Farrell Family Foundation
- Assets
- $6.6m
- Revenue
- -$14.5k
- Investments
- $6.4m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4759590
Organization Overview
Farrell Family Foundation is located in Richmond, VA. The organization was established in 2017. 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. Farrell Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Farrell Family Foundation has awarded 61 individual grants totaling $1,785,329. 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
THE FARRELL FAMILY FOUNDATION MAKES GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Garland Farrell President/director | 1 | $0 | |
Stuart T Farrell Treasurer/director | 1 | $0 | |
Peter F Farrell Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,377 |
| Dividends & Interest | $89,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$107,695 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$14,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,584 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $828 |
| Total operating and administrative expenses | $84,213 |
| Contributions, gifts, grants paid | $281,500 |
| Total expenses and disbursements | $365,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $194,886 |
| 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 | $6,360,572 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,555,458 |
| 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, Farrell Family Foundation has awarded $281,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGIATE SCHOOL PURPOSE: ANNUAL FUND | $30,000 |
COLONIAL WILLIAMSBURG FUND PURPOSE: ANNUAL FUND | $10,000 |
ELIJAH HOUSE ACADEMY PURPOSE: ANNUAL FUND | $2,500 |
BETTER HOUSING COALITION PURPOSE: ANNUAL FUND | $2,500 |
FOCUS OF RICHMOND PURPOSE: ANNUAL FUND | $5,000 |
UNIVERSITY OF VA - MASTER PLAN 1 PURPOSE: UNRESTRICTED OPERATIONAL FUNDS | $100,000 |