Farmers Bank Foundation
- Assets
- $25.6k
- Revenue
- $187.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia, AR
- Founding
- Data as of
- 12/2022
- EIN
- 86-3563014
Organization Overview
Farmers Bank Foundation is located in Magnolia, AR. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Farmers Bank 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 12/2022, Farmers Bank Foundation generated $187.7k in total revenue. All expenses for the organization totaled $162.1k during the year ending 12/2022. While expenses have increased by 222.3% per year over the past 2 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.
Since 2021, Farmers Bank Foundation has awarded 23 individual grants totaling $157,504. 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 |
|---|---|---|---|
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Executive Director | 20 | $0 | |
Name Not Listed Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $187,678 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,000 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,135 |
| Contributions, gifts, grants paid | $141,927 |
| Total expenses and disbursements | $162,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,616 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,616 |
| 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, Farmers Bank Foundation has awarded $141,927 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
PARIS POLICE OFFICERS ASSOCIATION PURPOSE: GENERAL DONATION | $17,077 |
TEXARKANA COLLEGE FOUNDATION PURPOSE: DONATION TO PURCHASE ELECTRONIC SIGN | $14,200 |
ARKANSAS COMMUNITY FOUNDATION - HOPE LEGACY FUND PURPOSE: DONATION TOWARDS SCHOLARSHIPS AT THE DISCRETION OF HOPE PUBLIC SCHOOLS | $12,500 |
ORGANIZATION FOR YOUTH EDUCATION IN AGRICULTURE (OYEA) PURPOSE: DONATION TO PURCHASE A AGRICULTURE TRAILER | $12,500 |
MAGNOLIA FIRE DEPARTMENT PURPOSE: A DONATION TO PURCHASE EQUIPMENT FOR TRUCK | $10,000 |
UNIVERSITY OF ARKANSAS HOPE-TEXARKANA FOUNDATION PURPOSE: DONATION TO CONSTRUCT A WORKFORCE DEVELOPMENT SCHOOL | $10,000 |