Charles and Phyllis M Frias Charitable
Charles and Phyllis M Frias Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $47.8M in total assets. In 2024, it awarded 10 grants totaling $5.7M. Net investment income was $1.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$47.8M
+11.4% YoY
Annual Giving
$5.7M
+15.4% YoY
Grant Count
10
+66.7% YoY
Avg Grant Size
$573K
-30.8% YoY
Under IRS private-foundation payout rules, Charles and Phyllis M Frias Charitable reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
About Charles and Phyllis M Frias Charitable
Based on IRS filings
Charles and Phyllis M Frias Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $47.8M in total assets. In 2024, it awarded 10 grants totaling $5.7M. Net investment income was $1.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $47,843,294 | $42,953,493 | $29,444,302 |
| Revenue | $12,197,942 | $19,312,002 | $945,016 |
| Expenses | $7,249,591 | $5,805,935 | $2,107,287 |
| Qualifying Distributions | $6,097,492 | $5,012,483 | $1,417,435 |
| Net Investment Income | $1,119,133 | $2,676,699 | $145,433 |
| Distributable Amount | $2,350,343 | $1,804,586 | $1,616,950 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Girl Scouts of Southern Nevada ($2,211,000), Nevada Rural Housing Inc ($1,528,298), Mesquite Works ($874,059).
| Recipient | Purpose | Amount |
|---|---|---|
| BISHOP GORMAN HIGH SCHOOL LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $150,000 |
| CLARK COUNTY PUBLIC EDUCATION FOUNDATION INC LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $648,140 |
| GIRL SCOUTS OF SOUTHERN NEVADA LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $2,211,000 |
| MESQUITE WORKS MESQUITE, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $874,059 |
| NEVADA RURAL HOUSING INC CARSON CITY, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $1,528,298 |
| PROJECT 150 INC LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $100,000 |
| COLLEGE OF SOUTHERN NEVADA FOUNDATION LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $130,477 |
| CRISTO REY ST VIATOR LAS VEGAS WORK STUDY INC NORTH LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $34,000 |
| LVMPD FOUNDATION LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $5,000 |
| FRIAS ELEMENTARY SCHOOL LAS VEGAS, NV | TO CONTRIBUTE TO CHARITABLE PURPOSES. | $48,653 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN H MOWBRAY | TRUSTEE, PRES./TREASURER | 5 | — |
| JACK R HANIFAN | TRUSTEE, VP/SECRETARY | 5 | $23,125 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Charles and Phyllis M Frias Charitable?
Charles and Phyllis M Frias Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. It holds $47.8M in total assets as of 2024.
How large is Charles and Phyllis M Frias Charitable?
As of 2024, Charles and Phyllis M Frias Charitable holds $47.8M in total assets with $12.2M in annual revenue. It awarded 10 grants totaling $5.7M in 2024.
Where does Charles and Phyllis M Frias Charitable operate?
Charles and Phyllis M Frias Charitable has awarded grants in Nevada.
What size grants does Charles and Phyllis M Frias Charitable award?
In 2024, Charles and Phyllis M Frias Charitable awarded 10 grants totaling $5.7M — an average of about $573K per grant, based on its IRS Form 990 filings.
How much is Charles and Phyllis M Frias Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles and Phyllis M Frias Charitable reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charles and Phyllis M Frias Charitable's EIN?
Charles and Phyllis M Frias Charitable's EIN (Employer Identification Number) is 82-3338279. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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