Foundacion Fara
- Assets
- $13.0m
- Revenue
- $2.8m
- Investments
- $4.5m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 27-4804960
Organization Overview
Foundacion Fara is located in Austin, TX. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundacion Fara 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, Foundacion Fara generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $612.6k during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDACION FARA OPERATES A HEALTH CLINIC FOR LOW-INCOME INDIVIDUALS IN NICARAGUA THAT PROMOTES AWARENESS AND EDUCATION IN HEALTH; TREATING WOMEN'S DISEASES WITH EMPHASIS ON PREVENTION, DETECTION AND TREATMENT OF INJURIES RELATED TO PRE-MALIGNANT CERVICAL CANCER; PROVIDING GENERAL MEDICAL AND DENTAL SERVICES AND COORDINATE SPECIALIZED FOREIGN MEDICAL TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manny Farahani President | 3 | $0 | |
William T Biel Director | 1 | $0 | |
Maria Farahani Exec Dir | 5 | $0 | |
Daniel Farahani Director | 3 | $0 | |
Steve Bowers Director | 1 | $0 | |
Leila Farahani Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,991,793 |
| Interest on Savings | $0 |
| Dividends & Interest | $230,812 |
| Net Rental Income | $106,927 |
| Net Gain on Sale of Assets | $265,311 |
| Capital Gain Net Income | $265,311 |
| Net ST Capital Gain | $265,311 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,968 |
| Total Revenue | $2,796,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $120,704 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $839 |
| Depreciation | $53,803 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $307,226 |
| Total operating and administrative expenses | $582,577 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $612,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,248 |
| Savings and temporary cash investments | $5,584,711 |
| 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 | $4,549,954 |
| Net Land, buildings, and equipment | $2,232,679 |
| Other assets | $665,527 |
| Total assets | $13,034,119 |
| 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, Foundacion Fara has awarded $30,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SUPPORT | $10,000 |
San Antonio, TX PURPOSE: SUPPORT | $5,000 |
UT AUSTIN - LITERACY FIRST PURPOSE: SUPPORT | $5,000 |
Manor, TX PURPOSE: SUPPORT | $5,000 |
MEALS ON WHEELS PURPOSE: SUPPORT | $3,000 |
Austin, TX PURPOSE: SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Ships Lindale, TX | $171,351,006 | $110,683,026 |
Mercury One Inc Irving, TX | $26,900,316 | $58,076,637 |
Caris Foundation International Irving, TX | $3,266,033 | $33,910,538 |
Ahed International Inc Irving, TX | $2,773,148 | $33,249,497 |
Christian Relief Fund Amarillo, TX | $12,393,094 | $11,849,734 |
Focus Humanitarian Assistance U S A Sugar Land, TX | $10,443,894 | $8,688,144 |
A Glimmer Of Hope Foundation Austin, TX | $0 | $5,415,626 |
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
Building Everyones Success Together In West Africa Grand Prairie, TX | $91,189 | $6,476,422 |
Dasra Houston, TX | $12,585,856 | $13,108,623 |
Mountain On Mastersroad Inc Manvel, TX | $56,044 | $5,994,766 |
4africa Fort Worth, TX | $780,808 | $4,207,403 |