Father Fred Foundation
- Assets
- $8.3m
- Revenue
- $2.7m
- Investments
- $24.4k
- Employees
- 12
- Location
- Traverse City, MI
- Founding
- 05/1990
- Data as of
- 12/2023
- EIN
- 38-2908199
Organization Overview
Father Fred Foundation is located in Traverse City, MI. The organization was established in 1990. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Father Fred Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Father Fred 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 12/2023, Father Fred Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE OFFER HELP, HOPE AND COMPASSION TO ANYONE WITH ESSENTIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 FINANCIAL ASSISTANCE WAS GIVEN FOR THE PAYMENT OF UTILITIES, HEATING COSTS, TRANSPORTATION, MEDICAL ASSISTANCE, TEMPORARY SHELTER, AND FOOD AND CLOTHING. NON-CASH SUPPORT WAS GIVEN TO THOSE IN NEED FOR FOOD, CLOTHING, TRANSPORTATION, AND NUMEROUS OTHER PURPOSES. DURING 2023, 4,391 FAMILIES WERE PROVIDED SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Sole President | OfficerTrustee | 1.03 | $0 |
Kadra Kierczynski Treasurer | OfficerTrustee | 1.07 | $0 |
Deb Jackson Vice President | OfficerTrustee | 3.1 | $0 |
Rebecca Bercini Secretary | OfficerTrustee | 5.38 | $0 |
Kurt Swartz Director | Trustee | 1.01 | $0 |
Max Anderson Director | Trustee | 1.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,019,995 |
| Noncash contributions included in lines 1a–1f | $816,674 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,204,013 |
| Total Program Service Revenue | $0 |
| Investment income | $179,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $209,581 |
| Net Income from Fundraising Events | $51,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,662,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,196,231 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,000 |
| Compensation of current officers, directors, key employees. | $13,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,621 |
| Payroll taxes | $38,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,368 |
| Fees for services: Other | $24,889 |
| Advertising and promotion | $53,659 |
| Office expenses | $36,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,727 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $10,430 |
| Conferences, conventions, and meetings | $2,096 |
| Interest | $437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,207 |
| Insurance | $15,396 |
| All other expenses | $1,050 |
| Total functional expenses | $3,248,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $395,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,079 |
| Prepaid expenses and deferred charges | $23,631 |
| Net Land, buildings, and equipment | $1,177,305 |
| Investments—publicly traded securities | $6,420,800 |
| Investments—other securities | $24,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,361 |
| Total assets | $8,323,726 |
| Accounts payable and accrued expenses | $132,282 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,361 |
| Total liabilities | $138,643 |
| Net assets without donor restrictions | $7,822,090 |
| Net assets with donor restrictions | $362,993 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,323,726 |