J Blair And Tena Frank Foundation
- Assets
- $27.1m
- Revenue
- $2.3m
- Investments
- $25.5m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-4175987
Organization Overview
J Blair And Tena Frank Foundation is located in Portland, ME. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. J Blair And Tena 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 12/2023, J Blair And Tena Frank Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, J Blair And Tena Frank Foundation has awarded 11 individual grants totaling $4,666,245. 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
GRANT MAKING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $584,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,590,828 |
| Capital Gain Net Income | $1,590,828 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,712 |
| Total Revenue | $2,321,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,082 |
| Contributions, gifts, grants paid | $1,534,400 |
| Total expenses and disbursements | $1,546,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,629,413 |
| 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 | $25,463,194 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,092,607 |
| 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, J Blair And Tena Frank Foundation has awarded $1,534,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BATES COLLEGE PURPOSE: GENERAL SUPPORT | $914,400 |
FIDELITY CHARITABLE FUND PURPOSE: GENERAL SUPPORT | $550,000 |
METO INC PURPOSE: GENERAL SUPPORT | $70,000 |