Henry V And Frances W Christenson Foundation
- Assets
- $1.4m
- Revenue
- $40.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 42-1537453
Organization Overview
Henry V And Frances W Christenson Foundation is located in Akron, OH. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Henry V And Frances W Christenson 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 12/2021, Henry V And Frances W Christenson Foundation generated $40.5k 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 (32.0%) each year. All expenses for the organization totaled $98.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Henry V And Frances W Christenson Foundation has awarded 87 individual grants totaling $161,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce H Moore Trustee | 0.5 | $0 | |
Howard T Boyle II Co Home Trustee | 0.5 | $0 | |
James D Kraus Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,328 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,166 |
| Total Revenue | $40,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $618 |
| Total operating and administrative expenses | $18,289 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $98,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,746 |
| Savings and temporary cash investments | $25,014 |
| 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 | $739,206 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,440,449 |
| Accounts payable and accrued expenses | $135 |
| 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 | $135 |
Grants Awarded
Over the last fiscal year, Henry V And Frances W Christenson Foundation has awarded $80,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
3) KENT CITY SCHOOLS PURPOSE: CHRISTENSON SCHOLARSHIP FUND, KENTROOSEVELT HIGH SCHOOL | $9,000 |
Kent, OH PURPOSE: CONSTRUCTION OF NEWEXHIBIT (HISTORY OFDRUG STORES IN KENT) | $5,000 |
Kent, OH PURPOSE: PURCHASE OFAUDIO-VIDEOEQUIPMENT | $5,000 |
Kent, OH PURPOSE: CULTURALARTS PROGRAMMING | $3,500 |
Mantua, OH PURPOSE: GENERALOPERATING EXPENSES | $3,000 |
6) REVERE LOCAL SCHOOL DISTRICT PURPOSE: SCHOLARSHIP FUND | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |