Fairwaycares Inc
- Assets
- $4.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 81-4590885
Organization Overview
Fairwaycares Inc is located in Madison, WI. The organization was established in 2017. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairwaycares Inc 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, Fairwaycares Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT, SERVICES, GIFTS, AND SPECIAL EXPERIENCES TO INDIVIDUALS SUFFERING FROM SERIOUS OR TERMINAL ILLNESS OR LOSS OF A LOVED ONE; TO RELIEVE DISTRESS CAUSED BY SERIOUS OR TERMINAL ILLNESS OR LOSS OF A LOVED ONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CORE PROGRAMS ARE CARE PACKAGES AND FINANCIAL ASSISTANCE. PACKAGES ARE SPECIFICALLY TAILORED FOR ADULTS OR CHILDREN DIAGNOSED WITH A CRITICAL ILLNESS, HAVE SUSTAINED A PHYSICAL TRAUMA, OR FOR THOSE WHO HAVE LOST A LOVED ONE. WE ALSO SEND CARE PACKAGES TO CAREGIVERS. CURRENTLY FAIRWAY CARES IS DESIGNED TO MEET THE CARING REQUESTS OF FAIRWAY EMPLOYEES. WHEN SOMEONE IN OUR FAMILY, OUR COMMUNITY, OUR OFFICE, OR WITHIN OUR BUSINESS CIRCLES IS EXPERIENCING A LOSS OR HARDSHIP, WE ARE HERE TO SHOW OUR SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Anderson President & Chairperson | OfficerTrustee | 1 | $0 |
Dylan Anderson Treasurer | OfficerTrustee | 1 | $0 |
Leonard Krupinski Vice President | OfficerTrustee | 1 | $0 |
Stephanie Gilbert Secretary | OfficerTrustee | 1 | $0 |
Marlene Sorenson Director | Trustee | 1 | $0 |
Dave Shaw Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,107,665 |
| Noncash contributions included in lines 1a–1f | $700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,665 |
| Total Program Service Revenue | $0 |
| Investment income | $114,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,246,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000,956 |
| 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 | $0 |
| Fees for services: Accounting | $19,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,100 |
| Office expenses | $64,252 |
| Information technology | $9,187 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,116,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,575,644 |
| Pledges and grants receivable | $125,934 |
| Accounts receivable, net | $70,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $307,294 |
| Prepaid expenses and deferred charges | $835 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,079,884 |
| Accounts payable and accrued expenses | $49,356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $49,356 |
| Net assets without donor restrictions | $3,088,159 |
| Net assets with donor restrictions | $942,369 |
| 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 | $4,079,884 |