The Mark Edward Freitas Foundation Inc
- Assets
- $12.7k
- Revenue
- $37.1k
- Investments
- $12.0k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 20-3920000
Organization Overview
The Mark Edward Freitas Foundation Inc is located in Palm Beach, FL. The organization was established in 2006. 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. Mark Edward Freitas 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 12/2022, Mark Edward Freitas Foundation Inc generated $37.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $36.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mark Edward Freitas Foundation Inc has awarded 158 individual grants totaling $1,255,095. 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 |
|---|---|---|---|
Mark E Freitas President | 10 | $0 | |
Mary Fairbanks Freitas Secretary | 10 | $0 | |
Anthony J Cernera Director | 10 | $0 | |
Paul J Pisano Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,155 |
| Interest on Savings | $0 |
| Dividends & Interest | $914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $87 |
| Contributions, gifts, grants paid | $36,750 |
| Total expenses and disbursements | $36,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739 |
| 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 | $11,963 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,702 |
| 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, The Mark Edward Freitas Foundation Inc has awarded $36,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF PALM BEACH UNITED WAY PURPOSE: FUNDS USED TO SUPPORT LOCAL COMMUNITIES. | $250 |
MORSELIFE HEALTH SYSTEM PURPOSE: GEENRAL SUPPORT | $2,500 |
BOUNCE BACK FROM CANCER PURPOSE: FOR CANCER RESEARCH | $3,000 |
THE BOYS & GIRL'S CLUB OF PALM BEACH COUNTY PURPOSE: FUNDS USED TO UNDERWRITE GALA AND KIP'S BAY SHOW HOUSE | $6,000 |
BEST BUDDIES INTERNATIONAL INC PURPOSE: GENERAL SUPPORT | $7,500 |
PALM BEACH CIVIC ASSOCIATION PURPOSE: FUNDS USED TO UNDERWRITE LUNCHEON TO RAISE FUNDS TO PRESERVE THE HISTORY OF PALM BEACH. | $7,500 |