The Friars Charitable Foundation
- Assets
- $4.7m
- Revenue
- $183.8k
- Investments
- $4.5m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 01/1974
- Data as of
- 06/2023
- EIN
- 95-6047586
Organization Overview
The Friars Charitable Foundation is located in Beverly Hills, CA. The organization was established in 1974. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Friars Charitable 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 06/2023, Friars Charitable Foundation generated $183.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $343.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Friars Charitable Foundation has awarded 303 individual grants totaling $2,248,615. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn N Stambler President, COO | 20 | $30,000 | |
Linda Schwartz Trustee | 0 | $0 | |
Lenore Ross Honorary Trustee | 0 | $0 | |
Margaret G Graf Vice President | 0 | $0 | |
Lissa Roth Harrison Trustee | 0 | $0 | |
Lou Zigman Secretary / Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $232 |
| Dividends & Interest | $183,612 |
| Net Rental Income | $0 |
| 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 | $183,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,486 |
| Interest | $0 |
| Taxes | $1,780 |
| Depreciation | $0 |
| Occupancy | $34,046 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,927 |
| Total operating and administrative expenses | $117,273 |
| Contributions, gifts, grants paid | $225,850 |
| Total expenses and disbursements | $343,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225 |
| Savings and temporary cash investments | $155,427 |
| 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 | $24,547 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,271 |
| Total assets | $4,652,017 |
| 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, The Friars Charitable Foundation has awarded $225,850 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER THEATRE GROUP PURPOSE: SUPPORT FOR THE ARTS AND EDUCATIONAL PROGRAM SERVICES | $10,000 |
ST FRANCIS CENTER PURPOSE: SUPPORT FOR SOCIAL SERVICES AND FOOD DISTRIBUTION | $10,000 |
INNER-CITY FILMAKERS PURPOSE: SUPPORT FOR ARTS AND EDUCATIONAL SERVICES | $5,000 |
UCLA FOUNDATION PURPOSE: SUPPORT FOR MENTAL HEALTH EDUCATION | $5,000 |
PATH (PEOPLE ASSISTING THE HOMELESS) PURPOSE: SUPPORT FOR HOMELESS SERVICES AND EDUCATION | $20,000 |
JEWISH FAMILY SERVICES (SOVA) PURPOSE: SUPPORT FOR SOCIAL SERVICES AND FOOD DISTRIBUTIONS | $10,000 |