Frosted Faces Foundation INC

Ramona, CA · Public charity (501(c)(3)) · Since 2014 · Animals

✓ Tax-deductible Latest data FY2025
Revenue
$2.9M
▲ +17% vs prior year
Spent
$2.4M
To programs
86%
Net assets
$3.4M

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

Figures match the IRS filing checked 9/1/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
6 funders, incl. Hedwig S Johannsen Trust
$27K in the latest grant year.
Spent on programs?
86% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +17% vs prior year
Legal name (IRS)Hdr · item CFrosted Faces Foundation INC
EINHdr · item D47-1274069
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2016
Year of formationHdr · item L2014
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CRamona, CA
NTEE classificationIRS BMFAnimals (D20)
WebsiteHdr · item Jwww.frostedfacesfoundation.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program services86%$2.0M
Management & general10%$232K
Fundraising4%$91K
Total functional expensesLn 25$2.4M

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$2.9M
FY2025▲ +17%
Expenses
$2.4M
FY2025▲ +9%
Program efficiency
86%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate▼ -41% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +47% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$4.3M
FY2025▲ +29%
Total liabilities
$973K
FY2025▲ +61%
Revenue less expensesPt I · Ln 19$555K
Total assetsPt X · Ln 16$4.3M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$785K
Total assetsLn 16$4.3M
Total liabilitiesLn 26$973K
Total net assetsLn 32$3.4M
Months of cash on handcomputed4.0

Statement of Revenue

Part VIII
Contributions & grants$2.8M · 95%
Program service revenue$94K · 3%
Investment income$31K · 1%
Other revenue$33K · 1%
Contributions & grants95%$2.8M
Program service revenue3%$94K
Investment income1%$31K
Other revenue1%$33K
Total revenueLn 12$2.9M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses (Pt IX) $2.4M · Less non-cash grants $41K · Cash operating expenses/yr $2.3M
7.0 months
Where the money goes
Program services
Program services $2.0M · Total expenses $2.4M
86%
Management & General
Management & general $232K · Total expenses $2.4M
10%
Fundraising
Fundraising $91K · Total expenses $2.4M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $58K · Solicited contributions (3-yr avg) $2.5M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $2.9M
95%
Government reliance
Government grants — · Total revenue $2.9M
—
Earned-income share
Program service revenue $94K · Total revenue $2.9M
3%
Investment reliance
Investment income $31K · Total revenue $2.9M
+1%
Program self-sufficiency
Program service revenue $94K · Total expenses $2.4M
4%
Growth & trend
Revenue growth (YoY)
This year $2.9M · Prior year $2.5M
+17%
Revenue CAGR
FY2020 $1.2M · FY2025 $2.9M
+20%
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.9M · Expenses $2.4M
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $4.3M
—
Net-asset ratio
Net assets $3.4M · Total assets $4.3M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $568K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4.3M
13%
People & payroll
Highest Reported Total Compensation
Individual Neil Russell · Reported title VETERINARIAN · Highest reported compensation $166K · Total expenses $2.4M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $2.4M
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 10%——
Fundraising cost ratio 3%——
Revenue growth 17%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Veterinarian
$165,781Pt VII · Sec A
$156,280Pt VII · Sec A
Director
$67,590Pt VII · Sec A
$59,349Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Neil Russell’s $166K as Veterinarian is at the 84th percentile of top reported officer pay among 1137 $1–10M animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Neil Russell$165,781$156,875————
Lauren D Oviedo Monts$156,280—————
Neil Russell——$138,333———
Kelly Smisek$67,590$64,000$46,800$48,000$46,847$20,283
Andrew Smisek$59,349$53,333————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Frosted Faces Foundation INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Rescues senior dogs from shelters, providing medical care and finding them loving forever homes.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $2.0M of program spending, described in the organization's own filed words · FY2025.
01

Rescue

We provide free medical at FFF veterinary clinic for adopters of the frosted faces throughout their lifetime. This incentive helps us to not only place pets with loving familiies without the financial burden, but allows us to move pets through our program in order to rescue more and aid our local shelters during this time of the…

$1.9Mprogram expense
02

Frosted Funding

We primariliy provide veterinary care that is required to maintain and enhance the quality of life for senior animals. We can also help with food, supplies, training, grooming, pet deposits, fence repairs, and impound fees.

$77Kprogram expense
03

Safety Net Boarding

We offer free temporary boarding to pets whose parents require hospitalization or are experiencing hardships. We can offer up to 90 days of grace awarded in 30 day increments so that pet owners can pursue treatment or gather resources to gain stability, with the reassurance that their pet is okay and can be reunited.

$26Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 6 funders$27K
See all 6 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $2.9M$2.4M+17% 990 PDF
FY2024 $2.5M$2.2M+10% 990 PDF
FY2023 $2.3M$1.8M+24% 990 PDF
FY2022 $1.8M$1.6M+2% 990 PDF
FY2021 $1.8M$1.3M+54% 990 PDF
FY2020 $1.2M$978K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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