Friese Foundation
- Assets
- $63.5m
- Revenue
- $2.3m
- Investments
- $63.0m
- Employees
- 0
- Location
- Chatsworth, CA
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 83-2753741
Organization Overview
Friese Foundation is located in Chatsworth, CA. The organization was established in 2019. 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. Friese 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, Friese 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 (48.4%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Friese Foundation has awarded 245 individual grants totaling $18,607,900. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald E Friese Director | 2 | $0 | |
Andrea Friese Director, Treasurer | 2 | $0 | |
Donald E Friese Jr Director, President | 40 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,401,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $897,260 |
| Capital Gain Net Income | $897,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,298,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $61,847 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $172,757 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $523,586 |
| Contributions, gifts, grants paid | $5,776,900 |
| Total expenses and disbursements | $6,300,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,873 |
| Savings and temporary cash investments | $328,044 |
| 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 | $4,420,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,346 |
| Total assets | $63,465,883 |
| 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, Friese Foundation has awarded $5,776,900 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
AIRPORT MARINA COUNSELING SERVICES PURPOSE: TO PROVIDE ACCESSIBLE MENTAL HEALTH SERVIES; AND QUALITY TRAINING TO THERAPISTS. | $5,000 |
A SENSE OF HOME PURPOSE: CREATE HOMES FOR FORMER FOSTER YOUTH | $50,000 |
ALTAMED HEALTH SERVICES PURPOSE: 2022 YOUTH CHAMPIONS PROGRAM | $10,000 |
ALZHEIMER'S ASSOCIATION - SOCAL CHAPTER PURPOSE: PROVIDE VITAL CARE AND SUPPORT PROGRAMS FOR PEOPLE AFFECTED BY ALZHEIMER'S AND ADVANCE CRITICAL RESEARCH AIMED AT FINDING METHODS OF TREATMENT, PREVENTION AND, ULTIMATELY, A CURE FOR THIS DEVASTATING DISEASE | $500 |
AMERICAN AMPUTEE SOCCER ASSOCIATION PURPOSE: TO PROMOTE AND DEVELOP THE SPORT FOR THE BENEFIT OF PARTICIPANTS WITH LIMB DIFFERENCES. | $5,000 |
AMERICAN RED CROSS PURPOSE: PREVENTING AND ALLEVIATING HUMAN SUFFERING | $350,000 |