Charles And Phyllis M Frias Charitable Tr
- Assets
- $29.4m
- Revenue
- $945.0k
- Investments
- $3.4m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-3338279
Organization Overview
Charles And Phyllis M Frias Charitable Tr is located in Las Vegas, NV. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles And Phyllis M Frias Charitable Tr 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, Charles And Phyllis M Frias Charitable Tr generated $945.0k 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 (35.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Charles And Phyllis M Frias Charitable Tr has awarded 15 individual grants totaling $13,874,010. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Mowbray Trustee, Pres./treasurer | 5 | $0 | |
Jack R Hanifan Trustee, Vp/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,138 |
| Interest on Savings | $5,579 |
| Dividends & Interest | $136,789 |
| Net Rental Income | $110,390 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $945,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,663 |
| Depreciation | $185,478 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $417,662 |
| Total operating and administrative expenses | $777,184 |
| Contributions, gifts, grants paid | $1,330,103 |
| Total expenses and disbursements | $2,107,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,199,923 |
| 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 | $10,881,434 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,444,302 |
| 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 | $55,222 |
| Total liabilities | $55,222 |
Grants Awarded
Over the last fiscal year, Charles And Phyllis M Frias Charitable Tr has awarded $1,330,103 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK COUNTY PUBLIC EDUCATION FOUNDATION INC PURPOSE: TO CONTRIBUTE TO CHARITABLE PURPOSES. | $1,105,103 |
GIRL SCOUTS OF SOUTHERN NEVADA PURPOSE: TO CONTRIBUTE TO CHARITABLE PURPOSES. | $25,000 |
LEADERSHIP INSTITUTE OF NEVADA PURPOSE: TO CONTRIBUTE TO CHARITABLE PURPOSES. | $200,000 |