R E French Family Educational Foundation
- Assets
- $10.6m
- Revenue
- $704.3k
- Investments
- $9.3m
- Employees
- 0
- Location
- Gridley, KS
- Founding
- 12/1981
- Data as of
- 06/2023
- EIN
- 48-0926521
Organization Overview
R E French Family Educational Foundation is located in Gridley, KS. The organization was established in 1981. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R E French Family Educational 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 06/2023, R E French Family Educational Foundation generated $704.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $731.7k during the year ending 06/2023. While expenses have increased by 1.6% 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, R E French Family Educational Foundation has awarded 51 individual grants totaling $4,225,351. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
MULTIPLE SCHOLARSHIPS AND GRANTS TO SCHOOLS (SEE ATTACHED LISTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra K Isch Trustee | 7 | $36,425 | |
Gregory L Arnold Trustee | 7 | $36,425 | |
Joann Osburn Trustee | 7 | $36,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96,714 |
| Dividends & Interest | $233,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $312,737 |
| Capital Gain Net Income | $312,737 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,294 |
| Total Revenue | $704,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $109,275 |
| Other employee salaries and wages | $35,997 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,884 |
| Depreciation | $20,747 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,805 |
| Total operating and administrative expenses | $230,006 |
| Contributions, gifts, grants paid | $501,700 |
| Total expenses and disbursements | $731,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,555 |
| Savings and temporary cash investments | $1,002,875 |
| 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 | $4,084,218 |
| Net Land, buildings, and equipment | $259,963 |
| Other assets | $0 |
| Total assets | $10,564,736 |
| Accounts payable and accrued expenses | $418 |
| 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 | $4,360 |
| Total liabilities | $4,778 |
Grants Awarded
Over the last fiscal year, R E French Family Educational Foundation has awarded $501,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CREST UNIFIED DISTRICT 479 PURPOSE: IMPROVEMENT GRANT | $5,000 |
YATES CENTER WOODSON USD 366 PURPOSE: IMPROVEMENT GRANT | $7,500 |
SEE ATTACHED LIST PURPOSE: EDUCATIONAL SCHOLARSHIPS | $409,200 |
HEATHER LYNN ARNOLD SCHOLARSHIP FUN PURPOSE: EDUCATIONAL SCHOLARSHIPS | $80,000 |