Farrell Family Foundation Inc
- Assets
- $797.3k
- Revenue
- $28.3k
- Investments
- $765.2k
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 59-3671115
Organization Overview
Farrell Family Foundation Inc is located in Eden Prairie, MN. The organization was established in 2000. 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. Farrell Family 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 12/2023, Farrell Family Foundation Inc generated $28.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $45.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Farrell Family Foundation Inc has awarded 237 individual grants totaling $374,409. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank S Farrell Jr Director | 0 | $0 | |
Mary Jane Rasmussen Director | 0 | $0 | |
Alfred C Farrell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,622 |
| Dividends & Interest | $12,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,781 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,115 |
| Total Revenue | $28,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $73 |
| Taxes | $214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,997 |
| Contributions, gifts, grants paid | $30,100 |
| Total expenses and disbursements | $45,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,136 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $797,303 |
| 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, Farrell Family Foundation Inc has awarded $30,100 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL FLORIDA FOUNDATION PURPOSE: UNRESTRICTED OPERATING SUPPORT | $1,100 |
CHESTER FIRST AID SQUAD PURPOSE: UNRESTRICTED OPERATING SUPPORT | $1,000 |
CHESTER TOWNSHIP PBA LOCAL 315 PURPOSE: UNRESTRICTED OPERATING SUPPORT | $500 |
CHESTER VOLUNTEER FIRE COMPANY PURPOSE: UNRESTRICTED OPERATING SUPPORT | $500 |
CHILDRENS CANCER RESEARCH FUND PURPOSE: UNRESTRICTED OPERATING SUPPORT | $2,000 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: UNRESTRICTED OPERATING SUPPORT | $2,000 |