Charles C Faranna Scholarship Tr
- Assets
- $3.2m
- Revenue
- $379.9k
- Investments
- $2.6m
- Employees
- 0
- Location
- Broken Arrow, OK
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 73-6251335
Organization Overview
Charles C Faranna Scholarship Tr is located in Broken Arrow, OK. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles C Faranna Scholarship Tr 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, Charles C Faranna Scholarship Tr generated $379.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $552.2k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 6 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.
Since 2018, Charles C Faranna Scholarship Tr has awarded 524 individual grants totaling $522,000. 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 |
|---|---|---|---|
Matthew R Madalone Trustee | 5 | $0 | |
Elizabeth Pullum Johnson Trustee | 40 | $0 | |
Jo Ann Sanning Trustee | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $282,616 |
| Capital Gain Net Income | $282,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $379,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $429,296 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $23 |
| Taxes | $22,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $630 |
| Total operating and administrative expenses | $457,195 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $552,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,247 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $588,499 |
| 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 | $765 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,225,720 |
| 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 | $4,261 |
| Total liabilities | $4,261 |
Grants Awarded
Over the last fiscal year, Charles C Faranna Scholarship Tr has awarded $95,000 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER BLOXHAM PURPOSE: SCHOLARSHIP | $1,000 |
ABIGAIL GROVES PURPOSE: SCHOLARSHIP | $1,000 |
ABIGAIL COLLINS PURPOSE: SCHOLARSHIP | $1,000 |
AALIYAH HARVEY PURPOSE: SCHOLARSHIP | $1,000 |
BO ROSS PURPOSE: SCHOLARSHIP | $1,000 |
ALEXANDRIA VELOTTA PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |