Irene & Wallace D Franson Foundation
- Assets
- $39.4k
- Revenue
- $12.1k
- Investments
- $32.2k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 95-4686422
Organization Overview
Irene & Wallace D Franson Foundation is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irene & Wallace D Franson 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, Irene & Wallace D Franson Foundation generated $12.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $9.0k during the year ending 12/2022. 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 |
|---|---|---|---|
Wallace D Franson President | 0 | $0 | |
Irene Franson Treasurer | 0 | $0 | |
Susan J Ollweiler Secretary | 0 | $0 | |
Laura Spaulding Director | 0 | $0 | |
Linda Franson Director | 0 | $0 | |
Lisa Franson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,462 |
| Capital Gain Net Income | $11,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,129 |
| 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 | $45 |
| Total operating and administrative expenses | $45 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $9,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,084 |
| Savings and temporary cash investments | $3,091 |
| 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 | $39,387 |
| 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, Irene & Wallace D Franson Foundation has awarded $9,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MCCALLUM THEATRE PURPOSE: GENERAL | $2,000 |
UNICEF USA PURPOSE: GENERAL | $2,000 |
SHEPHERD CHURCH PURPOSE: GENERAL | $500 |
PARA ADELANTE PURPOSE: GENERAL | $500 |
DESERT COMMUNITY FOUNDATION PURPOSE: GENERAL | $1,500 |
EISENHOWER MEDICAL CENTER PURPOSE: GENERAL | $1,000 |