The Franco Foundation: Nonprofit Profile, Financials & Form 990 (EIN 52-2172267)

Revenue by fiscal year
FY2020	$187K
FY2021	$196K
FY2022	$196K
FY2023	$169K
FY2024	$170K
FY2025	$175K

Expenses by fiscal year
FY2020	$187K
FY2021	$171K
FY2022	$172K
FY2023	$143K
FY2024	$162K
FY2025	$167K

Net assets by fiscal year
FY2020	$163K
FY2021	$188K
FY2022	$213K
FY2023	$239K
FY2024	$247K
FY2025	$255K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $167K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Allan Franco

President

$0Pt VII · Sec A

See The Franco Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people with living and educational costs.

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Provided by the organization

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1 program · $167K · in their own filed words · FY2024

01

Living expenses and educational programs

$167Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Donor Advised Charitable Giving INCFY2024$14K

Fidelity Investments Charitable Gift FundFY2024$13K

Mayberg Foundation INCFY2024$5K

Zichron Chaim Charity FundFY2024$1K

Total grants receivedfrom 4 funders$33K

See all 4 funders →

Grants paid · 10 grants · $904K · 2019–2024

Unitemized GrantFY2024$165,568

Unitemized GrantFY2023$158,235

Unitemized GrantFY2022$84,550

Unitemized GrantFY2021$196,449

Unitemized GrantFY2020$91,556

Individual RecipientFY2020$20,690

Unitemized GrantFY2019$140,647

Tiferet Torah INCMD · FY2019$20,640

Yad Yehuda of Greater Washington INCMD · FY2019$15,675

National Council of Young IsraelMD · FY2019$9,854

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$175K

Ln 12

Gifts and grantsLn 1h$174K

Investment incomeLn 3$1K

Money outPt IX

$167K

Ln 25

Programscol B$167K

Owns and owesPt X

$255K

net assets · Ln 32

Cash and savingsLn 1–2$255K

Total assetsLn 16$255K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$174K

Investment incomeLn 3$1K

Total revenueLn 12$175K

Assets in detailPt X, end of year

CashLn 1$255K

Cash and savings togetherLn 1–2$255K

Total assetsLn 16$255K

LiabilitiesLn 26$0

Net assetsLn 32$255K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$247K	$255K
Total assetsLn 16	$247K	$255K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$247K	$255K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$166K	$166K
Accounting feesLn 11c	$600	$600
Office expensesLn 13	$99	$99
Other expenses (24a–d)Ln 24	$682	$682
Total functional expensesLn 25	$167K	$167K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$175K	$167K	$8K	$255K	990 PDF
FY2024	$170K	$162K	$8K	$247K	990 PDF
FY2023	$169K	$143K	$26K	$239K	990 PDF
FY2022	$196K	$172K	$24K	$213K	990 PDF
FY2021	$196K	$171K	$25K	$188K	990 PDF
FY2020	$187K	$187K	−$420	$163K	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

See the full FY2025 990 (6 parts)

Part I · Summary $175,321 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $168,718$174,260

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,235$1,061

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $169,953$175,321

I-13 Grants and similar amounts paidPrior year $158,235$165,568

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,392$1,381

I-18 Total expensesPrior year $161,627$166,949

I-19 Revenue less expensesPrior year $8,326$8,372

Part VI · Governance 1 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $175,321 across 4 lines filed

VIII-1f All other contributions, gifts and grants$174,260

VIII-1h Total contributions, gifts and grants$174,260

VIII-3 Investment incomeRelated to mission $1,061$1,061

VIII-12 Total revenueRelated to mission $1,061 · Unrelated business $0 · Excluded from tax $0$175,321

Part IX · Statement of functional expenses $166,949 across 4 lines filed

IX-2 Grants to domestic individualsPrograms $165,568$165,568

IX-11c Accounting feesPrograms $600$600

IX-13 Office expensesPrograms $99$99

IX-24 Other expenses (24a–d)Programs $682$682

IX-25 Total functional expensesPrograms $166,949 · Management $0 · Fundraising $0$166,949

Part X · Balance sheet $255,477 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $247,105$255,477

X-16 Total assetsStart of year $247,105$255,477

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $247,105$255,477

X-33 Total liabilities and net assetsStart of year $247,105$255,477

Part XI · Reconciliation of net assets $255,477 net assets at year end

XI-1 Total revenue$175,321

XI-2 Total expenses$166,949

XI-3 Revenue less expenses$8,372

XI-4 Net assets at start of year$247,105

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$255,477

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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