Friesen Foundation
- Assets
- $6.0m
- Revenue
- $1.1m
- Investments
- $4.4m
- Employees
- 0
- Location
- Redding, CA
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 83-3625948
Organization Overview
Friesen Foundation is located in Redding, CA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Friesen 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 12/2023, Friesen Foundation generated $1.1m 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 (27.1%) each year. All expenses for the organization totaled $84.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Friesen President | 5 | $0 | |
Royce Friesen Vice President | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,491 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,070,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,991 |
| Pension plans, employee benefits | $1,170 |
| Interest | $0 |
| Taxes | $15,458 |
| Depreciation | $1,757 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,549 |
| Total operating and administrative expenses | $69,183 |
| Contributions, gifts, grants paid | $15,114 |
| Total expenses and disbursements | $84,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,121,993 |
| 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 | $4,002 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,454,540 |
| Net Land, buildings, and equipment | $394,850 |
| Other assets | $0 |
| Total assets | $5,963,007 |
| Accounts payable and accrued expenses | $828 |
| 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 | $828 |
Grants Awarded
Over the last fiscal year, Friesen Foundation has awarded $350,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE ALMANOR COMMUNITY FOUNDATION PURPOSE: LAKE ALMANOR CONCERT | $50,000 |
MT SHASTA COMMUNITY CONCERTS PURPOSE: MT. SHASTA CONCERT | $50,000 |
LAKE ALMANOR COMMUNITY FOUNDATION PURPOSE: LAKE ALMANOR CONCERT | $50,000 |
REDDING TRAIL OF ALLIANCE PURPOSE: SALT CREEK TRAIL PROJECT | $75,000 |
REDDING TRAIL OF ALLIANCE PURPOSE: SALT CREEK TRAIL PROJECT | $75,000 |
MT SHASTA COMMUNITY CONCERTS PURPOSE: MT. SHASTA CONCERT | $50,000 |