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← STANLEY & DOROTHY FRANK FAMILY FOUNDATION

Form 990 for tax year 2022

Filed by STANLEY & DOROTHY FRANK FAMILY FOUNDATION.

Totals

Total revenue
-$141,827
Total expenses
$1,304,870
Contributions and grants received
$0
Grants paid
$902,519
Program service revenue
$0
Investment income
-$141,827
Other revenue
$0
Total assets, end of year
$31,525,345
Total liabilities, end of year
$6,994
Net assets or fund balances, end of year
$31,518,351
Program services expenses (Part IX)
$997,293
Management and general expenses
$307,577
Fundraising expenses
$0
Program service expenses (Part III)
$997,293

Program services were 76.4% 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.

  • 3 · Investment income

    total $238,265 · unrelated business -$1,942 · excluded $240,207

  • 7a · Gross sales of assets other than inventory

    securities $1,959,265

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

    securities $2,339,357

  • 7c · Gain or loss

    securities -$380,092

  • 7d · Net gain or loss

    total -$380,092 · excluded -$380,092

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $902,519 · program services $902,519

  • 11a · Fees: management

    total $98,154 · program services $66,745 · management and general $31,409

  • 11b · Fees: legal

    total $40,275 · management and general $40,275

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 11f · Fees: investment management

    total $230,393 · management and general $230,393

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $28,029 · program services $28,029

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $7,281,258 · end of year $5,934,986

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $12,006

  • 11 · Investments: publicly traded securities

    end of year $9,231,177

  • 12 · Investments: other securities

    beginning of year $31,779,414 · end of year $16,347,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,350 · end of year $6,994

  • 27 · Net assets without donor restrictions

    beginning of year $3,794,418 · end of year $2,900,683

  • 28 · Net assets with donor restrictions

    beginning of year $35,263,904 · end of year $28,617,668

Mission and programs · 2022

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 $997,293 · Grants $902,519

As filed on the 2022 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

  • Charles Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jackie Wieland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jacqueline O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • H Walker Sanders

    DIRECTOR

    Total calculated
    $292,365
    From this org
    $0
    From related orgs
    $264,362
    Other
    $28,003
    Hours/week
    0.25 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,464 related
    Bonus
    $0 + $102 related
    Other
    $0 + $3,796 related
    Deferred
    $0 + $18,290 related
    Nontaxable benefits
    $0 + $9,713 related
    Filer's total
    $0 + $292,365 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323129349301847

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