Frost Foundation
- Assets
- $31.2m
- Revenue
- $1.7m
- Investments
- $29.2m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 04/1960
- Data as of
- 12/2022
- EIN
- 72-0520342
Organization Overview
Frost Foundation is located in Santa Fe, NM. The organization was established in 1960. 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. Frost 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, Frost Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Frost Foundation has awarded 581 individual grants totaling $12,255,545. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Amelia Whited-Howell President | 40 | $155,833 | |
Philip B Howell Vice President | 40 | $155,833 | |
Taylor F Moore Secretary, Treasurer | 0.5 | $0 | |
Ann Rogers Gerber Director | 0.5 | $0 | |
Philip Carter Howell Director | 0.5 | $0 | |
Amelia Reid Howell Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $645,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,065,350 |
| Capital Gain Net Income | $1,065,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,976 |
| Total Revenue | $1,726,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $311,666 |
| Other employee salaries and wages | $38,572 |
| Pension plans, employee benefits | $78,263 |
| Interest | $0 |
| Taxes | $76,512 |
| Depreciation | $20,134 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,571 |
| Printing and publications | $0 |
| Other expenses | $380,049 |
| Total operating and administrative expenses | $975,017 |
| Contributions, gifts, grants paid | $829,710 |
| Total expenses and disbursements | $1,804,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $1,598,545 |
| Net Accounts receivable | $57,079 |
| 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 | $7,269 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $313,988 |
| Other assets | $2,400 |
| Total assets | $31,179,732 |
| Accounts payable and accrued expenses | $26,017 |
| 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 | $26,017 |
Grants Awarded
Over the last fiscal year, Frost Foundation has awarded $829,710 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE PUBLIC LIBRARY FOUNDATION PURPOSE: OPERATING | $2,000 |
ANIMAL PROTECTION OF NM PURPOSE: OPERATING | $15,000 |
BIG DOGS HUGE PAWS INC PURPOSE: OPERATING | $2,000 |
CHIMP HAVEN PURPOSE: OPERATING | $15,000 |
COMMUNITY RENEWAL INTERNATIONAL PURPOSE: OPERATING | $15,000 |
COMPANION ANIMAL ALLIANCE PURPOSE: OPERATING | $5,210 |