Frascella Family Foundationcorporation
- Assets
- $798.6k
- Revenue
- $281.3k
- Investments
- $778.5k
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-8654691
Organization Overview
Frascella Family Foundationcorporation is located in Greenwich, CT. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frascella Family Foundationcorporation 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 12/2023, Frascella Family Foundationcorporation generated $281.3k in total revenue. All expenses for the organization totaled $387.0k during the year ending 12/2023. While expenses have increased by 19.4% per year over the past 5 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 2019, Frascella Family Foundationcorporation has awarded 41 individual grants totaling $955,650. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Frascella Director/treas | 0 | $0 | |
Jennifer Kratt Frascella Director/pres | 0 | $0 | |
Charlean Kratt Director/sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $698 |
| Dividends & Interest | $11,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $268,732 |
| Capital Gain Net Income | $268,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $281,325 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $387,000 |
| Total expenses and disbursements | $387,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,000 |
| Savings and temporary cash investments | $85 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $798,602 |
| 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, Frascella Family Foundationcorporation has awarded $387,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CONVENT OF THE SACRED HEART PURPOSE: EDUCATION | $50,000 |
FRIENDS OF GREENWICH CREW PURPOSE: STUDENT ATHLETICS | $17,000 |
GLOBAL LYME ALLIANCE PURPOSE: LYME DISEASE RESEARCH | $2,500 |
AMERICAN RESCUE PROJECT PURPOSE: HUMANITARIAN AID | $100,000 |
SEALEGACY FOUNDATION INC PURPOSE: ENVIRONMENTAL CONSERVATION | $1,000 |
THE FREDERICK GUNN SCHOOL PURPOSE: EDUCATION | $87,000 |