Farris Charitable Tr
- Assets
- $1.5m
- Revenue
- $38.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 13-7148226
Organization Overview
Farris Charitable Tr is located in Morristown, NJ. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Farris Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Ellen Valentine Trustee | 0 | $0 | |
Jennifer Louise Moss Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,155 |
| Dividends & Interest | $19,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,856 |
| Capital Gain Net Income | $17,856 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $2,715 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $72,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $370,927 |
| 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 | $1,094,824 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,465,751 |
| 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, Farris Charitable Tr has awarded $70,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH POINT UNIVERSITY PURPOSE: CHARITABLE BEQUEST | $50,000 |
ST BERNARDS CHURCH PURPOSE: CHARITABLE BEQUEST | $10,000 |
FRIENDS OF JOCKEY HOLLOW PURPOSE: CHARITABLE BEQUEST | $5,000 |
BAY HEAD FIRE DEPT PURPOSE: CHARITABLE BEQUEST | $1,000 |
BAY HEAD MANTOLOKING PBA PURPOSE: CHARITABLE BEQUEST | $500 |
CANCER RESEARCH UK PURPOSE: CHARITABLE BEQUEST | $3,500 |