Frier Foundation Inc
- Assets
- $3.2m
- Revenue
- $53.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-3519690
Organization Overview
Frier Foundation Inc is located in Baltimore, MD. 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. Frier Foundation Inc 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, Frier Foundation Inc generated $53.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $199.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Frier Foundation Inc has awarded 118 individual grants totaling $1,334,587. 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
LESS PLASTICS NOW - INITIATIVE TO PROMOTE REDUCING SINGLE USE PLASTICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Frier President & Treasurer | 1 | $0 | |
Janine Frier Vice President & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,311 |
| Dividends & Interest | $95,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$48,109 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,180 |
| Total operating and administrative expenses | $52,773 |
| Contributions, gifts, grants paid | $146,250 |
| Total expenses and disbursements | $199,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,292 |
| 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 | $27,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,150,241 |
| 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 | $23,000 |
| Total liabilities | $23,000 |
Grants Awarded
Over the last fiscal year, Frier Foundation Inc has awarded $146,250 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
TURNUP PURPOSE: GENERAL PURPOSE | $5,000 |
ACTION FOR THE CLIMATE EMERGENCY PURPOSE: GENERAL PURPOSE | $10,000 |
AMERICAN FRIENDS OF SHANTI PURPOSE: GENEAL PURPOSE | $5,000 |
BENNINGTON COLLEGE PURPOSE: BEYOND PLASTICS; GENERAL PURPOSE | $15,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: GENEAL PURPOSE | $1,000 |
ASSOCIATED JEWISH CHARITIES OF BALTIMORE PURPOSE: GENERAL PURPOSE | $5,000 |