The Celia L And Victor W Farris Foundation Inc
- Assets
- $0.0
- Revenue
- $6.6m
- Investments
- $80.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 59-2667398
Organization Overview
The Celia L And Victor W Farris Foundation Inc is located in Boston, MA. The organization was established in 1986. 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. Celia L And Victor W Farris Foundation 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 12/2021, Celia L And Victor W Farris Foundation Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Celia L And Victor W Farris Foundation Inc has awarded 451 individual grants totaling $36,275,533. 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 |
|---|---|---|---|
Brent G Hagey II President | 10 | $20,000 | |
Cecile Victoria Farris Vice President | 1 | $0 | |
Marian Farris Vice President | 1 | $20,000 | |
Andrew Farris Treasurer | 2 | $0 | |
Jamie Retterer Secretary | 1 | $20,000 | |
Sukyin Agnes Farris Non-Voting Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abbot Downing | 12/30/22 | $446,849 |
Gma Foundations | 12/30/22 | $103,293 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,046,797 |
| Profit on Inventory Sales | $0 |
| Other Income | $120,414 |
| Total Revenue | $6,635,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $51,671 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $899,045 |
| Contributions, gifts, grants paid | $4,571,593 |
| Total expenses and disbursements | $5,470,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,554,271 |
| Investments—mortgage loans | $0 |
| Investments—other | $80,029,526 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,839 |
Grants Awarded
Over the last fiscal year, The Celia L And Victor W Farris Foundation Inc has awarded $5,804,932 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CHANGE ME FOUNDATION PURPOSE: MIIWRAP BROWARD GRANT | $20,000 |
COLLIER COMMUNITY FOUNDATION PURPOSE: HURRICANE FUND GRANT | $280,000 |
COMMUNITY FOUNDATION FOR GREATER BUFFALO PURPOSE: GENERAL OPERATING GRANT | $304,000 |
COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES INC PURPOSE: GENERAL OPERATING GRANT | $834,000 |
COMMUNITY FOUNDATION OF BROWARD PURPOSE: GENERAL OPERATING GRANT | $859,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: GENERAL OPERATING GRANT | $630,000 |