Robert Houston & Hollyanne Frances Farris Foundation
- Assets
- $6.9m
- Revenue
- $279.1k
- Investments
- $6.8m
- Employees
- 0
- Location
- Harlingen, TX
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 74-2855935
Organization Overview
Robert Houston & Hollyanne Frances Farris Foundation is located in Harlingen, TX. The organization was established in 1997. 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. Robert Houston & Hollyanne Frances Farris Foundation 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, Robert Houston & Hollyanne Frances Farris Foundation generated $279.1k 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 (4.4%) each year. All expenses for the organization totaled $539.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert Houston & Hollyanne Frances Farris Foundation has awarded 184 individual grants totaling $1,227,861. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert R Farris President & Director | 10 | $0 | |
Robin Farris Sec./treas. & Director | 3 | $0 | |
R Houston Farris Director | 1 | $0 | |
Hollyanne Farris Jenkins Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $297,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,838 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $279,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,099 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $234 |
| Total operating and administrative expenses | $7,083 |
| Contributions, gifts, grants paid | $531,915 |
| Total expenses and disbursements | $538,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,425 |
| Net Accounts receivable | $49,299 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $6,894,857 |
| Accounts payable and accrued expenses | $8,500 |
| 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 | $19 |
| Total liabilities | $8,519 |
Grants Awarded
Over the last fiscal year, Robert Houston & Hollyanne Frances Farris Foundation has awarded $531,915 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ALGADON CLUB PURPOSE: DONATION TO CHARITABLE ORGANIZATION TO DEFRAY GENERAL OPERATING EXPENSES. | $21,500 |
ALL PAWS MATTER PURPOSE: DONATION TO CHARITABLE ORGANIZATION TO DEFRAY GENERAL OPERATING EXPENSES. | $500 |
BREATHE LIFE CHRISTIAN CHURCH PURPOSE: DONATION TO CHARITABLE ORGANIZATION TO DEFRAY GENERAL OPERATING EXPENSES. | $1,000 |
BOY SCOUTS OF AMERICA RIO GRANDE COUNCIL PURPOSE: DONATION TO CHARITABLE ORGANIZATION TO DEFRAY GENERAL OPERATING EXPENSES. | $16,000 |
CALVARY BAPTIST CHURCH PURPOSE: DONATION TO CHARITABLE ORGANIZATION TO DEFRAY GENERAL OPERATING EXPENSES. | $200 |
CALVARY CHRISTIAN SCHOOL PURPOSE: MEDICAL EXPENSE MEMORIALS | $100 |