Farther Foundation
- Assets
- $809.0k
- Revenue
- $772.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 09/2008
- Data as of
- 12/2023
- 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 12/2023, Farther Foundation generated $772.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $204.4k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE GREATER ACADEMIC ACHIEVEMENT AND LIFE SUCCESS FOR STUDENTS FROM LOW-INCOME, AT RISK POPULATIONS THROUGH PARTICIPATION IN UNIQUE ENRICHMENT TRAVEL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 975,000 IN SCHOLARSHIPS TO 350 STUDENTS WHO HAVE PARTICIPATED IN PROGRAMS IN 28 STATES AND 42 COUNTRIES ON 6 CONTINENTS. 100% OF PARTICIPATING STUDENTS HAVE GRADUATED HIGH SCHOOL AND 97% HAVE GONE DIRECTLY TO COLLEGE. 88% 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 | OfficerTrustee | 40 | $3,000 |
Melissa Coughlin Director | Trustee | 1 | $0 |
Matt Crossett Director | Trustee | 1 | $0 |
Ed Cruickshank Director | Trustee | 1 | $0 |
Jocelyn Duran Director | Trustee | 1 | $0 |
Rosario Gonzalez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $755,400 |
| Total Program Service Revenue | $0 |
| Investment income | $16,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $772,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,789 |
| Grants and other assistance to domestic individuals. | $39,248 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| 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 | $1,218 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $595 |
| Advertising and promotion | $0 |
| Office expenses | $3,690 |
| Information technology | $898 |
| Royalties | $0 |
| Occupancy | $3,640 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27 |
| Insurance | $341 |
| All other expenses | $0 |
| Total functional expenses | $204,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,489 |
| Savings and temporary cash investments | $144,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $626,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,000 |
| Other assets | $0 |
| Total assets | $809,029 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $809,029 |
| Net assets with donor restrictions | $0 |
| 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 | $809,029 |
Grants Awarded
Over the last fiscal year, Farther Foundation has awarded $133,475 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROAD LESS TRAVELED PURPOSE: MISSION STATEMENT | $40,000 |
EVANSTON SCHOLARS PURPOSE: MISSION STATEMENT | $44,530 |
MINDS MATTER PURPOSE: MISSION STATEMENT | $8,974 |
STUDENT DIPLOMACY CORPS PURPOSE: MISSION STATEMENT | $11,600 |
ENVISION BY WORLD STRIDES PURPOSE: MISSION STATEMENT | $9,665 |
NOBLE NETWORK OF CHARTER SCHOOLS PURPOSE: MISSION STATEMENT | $18,706 |