Frk Foundation
- Assets
- $1.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-0719012
Organization Overview
Frk Foundation is located in New York, NY. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frk 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, Frk Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 47.2% per year over the past 2 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 2021, Frk Foundation has awarded 21 individual grants totaling $1,894,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 8
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Olsen Statement 9 Director, President, Treasurer | 35 | $250,000 | |
Crispin Vaughan Statement 9 Director, Vice President, Secretary | 35 | $250,000 | |
James Saakvitne Through 42022 Director | 10 | $0 | |
Stacy L Rosenthal Assistant To The Boa | 40 | $138,136 | |
Sandra W Baker Estate Manager, Elm | 40 | $86,488 | |
William T Killian Administrative Assis | 40 | $69,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,321,817 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,321,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $500,000 |
| Other employee salaries and wages | $661,951 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $71,932 |
| Printing and publications | $0 |
| Other expenses | $121,701 |
| Total operating and administrative expenses | $1,525,331 |
| Contributions, gifts, grants paid | $985,412 |
| Total expenses and disbursements | $2,510,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,977 |
| Savings and temporary cash investments | $0 |
| 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 | $1,330,005 |
| Total assets | $1,851,982 |
| 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, Frk Foundation has awarded $985,412 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SONGBOOK ASSOCIATION INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CHAMBER MUSIC PITTSBURGH PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
DELAWARE VALLEY ARTS ALLIANCE INC PURPOSE: TO SUPPORT THE DEEP RIVER LITERARY FESTIVAL | $1,000 |
DELAWARE VALLEY ARTS ALLIANCE INC PURPOSE: TO SUPPORT THE DORFLINGER CONCERT SERIES | $1,029 |
DELAWARE VALLEY ARTS ALLIANCE INC PURPOSE: TO SUPPORT THE BIG EDDY FILM FESTIVAL | $1,000 |
FREDERICK R KOCH FOUNDATION OF AUSTRIA GEMEINNUTZIGE PRIVATSTIFTUNG PURPOSE: SUPPORT PRESERVATION, MAINTENANCE, UPKEEP & CULTURAL & ARTISTIC PROGRAMMING OF SCHLOSS BLUHNBACH | $950,843 |