Richard E Frain Jr Charitable Foundation Inc

Wilmington, DE
Tax-exempt since Feb. 2005
EIN: 13-4253978

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$653k (2024)

Expenses

$152k (2024)

Total Assets

$1.23M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$653,312

Expenses

$152,172

Net Income

$501,140

Net Assets

$1,227,518

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,077	0.5%
Dividends	$8,335	1.3%
Sales of Assets	$641,900	98.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$123,809	81.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,227,518
Total Liabilities	$0
Net Assets	$1,227,518

Compensation

Key Employees and Officers	Compensation	Other
Tamberly Frain (Dir, Sec, Treas)	$0	$0
Richard E Frain Jr (Pres, Dir)	$0	$0

990-PF

Filed on July 2, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

-$176,354

Expenses

$111,863

Net Income

-$288,217

Net Assets

$726,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,139
Dividends	$3,617
Sales of Assets	-$182,110
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,619	87.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$726,378
Total Liabilities	$0
Net Assets	$726,378

Compensation

Key Employees and Officers	Compensation	Other
Tamberly Frain (Dir, Sec, Treas)	$0	$0
Richard E Frain Jr (Pres, Dir)	$0	$0

990-PF

Filed on Nov. 8, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

-$77,548

Expenses

$77,064

Net Income

-$154,612

Net Assets

$1,014,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$396
Dividends	$3,723
Sales of Assets	-$81,667
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,525	81.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,014,595
Total Liabilities	$0
Net Assets	$1,014,595

Compensation

Key Employees and Officers	Compensation	Other
Tamberly Frain (Dir, Sec, Treas)	$0	$0
Richard E Frain Jr (Pres, Dir)	$0	$0

990-PF

Filed on April 18, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$963,384

Expenses

$51,490

Net Income

$911,894

Net Assets

$1,169,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$951,249	98.7%
Interest Revenue	$20	0.0%
Dividends	$3,396	0.4%
Sales of Assets	$8,719	0.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,320	74.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,169,207
Total Liabilities	$0
Net Assets	$1,169,207

Compensation

Key Employees and Officers	Compensation	Other
Tamberly Frain (Dir, Sec, Treas)	$0	$0
Richard E Frain Jr (Pres, Dir, Sec*)	$0	$0

990-PF

Filed on Sept. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$25,655

Expenses

$27,941

Net Income

-$2,286

Net Assets

$257,312

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.1%
Dividends	$4,332	16.9%
Sales of Assets	$21,298	83.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,525	80.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$257,313
Total Liabilities	$1
Net Assets	$257,312

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres, Dir, Sec)	$0	$0

990-PF

Filed on July 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

-$7,548

Expenses

$36,743

Net Income

-$44,291

Net Assets

$259,598

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$58
Dividends	$4,396
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,525	88.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$259,599
Total Liabilities	$1
Net Assets	$259,598

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres, Dir, Sec)	$0	$0

990-PF

Filed on Aug. 19, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$17,775

Expenses

$41,701

Net Income

-$23,926

Net Assets

$303,890

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$86	0.5%
Dividends	$5,047	28.4%
Sales of Assets	$12,642	71.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,625	87.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$303,890
Total Liabilities	$0
Net Assets	$303,890

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres, Dir, Sec)	$0	$0

990-PF

Filed on June 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$37,384

Expenses

$61,822

Net Income

-$24,438

Net Assets

$327,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$30	0.1%
Dividends	$5,935	15.9%
Sales of Assets	$31,419	84.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,525	91.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$327,816
Total Liabilities	$0
Net Assets	$327,816

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres / Dir / Sec)	$0	$0

990-PF

Filed on May 3, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$29,226

Expenses

$57,128

Net Income

-$27,902

Net Assets

$352,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$122	0.4%
Dividends	$5,057	17.3%
Sales of Assets	$24,047	82.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,025	91.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$352,254
Total Liabilities	$0
Net Assets	$352,254

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres / Dir / Sec)	$0	$0

990-PF

Filed on June 23, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$11,308

Expenses

$64,814

Net Income

-$53,506

Net Assets

$380,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19	0.2%
Dividends	$7,738	68.4%
Sales of Assets	$3,551	31.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,625	90.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$380,156
Total Liabilities	$0
Net Assets	$380,156

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres / Dir / Sec)	$0	$0

990-PF

Filed on April 28, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$41,852

Expenses

$45,543

Net Income

-$3,691

Net Assets

$433,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$10,379	24.8%
Sales of Assets	$31,471	75.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,025	85.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$433,662
Total Liabilities	$0
Net Assets	$433,662

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres / Dir / Sec)	$0	$0

990-PF

Filed on April 21, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$30,729

Expenses

$79,092

Net Income

-$48,363

Net Assets

$437,353

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$10,575	34.4%
Sales of Assets	$20,142	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,394	92.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$437,353
Total Liabilities	$0
Net Assets	$437,353

Compensation

Key Employees and Officers	Compensation	Other
Richard E Frain Jr (Pres / Dir / Sec)	$0	$0

990-PF

Filed on May 9, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$306,070

Expenses

$23,619

Net Income

$282,451

Net Assets

$485,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300,000	98.0%
Interest Revenue	$0
Dividends	$8,964	2.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,028	84.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$485,716
Total Liabilities	$1
Net Assets	$485,715

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$11,588

Expenses

$54,383

Net Income

-$42,795

Net Assets

$203,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,956	51.4%
Sales of Assets	$5,632	48.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,519	94.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$203,265
Total Liabilities	$1
Net Assets	$203,264

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Richard E Frain Jr Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $653k (2024)

Expenses $152k (2024)

Total Assets $1.23M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$653k (2024)

Expenses

$152k (2024)

Total Assets

$1.23M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2020

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2019

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2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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