Frazier Family Foundation Inc
- Assets
- $11.1m
- Revenue
- $1.0m
- Investments
- $11.1m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 83-1952912
Organization Overview
Frazier Family Foundation Inc is located in Corpus Christi, TX. The organization was established in 2020. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frazier Family 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 12/2021, Frazier Family Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $841.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Frazier Family Foundation Inc has awarded 30 individual grants totaling $1,020,136. 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 |
|---|---|---|---|
Warren Lynn Frazier President | 6.9 | $40,000 | |
Garrett Lynn Frazier Vice President | 6.9 | $40,000 | |
Derrick Chase Frazier Secretary/treasurer | 6.9 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $332,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $707,320 |
| Capital Gain Net Income | $707,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,040,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,439 |
| Total operating and administrative expenses | $319,233 |
| Contributions, gifts, grants paid | $522,631 |
| Total expenses and disbursements | $841,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,415 |
| 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 | $11,060,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,738 |
| Total assets | $11,139,366 |
| 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 | $10,500 |
| Total liabilities | $10,500 |
Grants Awarded
Over the last fiscal year, Frazier Family Foundation Inc has awarded $522,631 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE RANCH PURPOSE: SUPPORT FOSTER CHILDREN IN SOUTH TEXAS | $100,000 |
Corpus Christi, TX PURPOSE: PAYMENT FOR SCHOLARSHIPS | $75,000 |
ST JAMES EPISCOPAL SCHOOL OF CORPUS CHRISTI PURPOSE: PROGRAM SUPPORT | $59,641 |
YOUTH ODYSSEY INC PURPOSE: SUPPORT FOR 10 ADVENTURE CHALLENGE PROGRAM | $50,000 |
Kingsville, TX PURPOSE: PAYMENT FOR SCHOLARSHIPS | $35,000 |
TENNIS SUCCESS INC PURPOSE: PROGRAM SUPPORT FOR AFTER SCHOOL PRGRAM & EQUIPMENT COST | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pure Inc Bentonville, AR | $3,138,267 | $27,808,227 |
Buckner Foundation Dallas, TX | $503,977,405 | $46,631,365 |
Panhandle Community Services Amarillo, TX | $11,013,426 | $24,011,483 |
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |