William O & Gertrude Lewis Frohring Foundation Inc
- Assets
- $4.1m
- Revenue
- $186.9k
- Investments
- $3.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1961
- Data as of
- 12/2022
- EIN
- 34-6516526
Organization Overview
William O & Gertrude Lewis Frohring Foundation Inc is located in Wilmington, DE. The organization was established in 1961. 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. William O & Gertrude Lewis Frohring Foundation Inc 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 12/2022, William O & Gertrude Lewis Frohring Foundation Inc generated $186.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $436.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, William O & Gertrude Lewis Frohring Foundation Inc has awarded 59 individual grants totaling $660,105. 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 |
|---|---|---|---|
Christopher Frohring Trustee/treasurer | 5 | $0 | |
Nancy Szilagyi Trustee | 5 | $0 | |
Evelyn Frohring Secretary | 5 | $0 | |
Steven Szilagyi Vice President | 5 | $0 | |
Glenn H Frohring President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,928 |
| Capital Gain Net Income | $90,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $186,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,255 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $81,603 |
| Contributions, gifts, grants paid | $355,000 |
| Total expenses and disbursements | $436,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,200 |
| 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 | $3,945,331 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,130,531 |
| 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, William O & Gertrude Lewis Frohring Foundation Inc has awarded $355,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL UNIVERSITY PURPOSE: SCHOLARSHIP AWARD FOR | $3,000 |
EAST CLEVELAND FARMERS' MARKET PURPOSE: PAINT PROJECT | $6,000 |
CHAGRIN FALLS HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $6,000 |
CLEVELAND INSTITUTE OF MUSIC PURPOSE: GENERAL SUPPORT | $20,000 |
CLEVELAND INSTITUTE OF ART PURPOSE: SCHOLARSHIP FUND | $7,500 |
CLEVELAND MUSIC SCHOOL SETTLEMENT PURPOSE: TMS OUTREACH | $15,000 |