Frazier Foundation Inc
- Assets
- $3.8m
- Revenue
- $616.8k
- Investments
- $3.7m
- Employees
- 0
- Location
- Minden, LA
- Founding
- 03/1975
- Data as of
- 12/2023
- EIN
- 72-0760891
Organization Overview
Frazier Foundation Inc is located in Minden, LA. The organization was established in 1975. 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. Frazier Foundation Inc 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 12/2023, Frazier Foundation Inc generated $616.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $669.4k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - OTHERS - OPERATIONS 13 ENTITIES
GRANTS - EDUCATION - OPERATIONS 7 ENTITIES
GRANTS - CHURCHES OF CHRIST - OPERATIONS 6 ENTITIES
GRANTS - CHILD CARE - OPERATIONS 2 ENTITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Frazier Jr President | 0 | $0 | |
Allan Hewett Vice Preside | 0 | $0 | |
Karl Gschiedle Treasurer | 0 | $0 | |
Jamey Frazier Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,974 |
| Interest on Savings | $26,597 |
| Dividends & Interest | $65,471 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $144,882 |
| Capital Gain Net Income | $144,882 |
| Net ST Capital Gain | $12,381 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $331,899 |
| Total Revenue | $616,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,068 |
| Depreciation | $118 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,704 |
| Total operating and administrative expenses | $120,890 |
| Contributions, gifts, grants paid | $548,500 |
| Total expenses and disbursements | $669,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,492 |
| Savings and temporary cash investments | $0 |
| 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 | $734 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,826,826 |
| 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 |