Farmer Family Foundation
- Assets
- $185.7m
- Revenue
- $63.0m
- Investments
- $181.6m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 31-1256614
Organization Overview
Farmer Family Foundation is located in Cincinnati, OH. The organization was established in 1990. 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. Farmer Family 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, Farmer Family Foundation generated $63.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $42.3m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 4 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.
Since 2020, Farmer Family Foundation has awarded 298 individual grants totaling $96,344,997. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
EFFORT TO ESTABLISH ACCELERATE GREAT SCHOOLS INITIATIVE
PARKINSON'S RESEARCH INITIATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce E Farmer Trustee | 1 | $0 | |
Brynne F Coletti Co-Chairman, Trustee | 1 | $0 | |
Robert E Coletti Co-Chairman, Trustee, Asst. Secretary | 1 | $0 | |
Scott D Farmer Trustee | 1 | $0 | |
Mary J Farmer Trustee | 1 | $0 | |
Amy F Joseph Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summer Hill Inc | 12/30/22 | $650,614 |
Shcp Llc | 12/30/22 | $650,608 |
James William Langston | 12/30/22 | $145,000 |
Mcdermott Will & Emery | 12/30/22 | $75,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $305,189 |
| Interest on Savings | $65,826 |
| Dividends & Interest | $7,146,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,957,283 |
| Capital Gain Net Income | $49,878,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,498,773 |
| Total Revenue | $62,973,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,056,000 |
| Depreciation | $0 |
| Occupancy | $607 |
| Travel, conferences, and meetings | $18,308 |
| Printing and publications | $2,247 |
| Other expenses | $13,634 |
| Total operating and administrative expenses | $2,634,042 |
| Contributions, gifts, grants paid | $39,675,748 |
| Total expenses and disbursements | $42,309,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,070,914 |
| 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 | $162,888,722 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $185,691,399 |
| 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 | $855,459 |
| Total liabilities | $855,459 |
Grants Awarded
Over the last fiscal year, Farmer Family Foundation has awarded $39,675,748 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
1N5 PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $500 |
AMERICAN NATIONAL RED CROSS PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $5,000 |
ARCHBISHOP MOELLER HIGH SCHOOL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $50,000 |
ACCELERATE GREAT SCHOOLS PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $5,000,000 |
ARMED FORCES TICKET ASSOCIATION - CINCINNATI INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $2,000 |
ASSISTANCE LEAGUE OF GREATER CINCINNATI PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $25,000 |