Frey Foundation
- Assets
- $0.0
- Revenue
- $7.7m
- Investments
- $150.2m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 01/1974
- Data as of
- 12/2020
- EIN
- 23-7094777
Organization Overview
Frey Foundation is located in Grand Rapids, MI. The organization was established in 1974. 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. Frey 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 12/2020, Frey Foundation generated $7.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $7.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Frey Foundation has awarded 2,234 individual grants totaling $55,704,666. 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 |
|---|---|---|---|
Name Not Listed Trustee Emeritus | 0 | $0 | |
Lynnette J Ferrell Program Director | 40 | $149,147 | |
Bryana L Hopkins Program Associate | 40 | $68,434 | |
Sarah J Mix Program Associate | 40 | $67,934 | |
Christina B Gill Executive Assistant | 40 | $52,140 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harvest Fund Advisors Llc | 12/30/20 | $639,388 |
Willowridge Partners Inc | 12/30/20 | $192,226 |
Westfield | 12/30/20 | $95,030 |
Alpha Capital Management Llc | 12/30/20 | $55,000 |
Fund Evaluation Group | 12/30/20 | $122,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $401 |
| Dividends & Interest | $3,413,559 |
| Profit on Inventory Sales | $0 |
| Other Income | -$65,561 |
| Total Revenue | $7,734,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $441,530 |
| Pension plans, employee benefits | $166,724 |
| Depreciation | $7,108 |
| Occupancy | $81,531 |
| Travel, conferences, and meetings | $46,682 |
| Printing and publications | $8,965 |
| Total operating and administrative expenses | $3,084,028 |
| Contributions, gifts, grants paid | $4,332,139 |
| Total expenses and disbursements | $7,416,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92 |
| Investments—mortgage loans | $0 |
| Investments—other | $138,907,147 |
| Other assets | $1,290,157 |
| Mortgages and other notes payable | $676,338 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frey Foundation has awarded $7,314,793 in support to 278 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: GRAND RIVER RESTORATION; LOWER REACH | $350,000 |
Grand Rapids, MI PURPOSE: GRAND RIVER RESTORATION; LOWER REACH | $350,000 |
Grand Rapids, MI PURPOSE: GRAND RIVER RESTORATION; LOWER REACH | $300,000 |
Grand Rapids, MI PURPOSE: COMPLETION OF THE PRE-CONSTRUCTION DEVELOPMENT PHASE OF THE 2.2 MILE GRAND RIVER RESTORATION INCLUDING DESIGN, ENGINEERING, PERMIT SUBMISSION, ENVIRONMENTAL REVIEW AND FUND DEVELOPMENT. | $280,000 |
Grand Rapids, MI PURPOSE: SUPPORTING THE EARLY CHILDHOOD SYSTEM IN KENT COUNTY | $270,000 |
Grand Rapids, MI PURPOSE: HOUSING STABILITY ALLIANCE: BUILDING A BACKBONE ENTITY | $265,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frey Foundation has recieved totaling -$20,000.
| Awarding Organization | Amount |
|---|---|
Dyer-Ives Foundation Grand Rapids, MI PURPOSE: REIMBURSEMENT | -$20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
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 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |