Farmers Charitable Foundation
- Assets
- $2.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Canfield, OH
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-6635385
Organization Overview
Farmers Charitable Foundation is located in Canfield, OH. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Farmers Charitable 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 12/2021, Farmers Charitable Foundation generated $1.8m in total revenue.
Since 2019, Farmers Charitable Foundation has awarded 28 individual grants totaling $585,450. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION AND PURPOSE OF THE CORPORATION IS TO BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), INCLUDING, IN FURTHERANCE OF SUCH PURPOSES, BUT WITHOUT LIMITATION THEREON, HOLDING, INVESTING, AND ADMINISTERING ASSETS RECEIVED AS CHARITABLE GIFTS, BEQUESTS, AND CONTRIBUTIONS AND USING SUCH ASSETS OR THE INCOME THEREFROM BY MAKING GRANTS AND OTHER DISTRIBUTIONS TO FACILITATE, SUPPORT, AND INCREASE CHARITABLE ACTIVITIES IN THE FOLLOWING AREAS: HEALTH AND HUMAN SERVICES; CHILDREN, YOUTH, AND FAMILIES; SOCIAL WELFARE; EDUCATION; SCIENTIFIC RESEARCH; CULTURE, ARTS, AND HUMANITIES; RELIGION; CIVIC AND COMMUNITY AFFAIRS; ENVIRONMENT; WILDLIFE AND ANIMALS; AND OTHER CHARITABLE ACTIVITIES THAT SUPPORT CAUSES WHICH REPRESENT THE PHILANTHROPIC WISHES OF DONORS OF FARMERS CHARITABLE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE GRANTS TO CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS IN FURTHERANCE OF EACH RECIPIENT'S EXEMPT PURPOSE. (OVER FORTY ORGANIZATIONS RECEIVED GRANTS IN 2021.)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Helmick Chairman | OfficerTrustee | 1 | $0 |
Mark Graham Vice Chairman | OfficerTrustee | 1 | $0 |
Amber Wallace Soukenik Secretary | OfficerTrustee | 1 | $0 |
Carl Culp Treasurer | Trustee | 1 | $0 |
Troy Adair As Of 9121 Director | Trustee | 1 | $0 |
Mark Wenick 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 | $1,643,178 |
| Noncash contributions included in lines 1a–1f | $830,981 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,643,178 |
| Total Program Service Revenue | $0 |
| Investment income | $50,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,757,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $549,235 |
| 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 | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,010 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $567,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $219,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,185,046 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,404,415 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,277,426 |
| Net assets with donor restrictions | $126,989 |
| 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 | $2,404,415 |
Grants Awarded
Over the last fiscal year, Farmers Charitable Foundation has awarded $447,750 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Cody, WY PURPOSE: PROGRAM SUPPORT | $258,000 |
Akron, OH PURPOSE: PROGRAM SUPPORT | $50,250 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $18,000 |
CANFIELD UNITED METHODIST CHURCH PURPOSE: PROGRAM SUPPORT | $15,100 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $13,000 |
Canfield, OH PURPOSE: PROGRAM SUPPORT | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Farmers Charitable Foundation has recieved totaling $250,391.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Mahoning Valley Youngstown, OH PURPOSE: PROGRAM SUPPORT | $250,391 |
Endowment Analysis
| Earnings | $2,210 |
| Net Contributions | $129,779 |
| Grants | $5,000 |
| Ending Balance | $126,989 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald B And Dorothy L Stabler Foundation Harrisburg, PA | $483,040,822 | $63,822,611 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Margaret And Robert Walter Foundation Columbus, OH | $119,634,869 | $20,893,833 |
Charitable Pharmacy Of Central Ohio Columbus, OH | $4,066,781 | $13,066,074 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Dismas Charities Properties Inc Louisville, KY | $71,077,691 | $7,449,643 |
Higley Fund Of The Cleveland Foundation Cleveland, OH | $45,795,016 | $3,866,437 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
William T And Frances A Little Foundation Kalamazoo, MI | $11,702,405 | $13,614,004 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |