FRAZIER FUND INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FRAZIER FUND INC (EIN 38-2287345)
Tax period
2023-10-01 to 2024-09-30
Filed
2025-02-04
IRS object ID
202500359349100010
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-02-04T12:14:08-05:00ReturnTs
Tax Period End2024-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN383133790PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDREWS HOOPER PAVLIK PLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1201 W BLUFF STAddressLine1Txt
CityMARQUETTECityNm
State AbbreviationMIStateAbbreviationCd
ZIP49855ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN382287345EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRAZIER FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRAZBusinessNameControlTxt
Phone9062264045PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1RANGE BANK 100 N FRONT STREETAddressLine1Txt
CityMARQUETTECityNm
State AbbreviationMIStateAbbreviationCd
ZIP49855ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT J TOUTANTPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9062264045PhoneNum
Signature2025-02-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKARA A KATONAPreparerPersonNm
PTINP00726523PTIN
Phone9062283600PhoneNum
Preparation2025-02-01PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,485,807FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$3,337InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,337InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$52,876DividendsRevAndExpnssAmt
Dividends Net Invst Incm$52,876DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$108,679NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$385,495GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$108,679CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$164,892TotalRevAndExpnssAmt
Total Net Invst Incm$164,892TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,585AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,585AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$14,501OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,501OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$900TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$16,986TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,086TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$107,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$107,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$124,086TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,086TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$107,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$40,806ExcessRevenueOverExpensesAmt
Net Investment Income$148,806NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$83,712SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$179,252SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$179,252SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$94,448USGovernmentObligationsBOYAmt
Corporate Stock BOY$658,203CorporateStockBOYAmt
Corporate Stock EOY$697,917CorporateStockEOYAmt
Corporate Stock EOYFMV$1,816,234CorporateStockEOYFMVAmt
Corporate Bonds BOY$499,692CorporateBondsBOYAmt
Corporate Bonds EOY$499,692CorporateBondsEOYAmt
Corporate Bonds EOYFMV$490,321CorporateBondsEOYFMVAmt
Total Assets BOY$1,336,055TotalAssetsBOYAmt
Total Assets EOY$1,376,861TotalAssetsEOYAmt
Total Assets EOYFMV$2,485,807TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,336,055RetainedEarningBOYAmt
Retained Earning EOY$1,376,861RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,336,055TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,376,861TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,336,055TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,376,861TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,336,055TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$40,806ExcessRevenueOverExpensesAmt
Subtotal$1,376,861SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,376,861TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$385,495GrossSalesPriceAmt
Cost Or Other Basis$276,816CostOrOtherBasisAmt
Gain Or Loss$108,679GainOrLossAmt
Gains Minus Excess Or Losses$108,679GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$108,679CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,068InvestmentIncomeExciseTaxAmt
Subtotal$2,068SubtotalAmt
Tax Based On Investment Income$2,068TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,013EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,013TotalPaymentsAndCreditsAmt
Tax Due$1,055TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1RANGE BANKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9062264045PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1100 N FRONT STREETAddressLine1Txt
CityMARQUETTECityNm
State AbbreviationMIStateAbbreviationCd
ZIP49855ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
PETER W FRAZIER
460 E RIDGEMARQUETTEMI49855PRESIDENT000.00$0$0$0
JULIA Q FRAZIER
5048 US 41 SOUTHMARQUETTEMI49855V. PRESIDENT000.00$0$0$0
WILLIAM I MCDONALD
115 S LAKESHORE BLVDMARQUETTEMI49855SECRETARY000.00$0$0$0
ROBERT J TOUTANT
1515 NORWAY AVENUEMARQUETTEMI49855TREASURER000.00$0$0$0
LINCOLN B FRAZIER JR
9 MIDDLE ISLAND POINTMARQUETTEMI49855DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,243,659AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$70,731AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,314,390TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,314,390AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$34,716CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,279,674NetVlNoncharitableAssetsAmt
Minimum Investment Return$113,984MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$113,984MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,068TaxBasedOnInvestmentIncomeAmt
Total Tax$2,068TotalTaxAmt
Distributable Before Adj$111,916DistributableBeforeAdjAmt
Distributable Before Ded$111,916DistributableBeforeDedAmt
Distributable As Adjusted$111,916DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$107,100ExpensesAndContributionsAmt
Qualifying Distributions$107,100QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$111,916DistributableAsAdjustedAmt
Undistributed Income PY$47,495UndistributedIncomePYAmt
Qualifying Distributions$107,100QualifyingDistributionsAmt
Applied To Year1$47,495AppliedToYear1Amt
Applied To Current Year$59,605AppliedToCurrentYearAmt
Undistributed Income CY$52,311UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMICHELE KONTIORecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1RANGE BANK 100 N FRONT STREETAddressLine1Txt
CityMARQUETTECityNm
State AbbreviationMIStateAbbreviationCd
ZIP49855ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9062264045RecipientPhoneNum
Form And Info And MaterialsREQUEST IN WRITING TO INCLUDE: - HISTORY AND PURPOSE OF REQUESTING ORGANIZATION - STATEMENT OF FINANCIAL CONDITION OF REQUESTING ORGANIZATION - EVIDENCE THAT REQUESTING ORGANIZATION IS EXEMPT UNDER SEC 501(C)(3) OR OTHERWISE EXEMPT UNDER SEC 115 OF THE INTERNAL REVENUE CODE - PURPOSE OR USE OF GRANT REQUESTED - AMOUNT OF GRANT REQUESTEDFormAndInfoAndMaterialsTxt
Submission DeadlinesAPRIL 30 OF EACH YEARSubmissionDeadlinesTxt
Restrictions On AwardsGRANTS ARE LIMITED TO ORGANIZATIONS THAT HAVE OBTAINED 501(C)(3) STATUS OR ARE OTHERWISE EXEMPT UNDER SECTION 115 OF THE INTERNAL REVENUE CODERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
8-18 MEDIA
123 W BARAGAMARQUETTEMI49855PCOPERATING EXPENSES$2,000
BIG BROTHERS BIG SISTERS OF MARQ
97 S FOURTH STREET STE DISHPEMINGMI49849PCGIRL POWER PROGRAM$5,000
ISHPEMING CANCER SOCIETY
700 W KAYE AVENUEMARQUETTEMI49855PCPATIENT CARE SERVICES$5,000
LAKE SUPERIOR HOSPICE
914 W BARAGA AVEMARQUETTEMI49855PCPATIENT SUPPORT PROGAMS$5,000
LAKE SUPERIOR THEATER
875 ORIANNA DRIVEMARQUETTEMI49855PCSUMMER SEASON$6,600
MARQUETTE AREA PUBLIC SCHOOLS
1201 W FAIR AVENUEMARQUETTEMI49855GOVSCHOLARSHIPS$2,000
MARQUETTE LITTLE LEAUGE
PO BOX 693MARQUETTEMI49855PCKAUFMAN FIELD RESORATION PROJECT$2,500
MARQUETTE MARITIME MUSEUM
PO BOX 1096MARQUETTEMI49855PCRAISE THE ROOF PROJECT$5,000
MARQUETTE REGIONAL HISTORY CENTER
145 W SPRING STREETMARQUETTEMI49855PCDEBT REDUCTION$15,000
MARQUETTE SENIOR HIGH SCHOOL
1203 W FAIR AVEMARQUETTEMI49855GOVPROJECTION GRADUATION$1,500
SHIRAS INSTITUTE
128 W SPRING STREETMARQUETTEMI49855PCPROJECTOR REPLACEMENT PROJECT$15,000
SUPERIOR STRING ALLIANCE
PO BOX 52MARQUETTEMI49855PC2024 PROGRAMMING FUNDS$2,500
TRILLIUM HOUSE INC
1144 NORTHLAND DRIVEMARQUETTEMI49855PCDAN MAZZUCHI CARE FUND$15,000
UP CHILDREN'S MUSEUM
123 W BARAGAMARQUETTEMI49855PCLOAN REDUCTION$5,000
WOMEN'S CENTER
1310 S FRONT STREETMARQUETTEMI49855PCPLEDGE PAYMENT$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$107,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,337ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$52,876ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$108,679ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$164,892ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$164,892TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryFORM 990-PF PREPARATIONCategoryTxt
Amt$1,585Amt
Net Investment Income$1,585NetInvestmentIncomeAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
SPDR BARCLAYS SHT TM CORP BOND ETF$298,566$294,503
ISHARES BARCLAYS 1-3 YR TREAS BND FD$201,126$195,818

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ISHARES TR S&P MIDCAP 400 IDX FD ETF$148,841$371,116
SPDR S&P 500 TRUST ETF$249,626$888,754
VNGUARD MEGA CAP 300 GWTH IDX FD ETF$90,450$250,155
ISHARES TRUST RUSSELL 2000 ETF$69,136$133,418
SPDR SELECT TECH SECTOR
SELECT SECTOR SPDR TR$39,203$49,800
SCHWAB US DIVIDEND EQUITY ETF$100,661$122,991

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEESCategoryTxt
Amt$14,501Amt
Net Investment Income$14,501NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$900Amt

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