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Filing year 2023

FREY FOUNDATION

Minneapolis, Minnesota·EIN 36-3588505·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$104k
Total assets
$3.6M
Total expenses
$1.8M
Reported officers
16

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota.

President & Director
Board President
75th to 90th percentile
$148k
$161k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FREY FOUNDATION equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
8%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$1.2M

Itemized grants

48

Median grant

$14k

RecipientLocationPurposeAmount
CATHOLIC CHARITIESMINNEAPOLIS, MNFREY OPPORTUNITY CENTER$105k
HAZELDEN BETTY FORD FOUNDATIONCENTER CITY, MNGENERAL OPERATING SUPPORT$100k
UJAMAA PLACEST PAUL, MNGENERAL OPERATING SUPPORT$95k
BLAINE COUNTY HUNGER COALITIONBELLEVUE, IDGENERAL OPERATING SUPPORT$70k
AEONMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$65k
PROJECT FOR PRIDE IN LIVING INC (PPL)MINNEAPOLIS, MNRESIDENT SERVICES PROGRAM$65k
GRACE TRINITY COMMUNITY CHURCHMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$50k
HABITAT FOR HUMANITY TWIN CITIESST PAUL, MNGENERAL OPERATING SUPPORT$50k
HUNGER IMPACT PARTNERSMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$50k
YOUTHPRISEMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$50k
ACACIA GLOBALKETCHUM, IDGENERAL OPERATING SUPPORT$50k
THE GREATER MINNESOTA HOUSINGST PAUL, MNGENERAL OPERATING SUPPORT$45k
RS EDENMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$40k
BEACON INTERFAITH HOUSING COLLABORATIVEST PAUL, MNGENERAL OPERATING SUPPORT$30k
INQUILINXS UNIDXS POR JUSTICIAMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$30k
INTERFAITH OUTREACH & COMMUNITY PARTNERSPLYMOUTH, MNEMERGENCY HOUSING ASSISTANCE PROGRAM$25k
OASIS FOR YOUTHBLOOMINGTON, MNGENERAL OPERATING SUPPORT$25k
SOLID GROUNDHOMEWORK STARTS WITH HOMEWHITE BEAR LAKE, MNHOMEWORK STARTS WITH HOME PROGRAM$25k
THE BRIDGE FOR YOUTHMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$25k
WILDER RESEARCHST PAUL, MNMN HOMELESS STUDY$25k
FLOURISHMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$20k
RISE EARLY LEARNING CENTERST LOUIS PARK, MNGENERAL OPERATING SUPPORT$20k
NORTHERN STAR SCOUTINGST PAUL, MNGENERAL OPERATING SUPPORT$18k
CLOSEKNITMINNEAPOLIS, MNGENERAL OPERATING SUPPORT$17k
BLAINE COUNTY FIRST RESPONDERSHAILEY, IDGENERAL OPERATING SUPPORT$10k
Compare this foundation's grantees

Up 6%
from 2022

From $139k in 2022 to $148k in 2023.

$139k
2022
$148k
2023
In today's dollarsEst.
Up 3% in real terms$157k to $161k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 6% from 2022 to 2023, while revenue rose 13%.

$139k in 2022 to $148k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FREY FOUNDATION

What does the Board President of FREY FOUNDATION earn?

In 2023, the Board President of FREY FOUNDATION received $147,627 in total compensation. This pay is in the top quarter for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board President pay at FREY FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2023 pay of the Board President at FREY FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at FREY FOUNDATION equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are FREY FOUNDATION's revenue and expenses?

In 2023, FREY FOUNDATION reported $104k in total revenue and $1.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.