Farley Family Charitable Foundation
- Assets
- $40.8m
- Revenue
- $2.9m
- Investments
- $37.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-5492483
Organization Overview
Farley Family Charitable Foundation is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Farley Family Charitable Foundation 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, Farley Family Charitable Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Farley Family Charitable Foundation has awarded 60 individual grants totaling $10,313,442. 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 |
|---|---|---|---|
David A Lullo Chapman And Cutler Independent Trustee | 2.5 | $196,022 | |
Sarah F Huskey Family Trustee | 0.5 | $30,000 | |
Timothy P Farley Family Trustee | 0.5 | $30,000 | |
James C Farley Family Trustee | 0.5 | $30,000 | |
Barbara Jean Carre Family Trustee | 0.5 | $30,000 | |
Stuart M Farley Family Trustee | 0.5 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,116 |
| Interest on Savings | $7,741 |
| Dividends & Interest | $914,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,896,405 |
| Capital Gain Net Income | $2,468,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,943,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $346,022 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,108 |
| Total operating and administrative expenses | $658,303 |
| Contributions, gifts, grants paid | $5,702,000 |
| Total expenses and disbursements | $6,360,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,932,760 |
| 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 | $26,240,959 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,798,755 |
| 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, Farley Family Charitable Foundation has awarded $5,702,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PRECISION MUSEUM PURPOSE: GRANT FOR GENERAL CHARITABLE PURPOSES | $167,000 |
AUDUBON CANYON RANCH PURPOSE: GRANT FOR GENERAL CHARITABLE PURPOSES | $350,000 |
CATHOLIC CHARITIES OF SANTA ROSA PURPOSE: GRANT FOR GENERAL CHARITABLE PURPOSES | $137,500 |
FELLOWSHIP HOUSING CORPORATION PURPOSE: GRANT FOR GENERAL CHARITABLE PURPOSES | $95,000 |
FORGET ME NOT CHILDRENS SERVICES PURPOSE: GRANT FOR GENERAL CHARITABLE PURPOSES | $7,500 |
HOLY TRINITY HIGH SCHOOL PURPOSE: GRANT FOR GENERAL CHARITABLE PURPOSES | $525,000 |