Faranhyll Foundation Inc
- Assets
- $248.2k
- Revenue
- -$37.6k
- Investments
- $238.0k
- Employees
- 0
- Location
- Glenwood Springs, CO
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 84-1217751
Organization Overview
Faranhyll Foundation Inc is located in Glenwood Springs, CO. The organization was established in 1993. 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. Faranhyll Foundation 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 12/2021, Faranhyll Foundation Inc generated -$37.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $56.3k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED MINISTRY EFFORTS FOR THE PURPOSE OF ADVANCING THE GOSPEL OF JESUS CHRIST, TO INCLUDE MENTORING BUSINESS PEOPLE TO LIVE OUT THEIR FAITH IN THE MARKETPLACE AND HELPING NEW COMPANIES DEVELOP THEIR CORPORATE VALUE SYSTEM. INCLUDES CONSULTING SERVICES, LEADING BIBLE STUDIES, COACHING AND STRATEGY OBJECTIVES, OUTREACH, AND EVANGELISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Williams President | 40 | $24,000 | |
Kathy Williams Secretary/treasurer | 40 | $24,000 | |
Matthew Williams Board Member | 0 | $0 | |
Regan Williams Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,978 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$37,595 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $188 |
| Other expenses | $0 |
| Total operating and administrative expenses | $56,293 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $56,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,114 |
| 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 | $238,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $248,151 |
| 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 |
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