Mj & Ke Franco Fdn Co Tua 060081038462
- Assets
- $3.2m
- Revenue
- $101.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/2009
- Data as of
- 06/2024
- EIN
- 59-7268881
Organization Overview
Mj & Ke Franco Fdn Co Tua 060081038462 is located in Dallas, TX. The organization was established in 2009. 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. Mj & Ke Franco Fdn Co Tua 060081038462 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 06/2024, Mj & Ke Franco Fdn Co Tua 060081038462 generated $101.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $238.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mj & Ke Franco Fdn Co Tua 060081038462 has awarded 30 individual grants totaling $865,509. 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 |
|---|---|---|---|
Bank Of America Co-Trustee | 1 | $46,140 | |
Stuart H Altman Co-Trustee | 1 | $23,070 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $134,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34,619 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $856 |
| Total Revenue | $101,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,210 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $71,793 |
| Contributions, gifts, grants paid | $166,260 |
| Total expenses and disbursements | $238,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,221 |
| 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 | $3,108,201 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,153,422 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mj & Ke Franco Fdn Co Tua 060081038462 has awarded $166,260 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION INC PURPOSE: UNRESTRICTED GENERAL | $11,318 |
UNIV OF MIAMI- MILLER MEDICAL SCHOOL PURPOSE: SUPPORT PAVILLION FOR | $53,859 |
DIABETES RESEARCH INSTITUTE FOUNDATION PURPOSE: SUPPORT PANCREATIC CELL | $35,906 |
MOUNT SINAI MEDICAL CENTER PURPOSE: GRANT IN MEMORY OF DR. | $17,953 |
ALZHEIMER'S ASSOCIATION PURPOSE: GRANT IN MEMORY OF ADELLE | $11,318 |
NATIONAL KIDNEY FOUNDATION INC PURPOSE: SUPPORT FLORIDA DIRECT AID | $35,906 |