Arthur F & Arnold M Frankel Foundation Inc
- Assets
- $7.6m
- Revenue
- $5.6m
- Investments
- $4.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 13-3615586
Organization Overview
Arthur F & Arnold M Frankel Foundation Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arthur F & Arnold M 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.
For the year ending 06/2022, Arthur F & Arnold M Frankel Foundation Inc generated $5.6m in total revenue. All expenses for the organization totaled $462.7k during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 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 2015, Arthur F & Arnold M Frankel Foundation Inc has awarded 15 individual grants totaling $1,646,366. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jedd Wider Trustee | 11 | $0 | |
Todd Wider Trustee | 11 | $0 | |
Herbert Nass Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,590 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,563,645 |
| Capital Gain Net Income | $5,563,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,567,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,910 |
| Contributions, gifts, grants paid | $459,779 |
| Total expenses and disbursements | $462,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,534,353 |
| 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 | $63,645 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,588,997 |
| 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, Arthur F & Arnold M Frankel Foundation Inc has awarded $459,779 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NY FOUNDATION FOR THE ARTS PURPOSE: TO PROVIDE SUPPORT FOR THE EDUCATION AND PROMOTION OF THE ARTS | $75,000 |
FRACTURED ATLAS PURPOSE: TO PROVIDE SUPPORT FOR THE EDUCATION AND PROMOTION OF THE ARTS | $370,000 |
MAYSLES INSTITUTE INC PURPOSE: TO PROVIDE SUPPORT FOR THE EDUCATION AND PROMOTION OF THE ARTS. | $14,779 |