Faraway Foundation
- Assets
- $5.1m
- Revenue
- $174.3k
- Investments
- $3.3m
- Employees
- 0
- Location
- Tetonia, ID
- Founding
- 08/1992
- Data as of
- 10/2023
- EIN
- 84-1194394
Organization Overview
Faraway Foundation is located in Tetonia, ID. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faraway 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 10/2023, Faraway Foundation generated $174.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $283.0k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Faraway Foundation has awarded 101 individual grants totaling $654,562. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVE ACTION TO EVOLVE OUR DEMOCRACY WILL REQUIRE INFRASTRUCTURE AND SUPPORT TO ACHIEVE MEASURABLE GOALS, TO TRACK PROGRESS, TO PROVIDE COMMUNICATION AND OPPORTUNITIES TO COLLABORATE ACROSS ORGANIZATIONS. ITS TIME NETWORK IS CREATING NEW TOOLS AND AN ORGANIZING PLATFORM TO SUPPORT AN INTEGRATED NATIONAL MOVEMENT TO EVOLVE DEMOCRACY FOR THE PEOPLE. THE GUIDE TO EVOLVING DEMOCRACY WILL BE THE FIRST COMPREHENSIVE INVENTORY OF ISSUES AND ORGANIZATIONS WORKING ON A WIDE ARRAY OF DEMOCRACY REFORMS UNDER CONSIDERATION IN THE UNITED STATES. THE GUIDE WILL SERVE AS A TOOLKIT WITH READILY ACCESSIBLE RESOURCES, RECOMMENDATIONS, MODELS AND OVERVIEWS OF THE CHALLENGES BEING ADDRESSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Hall Mckinney Pres. & Treas. | 1 | $0 | |
Ulli Sir Jesse Secretary | 1 | $0 | |
John Mckinney Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carrie Norton | 10/30/17 | $126,950 |
Christine Switzer | 10/30/17 | $110,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $128,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,588 |
| Capital Gain Net Income | $48,588 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,596 |
| Total Revenue | $174,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,111 |
| Printing and publications | $0 |
| Other expenses | $4,382 |
| Total operating and administrative expenses | $52,572 |
| Contributions, gifts, grants paid | $230,423 |
| Total expenses and disbursements | $282,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,753 |
| Savings and temporary cash investments | $1,270,587 |
| 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 | $3,266,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $590,499 |
| Total assets | $5,129,188 |
| 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, Faraway Foundation has awarded $230,423 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN'S DONOR NETWORK PURPOSE: GENERAL SUPPORT | $40,000 |
HABITAT FOR HUMANITY PURPOSE: GENERAL SUPPORT | $1,000 |
TELLURIDE INSTITUTE TIBET FUND PURPOSE: GENERAL SUPPORT | $5,000 |
TANZANIA WELL PROJECT PURPOSE: GENERAL SUPPORT | $10,000 |
WESTER CO FRIENDS OF THE HIMALAYAS PURPOSE: GENERAL SUPPORT | $1,000 |
RIDGWAY OURAY COMMUNITY COUNCIL PURPOSE: GENERAL SUPPORT | $1,021 |