Purdue Farmhouse Foundation
- Assets
- $561.4k
- Revenue
- $480.9k
- Investments
- $364.0k
- Employees
- 0
- Location
- West Lafayette, IN
- Founding
- 04/1977
- Data as of
- 12/2023
- EIN
- 31-0902351
Organization Overview
Purdue Farmhouse Foundation is located in West Lafayette, IN. The organization was established in 1977. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Purdue Farmhouse 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, Purdue Farmhouse Foundation generated $480.9k in total revenue. All expenses for the organization totaled $541.6k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTS OF THE FOUNDATION ARE TO RECEIVE GIFTS AND GRANTS OF MONEY AND PROPERTY OF EVERY KIND AND TO ADMINISTER THE SAME FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND PHILANTHROPIC USES AND TO DO ANYTHING NECESSARY OR PROPER FOR THE ACCOMPLISHMENT OF THESE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE SCHOLARSHIPS TWICE PER YEAR. THE TOTAL NUMBER OF SCHOLARSHIPS PER YEAR VARIES BUT IS 50-55 TOTAL AWARDS GIVEN. BECAUSE SOME SCHOLARSHIPS ARE AUTOMATICALLY GIVEN IF YOU ACHIEVE A CERTAIN SEMESTER GPA, WE OFTEN HAVE REPEAT WINNERS SO THE TOTAL NUMBER OF PERSONS BENEFITING FROM SCHOLARSHIPS AND OTHER ACTIVITIES WOULD BE ABOUT 35.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Wilson President | $0 | ||
Jeff Rayner Vice President | $0 | ||
Greg Deason Treasurer | $0 | ||
Sam Moffitt Secretary | $0 | ||
Sonny Beck Director | $0 | ||
Brent Bible Director | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $477,224 |
| Investment income | $3,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $249 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $9,585 |
| Total functional expenses | $541,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,227 |
| Savings and temporary cash investments | $21,172 |
| 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 | $40,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $363,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,387 |
| 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 | $561,387 |
| 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 | $561,387 |
Grants Awarded
Over the last fiscal year, Purdue Farmhouse Foundation has awarded $50,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS GEIDD | | | $5,000 |
TYLER KILMER | | | $5,000 |
GRANT ALLYN | | | $5,000 |
ABRAHAM PUGH | | | $5,000 |
NOAH BERNING | | | $5,000 |
LUKE PFANSTIEL | | | $5,000 |