Foundacion Fara
- Assets
- $13.0m
- Revenue
- $568.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 27-4804960
Organization Overview
Foundacion Fara is located in Austin, TX. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundacion Fara is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Foundacion Fara generated $568.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $566.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A HEALTH CLINIC FOR LOW-INCOME INDIVIDUALS IN NICARAGUA THAT PROMOTES AWARENESS AND EDUCATION IN HEALTH; TREATING WOMEN'S DISEASES WITH EMPHASIS ON PREVENTION, DETECTION AND TREATMENT OF INGURIES RELATED TO PRE-MALIGNANT CERVICAL CANCER; PROVIDING GENERAL MEDICAL AND DENTAL SERVICES AND COORDINATE SPECIALIZED FOREIGN MEDICAL TEAMS.
THE FOUNDATION OPERATES A HEALTH CLINIC FOR LOW-INCOME INDIVIDUALS IN NICARAGUA THAT PROMOTES AWARENESS AND EDUCATION IN HEALTH; TREATING WOMEN'S DISEASES WITH EMPHASIS ON PREVENTION, DETECTION AND TREATMENT OF INGURIES RELATED TO PRE-MALIGNANT CERVICAL CANCER; PROVIDING GENERAL MEDICAL AND DENTAL SERVICES AND COORDINATE SPECIALIZED FOREIGN MEDICAL TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manny Farahani President | 0 | $0 | |
Maria Farahani Executive Dir. | 0 | $0 | |
Daniel Farahani Director | 0 | $0 | |
Leila Farahani Director | 0 | $0 | |
William T Beil Director | 0 | $0 | |
Steve Bowers Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $318,473 |
| Interest on Savings | $85,294 |
| Dividends & Interest | $19,489 |
| Net Rental Income | $175,873 |
| Net Gain on Sale of Assets | -$190,807 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,775 |
| Total Revenue | $568,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $95,544 |
| Pension plans, employee benefits | $0 |
| Interest | $25 |
| Taxes | $8,086 |
| Depreciation | $48,725 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,997 |
| Printing and publications | $0 |
| Other expenses | $328,162 |
| Total operating and administrative expenses | $538,176 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $566,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,257 |
| Savings and temporary cash investments | $8,283,756 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $50,000 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,608,962 |
| Other assets | $582,163 |
| Total assets | $13,036,157 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foundacion Fara has awarded $56,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CAFE RECONCILE PURPOSE: SUPPORT | $2,500 |
HEALTHY HIVE FOUNDATION PURPOSE: SUPPORT | $500 |
INKIND INC PURPOSE: SUPPORT | $15,000 |
RAMJAANE JOSUA FOUNDATION PURPOSE: SUPPORT | $5,000 |
UT AUSTIN-LITERACY FIRST PURPOSE: SUPPORT | $2,500 |
HEALTHY HIVE FOUNDATION PURPOSE: SUPPORT | $500 |