Farther Foundation
- Assets
- $218.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-2655350
Organization Overview
Farther Foundation is located in Oak Park, IL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farther 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, Farther Foundation generated $155.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $157.5k during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FARTHER FOUNDATION PROVIDES SCHOLARSHIPS AND SUPPORT FOR ECONOMICALLY DISADVANTAGED STUDENTS TO PARTICIPATE IN EDUCATIONAL TRAVEL EXPERIENCES THAT ARE SIGNIFICANT AND LIFE CHANGING. THE FOUNDATION PARTNERS WITH SCHOOLS AND COMMUNITY ORGANIZATIONS TO IDENTIFY STUDENTS WHO DEMONSTRATE COMMITMENT TO SUCCESS THROUGH ACADEMIC ACHIEVEMENT, PARTICIPATION IN SUPPORT PROGRAMS AND A WILLINGNESS TO TAKE A BOLD STEP BEYOND THE FAMILIAR. SINCE ITS INCEPTION, THE FOUNDATION HAS PROVIDED 900,000 IN SCHOLARSHIPS TO 305 STUDENTS WHO HAVE PARTICIPATED IN PROGRAMS IN 27 STATES AND 41 COUNTRIES ON 6 CONTINENTS. 100% OF PARTICIPATING STUDENTS HAVE GRADUATED HIGH SCHOOL AND 99% HAVE GONE DIRECTLY TO COLLEGE. 95% OF THOSE HAVE EITHER EARNED A DEGREE OR REMAIN ON TRACK TO EARN A DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Weindling President | 40 | $3,000 | |
Ed Cruickshank Director | 1 | $0 | |
Susan White Vice Pres | 1 | $0 | |
Melissa Coughlin Director | 1 | $0 | |
Laura Swartzbaugh Director | 1 | $0 | |
Yesenia Ulloa Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,795 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,985 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,150 |
| Other Revenue | $0 |
| Total Revenue | $155,930 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,000 |
| Professional fees and other payments to independent contractors | $1,495 |
| Occupancy, rent, utilities, and maintenance | $4,336 |
| Printing, publications, postage, and shipping | $697 |
| Other expenses | $2,827 |
| Total expenses | $157,480 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $213,692 |
| Other assets | $0 |
| Total assets | $218,719 |
| Total liabilities | $0 |
| Net assets or fund balances | $218,719 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Farther Foundation has recieved totaling $10,089.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |