Clara B Farlow Foundation For Children
- Assets
- $32.0k
- Revenue
- -$2.8k
- Investments
- $28.9k
- Employees
- 0
- Location
- Mount Airy, NC
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 26-6288963
Organization Overview
Clara B Farlow Foundation For Children is located in Mount Airy, NC. The organization was established in 2010. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clara B Farlow Foundation For Children is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT DIRECTLY TO SEVERAL MEDICAL PROVIDERS ON BEHALF OF SEVERAL CHILDREN IN NEED OF FINANCIAL AID WHOSE APPLICATIONS FOR ASSISTANCE FROM THE FOUNDATION WERE ACCEPTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Farlow Vaughn Director | 0.5 | $0 | |
Charles R Vaughn Jr Director | 0.1 | $0 | |
Charles Hunt Farlow Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,581 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $845 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $2,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,569 |
| Savings and temporary cash investments | $1,607 |
| 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 | $0 |
| Total assets | $32,045 |
| 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, Clara B Farlow Foundation For Children has awarded $2,390 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HELPIHG HANDS FOUNDATION OF SURRY COUNTY PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT MISSION TO PROVIDE CHILDREN AND FAMILIES OF SURRY COUNTY A HELPING HAD. | $250 |
SURRY SUNRISE ROTARY PURPOSE: TO SUPPORT THE EXEMPT ORGANIZATION'S MISSION OF PROVIDING COMMUNITY SERVICE AT THE LOCAL, NATIONAL AND INTERNATIONAL LEVEL. | $2,140 |