Robert E Frazier Tri-City Area Charitable Foundation Inc
- Assets
- $6.5m
- Revenue
- $215.1k
- Investments
- $6.3m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-3278636
Organization Overview
Robert E Frazier Tri-City Area Charitable Foundation Inc is located in Lexington, KY. The organization was established in 2014. 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. Robert E Frazier Tri-City Area Charitable 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, Robert E Frazier Tri-City Area Charitable Foundation Inc generated $215.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $485.6k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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.
Since 2015, Robert E Frazier Tri-City Area Charitable Foundation Inc has awarded 162 individual grants totaling $2,302,103. 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 |
|---|---|---|---|
Charles D Cole President/director | 4 | $15,000 | |
Alma Cornett Secretary/director | 2 | $0 | |
Christopher B Hogue Director | 2 | $0 | |
Roger M Roper Director | 2 | $0 | |
Roberta G Gothard Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,311 |
| Dividends & Interest | $150,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,571 |
| Capital Gain Net Income | $59,571 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $215,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,000 |
| Other employee salaries and wages | $10,140 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,492 |
| Depreciation | $892 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $638 |
| Printing and publications | $0 |
| Other expenses | $7,629 |
| Total operating and administrative expenses | $117,282 |
| Contributions, gifts, grants paid | $368,302 |
| Total expenses and disbursements | $485,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,517 |
| Savings and temporary cash investments | $138,253 |
| 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 | $5,671 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,320,523 |
| Net Land, buildings, and equipment | $3,665 |
| Other assets | $696 |
| Total assets | $6,511,425 |
| 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 | $112 |
| Total liabilities | $112 |
Grants Awarded
Over the last fiscal year, Robert E Frazier Tri-City Area Charitable Foundation Inc has awarded $368,302 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BENHAM KENTUCKY (#1) PURPOSE: REPAIRS AND RENOVATION TO CITY HALL BUILDING. | $25,463 |
CITY OF BENHAM KENTUCKY (#2) PURPOSE: PARTIAL FUNDING FOR PUMP AT SEWER PLANT AND REPAIRS TO CITY HALL BUILDING. | $20,000 |
CITY OF CUMBERLAND TOURIST AND CONVENTION COMMISSION PURPOSE: CHRISTMAS TREE FOR OUTDOOR PUBLIC DISPLAY. | $6,753 |
CITY OF CUMBERLAND KENTUCKY (#1) PURPOSE: OXYGEN TANKS FOR FIREFIGHTERS. | $14,328 |
CITY OF CUMBERLAND KENTUCKY (#2) PURPOSE: REPAIR AND REPLACE UPSTAIRS FLOORING AT FIRE STATION. | $14,803 |
CITY OF CUMBERLAND KENTUCKY (#3) PURPOSE: AUTOMATED EXTERNAL DEFIBRILLATOR. | $2,050 |