Thomas Peterson Fary & Alvin Jenettie Roane Fary Mem Schl Fund
- Assets
- $2.7m
- Revenue
- $101.2k
- Investments
- $2.3m
- Employees
- 0
- Location
- Tappahannock, VA
- Founding
- 04/1999
- Data as of
- 12/2020
- EIN
- 54-1827276
Organization Overview
Thomas Peterson Fary & Alvin Jenettie Roane Fary Mem Schl Fund is located in Tappahannock, VA. The organization was established in 1999. 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. Thomas Peterson Fary & Alvin Jenettie Roane Fary Mem Schl Fund 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 12/2020, Thomas Peterson Fary & Alvin Jenettie Roane Fary Mem Schl Fund generated $101.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $161.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP TO WORTHY INDIVIDUALS
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41 |
| Dividends & Interest | $83,476 |
| 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 | $101,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,106 |
| Other employee salaries and wages | $16,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $303 |
| Depreciation | $5,815 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,281 |
| Total operating and administrative expenses | $86,925 |
| Contributions, gifts, grants paid | $74,609 |
| Total expenses and disbursements | $161,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,543 |
| 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 | $352,318 |
| Investments—mortgage loans | $2,799 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,677,415 |
| 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 |
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