The Fred Craves Family Foundation
- Assets
- $13.3m
- Revenue
- $662.7k
- Investments
- $10.4m
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 47-5535273
Organization Overview
The Fred Craves Family Foundation is located in San Rafael, CA. The organization was established in 2018. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred Craves Family 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 12/2022, Fred Craves Family Foundation generated $662.7k 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 (16.7%) each year. All expenses for the organization totaled $708.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fred Craves Family Foundation has awarded 51 individual grants totaling $1,819,622. 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 |
|---|---|---|---|
Frederick B Craves Foundation Mgr. | 1 | $0 | |
Sara Soulier Craves Foundation Mgr. | 1 | $0 | |
Ryan Soulier Craves Foundation Mgr. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $400 |
| Dividends & Interest | $251,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411,312 |
| Capital Gain Net Income | $411,312 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $662,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $240 |
| Total operating and administrative expenses | $128,379 |
| Contributions, gifts, grants paid | $580,000 |
| Total expenses and disbursements | $708,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $453,122 |
| 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 | $2,414,293 |
| Total assets | $13,284,600 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $230,000 |
| 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 | $230,000 |
Grants Awarded
Over the last fiscal year, The Fred Craves Family Foundation has awarded $580,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: NO SPECIFIC PURPOSE | $150,000 |
LOYOLA MARYMOUNT ONCY BIOETHICS PURPOSE: NO SPECIFIC PURPOSE | $100,000 |
HEADLANDS CENTER FOR THE ARTS PURPOSE: NO SPECIFIC PURPOSE | $5,000 |
HUTCHKISS FUND PURPOSE: NO SPECIFIC PURPOSE | $10,000 |
MARIN CATHOLIC HIGH SCHOOL PURPOSE: NO SPECIFIC PURPOSE | $100,000 |
MARIN GENERAL HOSPITAL FOUNDATION PURPOSE: NO SPECIFIC PURPOSE | $125,000 |