Frazier Family Foundation Inc

Nonprofit profile at a glance

EIN
831952912
IRS 990-PF coverage
2019–2024
Forms available
Form 990-PF 2024
Location
Corpus Christi, TX, USA
Phone
3613392063
Rating
72
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$371,921
Expenses
$475,252

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Fund Raising and Fund Distribution

What it reported funding in 2024

The foundation reported 12 grants totaling $159,250. The stated grant purposes included gift to benefit the american heart association (aha) and advance its not-forprofit mission to be a relentless force for a world of longer, healthier lives., grant to support connecting the dots film projects of blood origins inc. whose mission is to convey the truth about hunting and to promote conservation efforts, and grant to fund a full week at camp for 7 campers, enabling them to immerse themselves in the stunning coastal environment along the texas gulf coast; nature walks, waterfront activities, and outdoor exploration. camp aranzazu supports campers of all abilities by offering safe, fully accessible outdoor experiences, subsidizing costs, and partnering with organizations to deliver tailored programming. it's about inclusion, joy, friendship, and environmental connection for people facing health or disability challenges., plus 9 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - The filing identifies who received its grants and the filed numbers largely add up. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 55
  • Cost Efficiency: 34
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 95

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 55.5%; rating input score 55; 8th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 33.5%; rating input score 34; 10th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 61.2; rating input score 95; 95th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 55.5% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 95th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Grant Deployment: Grant deployment ratio scored 55/100.
  • Moderate — Cost Efficiency: Grant expense ratio scored 34/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.