Civic Intelligence

Friese Foundation

990PF • Fiscal year 2022 • EIN 83-2753741

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

20021 Northridge RoadChatsworth, CA 91311

(310) 282-2296

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

11th percentile

0.00x

Higher debt load relative to revenue than 11% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Net Margin

4th percentile

-174%

Higher net margin than 4% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

36th percentile

$200,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2022 filings • $50M-$100M nonprofits • Source year 2022

Asset Growth

32nd percentile

-5.9%

Faster asset growth than 32% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-79%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$63,465,883

Down $4,001,501 (-5.9%) from 2021

Net Assets

Down

$63,465,883

Down $4,001,501 (-5.9%) from 2021

Liabilities

Flat

$1

Flat from 2021

Revenue

Down

$2,298,985

Down $8,913,849 (-79%) from 2021

Expenses

Up

$6,300,486

Up $758,401 (+14%) from 2021

Net Income

Down

-$4,001,501

Down $9,672,250 (-171%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2018: $62,894,532Liabilities 2018: $02018Assets 2019: $61,579,340Liabilities 2019: $55,007Net Assets 2019: $61,524,3332019Assets 2020: $61,796,635Liabilities 2020: $1Net Assets 2020: $61,796,6352020Assets 2021: $67,467,384Liabilities 2021: $1Net Assets 2021: $67,467,3842021Assets 2022: $63,465,883Liabilities 2022: $1Net Assets 2022: $63,465,8832022Assets 2023: $59,874,759Liabilities 2023: $110,589Net Assets 2023: $59,764,1702023Assets 2024: $54,097,005Liabilities 2024: $122,938Net Assets 2024: $53,974,0672024

Highlighted filing

2022

Assets$63,465,883
Liabilities$1
Net Assets$63,465,883

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2018: $63,137,702Expenses 2018: $243,170Net Income 2018: $62,894,5322018Revenue 2019: $2,439,182Expenses 2019: $3,809,381Net Income 2019: -$1,370,1992019Revenue 2020: $5,004,117Expenses 2020: $4,731,815Net Income 2020: $272,3022020Revenue 2021: $11,212,834Expenses 2021: $5,542,085Net Income 2021: $5,670,7492021Revenue 2022: $2,298,985Expenses 2022: $6,300,486Net Income 2022: -$4,001,5012022Revenue 2023: $2,078,999Expenses 2023: $5,780,712Net Income 2023: -$3,701,7132023Revenue 2024: $2,265,067Expenses 2024: $8,055,170Net Income 2024: -$5,790,1032024

Highlighted filing

2022

Revenue$2,298,985
Expenses$6,300,486
Net Income-$4,001,501
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DONALD E FRIESE JRDirector, PresidentFT$200,000-$200,000
DONALD E FRIESEDirector-$0--
ANDREA FRIESEDirector, Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Friese Foundation
EIN
83-2753741
Phone
3102822296
Address
20021 NORTHRIDGE ROAD, CHATSWORTH, CA 91311

Signing Officer

Name
Donald E Friese
Title
President
Phone
3102822296
Signed
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly Llp
Address
21515 HAWTHORNE BLVD STE 1250, TORRANCE, CA 90503-6583
Preparer
Timothy D Pettit CPA
Phone
3105405990
Raw XML AppendixShowing 400 of 1,131 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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AccountingFeesSchedule/AccountingFeesDetail/CategoryTxt0ACCOUNTING FEES
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AccountingFeesSchedule/AccountingFeesDetail/NetInvestmentIncomeAmt07988
InvestmentsCorpBondsSchedule/InvestmentsCorporateBondsGrp/BondNm0ALPS SMITH TOTAL RETURN 167,357 SHS
InvestmentsCorpBondsSchedule/InvestmentsCorporateBondsGrp/BondNm1GUGGENHEIM TOTAL RETURN 68,692 SHS
InvestmentsCorpBondsSchedule/InvestmentsCorporateBondsGrp/BondNm2MAINSTAY MACKAY HIGH 407,383 SHS
InvestmentsCorpBondsSchedule/InvestmentsCorporateBondsGrp/BondNm3VOYA INTERMEDIATE 186,996 SHS
InvestmentsCorpBondsSchedule/InvestmentsCorporateBondsGrp/EOYBookValueAmt01896158
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm0ALBER SMALL CAP FOCUS 119,801.838 SH
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm1AMER FUNDS NEW 62,928 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm2AMER FUNDS GLOBAL 60,865 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm3ARTISAN DEVELOPING 154,283 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm4COLUMBIA SELECT LARGE 94,921 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm5FIDELITY ADV INTL CAP 84,671 SH
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm6ISHARES MSCI ACWI ETF 23,206 SH
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm7ISHARES CORE S&P 10,291 SH
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm8JP MORGAN UNDSCVRD MNGRS 39,351 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm9JP MORGAN GLOBAL 167,679 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm10MFS VALUE FD CL I 82,738 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm11PEAR TREE POLARIS 101,064 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm12SPDR DOW JONES INDUST 11,266 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm13VANGUARD TOTAL STK MKT 20,684 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm14AB HIGH INCOME MUNICIPAL 159,096 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm15BLACKROCK TOTAL RETURN 161,327 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm16COLUMBIA STRATEGIC 95,277 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm17MFS EMERGING MARKETS 104,275 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm18NEUBERGER BERMAN STRATEG 168,942 SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm19PRINCIPAL SPECTRUM PRFRD 136,903 SHS
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt01286202
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt11000000
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt2540000
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt31594007
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt0BLACKSTONE REAL ESTATE 144,679 SHS
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt1ROCKET GLOBAL INNOVATION 1,000 SHS
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt2BCP VIII ACCESS 540 SHS
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt3STARWOOD REAL ESTATE 57,902 SHS
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IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt0328044
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYFMVAmt0328044
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt067467384
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt063465883
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt060846229
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt067467384
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt063465883
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt067467384
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt063465883
IRS990PF/MethodOfAccountingCashInd0X
IRS990PF/MinimumInvestmentReturnGrp/AcquisitionIndebtednessAmt00
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt066613718
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt01171985
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt065441733
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt0999206
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt00
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt03280726
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt065614512
IRS990PF/MinimumInvestmentReturnGrp/ReductionClaimedAmt00
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt066613718
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/BusinessName/BusinessNameLine1Txt0MERRILL LYNCH
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/CompensationAmt065077
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/ServiceTypeTxt0INVESTMENT MANAGEMENT FEES
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/AddressLine1Txt02049 CENTURY PARK E 11/12 FL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/CityNm0CENTURY CITY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/StateAbbreviationCd0CA
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/ZIPCd090067
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/ContractorPaidOver50kCnt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt240.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt2200000
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt20
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0DONALD E FRIESE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1ANDREA FRIESE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2DONALD E FRIESE JR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1DIRECTOR, TREASURER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2DIRECTOR, PRESIDENT
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt120021 NORTHRIDGE ROAD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt220021 NORTHRIDGE ROAD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0CHATSWORTH
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1CHATSWORTH
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd091311
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd191311
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd291311
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OtherEmployeePaidOver50kCnt00
IRS990PF/Organization501c3ExemptPFInd0X
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IRS990PF/PFQualifyingDistributionsGrp/QualifyingDistributionsAmt05844742
IRS990PF/StatementsRegardingActy4720Grp/ActsFailToQlfyAsExceptionsInd00
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd00
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd00
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd00
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd00
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd01
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd00
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd00
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd00
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt020021 NORTHRIDGE ROAD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0CHATSWORTH
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd091311
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0CA
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0FRIESE FOUNDATION
IRS990PF/StatementsRegardingActyGrp/PhoneNum03102822296
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0HTTPS://THEFRIESEFOUNDATION.COM/
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0DONALD E FRIESE
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm1ANDREA FRIESE
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm2DONALD E FRIESE JR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt050000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt15000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt210000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt32300000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt3525000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt39200000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt4150000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt425000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt49600000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt59201000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt6125000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt6210000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt6350000

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