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← STANLEY & DOROTHY FRANK FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by STANLEY & DOROTHY FRANK FAMILY FOUNDATION.

Totals

Total revenue
$1,959,390
Total expenses
$1,200,247
Contributions and grants received
$41,669
Grants paid
$964,916
Program service revenue
$0
Investment income
$1,886,974
Other revenue
$30,747
Total assets, end of year
$38,030,486
Total liabilities, end of year
$40,036
Net assets or fund balances, end of year
$37,990,450
Program services expenses (Part IX)
$987,521
Management and general expenses
$212,726
Fundraising expenses
$0
Program service expenses (Part III)
$987,521

Program services were 82.3% 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.

  • 1f · All other contributions, gifts and grants

    $41,669

  • 3 · Investment income

    total $363,599 · unrelated business $167,286 · excluded $196,313

  • 7a · Gross sales of assets other than inventory

    securities $1,523,375

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $1,523,375

  • 7d · Net gain or loss

    total $1,523,375 · excluded $1,523,375

  • 11a · Other revenue: MANAGEMENT FEE REIMBURSEMENT

    total $30,747 · excluded $30,747

  • 11e · Other revenue, total

    $30,747

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $964,916 · program services $964,916

  • 11b · Fees: legal

    total $48,400 · management and general $48,400

  • 11c · Fees: accounting

    total $2,730 · management and general $2,730

  • 11f · Fees: investment management

    total $161,596 · management and general $161,596

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $22,605 · program services $22,605

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $6,445,253 · end of year $7,054,768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12 · end of year $7

  • 11 · Investments: publicly traded securities

    beginning of year $10,775,880 · end of year $10,146,941

  • 12 · Investments: other securities

    beginning of year $17,848,374 · end of year $20,828,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $460,288 · end of year $40,036

  • 27 · Net assets without donor restrictions

    beginning of year $5,988,067 · end of year $7,230,950

  • 28 · Net assets with donor restrictions

    beginning of year $28,621,164 · end of year $30,759,500

Mission and programs · 2024

Mission

THE STANLEY AND DOROTHY FRANK FAMILY FOUNDATION IS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO.

Activities or mission (Part I)

SUPPORT THE COMMUNITY FOUNDATION OF GREATER GREENSBORO IN STRENGTHENING OUR LOCAL COMMUNITIES

  • GRANTS WERE MADE FOR THE BETTERMENT OF GREENSBORO, NORTH CAROLINA, AND THE SURROUNDING AREA.

    Expenses $987,521 · Grants $964,916

As filed on the 2024 return.

Listed in Part VII

  • Barry S Frank

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Carole Simms

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Karl Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Zac Engle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jacqueline O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jackie Wieland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • H Walker Sanders

    DIRECTOR

    Total calculated
    $310,335
    From this org
    $0
    From related orgs
    $278,699
    Other
    $31,636
    Hours/week
    0.25 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,435 related
    Bonus
    $0 + $1,290 related
    Other
    $0 + $4,974 related
    Deferred
    $0 + $19,204 related
    Nontaxable benefits
    $0 + $12,432 related
    Filer's total
    $0 + $310,335 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
H. WALKER SANDERS PARTICIPATED IN A SECTION 457(F) DEFERRED RETENTION BONUS PLAN AT COMMUNITY FOUNDATION OF GREATER GREENSBORO. VESTED AMOUNTS ARE DISTRIBUTABLE UPON THE EARLIEST OF THE FOLLOWING: SPECIFIED DISTRIBUTION DATE, JUNE 30, 2032; INVOLUNTARY SEPARATION FROM SERVICE WITHOUT CAUSE; TERMINATION FOR GOOD REASON; OR DISABILITY. THERE WERE NO PAYMENTS UNDER THE PLAN IN THE CURRENT YEAR.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
10 November 2025
IRS schema version
2024v5.2
Source object
202533189349302403

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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