Fairfield Foundation
- Assets
- $255.5k
- Revenue
- $14.9k
- Investments
- $227.8k
- Employees
- 0
- Location
- Farmersville, TX
- Founding
- 07/1981
- Data as of
- 12/2023
- EIN
- 75-1746196
Organization Overview
Fairfield Foundation is located in Farmersville, TX. The organization was established in 1981. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield 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 12/2023, Fairfield Foundation generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $31.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fairfield Foundation has awarded 27 individual grants totaling $240,123. 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 |
|---|---|---|---|
William Sholten Sec/tres/truste | 0 | $0 | |
Katherine S Powell Trustee | 0 | $0 | |
Lucy G Kimbrough V-P/trustee | 0 | $0 | |
Leslie K Sholten Pres/trustee | 0 | $0 | |
Joanna S Wallander Trustee | 0 | $0 | |
William Arch Sholten Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,807 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95 |
| Total operating and administrative expenses | $1,937 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $31,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,690 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $255,458 |
| 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, Fairfield Foundation has awarded $30,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING OPPORTUNITY DEVELOPMENT COR PURPOSE: GENERAL FUND | $5,000 |
NEW LIFE BAPTIST CHURCH OF CHICAGO PURPOSE: GENERAL FUND | $2,500 |
NORTHEAST ILLINOIS COUNCIL OF BSA PURPOSE: GENERAL FUND | $2,500 |
RETT SYNDROME RESEARCH TRUST PURPOSE: GENERAL FUND | $10,000 |
OPPORTUNITY INTERNATIONAL PURPOSE: GENERAL FUND | $2,500 |
PONY TAILS REFUGE AND REHAB PURPOSE: GENERAL FUND | $5,000 |