Farmhouse Foundation
- Assets
- $28.6m
- Revenue
- $3.7m
- Investments
- $135.2k
- Employees
- 5
- Location
- Kansas City, MO
- Founding
- 01/1966
- Data as of
- 06/2024
- EIN
- 36-6111880
Organization Overview
Farmhouse Foundation is located in Kansas City, MO. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Farmhouse Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2024, Farmhouse Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Farmhouse Foundation has awarded 142 individual grants totaling $25,482,839. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FARMHOUSE FOUNDATION IS A 501(C)(3) PUBLIC EDUCATIONAL FOUNDATION, ORGANIZED IN 1965 AS A TRUST, TO SUPPORT THE FRATERNITY AND ITS HIGH STANDARDS OF SCHOLARSHIP, CHARACTER, PERSONAL GROWTH, UNITY AND LEADERSHIP AMONG MEMBERS OF FARMHOUSE FRATERNITY, INC. THE FOUNDATIONS MISSION IS TO CULTIVATE DONOR PASSION AND SUPPORT TO ADVANCE FARMHOUSE FRATERNITYS MISSION AND HELP MEMBERS ACHIEVE EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - GRANTS MADE FOR THE CONSTRUCTION, RENOVATION AND FURNISHING OF THE DESIGNATED EDUCATIONAL PORTIONS OF CHAPTER HOUSES ON 12 CAMPUSES.
LEADERSHIP, PEOPLE SKILLS AND FINANCIAL MANAGEMENT TRAINING; THE UNDERWRITING AND SUPPORT OF STUDENTS ATTENDANCE AT LEADERSHIP PROGRAMS, SEMINARS AND INSTITUTES LOCATED THROUGHOUT THE COUNTRY. PROGRAMMING FOCUSES ON GENERAL LEADERSHIP SKILLS AND TOOLS, ETHICS AND ETHICALLY BASED DECISION MAKING, COMMUNITY SERVICE AND PHILANTHROPY, HEALTHY LIFESTYLES, COMMUNICATION, CONFLICT RESOLUTION, TEAM DYNAMICS AND STUDY SKILLS. OVER 400 CHAPTER MEMBERS BENEFITED DIRECTLY, AND ALL 1,455 MEMBERS BENEFITED INDIRECTLY.
SCHOLARSHIPS - PROVIDED FINANCIAL SUPPORT TO INDIVIDUALS PURSUING A DEGREE AT AN INSTITUTE OF HIGHER EDUCATION. THE SELECTION CRITERIA IS BASED ON ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND EVIDENCE OF FINANCIAL NEED. PROVIDED SCHOLARSHIPS TO 213 FARMHOUSE UNDERGRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric T Thurber Chairman | OfficerTrustee | 5 | $0 |
Bryce Freeman Chair-Elect | OfficerTrustee | 4 | $0 |
Charles M Oellermann Finance Chair | OfficerTrustee | 4 | $0 |
Lloyd A Bettis Fundraising Chair | OfficerTrustee | 4 | $0 |
Brian N Woolley Governance Chair | OfficerTrustee | 4 | $0 |
Darren Havens Audit Committee Chair | Trustee | 4 | $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 | $3,184,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,184,074 |
| Total Program Service Revenue | $0 |
| Investment income | $474,001 |
| 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 | $3,658,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,527,045 |
| Grants and other assistance to domestic individuals. | $235,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,966 |
| Compensation of current officers, directors, key employees. | $58,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,949 |
| Pension plan accruals and contributions | $29,990 |
| Other employee benefits | $42,612 |
| Payroll taxes | $32,305 |
| 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 | $86,863 |
| Advertising and promotion | $0 |
| Office expenses | $41,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,756 |
| Travel | $22,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,959 |
| Insurance | $18,393 |
| All other expenses | $0 |
| Total functional expenses | $2,618,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,538,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,158,965 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,077,656 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,345 |
| Net Land, buildings, and equipment | $9,141 |
| Investments—publicly traded securities | $18,382,424 |
| Investments—other securities | $135,210 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $339,587 |
| Total assets | $28,647,171 |
| Accounts payable and accrued expenses | $93,702 |
| 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 | $357,014 |
| Total liabilities | $450,716 |
| Net assets without donor restrictions | $7,683,603 |
| Net assets with donor restrictions | $20,512,852 |
| 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 | $28,647,171 |
Grants Awarded
Over the last fiscal year, Farmhouse Foundation has awarded $1,470,142 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FARMHOUSE FRATERNITY PURPOSE: EDUCATION, LEADERSHIP, TRAINING, RENT | $443,935 |
KANSAS STATE ASSOCIATION PURPOSE: EDUCATIONAL PORTION OF HOUSING | $92,161 |
IOWA STATE ASSOCIATION PURPOSE: EDUCATIONAL PORTION OF HOUSING, LEADERSHIP, TECHNOLOGY | $177,624 |
NEBRASKA ASSOCIATION PURPOSE: EDUCATIONAL PORTION OF HOUSING | $77,646 |
NORTH CAROLINA STATE ASSOCIATION PURPOSE: EDUCATIONAL PORTION OF HOUSING | $17,700 |
ARKANSAS ASSOCIATION PURPOSE: EDUCATIONAL PORTION OF HOUSING | $30,000 |