Justice-Frye Foundation Inc
- Assets
- $4.5m
- Revenue
- $976.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, GA
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 76-0649834
Organization Overview
Justice-Frye Foundation Inc is located in Gainesville, GA. The organization was established in 2002. 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. Justice-Frye Foundation Inc 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, Justice-Frye Foundation Inc generated $976.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $71.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JUSTICE-FRYE FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT FOR COLLEGE SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED FUNDING FOR EIGHT PREVIOUSLY AWARDED SCHOLARSHIPS. PROVIDED FUNDING FOR TWO NEW SCHOLARSHIPS AWARDED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth L Justice President | OfficerTrustee | 12 | $0 |
Elizabeth F Justice Vice President | OfficerTrustee | 2 | $0 |
John P Morris Director | Trustee | 0.1 | $0 |
Julene K Johnson Director | Trustee | 0.1 | $0 |
Jennifer C Leech Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,162 |
| Noncash contributions included in lines 1a–1f | $152,534 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,162 |
| Total Program Service Revenue | $0 |
| Investment income | $63,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $521,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $976,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,266 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $72 |
| Total functional expenses | $71,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,408,413 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,127,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,535,775 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $61,121 |
| 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 | $61,121 |
| Net assets without donor restrictions | $4,474,654 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,535,775 |
Grants Awarded
Over the last fiscal year, Justice-Frye Foundation Inc has awarded $71,266 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKBRIDGE COUNTY HIGH SCHOOL PURPOSE: College Scholarships | $43,459 |
CHINCOTEAGUE HIGH SCHOOL PURPOSE: College Scholarships | $27,807 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Justice-Frye Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
W I H Pitts Memorial Fund Ua 1125291 Orlando, FL | $81,861,752 | $8,345,825 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Disease Management Network Inc Coral Gables, FL | $1,845,694 | $4,211,323 |
Greater Orlando Childrens Miracle Network Inc Orlando, FL | $3,305,504 | $3,670,113 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |
The Catholic Foundation Of Central Florida Inc Orlando, FL | $91,215,748 | $5,046,081 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Jewish Family Services Of Broward Foundation Inc Davie, FL | $15,511,369 | $3,786,697 |
Charity Assets Trust Cumming, GA | $3,483 | $1,605,049 |