Sharna & Irvin Frank Foundation
- Assets
- $21.4m
- Revenue
- $3.0m
- Investments
- $20.3m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 73-1503704
Organization Overview
Sharna & Irvin Frank Foundation is located in Tulsa, OK. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Sharna & Irvin Frank 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 06/2021, Sharna & Irvin Frank Foundation generated $3.0m 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 (4.8%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sharna & Irvin Frank Foundation has awarded 164 individual grants totaling $2,042,000. 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
2021
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
May Sheehan President / Treasurer | 28 | $110,075 | |
Sanford Cardin Trustee | 1 | $0 | |
David Finer Trustee | 1 | $0 | |
Coleman Robison V. Pres. / Secretary / Trustee | 1.5 | $0 | |
Jacob Howland Trustee | 1 | $0 | |
Jon Stolper Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $482,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,541,301 |
| Capital Gain Net Income | $2,541,301 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,689 |
| Total Revenue | $3,036,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,075 |
| Other employee salaries and wages | $38,585 |
| Pension plans, employee benefits | $47,474 |
| Interest | $3,003 |
| Taxes | $72,327 |
| Depreciation | $997 |
| Occupancy | $18,932 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107,941 |
| Total operating and administrative expenses | $429,955 |
| Contributions, gifts, grants paid | $1,957,000 |
| Total expenses and disbursements | $2,386,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,141 |
| Savings and temporary cash investments | $680,360 |
| 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 | $1,738,651 |
| Net Land, buildings, and equipment | $1,891 |
| Other assets | $402,630 |
| Total assets | $21,413,868 |
| Accounts payable and accrued expenses | $2,273 |
| 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 | $2,273 |
Grants Awarded
Over the last fiscal year, Sharna & Irvin Frank Foundation has awarded $2,042,000 in support to 164 organizations.
| Grant Recipient | Amount |
|---|---|
TULSA AREA UNITED WAY PURPOSE: OPERATIONS | $50,000 |
Tulsa, OK PURPOSE: GREENWOOD RISING CAPITAL CAMPAIGN | $50,000 |
Tulsa, OK PURPOSE: TRANSITIONAL LIVING PROGRAM | $45,000 |
MENTAL HEALTH ASSOCIATION OKLAHOMA PURPOSE: OPERATIONS | $40,000 |
Tulsa, OK PURPOSE: OPERATIONS | $35,000 |
Tulsa, OK PURPOSE: 2ND YEAR OF A 2 YEAR GRANT FOR OPERATIONS | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |