Sharna & Irvin Frank Foundation
- Assets
- $18.8m
- Revenue
- $723.3k
- Investments
- $16.2m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/1996
- Data as of
- 06/2023
- 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 06/2023, Sharna & Irvin Frank Foundation generated $723.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sharna & Irvin Frank Foundation has awarded 490 individual grants totaling $5,982,987. 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
2023
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 | $130,577 | |
Jacob Howland Vice Pres/secrtary/trustee | 1 | $0 | |
Jon Stolper Trustee | 2 | $0 | |
Sanford Cardin Trustee | 1 | $0 | |
David Finer Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $503,309 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $207,076 |
| Capital Gain Net Income | $207,076 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,909 |
| Total Revenue | $723,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,577 |
| Other employee salaries and wages | $44,750 |
| Pension plans, employee benefits | $55,008 |
| Interest | $0 |
| Taxes | $28,570 |
| Depreciation | $445 |
| Occupancy | $20,510 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $260 |
| Other expenses | $72,316 |
| Total operating and administrative expenses | $378,311 |
| Contributions, gifts, grants paid | $1,914,287 |
| Total expenses and disbursements | $2,292,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,501 |
| Savings and temporary cash investments | $2,317,541 |
| 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 | $1,683,409 |
| Net Land, buildings, and equipment | $744 |
| Other assets | $152,910 |
| Total assets | $18,772,557 |
| Accounts payable and accrued expenses | $43,030 |
| 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 | $43,030 |
Grants Awarded
Over the last fiscal year, Sharna & Irvin Frank Foundation has awarded $1,914,287 in support to 160 organizations.
| Grant Recipient | Amount |
|---|---|
1ST STEP MALE DIVERSION PROGRAM INC PURPOSE: OPERATIONS | $25,000 |
A NEW LEAF PURPOSE: AUTISM WORKS PROGRAM | $15,000 |
ACADEMY ART MUSEUM PURPOSE: OPERATIONS | $1,500 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: OPERATIONS | $10,000 |
AM YISRAEL FOUNDATION PURPOSE: ADOPT-A-SAFTA | $15,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: OPERATIONS | $15,000 |