Charles W Frees And Jean H Frees Foundation
- Assets
- $621.9k
- Revenue
- $54.8k
- Investments
- $631.5k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 02/2008
- Data as of
- 02/2024
- EIN
- 20-7461473
Organization Overview
Charles W Frees And Jean H Frees Foundation is located in Milwaukee, WI. The organization was established in 2008. 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. Charles W Frees And Jean H Frees 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 02/2024, Charles W Frees And Jean H Frees Foundation generated $54.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $67.1k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Charles W Frees And Jean H Frees Foundation has awarded 49 individual grants totaling $520,539. 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 | $28,521 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,269 |
| Capital Gain Net Income | $26,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $54,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,512 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,095 |
| Contributions, gifts, grants paid | $45,018 |
| Total expenses and disbursements | $67,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$9,574 |
| 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 | $524,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $621,917 |
| 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, Charles W Frees And Jean H Frees Foundation has awarded $45,018 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL EDUCATION FOUNDATION PURPOSE: GENERAL OPERATING | $12,618 |
CENTRAL INSTITUTE FOR THE DEAF PURPOSE: GENERAL OPERATING | $5,400 |
RANKEN JORDAN HOME FOR CONVALESCENT PURPOSE: GENERAL OPERATING | $7,000 |
WILLIAM M BEDELL ACHIEVEMENT & RESOURCE PURPOSE: GENERAL OPERATING | $2,000 |
MIRIAM FOUNDATION PURPOSE: GENERAL OPERATING | $9,000 |
PONY BIRD INC PURPOSE: GENERAL OPERATING | $9,000 |