Cal Farleys Boys Ranch Foundation
- Assets
- $353.2m
- Revenue
- $39.3m
- Investments
- $117.1m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 05/1964
- Data as of
- 09/2022
- EIN
- 75-1080987
Organization Overview
Cal Farleys Boys Ranch Foundation is located in Amarillo, TX. The organization was established in 1964. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal Farleys Boys Ranch 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 09/2022, Cal Farleys Boys Ranch Foundation generated $39.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $18.8m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO CAL FARLEY'S BOYS RANCH, DBA CAL FARLEY'S, A CODE SECTION 501(C)(3) ORGANIZATION. CAL FARLEY'S PROVIDES PROFESSIONAL PROGRAMS AND SERVICES IN A CHRIST-CENTERED ATMOSPHERE TO STRENGTHEN FAMILIES AND SUPPORT OVERALL DEVELOMENT OF CHILDREN. CAL FARLEY'S PROVIDES RESIDENTIAL CHILDCARE AT NO CHARGE TO THEIR FAMILIES. CHILDREN FROM PRE-SCHOOL THROUGH HIGH SCHOOL LIVE IN GROUP HOMES AND ARE PROVIDED A VARIETY OF ACADEMIC, VOCATIONAL, SPIRITUAL, AND EXTRACURRICULAR ACTIVITIES TO HELP THEM BECOME RESPONSIBLE AND RESILIENT YOUNG PEOPLE. DURING THE FISCAL YEAR 2021-2022, THE CAL FARLEY'S ORGANIZATION SERVED A TOTAL OF 170 CHILDREN IN RESIDENCE.
Describe the Organization's Program Activity:
PROVIDE FINANCIAL SUPPORT TO CAL FARLEY'S BOYS RANCH THROUGH INVESTMENT AND REINVESTMENT OF FUNDS, PROPERTIES, AND OTHER DONATIONS OF VALUE RECEIVED AS CONTRIBUTIONS AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Schroder Secretary | OfficerTrustee | 1 | $0 |
Richard Nedelkoff President (beg. June 2022) | OfficerTrustee | 1 | $0 |
Mark Strother Interim President (thru June 2022) | OfficerTrustee | 1 | $0 |
Michelle Bonner Chairman | OfficerTrustee | 1 | $0 |
Rodney Ruthart Vice Chairman | OfficerTrustee | 1 | $0 |
Megan Johnson Vice President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon Asset Servicing Gss Compensation | 9/29/22 | $194,376 |
Hirtle Callaghan & Co Llc Investment Management Fees | 9/29/22 | $871,524 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,712,045 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,946,113 |
| Total Program Service Revenue | $0 |
| Investment income | $33,382,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $775,008 |
| Net Rental Income | $7,948 |
| Net Gain/Loss on Asset Sales | -$805,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,306,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,393,447 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160,329 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $867,881 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,753,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,579,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,156 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $125 |
| Net Land, buildings, and equipment | $3,323,571 |
| Investments—publicly traded securities | $223,805,144 |
| Investments—other securities | $117,050,531 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,384,834 |
| Total assets | $353,153,021 |
| Accounts payable and accrued expenses | $100 |
| Grants payable | $0 |
| Deferred revenue | $8,820 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,758,104 |
| Total liabilities | $17,767,024 |
| Net assets without donor restrictions | $313,496,861 |
| Net assets with donor restrictions | $21,889,136 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $353,153,021 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cal Farleys Boys Ranch Foundation has recieved totaling $5,838,800.
| Awarding Organization | Amount |
|---|---|
Cal Farleys Boys Ranch Amarillo, TX PURPOSE: GENERAL OPERATION SUPPORT - ENDOWMENTS | $5,712,045 |
Austin Community Foundation Austin, TX PURPOSE: UNRESTRICTED | $118,750 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $22,261,099 |
| Earnings | $633,300 |
| Other Expense | $1,025,543 |
| Grants | $2,500 |
| Ending Balance | $21,866,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Farleys Boys Ranch Foundation Amarillo, TX | $353,153,021 | $39,306,291 |
Collaborative For Children Houston, TX | $4,167,922 | $11,693,599 |
All Church Home For Children Foundation Fort Worth, TX | $118,594,523 | $22,732,267 |
Tafb-Spe Fort Worth, TX | $0 | $5,833,618 |
Vogel Alcove Foundation Dallas, TX | $9,750,869 | $194,747 |
Salesmanship Club Charitable Golf Of Dallas Inc Dallas, TX | $8,698,636 | $3,698,308 |
Foundation For Depelchin Childrens Center Houston, TX | $123,667,636 | $6,194,433 |
Happy Hill Farm Childrens Home Endowment Foundation Granbury, TX | $19,140,603 | -$2,043,061 |
Lee Moor Childrens Home Trust Estate El Paso, TX | $68,806,563 | $8,958,726 |
Halftime Institute Irving, TX | $1,087,159 | $1,969,897 |
Lena Pope Foundation Inc Fort Worth, TX | $49,220,711 | $4,881,969 |
Gladney Fund Fort Worth, TX | $29,798,123 | $2,368,099 |