Far And Wise Inc
- Assets
- $2.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Hailey, ID
- Founding
- 12/2012
- Data as of
- 06/2023
- EIN
- 46-0587871
Organization Overview
Far And Wise Inc is located in Hailey, ID. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Far And Wise Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Far And Wise Inc 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 06/2023, Far And Wise Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $853.7k during the year ending 06/2023. While expenses have increased by 40.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACADEMIC SUPPORT, COUNSELING AND MENTORSHIP TO LOW-INCOME YOUTH FROM EARLY ELEMENTARY SCHOOL, THROUGH MIDDLE AND HIGH SCHOOL, AND GUARANTEED TUITION SUPPORT FOR HIGH EDUCATION. OUR WORK IS FOUNDED ON THE BELIEF THAT GIVEN EQUITABLE ACCESS TO RESOURCES, ALL CHILDREN CAN REALIZE THEIR INNATE POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY PROGRAM: OVER 60 STUDENTS SERVED IN 2ND & 3RD GRADE.
POST-SECONDARY PROGRAM: OVER 40 STUDENTS WERE PROVIDED MENTORSHIP, FINANCIAL AID, AND CAREER AND COURSE GUIDANCE. TRADE/VOCATIONAL PROGRAMMING WAS INTRODUCED AND SERVED 55 STUDENTS. SUMMERBRIDGE PARTNERSHIP PROGRAM: COLLABORATIVELY SERVED CLOSE TO 300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Robinson Chairman | OfficerTrustee | 12 | $0 |
Beverly Robinson Vice Chair | OfficerTrustee | 8 | $0 |
Jacob Greenberg Director | Trustee | 1 | $0 |
Mary Bachman Secretary | OfficerTrustee | 3 | $0 |
Kenneth Lewis President Em | Trustee | 2 | $0 |
Joyce Hart Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $530,739 |
| Related organizations | $0 |
| Government grants | $137,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $862,538 |
| Noncash contributions included in lines 1a–1f | $51,871 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,530,477 |
| Total Program Service Revenue | $0 |
| Investment income | $25,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,033 |
| Net Income from Fundraising Events | $16,076 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,574,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,135 |
| 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 | $487,176 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,680 |
| Payroll taxes | $37,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,029 |
| Advertising and promotion | $23,014 |
| Office expenses | $5,173 |
| Information technology | $4,470 |
| Royalties | $0 |
| Occupancy | $7,058 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $928 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,050 |
| All other expenses | $5,150 |
| Total functional expenses | $853,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,229,942 |
| 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 | $0 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,229,942 |
| Accounts payable and accrued expenses | $4,883 |
| 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 | $4,883 |
| Net assets without donor restrictions | $1,870,823 |
| Net assets with donor restrictions | $354,236 |
| 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 | $2,229,942 |