Farrell Family Foundation
- Assets
- $5.5m
- Revenue
- $228.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Kentfield, CA
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 91-2167530
Organization Overview
Farrell Family Foundation is located in Kentfield, CA. The organization was established in 2002. 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. Farrell Family 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, Farrell Family Foundation generated $228.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.8%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Farrell Family Foundation has awarded 553 individual grants totaling $6,096,731. 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 |
|---|---|---|---|
Peter C Farrell Director | 1 | $0 | |
Paul A Farrell Director | 1 | $0 | |
Catherine A Sertori Director | 1 | $0 | |
Michael J Farrell Director | 1 | $0 | |
Kristi Burlingame Executive Director/cfo | 20 | $93,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kristi Burlingame | 12/30/22 | $93,600 |
Merrill Lynch | 12/30/22 | $56,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $249 |
| Dividends & Interest | $179,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,455 |
| Capital Gain Net Income | $48,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $228,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,025 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $48,263 |
| Printing and publications | $389 |
| Other expenses | $59,179 |
| Total operating and administrative expenses | $232,781 |
| Contributions, gifts, grants paid | $2,109,914 |
| Total expenses and disbursements | $2,342,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $637,458 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $13,000 |
| 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 | $4,228,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,498,184 |
| 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 | $97,215 |
| Total liabilities | $97,215 |
Grants Awarded
Over the last fiscal year, Farrell Family Foundation has awarded $1,836,813 in support to 218 organizations.
| Grant Recipient | Amount |
|---|---|
ABANDONED CHILDREN'S FUND PURPOSE: FUNDS FOR DISCRETIONARY USE | $2,000 |
ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY PURPOSE: FUNDS FOR DISCRETIONARY USE | $17,875 |
40 DAYS FOR LIFE PURPOSE: FUNDS FOR DISCRETIONARY USE | $8,500 |
ADOPT A PLATOON SOLDIER SUPPORT EFFORT PURPOSE: FUNDS FOR DISCRETIONARY USE | $6,750 |
ADMIRAL NIMITZ FND PURPOSE: FUNDS FOR DISCRETIONARY USE | $1,000 |
AID FOR STARVING CHILDREN PURPOSE: FUNDS FOR DISCRETIONARY USE | $2,000 |