George & Raymond Frank Foundation
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $722.6k
- Employees
- 80
- Location
- Yarmouth, ME
- Founding
- 04/1999
- Data as of
- 10/2021
- EIN
- 01-0520094
Organization Overview
George & Raymond Frank Foundation is located in Yarmouth, ME. The organization was established in 1999. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, George & Raymond Frank Foundation employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George & Raymond Frank 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 10/2021, George & Raymond Frank Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.0m during the year ending 10/2021. While expenses have increased by 0.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OPERATES A RESIDENTIAL SUMMER CAMP FOR BOYS LOCATED IN WELD MAINE. THE FOUNDATION IS SUPPORTED PRIMARILY THROUGH CAMPER TUITION AND CHARITABLE DONATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CAMP - PROVIDE RECREATIONAL, EDUCATIONAL, ATHLETIC AND NATURALIST PROGRAMS FOR YOUTHS AND OTHERS.
SUMMER CAMP - PROVIDE RECREATIONAL, EDUCATIONAL, ATHLETIC AND NATURALIST PROGRAMS FOR YOUTHS AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Standen Co-Ex.dir. | Officer | 40 | $81,250 |
Mark Standen Co-Ex.dir. | Officer | 20 | $18,750 |
John Estabrook President | OfficerTrustee | $0 | |
Will Fleming Vice Preside | OfficerTrustee | $0 | |
Kate Schoedinger Secretary | OfficerTrustee | $0 | |
Jose Otero Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,827 |
| Total Program Service Revenue | $987,089 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,447 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,628,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,712 |
| Office expenses | $13,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,424 |
| Travel | $4,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,495 |
| Insurance | $45,182 |
| All other expenses | $66,259 |
| Total functional expenses | $1,023,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,112 |
| Savings and temporary cash investments | $1,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,666 |
| Prepaid expenses and deferred charges | $25,678 |
| Net Land, buildings, and equipment | $1,207,600 |
| Investments—publicly traded securities | $1,331 |
| Investments—other securities | $722,643 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,223 |
| Total assets | $2,713,632 |
| Accounts payable and accrued expenses | $20,926 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,542 |
| Total liabilities | $111,468 |
| Net assets without donor restrictions | $2,464,568 |
| Net assets with donor restrictions | $137,596 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,713,632 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that George & Raymond Frank Foundation has recieved totaling $70,212.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $40,000 |
Fox Foundation Inc Lancaster, OH PURPOSE: GENERAL | $15,000 |
Bakerville Foundation Captiva, FL PURPOSE: GENERAL | $10,000 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $5,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Youth Foundation Center Tuftonboro, NH | $53,337,944 | $8,086,027 |
Christian Camps & Conferences Alton, NH | $13,413,417 | $4,814,206 |
Camp Berea Inc Hebron, NH | $12,875,909 | $4,303,735 |
Southern District Ymca-Camp Lincoln Inc Exeter, NH | $8,244,794 | $3,406,214 |
New England Music Camp Association Sidney, ME | $8,333,893 | $3,176,562 |
Camp Sunshine At Sebago Lake Inc Casco, ME | $42,598,112 | $4,000,970 |
Camps Newfound Owatonna Corporation Harrison, ME | $9,482,564 | $2,777,272 |
Agawam Council Falmouth, ME | $10,367,186 | $2,015,201 |
Camp Tecumseh Moultonborough, NH | $10,590,970 | $2,560,870 |
Camp Pasquaney Hebron, NH | $18,603,648 | $3,574,435 |
Camp Beech Cliff Mt Desert, ME | $37,864,440 | $5,884,348 |
Camp Bernadette Inc Gilmanton Iw, NH | $2,471,183 | $1,535,720 |