Nonprofit · EIN 87-3527607
FRENNEA FAMILY FOUNDATION
Tax-exempt · PENNINGTON, NJ 08534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $216,701 | $62,234 | $154,467 | $1,198,876 | $0 | $1,198,876 |
| December 31, 2024 | 990-PF | $112,767 | $57,977 | $54,790 | $1,103,961 | $0 | $1,103,961 |
| December 31, 2023 | 990-PF | $40,158 | $36,925 | $3,233 | $1,042,420 | $0 | $1,042,420 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $76,756
- Dividends
- $35,407
- Net gain from sales of assets
- $104,538
Expenses
- Grants and similar amounts paid
- $54,000
- Disbursements for charitable purposes
- $59,663
- Excise tax on investment income
- $1,864
Balance sheet and other
- Total assets, start of year
- $1,103,961
- Total assets, end of year
- $1,198,876
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,198,876
- Fair market value of assets
- $1,371,256
- Qualifying distributions
- $59,663
- Net investment income
- $139,903
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLY FRENNEA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | DIR, PRES | 1 | $0 |
| KYLE FRENNEA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | VP | 1 | $0 |
| RACHEL FRENNEA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | SEC | 1 | $0 |
| LEE WILLEFORD 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | VP | 1 | $0 |
| ROBERT FRENNEA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | DIR, TREAS, PRES, SEC | 1 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLY FRENNEA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | DIR, PRES | 1 | $0 |
| KYLE FREENA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | VP | 1 | $0 |
| RACHEL FREENA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | SEC | 1 | $0 |
| LEE WILLEFORD 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | VP | 1 | $0 |
| ROBERT FREENA 501 SILVERSIDE RD, WILMINGTON, DE 198091377 | DIR, TREAS, PRES, SEC | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carly Frennea Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
| Kyle Frennea Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | VP | 1 | $0 |
| Rachel Frennea Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Sec | 1 | $0 |
| Robert Frennea Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Treas, Pres, Sec | 1 | $0 |
| Lee Willeford Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | VP | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1532, PENNINGTON, NJ 08534-0691
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- RACHEL C FRENNEA, TRUSTEE
- Phone
- (888) 866-3275
- Return prepared by
- BANK OF AMERICA
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 | 990-PF 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
- 87-3527607
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,198,876
- Income (IRS master file)
- $473,067
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $216,701 | $62,234 | $1,198,876 | IRS |
| 990-PF | December 2024 | $112,767 | $57,977 | $1,103,961 | IRS |
| 990-PF | December 2023 | $40,158 | $36,925 | $1,042,420 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-3527607).
Questions about FRENNEA FAMILY FOUNDATION
- What is the EIN of FRENNEA FAMILY FOUNDATION?
- The employer identification number (EIN) of FRENNEA FAMILY FOUNDATION is 87-3527607.
- Is FRENNEA FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FRENNEA FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRENNEA FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRENNEA FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRENNEA FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of FRENNEA FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRENNEA FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $216,701, expenses of $62,234 and total assets of $1,198,876 at year end.
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