Mark And Cindy Fritz Foundation
- Assets
- $5.8m
- Revenue
- -$40.4k
- Investments
- $5.4m
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-3917668
Organization Overview
Mark And Cindy Fritz Foundation is located in Detroit Lakes, MN. The organization was established in 2020. 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. Mark And Cindy Fritz Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Mark And Cindy Fritz Foundation has awarded 47 individual grants totaling $1,007,385. 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 |
|---|---|---|---|
Mark T Fritz President/chair | 0.1 | $0 | |
Cynthia L Fritz Vp/vice Chair/secretary/treasurer | 0.1 | $0 | |
Greta C Fritz Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77 |
| Dividends & Interest | $244,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$284,722 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$121 |
| Total Revenue | -$40,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,470 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,118 |
| Total operating and administrative expenses | $42,691 |
| Contributions, gifts, grants paid | $323,035 |
| Total expenses and disbursements | $365,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $219,459 |
| 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 | $5,350,206 |
| Net Land, buildings, and equipment | $263,427 |
| Other assets | $0 |
| Total assets | $5,833,092 |
| 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, Mark And Cindy Fritz Foundation has awarded $323,035 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
EMERGING PRAIRIE PURPOSE: GENERAL OPERATIONS | $10,000 |
CITY OF DETROIT LAKES PURPOSE: SUPPORT FOR DOWNTOWN ALIVE | $1,000 |
DETROIT LAKES COMMUNITY AND CULTURAL CENTER PURPOSE: GENERAL OPERATIONS | $25,000 |
DETROIT LAKES DOLLARS FOR SCHOLARS PURPOSE: GENERAL OPERATIONS | $3,000 |
DETROIT LAKES HIGH SCHOOL PURPOSE: GENERAL OPERATIONS | $65,000 |
DETROIT MOUNTAIN RECREATION AREA PURPOSE: GENERAL OPERATIONS, MUSIC ON THE MOUNTAIN | $4,500 |