Jack And Charlotte Frost Family Foundation
- Assets
- $47.1m
- Revenue
- $2.9m
- Investments
- $44.8m
- Employees
- 0
- Location
- Signal Mountain, TN
- Founding
- Data as of
- 12/2022
- EIN
- 81-4553310
Organization Overview
Jack And Charlotte Frost Family Foundation is located in Signal Mountain, TN. 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. Jack And Charlotte Frost Family 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, Jack And Charlotte Frost Family Foundation generated $2.9m in total revenue. All expenses for the organization totaled $2.7m during the year ending 12/2022.
Since 2020, Jack And Charlotte Frost Family Foundation has awarded 55 individual grants totaling $6,243,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE OTHER THAN GRANT MAKING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Frost President | 1 | $0 | |
Susan Bishop Secretary/treasurer | 1 | $0 | |
Amy Haddock Director | 8 | $24,000 | |
David Bishop Director | 8 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,566,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,377,105 |
| Capital Gain Net Income | $1,377,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,943,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,782 |
| Total operating and administrative expenses | $74,941 |
| Contributions, gifts, grants paid | $2,635,000 |
| Total expenses and disbursements | $2,709,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,317,571 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,093,864 |
| Accounts payable and accrued expenses | $4,000 |
| 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 | $4,000 |
Grants Awarded
Over the last fiscal year, Jack And Charlotte Frost Family Foundation has awarded $2,635,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BIBLE IN THE SCHOOLS PURPOSE: PROGRAM SUPPORT | $200,000 |
MISSION OF SIGHT PURPOSE: CAPITAL CAMPAIGN | $100,000 |
WAYSIDE PRESBYTERIAN CHURCH PURPOSE: CAPITAL CAMPAIGN | $100,000 |
BIBLE IN THE SCHOOLS PURPOSE: ENDOWMENT | $500,000 |
AA PURPOSE: PROGRAM SUPPORT | $10,000 |
CUMBERLAND HEIGHTS PURPOSE: CAPITAL CAMPAIGN | $150,000 |