Samuel J & Connie Frankino Charitable Foundation
- Assets
- $19.1m
- Revenue
- $638.4k
- Investments
- $15.0m
- Employees
- 0
- Location
- Rocky River, OH
- Founding
- 08/1988
- Data as of
- 03/2024
- EIN
- 34-1577766
Organization Overview
Samuel J & Connie Frankino Charitable Foundation is located in Rocky River, OH. The organization was established in 1988. 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. Samuel J & Connie Frankino Charitable 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 03/2024, Samuel J & Connie Frankino Charitable Foundation generated $638.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.6m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Samuel J & Connie Frankino Charitable Foundation has awarded 283 individual grants totaling $11,875,824. 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 | $104,425 |
| Dividends & Interest | $868,717 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$342,026 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,326 |
| Total Revenue | $638,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,320 |
| Printing and publications | $0 |
| Other expenses | $7,552 |
| Total operating and administrative expenses | $205,191 |
| Contributions, gifts, grants paid | $1,404,472 |
| Total expenses and disbursements | $1,609,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,145,068 |
| 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 | $19,108,382 |
| 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 | $74,671 |
| Total liabilities | $74,671 |
Grants Awarded
Over the last fiscal year, Samuel J & Connie Frankino Charitable Foundation has awarded $1,404,472 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BIG DOG RANCH RESCUE PURPOSE: GENERAL | $17,366 |
GILMOUR ACADEMY PURPOSE: GENERAL | $13,703 |
DIOCESE OF PALM BEACH PURPOSE: GENERAL | $96,150 |
HEALTHCORPS PURPOSE: GENERAL | $102,000 |
LIFE FOUNDATION PURPOSE: GENERAL | $10,000 |
MASTER'S RANCH CHRISTIAN ACADEMY PURPOSE: GENERAL | $60,300 |