Frazier Family Foundation Inc
- Assets
- $9.8m
- Revenue
- $436.5k
- Investments
- $9.4m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 83-1952912
Organization Overview
Frazier Family Foundation Inc is located in Corpus Christi, TX. The organization was established in 2020. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frazier Family 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 12/2023, Frazier Family Foundation Inc generated $436.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $787.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Frazier Family Foundation Inc has awarded 88 individual grants totaling $2,085,639. 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 |
|---|---|---|---|
Warren Lynn Frazier President | 6.9 | $40,000 | |
Garrett Lynn Frazier Vice President | 6.9 | $40,000 | |
Derrick Chase Frazier Secretary/treasurer | 6.9 | $40,000 | |
Ryan Frazier Operating Director, Adv Committee Memb | 15 | $50,000 | |
Patricia Frazier Advisory Committee Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $345,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,324 |
| Capital Gain Net Income | $91,324 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $436,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $170,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,329 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,691 |
| Total operating and administrative expenses | $297,456 |
| Contributions, gifts, grants paid | $489,555 |
| Total expenses and disbursements | $787,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,369 |
| Savings and temporary cash investments | $363,005 |
| 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 | $32,820 |
| Total assets | $9,844,357 |
| 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, Frazier Family Foundation Inc has awarded $489,555 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT - JULY 1, 2022 - JUNE 30, 2023 | $3,000 |
BANDERA COUNTY 4H SHOTGUN PROJECT PURPOSE: SPONSORSHIP - 2023 ANNUAL COWBOY BLAST | $1,000 |
BLOOD ORIGINS INC PURPOSE: SUPPORT CONNECTING THE DOTS FILM PROJECTS | $35,000 |
CAMP ARANZAZU INC PURPOSE: SUPPORT CAMP COST FOR 26 CAMPERS | $20,000 |
CHILDRENS ADVOCACY CENTER OF THE COASTAL PURPOSE: SUPPORT PREVENTION OF CHILD ABUSE AND ASSIST VICTIMS | $15,000 |
CITY OF CORPUS CHRISTI PURPOSE: MAYOR'S JULY 4TH BIG BANG CELEBRATION | $1,000 |