Nonprofit · EIN 23-7094777
FREY FOUNDATION
Tax-exempt · GRAND RAPIDS, MI 49503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $907,876 | $7,453,999 | -$6,546,123 | $162,397,904 | $3,783,479 | $158,614,425 |
| December 31, 2023 | 990-PF | $1,037,790 | $8,879,633 | -$7,841,843 | $147,686,324 | $3,451,641 | $144,234,683 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $905,463
- Interest
- $863
- Net gain from sales of assets
- $1,550
Expenses
- Grants and similar amounts paid
- $5,312,700
- Compensation of officers, directors and key employees
- $481,007
- Salaries, compensation and benefits (total)
- $494,229
- Disbursements for charitable purposes
- $6,280,528
- Excise tax on investment income
- $48,905
Balance sheet and other
- Total assets, start of year
- $149,972,967
- Total assets, end of year
- $162,397,904
- Total liabilities, end of year
- $3,783,479
- Net assets, end of year
- $158,614,425
- Fair market value of assets
- $162,397,904
- Qualifying distributions
- $6,730,528
- Net investment income
- $3,985,040
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HOLLY A JOHNSON 40 Pearl Street NW, Grand Rapids, MI 495033028 | PRESIDENT | 40 | $274,006 | $8,339 |
| TYLER J CRAWFORD 40 Pearl Street NW, Grand Rapids, MI 495033028 | CFO & COO Highest-paid employee | 40 | $170,481 | $36,461 |
| CHRISTOPHER ROMERO 40 Pearl Street NW, Grand Rapids, MI 495033028 | PROGRAM OFFICER Highest-paid employee | 40 | $92,511 | $31,565 |
| BRYANA L HOPKINS 40 Pearl Street NW, Grand Rapids, MI 495033028 | PROGRAM OFFICER Highest-paid employee | 40 | $87,192 | $8,734 |
| SARAH J MIX 40 Pearl Street NW, Grand Rapids, MI 495033028 | PROGRAM ASSOCIATE Highest-paid employee | 40 | $69,106 | $14,530 |
| DAVID G FREY JR 40 Pearl Street NW, Grand Rapids, MI 495033028 | CHAIR | 18 | $46,585 | $0 |
| ELEONORA H FREY ZAGEL 40 Pearl Street NW, Grand Rapids, MI 495033028 | VICE CHAIR | 10 | $41,413 | $0 |
| LAURA D FREY 40 Pearl Street NW, Grand Rapids, MI 495033028 | TREASURER | 10 | $38,362 | $0 |
| MARY FREY BENNETT 40 Pearl Street NW, Grand Rapids, MI 495033028 | SECRETARY | 10 | $36,000 | $0 |
| CAMPBELL W FREY 40 Pearl Street NW, Grand Rapids, MI 495033028 | TRUSTEE | 3 | $17,577 | $0 |
| SARAH R FREY ROSE 40 Pearl Street NW, Grand Rapids, MI 495033028 | TRUSTEE | 3 | $17,000 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HOLLY A JOHNSON 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | PRESIDENT | 40 | $265,356 | $29,972 |
| LYNNETTE J ROBINSON 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | PROGRAM DIRECTOR Highest-paid employee | 40 | $191,496 | $18,058 |
| BRYANA L HOPKINS 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | PROGRAM OFFICER Highest-paid employee | 40 | $76,767 | $8,078 |
| SARAH J MIX 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | PROGRAM ASSOCIATE Highest-paid employee | 40 | $65,962 | $13,672 |
| KENNETH E LONG 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | CFO & COO THRU 9/23 Highest-paid employee | 40 | $62,833 | $13,796 |
| CHRISTINA B GILL 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $50,168 | $25,293 |
| DAVID G FREY JR 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | CHAIR | 18 | $46,318 | $0 |
| ELEONORA H FREY ZAGEL 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | VICE CHAIR | 10 | $41,200 | $0 |
| MARY FREY BENNETT 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | TREASURER | 10 | $36,000 | $0 |
| SARAH R FREY ROSE 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | SECRETARY | 10 | $36,000 | $0 |
| LAURA D FREY 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | TRUSTEE | 3 | $17,850 | $0 |
| CAMPBELL W FREY 40 PEARL STREET NW SUITE 1100, GRAND RAPIDS, MI 49503 | TRUSTEE | 3 | $17,000 | $0 |
Address and contacts
- Address (IRS master file)
- 40 PEARL ST NW STE 1100, GRAND RAPIDS, MI 49503-3028
- Signed the 990-PF
- HOLLY A JOHNSON, President
- Phone
- (616) 451-0303
- Website
- HTTP://FREYFDN.ORG/
- Return prepared by
- CROWE LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7094777
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $162,397,904
- Income (IRS master file)
- $31,673,166
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $907,876 | $7,453,999 | $162,397,904 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,037,790 | $8,879,633 | $147,686,324 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7094777).
Questions about FREY FOUNDATION
- What is the EIN of FREY FOUNDATION?
- The employer identification number (EIN) of FREY FOUNDATION is 23-7094777.
- Is FREY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to FREY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FREY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FREY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FREY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 11 received compensation from the organization, the highest $274,006 (HOLLY A JOHNSON, PRESIDENT).
- How much revenue does FREY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $907,876, expenses of $7,453,999 and total assets of $162,397,904 at year end.
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