Frolic Institute
- Assets
- $60.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3048731
Organization Overview
Frolic Institute is located in Kirkland, WA. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frolic Institute 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, Frolic Institute generated $5.0k in total revenue. All expenses for the organization totaled $173.3k during the year ending 12/2023.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE DEVELOPMENT OF AFFORDABLE COOPERATIVE HOUSING IN SEATTLE AND OTHER COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Morrison President | 2 | $0 | |
Tamara Knox Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $683 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,214 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,112 |
| Total Revenue | $5,009 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $168,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,129 |
| Total expenses | $173,329 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,498 |
| Other assets | $0 |
| Total assets | $60,595 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,595 |