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FREY FOUNDATION

FREY FOUNDATION

Grand Rapids, MI, US
•
501(c)3
•
EIN
23-7094777
•
HTTP://FREYFDN.ORG/
•
Open for Solicitation
Private Foundation
Family Foundation
Regional Funder
funder logo

FREY FOUNDATION

Grand Rapids, MI, US
•
501(c)3
•
EIN
23-7094777
•
HTTP://FREYFDN.ORG/
•
Open for Solicitation
Private Foundation
Family Foundation
Regional Funder
Overview
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990s
Income Statement
Balance Sheet
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Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$907,876

Investments
>99%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$7,453,999

Grants
71%
Salaries & Benefits
16%
Other
5%
Fees to Service Providers
5%
Offices, Occupancy & IT
2%
Depreciation
1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$678,625
$906,326
+34%
Other
$359,165
$1,550
-100%
Total Revenues
$1,037,790
$907,876
-13%
Expenses
2023
2024
Change
Grants
$6,540,691
$5,312,700
-19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,107,984
$1,203,807
+9%
Fees to Service Providers
$516,021
$342,960
-34%
Advertising & Promotion
$4,974
$0
-100%
Offices, Occupancy & IT
$95,207
$120,467
+27%
Interest
$10,890
$9,855
-10%
Depreciation
$143,405
$88,689
-38%
Other
$460,461
$375,521
-18%
Total Expenses
$8,879,633
$7,453,999
-16%
Net income
2023
2024
Change
Net income
-$7,841,843
-$6,546,123
+17%
Income Statement
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