GENERAL | $15,000 |
CONGREGATION BETH ISRAEL PURPOSE: GENERAL | $15,000 |
HOUSTON ACHIEVEMENT PLACE PURPOSE: PROGRAMS FOR CHILDREN | $10,000 |