Tim And Tracy Farrell Foundation
- Assets
- $77.1k
- Revenue
- $23.6k
- Investments
- $63.0k
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-4113483
Organization Overview
Tim And Tracy Farrell Foundation is located in Wichita, KS. The organization was established in 2012. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Tim And Tracy Farrell 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, Tim And Tracy Farrell Foundation generated $23.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $57.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tim And Tracy Farrell Foundation has awarded 143 individual grants totaling $714,281. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Farrell President | 0.5 | $0 | |
Tracy L Farrell Secretary | 0.25 | $0 | |
Tracy L Farrell Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,480 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,941 |
| Capital Gain Net Income | $16,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $319 |
| Total Revenue | $23,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,005 |
| Total operating and administrative expenses | $1,030 |
| Contributions, gifts, grants paid | $56,400 |
| Total expenses and disbursements | $57,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,087 |
| Savings and temporary cash investments | $0 |
| 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 | $1,999 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $62,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,064 |
| 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, Tim And Tracy Farrell Foundation has awarded $56,400 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EASTMINSTER CHURCH PURPOSE: UNRESTRICTED | $6,000 |
FAMILY PROMISE PURPOSE: UNRESTRICTED | $5,000 |
GREATER WICHITA AREA SPORTS COMMISSION PURPOSE: UNRESTRICTED | $4,000 |
KANSAS CHILDRENS FOUNDATION PURPOSE: UNRESTRICTED | $500 |
HELPING HANDS MINISTRY PURPOSE: UNRESTRICTED | $3,000 |
KU MED PURPOSE: UNRESTRICTED | $2,000 |