Howard And Barbara Farkas Foundation Inc
- Assets
- $4.9m
- Revenue
- $126.3k
- Investments
- $4.6m
- Employees
- 0
- Location
- Forest Hills, NY
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 13-3107852
Organization Overview
Howard And Barbara Farkas Foundation Inc is located in Forest Hills, NY. The organization was established in 1983. 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. Howard And Barbara Farkas 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, Howard And Barbara Farkas Foundation Inc generated $126.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $432.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Howard And Barbara Farkas Foundation Inc has awarded 346 individual grants totaling $2,342,100. 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 |
|---|---|---|---|
John C Crabill Pres/treas | 1 | $10,465 | |
James A Beha Vice Pres | 1 | $6,279 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $129,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $116,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,138 |
| Total Revenue | $126,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,744 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $359 |
| Total operating and administrative expenses | $30,535 |
| Contributions, gifts, grants paid | $401,750 |
| Total expenses and disbursements | $432,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$42,499 |
| Savings and temporary cash investments | $392,332 |
| 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 | $1,535 |
| Total assets | $4,915,804 |
| Accounts payable and accrued expenses | $36,819 |
| 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 | $36,819 |
Grants Awarded
Over the last fiscal year, Howard And Barbara Farkas Foundation Inc has awarded $401,750 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
TOTAL PAID TO RECIPIENTS LISTED BELOW PURPOSE: SPORTS/EDUCATIONFOOD PRGMS | $401,750 |
NA PURPOSE: HAITI RELIEF AID | $0 |
CNEWA PURPOSE: AID TOHOMELESS/POOR | $0 |
NA PURPOSE: SANDY RELIEFHAITI RELIEF | $0 |
AMERICAN BOYCHOIR PURPOSE: EDUCATIONMUSIC ARTS | $0 |
CHILDREN OF BELLEVUE PURPOSE: MEDICAL AID TO HOSPITALIZED CHILDREN | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |