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← FRAC Action Council

Form 990 for tax year 2024

Filed by FRAC Action Council.

Totals

Total revenue
$0
Total expenses
$67,184
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$101,435
Total liabilities, end of year
$247,964
Net assets or fund balances, end of year
-$146,529
Program services expenses (Part IX)
$67,184
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$67,184

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $52,105 · program services $52,105

  • 8 · Pension plan contributions

    total $501 · program services $501

  • 9 · Other employee benefits

    total $1,185 · program services $1,185

  • 10 · Payroll taxes

    total $4,240 · program services $4,240

  • 11b · Fees: legal

    total $407 · program services $407

  • 11c · Fees: accounting

    total $570 · program services $570

  • 11g · Fees: other

    total $3,169 · program services $3,169 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $217 · program services $217

  • 14 · Information technology

    total $1,291 · program services $1,291

  • 16 · Occupancy

    total $2,339 · program services $2,339

  • 17 · Travel

    total $85 · program services $85

  • 19 · Conferences, conventions and meetings

    total $69 · program services $69

  • 23 · Insurance

    total $225 · program services $225

  • 24a · Other expenses: MISCELLANEOUS

    total $781 · program services $781

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,146 · end of year $101,435

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,680 · end of year $3,680

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $277,811 · end of year $244,284

  • 27 · Net assets without donor restrictions

    beginning of year -$79,345 · end of year -$146,529

Listed in Part VII

  • CRYSTAL FITZSIMONS

    INTERIM PRESIDENT

    Total calculated
    $197,737
    From this org
    $0
    From related orgs
    $180,429
    Other
    $17,308
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,429 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,084 related
    Nontaxable benefits
    $0 + $8,224 related
    Filer's total
    $0 + $197,737 related
  • LUIS GUARDIA

    PRESIDENT (THROUGH 4/5/2024)

    Total calculated
    $180,432
    From this org
    $0
    From related orgs
    $132,492
    Other
    $47,940
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,492 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,599 related
    Nontaxable benefits
    $0 + $42,341 related
    Filer's total
    $0 + $180,432 related
  • MARYA E ALVAREZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • ELLEN BUCHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • KOFI ESSEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 ESTABLISHMENT OF TOP MANAGEMENT OFFICIAL'S COMPENSATION
THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE PARENT ORGANIZATION WHICH CONDUCTS A REVIEW OF TOP MANAGEMENT SALARIES IN LIKE ORGANIZATIONS AND THEN DOCUMENTS IN WRITING THE COMPENSATION AS DECIDED AND THE DETERMINING FACTORS USED IN THIS PROCESS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202543189349310409

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