Cal Farleys Boys Ranch Foundation
- Assets
- $386.2m
- Revenue
- $27.2m
- Investments
- $135.2m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 05/1964
- Data as of
- 09/2023
- EIN
- 75-1080987
Organization Overview
Cal Farleys Boys Ranch Foundation is located in Amarillo, TX. The organization was established in 1964. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cal Farleys Boys Ranch 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 09/2023, Cal Farleys Boys Ranch Foundation generated $27.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $18.7m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO CAL FARLEY'S BOYS RANCH, DBA CAL FARLEY'S, A CODE SECTION 501(C)(3) ORGANIZATION. CAL FARLEY'S IS A NON-PROFIT ORGANIZATION PROVIDING CONTINUUM OF CARE THAT OFFERS MENTAL HEALTH SERVICES, EDUCATION, AND COMMUNITY RESOURCES TO CHILDREN AND THEIR FAMILIES THROUGHOUT OUR SURROUNDING COMMUNITIES ACROSS THE NATION. OUR MISSION IS TO PROVIDE PROFESSIONAL PROGRAMS AND SERVICES IN A CHRIST-CENTERED ATMOSPHERE TO STRENGTHEN FAMILIES AND SUPPORT OVERALL DEVELOMENT OF CHILDREN. TO DO THIS, WE ARE COMMITTED TO PROVIDING A SAFE AND NURTURING ENVIRONMENT FOR CHILDREN WHO HAVE EXPERIENCED ABUSE, NEGLECT, OR OTHER DIFFICULT CIRCUMSTANCES. PROGRAMS AND SERVICES OFFERED INCLUDE BOYS RANCH, INDEPENDENT LIVING PROGRAM, TRANSITIONAL AFTERCARE, FAMILY PRESERVATION, FAMILY ENGAGEMENT, ALUMNI CASE MANAGEMENT, AND COMMUNITY COUNSELING.
Describe the Organization's Program Activity:
PROVIDE FINANCIAL SUPPORT TO CAL FARLEY'S BOYS RANCH THROUGH INVESTMENT AND REINVESTMENT OF FUNDS, PROPERTIES, AND OTHER DONATIONS OF VALUE RECEIVED AS CONTRIBUTIONS AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Bonner Chairman | OfficerTrustee | 1 | $0 |
Rodney Ruthart Vice Chairman | OfficerTrustee | 1 | $0 |
Rod Schroder Secretary | OfficerTrustee | 1 | $0 |
Julie Attebury Director | Trustee | 1 | $0 |
Mike King Director | Trustee | 1 | $0 |
Lance Purcell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hirtle Callaghan & Co Llc Investment Management Fees | 9/29/23 | $832,402 |
Bny Mellon Asset Servicing Gss Compensation | 9/29/23 | $154,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,485,235 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,567,346 |
| Total Program Service Revenue | $0 |
| Investment income | $11,879,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,375,632 |
| Net Rental Income | $11,145 |
| Net Gain/Loss on Asset Sales | $1,358,061 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,192,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,547,008 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,428 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $824,873 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,703,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,716,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,323 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,080,326 |
| Net Land, buildings, and equipment | $3,323,321 |
| Investments—publicly traded securities | $231,938,126 |
| Investments—other securities | $135,179,733 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,919,028 |
| Total assets | $386,187,818 |
| Accounts payable and accrued expenses | $1,875 |
| Grants payable | $0 |
| Deferred revenue | $6,615 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,748,449 |
| Total liabilities | $17,756,939 |
| Net assets without donor restrictions | $346,577,643 |
| Net assets with donor restrictions | $21,853,236 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $386,187,818 |