Frazier Fund Inc
- Assets
- $1.3m
- Revenue
- $87.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Marquette, MI
- Founding
- 01/1981
- Data as of
- 09/2023
- EIN
- 38-2287345
Organization Overview
Frazier Fund Inc is located in Marquette, MI. The organization was established in 1981. 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. Frazier Fund 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 09/2023, Frazier Fund Inc generated $87.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $122.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frazier Fund Inc has awarded 150 individual grants totaling $830,876. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter W Frazier President | 0 | $0 | |
Julia Q Frazier V. President | 0 | $0 | |
William I Mcdonald Secretary | 0 | $0 | |
Robert J Toutant Treasurer | 0 | $0 | |
Lincoln B Frazier Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,983 |
| Dividends & Interest | $36,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,321 |
| Capital Gain Net Income | $48,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,082 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,166 |
| Contributions, gifts, grants paid | $106,500 |
| Total expenses and disbursements | $122,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,712 |
| 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 | $1,336,055 |
| 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, Frazier Fund Inc has awarded $106,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF MARQ PURPOSE: GIRL POWER PROGRAM | $5,000 |
CAMP NEW DAY PURPOSE: CAMP NEW DAY EXPENSES | $4,500 |
COMMUNITY FOUNDATION OF MARQUETTE PURPOSE: SWING ZONE AT KIDS COVE | $25,000 |
ISHPEMING CANCER SOCIETY PURPOSE: PATIENT CARE SERVICES | $5,000 |
LAKE SUPERIOR LIFE CARE & HOSPICE PURPOSE: TECHNOLOGY INFRASTRUCTURE UPDATE | $5,000 |
LAKE SUPERIOR THEATER PURPOSE: SUMMER SEASON | $7,500 |