Hugh A Fraser Fund Nect
- Assets
- $1.8m
- Revenue
- $381.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 12/1972
- Data as of
- 06/2023
- EIN
- 34-6622461
Organization Overview
Hugh A Fraser Fund Nect is located in Columbus, OH. The organization was established in 1972. 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.
For the year ending 06/2023, Hugh A Fraser Fund Nect generated $381.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $70.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hugh A Fraser Fund Nect has awarded 118 individual grants totaling $789,134. 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 |
|---|---|---|---|
Huntington National Bank Trustee | 8 | $23,402 | |
Richard L Stephenson Committee Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $333,636 |
| Capital Gain Net Income | $333,636 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $381,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,402 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,552 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $218 |
| Total operating and administrative expenses | $29,422 |
| Contributions, gifts, grants paid | $40,955 |
| Total expenses and disbursements | $70,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,728 |
| 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 | $1,807,831 |
| 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, Hugh A Fraser Fund Nect has awarded $40,955 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CLAYMONT MIDDLE SCHOOL PURPOSE: GENERAL SUPPORT | $1,345 |
NEW PHILADELPHIA QUAKER CLUB PURPOSE: GENERAL OPERATING | $1,800 |
WELTY MIDDLE SCHOOL PURPOSE: FIELD TRIP | $5,350 |
DOVER MIDDLE SCHOOL PURPOSE: 6TH GRADE CAMP | $8,000 |
NEWSCOMERSTOWN PURPOSE: 8TH GRADE TRIP TO WASH. | $2,060 |
TUSCARAWAS ARTS PARTNERSHIP PURPOSE: GENERAL OPERATING | $5,000 |