Frey Family Foundation Inc
Frey Family Foundation consistently spends more than annual revenue, drawing from assets with no reported officer compensation.
EIN: 113640474 · Prt Jefferson, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $925K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3,314,031 |
| Net Assets | $3.3M |
| Transparency Score | 85/100 |
Is Frey Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frey Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frey Family Foundation Inc
Frey Family Foundation Inc (EIN: 113640474) is a nonprofit organization based in Prt Jefferson, NY, classified under NTEE code T20. The organization reported total revenue of $1.8M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frey Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frey Family Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $925K |
| Surplus / Deficit | $-882,704 |
| Total Assets | $3.5M |
| Total Liabilities | $140K |
| Net Assets | $3.3M |
| Operating Margin | -2074.7% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 45.1 months |
Financial Health Grade: B
In 2023, Frey Family Foundation Inc reported a deficit of $883K with expenses exceeding revenue, holds 45.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Frey Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +115.0% | -19.1% | -20.3% |
| 2022 | -98.2% | +16.6% | -20.5% |
| 2021 | +8859.1% | -3.3% | +2.3% |
| 2020 | -75.7% | -3.2% | -15.7% |
| 2019 | -98.4% | +4.4% | -43.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frey Family Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Frey Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $883K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its asset size (latest assets $3,314,031).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Frey Family Foundation Inc's IRS 990 filings:
- Consistent annual expenses significantly exceeding reported revenue, indicating reliance on asset depletion.
- Significant decline in total assets over the past decade, from over $11 million to $3.3 million.
Strengths
The following positive indicators were identified for Frey Family Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs.
- Regular IRS 990 filings, demonstrating transparency.
- Substantial asset base, allowing for significant grant-making despite low annual revenue.
Frequently Asked Questions about Frey Family Foundation Inc
Is Frey Family Foundation Inc a legitimate charity?
Frey Family Foundation Inc (EIN: 113640474) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Frey Family Foundation Inc spend its money?
Frey Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Frey Family Foundation Inc tax-deductible?
Frey Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113640474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Frey Family Foundation Inc CEO make?
Frey Family Foundation Inc's highest-compensated officer earns $3,314,031 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Frey Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Frey Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frey Family Foundation Inc located?
Frey Family Foundation Inc is headquartered in Prt Jefferson, New York and files with the IRS under EIN 113640474. It is classified under NTEE code T20.
How many years of IRS 990 filings does Frey Family Foundation Inc have?
Frey Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Is Frey Family Foundation Inc. a good charity?
Based on the provided data, the Frey Family Foundation Inc. appears to be a financially responsible organization, particularly due to its consistent 0% officer compensation. However, without detailed expense breakdowns (program vs. administrative) beyond the general 'expenses' figure, a full assessment of its programmatic impact is challenging. Its consistent spending above revenue suggests it operates as a grant-making foundation utilizing its endowment.
How does the foundation sustain its operations given low revenue and high expenses?
The foundation likely sustains its operations by drawing from its significant asset base, which has fluctuated from a high of $11,283,378 in 201512 to $3,314,031 currently. This indicates it functions as a private foundation distributing grants from its endowment rather than relying on annual public donations.
What is the trend in the foundation's assets?
The foundation's assets have shown a significant downward trend over the past decade, decreasing from a peak of $11,283,378 in 201512 to $3,314,031 in the latest period, suggesting a spend-down strategy or significant investment losses not offset by revenue.
Filing History
IRS 990 filing history for Frey Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Frey Family Foundation Inc's revenue has declined by 18.7%, moving from $52K to $43K. Total assets decreased by 43.8% over the same period, from $6.2M to $3.5M. Total functional expenses rose by 42.2%, from $651K to $925K. In its most recent filing year (2023), Frey Family Foundation Inc reported a deficit of $883K, with expenses exceeding revenue. The organization holds $140K in liabilities against $3.5M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $925K | $3.5M | $140K | — | — |
| 2022 | $20K | $1.1M | $4.4M | $144K | — | View 990 |
| 2021 | $1.1M | $980K | $5.5M | $144K | — | View 990 |
| 2020 | $12K | $1.0M | $5.4M | $140K | — | View 990 |
| 2019 | $51K | $1.0M | $6.4M | $140K | — | — |
| 2015 | $3.2M | $1.0M | $11.3M | $140K | — | View 990 |
| 2014 | $71K | $979K | $9.9M | $75K | — | View 990 |
| 2013 | $170K | $1.0M | $2.7M | $300 | — | View 990 |
| 2012 | $0 | $599K | $7.4M | $300 | — | View 990 |
| 2011 | $52K | $651K | $6.2M | $300 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $925K, and assets of $3.5M (revenue +115.0% year-over-year).
- 2022: Revenue of $20K, expenses of $1.1M, and assets of $4.4M (revenue -98.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $980K, and assets of $5.5M (revenue +8859.1% year-over-year).
- 2020: Revenue of $12K, expenses of $1.0M, and assets of $5.4M (revenue -75.7% year-over-year).
- 2019: Revenue of $51K, expenses of $1.0M, and assets of $6.4M (revenue -98.4% year-over-year).
- 2015: Revenue of $3.2M, expenses of $1.0M, and assets of $11.3M (revenue +4419.7% year-over-year).
- 2014: Revenue of $71K, expenses of $979K, and assets of $9.9M (revenue -58.2% year-over-year).
- 2013: Revenue of $170K, expenses of $1.0M, and assets of $2.7M.
- 2012: Revenue of $0, expenses of $599K, and assets of $7.4M (revenue -100.0% year-over-year).
- 2011: Revenue of $52K, expenses of $651K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frey Family Foundation Inc:
Data Sources and Methodology
This transparency report for Frey Family 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.