Frank And Fred Friedman Family Foundation
- Assets
- $6.0m
- Revenue
- $954.3k
- Investments
- $4.5m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 07/1986
- Data as of
- 03/2023
- EIN
- 63-0921651
Organization Overview
Frank And Fred Friedman Family Foundation is located in Birmingham, AL. The organization was established in 1986. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank And Fred Friedman 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 03/2023, Frank And Fred Friedman Family Foundation generated $954.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $586.8k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Frank And Fred Friedman Family Foundation has awarded 17 individual grants totaling $218,362. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Friedman President | 40 | $135,289 | |
Leah Cohen Vice President/treasurer | 5 | $47,011 | |
Jordan Friedman Vice President/secretary | 5 | $32,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,909 |
| Interest on Savings | $9,504 |
| Dividends & Interest | $116,319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $782,591 |
| Capital Gain Net Income | $782,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $954,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $215,034 |
| Other employee salaries and wages | $29,793 |
| Pension plans, employee benefits | $0 |
| Interest | $9,684 |
| Taxes | $22,416 |
| Depreciation | $15,494 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,344 |
| Total operating and administrative expenses | $368,409 |
| Contributions, gifts, grants paid | $218,362 |
| Total expenses and disbursements | $586,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,543,683 |
| 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 | $0 |
| Total assets | $6,034,309 |
| 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, Frank And Fred Friedman Family Foundation has awarded $218,362 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
WE ROCK THE SPECTRUM PURPOSE: TO SUPPORT EXEMPT PURPOSE | $2,000 |
COLLAT JEWISH FAMILY SERVICES PURPOSE: TO SUPPORT EXEMPT PURPOSE | $2,500 |
YWCA PURPOSE: TO SUPPORT EXEMPT PURPOSE | $4,000 |
TEMPLE EMANU EL PURPOSE: TO SUPPORT EXEMPT PURPOSE | $5,000 |
THE TEMPLE ATLANTA PURPOSE: TO SUPPORT EXEMPT PURPOSE | $5,000 |
KNESSETH ISRAEL PURPOSE: TO SUPPORT EXEMPT PURPOSE | $5,036 |