David And Tracey Frankel Foundation Inc
- Assets
- $1.7m
- Revenue
- $891.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 02/2022
- EIN
- 86-2217342
Organization Overview
David And Tracey Frankel Foundation Inc is located in Philadelphia, PA. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David And Tracey Frankel 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EMPOWERMENT AND EDUCATION OF UNDER-PRIVILEGED CHILDREN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Frankel President, T | 0 | $0 | |
Tracey N Frankel Secretary | 0 | $0 | |
Peter Rosenberg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $891,830 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $891,848 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,012 |
| Total operating and administrative expenses | $1,012 |
| Contributions, gifts, grants paid | $326,476 |
| Total expenses and disbursements | $327,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,013 |
| 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 | $0 |
| Total assets | $1,661,289 |
| 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, David And Tracey Frankel Foundation Inc has awarded $326,476 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE DAVID AND TRACEY FRANKEL FDN PURPOSE: UNDER-PRIVILEGED CHILDREN EDUCATION | $33,935 |
THE DAVID AND TRACEY FRANKEL FDN PURPOSE: UNDER-PRIVILEGED CHILDREN EDUCATION | $3,520 |
THE DAVID AND TRACEY FRANKEL FDN PURPOSE: UNDER-PRIVILEGED CHILDREN EDUCATION | $10,908 |
THE DAVID AND TRACEY FRANKEL FDN PURPOSE: UNDER-PRIVILEGED CHILDREN EDUCATION | $46,080 |
THE DAVID AND TRACEY FRANKEL FDN PURPOSE: UNDER-PRIVILEGED CHILDREN EDUCATION | $21,198 |
THE DAVID AND TRAVEY FRANKEL FDN PURPOSE: UNDER-PRIVILEGED CHILDREN EDUCATION | $10,835 |