Alberta B Farrington Foundation
- Assets
- $14.2m
- Revenue
- $348.0k
- Investments
- $14.2m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 86-0717723
Organization Overview
Alberta B Farrington Foundation is located in Scottsdale, AZ. 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. Alberta B Farrington 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 12/2023, Alberta B Farrington Foundation generated $348.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $835.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alberta B Farrington Foundation has awarded 144 individual grants totaling $2,233,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri J Cavanagh President | 20 | $110,500 | |
Michael Cavanagh Director | 1 | $500 | |
Jamie Hufford Director | 1 | $500 | |
Harry Cavanagh Jr Director | 1 | $500 | |
Jill Abert Secretary/treasurer | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $274,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,191 |
| Capital Gain Net Income | $73,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24 |
| Total Revenue | $348,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,678 |
| Interest | $0 |
| Taxes | $8,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $950 |
| Total operating and administrative expenses | $259,715 |
| Contributions, gifts, grants paid | $575,500 |
| Total expenses and disbursements | $835,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,003 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,220,006 |
| 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, Alberta B Farrington Foundation has awarded $575,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA ACADEMIC DECATHLON PURPOSE: ALL OF THE CONTRIBUTIONS ARE TO PUBLIC CHARITIES AND ARE GENERALLY NOT RESTRICTED AS TO USE. | $5,000 |
ARIZONA STATE UNIVERSITY PURPOSE: ALL OF THE CONTRIBUTIONS ARE TO PUBLIC CHARITIES AND ARE GENERALLY NOT RESTRICTED AS TO USE. | $20,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: ALL OF THE CONTRIBUTIONS ARE TO PUBLIC CHARITIES AND ARE GENERALLY NOT RESTRICTED AS TO USE. | $30,000 |
ARIZONA SCIENCE CENTER PURPOSE: ALL OF THE CONTRIBUTIONS ARE TO PUBLIC CHARITIES AND ARE GENERALLY NOT RESTRICTED AS TO USE. | $7,500 |
BANNER HEALTH FOUNDATION PURPOSE: ALL OF THE CONTRIBUTIONS ARE TO PUBLIC CHARITIES AND ARE GENERALLY NOT RESTRICTED AS TO USE. | $65,000 |
CAREER CONCEPTS FOR YOUTH PURPOSE: ALL OF THE CONTRIBUTIONS ARE TO PUBLIC CHARITIES AND ARE GENERALLY NOT RESTRICTED AS TO USE. | $37,000 |