Frank M & Alice M Farr Trust
- Assets
- $4.8m
- Revenue
- $82.4k
- Investments
- $4.2m
- Employees
- 0
- Location
- Aurora, NE
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 47-6144457
Organization Overview
Frank M & Alice M Farr Trust is located in Aurora, NE. The organization was established in 0000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frank M & Alice M Farr Trust 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, Frank M & Alice M Farr Trust generated $82.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $309.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank M & Alice M Farr Trust has awarded 33 individual grants totaling $705,615. 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 |
|---|---|---|---|
Heritage Bank Co-Trustee | 5 | $37,319 | |
Emily Jasnowski Co-Trustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,084 |
| Dividends & Interest | $67,893 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,780 |
| Capital Gain Net Income | $6,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,636 |
| Total Revenue | $82,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,319 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,341 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,185 |
| Contributions, gifts, grants paid | $261,186 |
| Total expenses and disbursements | $309,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650,071 |
| 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 | $4,115,592 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,846,253 |
| 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, Frank M & Alice M Farr Trust has awarded $261,186 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF AURORA PURPOSE: COLUMBARIUM PROJECT | $7,000 |
GO BIG GIVE PURPOSE: EDGERTON CENTER | $9,998 |
HAMILTON RECREATION INC PURPOSE: DAVIDSON ZEN ROOM / YOUTH CENTER | $16,500 |
HAMILTON RECREATION INC PURPOSE: CINEMA REPAIRS & IMPROVEMENTS | $18,102 |
HAMILTON COUNTY HISTORICAL SOCIETY PURPOSE: PHASE 5 AG BUILDING | $61,638 |
HAMILTON COUNTY FOOD PANTRY PURPOSE: CAN CARE-A-VAN | $2,500 |