Brian And Lorene Furrer Foundation Inc
- Assets
- $268.2k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- West Lafayette, IN
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-1361279
Organization Overview
Brian And Lorene Furrer Foundation Inc is located in West Lafayette, IN. The organization was established in 2015. 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. Brian And Lorene Furrer Foundation 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 12/2022, Brian And Lorene Furrer Foundation Inc generated $150.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $88.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Brian And Lorene Furrer Foundation Inc has awarded 146 individual grants totaling $889,168. 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 |
|---|---|---|---|
Brian Furrer President | 0.5 | $0 | |
Lorene Furrer Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $2,703 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,583 |
| Total operating and administrative expenses | $4,943 |
| Contributions, gifts, grants paid | $83,100 |
| Total expenses and disbursements | $88,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,699 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $109,476 |
| Other assets | $0 |
| Total assets | $268,175 |
| 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, Brian And Lorene Furrer Foundation Inc has awarded $83,100 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
FRONTIER FFA PURPOSE: FINANCIAL SUPPORT | $500 |
NATIONAL FFA FOUNDATION PURPOSE: FINANICAL SUPPORT | $1,000 |
NORTH WHITE FFA PURPOSE: FINANCIAL SUPPORT | $500 |
TRI-COUNTY FFA PURPOSE: FINANCIAL SUPPORT | $500 |
TWIN LAKES FFA PURPOSE: FINANICAL SUPPORT | $500 |
INDIANA FFA FOUNDATION PURPOSE: DONATION - STATE CONVENTION | $1,000 |