Frates Foundation Inc
EIN: 346554838 · Tulsa, OK
| Metric | Value |
|---|---|
| Total Expenses | $18K |
| Net Assets | $23K |
Is Frates Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Frates Foundation Inc
Frates Foundation Inc (EIN: 346554838) is a nonprofit organization based in Tulsa, OK. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frates Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frates Foundation Inc is a micro nonprofit, with 3 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $18K |
| Surplus / Deficit | $-9,115 |
| Total Assets | $23K |
| Net Assets | $23K |
| Operating Margin | -97.9% |
| Months of Reserves | 14.9 months |
Financial Health Grade: B
In 2014, Frates Foundation Inc reported a deficit of $9K with expenses exceeding revenue, holds 14.9 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2011–2014), Frates Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -36.8% | -72.8% | -53.8% |
| 2012 | +37.2% | +220.8% | -49.7% |
AI Analysis Pending
AI enrichment for Frates Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frates Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
Frequently Asked Questions about Frates Foundation Inc
Is Frates Foundation Inc a legitimate charity?
Frates Foundation Inc (EIN: 346554838) is a registered tax-exempt nonprofit based in Oklahoma. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Frates Foundation Inc spend its money?
Frates Foundation Inc reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Frates Foundation Inc tax-deductible?
Frates Foundation Inc is registered as a tax-exempt nonprofit (EIN: 346554838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Frates Foundation Inc located?
Frates Foundation Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 346554838.
How many years of IRS 990 filings does Frates Foundation Inc have?
Frates Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Frates Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2014), Frates Foundation Inc's revenue has declined by 13.3%, moving from $11K to $9K. Total assets decreased by 76.8% over the same period, from $99K to $23K. Total functional expenses fell by 12.8%, from $21K to $18K. In its most recent filing year (2014), Frates Foundation Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $9K | $18K | $23K | $0 | — | View 990 |
| 2012 | $15K | $68K | $50K | $1 | — | View 990 |
| 2011 | $11K | $21K | $99K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $9K, expenses of $18K, and assets of $23K (revenue -36.8% year-over-year).
- 2012: Revenue of $15K, expenses of $68K, and assets of $50K (revenue +37.2% year-over-year).
- 2011: Revenue of $11K, expenses of $21K, and assets of $99K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frates Foundation Inc:
Data Sources and Methodology
This transparency report for Frates Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.