Sam J Frankino Foundation
- Assets
- $57.9m
- Revenue
- $3.5m
- Investments
- $54.7m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-5380431
Organization Overview
Sam J Frankino Foundation is located in Cleveland, OH. 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. Sam J Frankino 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 12/2021, Sam J Frankino Foundation generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sam J Frankino Foundation has awarded 370 individual grants totaling $14,887,220. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,300,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,178,100 |
| Capital Gain Net Income | $2,178,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,946 |
| Total Revenue | $3,486,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $31 |
| Taxes | $124,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,644 |
| Printing and publications | $190 |
| Other expenses | $93,255 |
| Total operating and administrative expenses | $924,182 |
| Contributions, gifts, grants paid | $3,515,233 |
| Total expenses and disbursements | $4,439,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,778,177 |
| 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 | $56,427 |
| Net Investments - land, buildings, equipment | $310,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,022,995 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,871,372 |
| Accounts payable and accrued expenses | $90,014 |
| 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 | $90,014 |
Grants Awarded
Over the last fiscal year, Sam J Frankino Foundation has awarded $3,515,233 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY HOSPITALS OF CLEVELAND PURPOSE: SIEDMAN CANCER | $555,000 |
West Palm Beach, FL PURPOSE: THEATER ENDOWMENT | $400,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: OPERATING | $300,000 |
Gates Mills, OH PURPOSE: ENDOWMENT; BUILDING FUND; SJF SCHOLARSHIP FUND | $278,968 |
AMERICAN RED CROSS OF GREATER CLEVELAND PURPOSE: OPERATING | $112,000 |
AMERICAN HEART ASSOCIATION NE OHIO PURPOSE: GO RED FOR WOMEN FUND | $101,033 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sam J Frankino Foundation has recieved totaling $2,155.
| Awarding Organization | Amount |
|---|---|
Samuel J & Connie Frankino Charitable Foundation Westlake, OH PURPOSE: GENERAL | $2,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |