Mary Kay And James D Farley Fund Inc
- Assets
- $3.1m
- Revenue
- $116.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 31-1590199
Organization Overview
Mary Kay And James D Farley Fund Inc is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Kay And James D Farley Fund Inc 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 12/2023, Mary Kay And James D Farley Fund Inc generated $116.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $185.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mary Kay And James D Farley Fund Inc has awarded 54 individual grants totaling $560,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Anne Farley Director / President | 1 | $0 | |
James D Farley Jr Treasurer | 1 | $0 | |
Kathryn T Farley Director | 1 | $0 | |
Andrew E Farley Director / VP | 1 | $0 | |
Patrick Snabes Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $113,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,738 |
| Capital Gain Net Income | $2,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24 |
| Total Revenue | $116,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $593 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $24,992 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $184,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,008 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| 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 | $44,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $3,132,175 |
| 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, Mary Kay And James D Farley Fund Inc has awarded $160,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ALFORD LAKE CAMP PURPOSE: TO SUPPORT THE ORGANIZATION | $1,500 |
CATHOLIC CHARITIES DIOCESE OF VENICE INC PURPOSE: TO SUPPORT THE ORGANIZATION | $5,000 |
CORNELL CATHOLIC COMMUNITY PURPOSE: TO SUPPORT THE ORGANIZATION | $5,000 |
CORNELL MENTAL HEALTH PURPOSE: TO SUPPORT THE ORGANIZATION | $10,000 |
FRIENDSHIP CENTER OF HARBOR SPRINGS PURPOSE: TO SUPPORT THE ORGANIZATION | $10,000 |
GEORGETOWN UNIVERSITY PURPOSE: TO SUPPORT THE ORGANIZATION | $2,000 |