Frey Foundation EIN 80-0591744

Frey Foundation

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Enriches students and teachers at Frey Elementary with educational programs and resources. For fiscal year 2024 it reported $70K in revenue, $86K in expenses, and $66K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Acworth, GA
Filings
5 on file (2020–2024)
Revenue
$70KFY2024
Expenses
$86K
Net assets
$66K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  80-0591744 Public charity (501(c)(3)) Acworth, GA
Form 990 (PDF)
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Size
<$100K
What they do
Enriches students and teachers at Frey Elementary with educational programs and resources.
Leadership
Heather Smith · President
Money in and out
$70K revenue, $86K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$70K
Pt VIII · Ln 12
Total expenses
$86K
Pt IX · Ln 25
Net assets
$66K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +0.6% vs prior filing year
Operating runway
9.2mo
months of highly liquid reserves at operating expense rate▼ -53% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▼ -158% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$70K
FY2024▼ -12%
Expenses
$86K
FY2024▲ +71%
Total assets
$66K
FY2024▼ -19%
Total liabilities
$0
FY2024
Total revenue
$70K
Pt VIII · Ln 12
Total expenses
$86K
Pt IX · Ln 25
Net assets
$66K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$66K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $86K of program spending, described in the organization's own filed words · FY2024.
01

To provide enrichment for students and teachers at Frey Elementary.

$86Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFrey Foundation
EINHdr · item D80-0591744
Principal addressHdr · item CAcworth, GA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B19)
Ruling yearIRS BMFJun 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$55K · 78%
Program service revenue$15K · 22%
Contributions & grants78%$55K
Program service revenue22%$15K
Total revenueLn 12$70K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$84K
Management & general2%$2K
Total functional expensesLn 25$86K

Balance Sheet

Part X · end of year
CashLn 1$66K
Total assetsLn 16$66K
Total liabilitiesLn 26$0
Total net assetsLn 32$66K
Months of cash on handcomputed9.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $66K · Operating expenses/yr $86K
9.2 months
Where the money goes
Program services
Program services $84K · Total expenses $86K
98%
Management & General
Management & general $2K · Total expenses $86K
2%
Fundraising
Fundraising $0 · Total expenses $86K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $59K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $55K · Total revenue $70K
78%
Government reliance
Government grants — · Total revenue $70K
Earned-income share
Program service revenue $15K · Total revenue $70K
22%
Investment reliance
Investment income $0 · Total revenue $70K
0%
Program self-sufficiency
Program service revenue $15K · Total expenses $86K
18%
Growth & trend
Revenue growth (YoY)
This year $70K · Prior year $80K
-12%
Net-asset trend (YoY)
End of year $66K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $70K · Expenses $86K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $66K
Net-asset ratio
Net assets $66K · Total assets $66K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $66K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Heather Smith · Reported title President · Highest reported compensation $0 · Total expenses $86K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $86K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -12%
Legal fee ratio 0.04%
Accounting fee ratio 0.8%

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
FY2024 (Latest)$70K revenue · viewing · ⤓ 990 PDF
FY2023$80K revenue · ⤓ 990 PDF
FY2022$79K revenue · ⤓ 990 PDF
FY2021$47K revenue · ⤓ 990 PDF
FY2020$24K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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