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Frankard Foundation EIN 41-1563443 Form 990 (PDF) Claim this org

Frankard Foundation FY2021 filing

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A private foundation based in Lakeville, MN. It reported about $12K in revenue for 2020. For fiscal year 2021 it reported $12K in revenue, $22K in expenses, and $322K in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Lakeville, MN
Filings
5 on file (2021–2021)
Revenue
$12KFY2021
Expenses
$22K
Net assets
$322K
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-1563443 Private foundation / grantmaker Lakeville, MN
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Lakeville, MN. It reported about $12K in revenue for 2020.
Money in and out
$12K revenue, $22K expenses
Bottom line
—
Grants paid & assets · FY2021
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$22K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Total assets
322K
deployed as grants and operations
Grants paid
20K
in FY2021
Grants made
37grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 37 grants · $27K · 2024–2024
Down Syndrome Assoc of MnFY2024$2,400
Freedom Honor Flight INCWI · FY2024$2,000
American Red CrossFY2024$2,000
Salvation ArmyFY2024$1,500
Beloved AshvilleFY2024$1,500
Wounded Warrior Project-National Processing CenterFY2024$1,000
Tunnel to Towers FoundationFY2024$1,000
The Open DoorFY2024$1,000
St Anne FoundationIL · FY2024$1,000
Prevent Child AbuseFY2024$1,000
Mayo Clinic Cancer ResearchFY2024$1,000
Hope LodgeFY2024$1,000
Best Buddies INCPA · FY2024$1,000
All Saints Catholic ChurchFY2024$750
Mayo Clinic Poverello Foundation-Mayo ClinicFY2024$700
Shelter the Homeless Committee INCUT · FY2024$500
Minnesota Marine Art MuseumMN · FY2024$500
Home and Community Options INCMN · FY2024$500
See all 37 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV11
Average grantPart XV$730
Median grantPart XV$500
Largest grantPart XV$2K
Top cause focusNTEEEducation (5%)

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$12K
FY2021
Expenses
$22K
FY2021
Total assets
$322K
FY2021
Total liabilities
$0
FY2021
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$22K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Total assetsPt II$322K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFrankard Foundation
EINHdr · item D41-1563443
Principal addressHdr · item CLakeville, MN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Frankard Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income100%$12K
Total revenueLn 12$12K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.91 Operating & administrative $0.09
Grants & contributions paid91%$20K
Operating & administrative9%$2K
Total functional expensesLn 25$22K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$322K
Total liabilitiesLn 26$0
Total net assetsLn 32$322K
Months of cash on handcomputed7.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $322K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $12K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $12K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $12K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $322K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12K · Expenses $22K
-88%
Liabilities-to-Assets
Total liabilities — · Total assets $322K
—
Net-asset ratio
Net assets $322K · Total assets $322K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $22K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$15K revenue · ⤓ 990 PDF
FY2024$15K revenue · ⤓ 990 PDF
FY2023$16K revenue · ⤓ 990 PDF
FY2022$12K revenue · ⤓ 990 PDF
FY2021$12K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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