The Friars Charitable Foundation
- Assets
- $4.8m
- Revenue
- $215.6k
- Investments
- $4.3m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 01/1974
- Data as of
- 06/2022
- 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 06/2022, Friars Charitable Foundation generated $215.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $454.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Friars Charitable Foundation has awarded 267 individual grants totaling $2,022,765. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL HOLIDAY PROGRAM FOR OVER 300 AT-RISK AND UNDER PRIVILAGED CHILDREN IN THE GREATER LOW ANGELES AREA. VARIOUS COMMUNITY GROUPS ATTENDING AS LISTED IN STATEMENT ATTACHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn N Stambler President, COO | 0 | $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 | |
David Felman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $172 |
| Dividends & Interest | $150,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,140 |
| Capital Gain Net Income | $65,141 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $215,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,295 |
| Interest | $0 |
| Taxes | $2,134 |
| Depreciation | $0 |
| Occupancy | $35,660 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,633 |
| Total operating and administrative expenses | $121,506 |
| Contributions, gifts, grants paid | $333,250 |
| Total expenses and disbursements | $454,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225 |
| Savings and temporary cash investments | $414,272 |
| 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 | $16,891 |
| 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 | $4,772,403 |
| Accounts payable and accrued expenses | $693 |
| 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 | $884 |
| Total liabilities | $1,577 |
Grants Awarded
Over the last fiscal year, The Friars Charitable Foundation has awarded $333,250 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Sherman Oaks, CA PURPOSE: SUPPORT FOR COMMUNITY HEATHCARE | $53,000 |
JEWISH FAMILY SERVICES (SOVA) PURPOSE: SUPPORT FOR SOCIAL SERVICES AND FOOD DISTRIBUTIONS | $35,000 |
CENTER THEATRE GROUP PURPOSE: SUPPORT FOR THE ARTS AND EDUCATIONAL PROGRAM SERVICES | $30,000 |
Los Angeles, CA PURPOSE: SUPPORT FOR HOMELESS SERVICES AND EDUCATION | $20,000 |
Los Angeles, CA PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS | $18,500 |
HARMONY PROJECT PURPOSE: SUPPORT FOR MUSIC EDUCATION PROGRAMS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sandler Foundation San Francisco, CA | $672,162,748 | $40,866,490 |
Leonard & Beryl Buck Foundation Las Vegas, NV | $1,159,755,958 | $49,528,085 |
Liliuokalani Trust Honolulu, HI | $828,579,677 | $45,937,660 |
Anne Wojcicki Foundation Los Altos, CA | $0 | $168,879,733 |
Hollywood Foreign Press Association West Hollywood, CA | $72,579,265 | $17,312,742 |
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |