Farrr Foundation INC: FY2022 Nonprofit Profile & Form 990 (EIN 20-1592668)

Revenue by fiscal year
FY2020	$231K
FY2021	$284K
FY2022	$1.5M
FY2023	$3.9M
FY2024	$3.6M
FY2025	$4.9M

Expenses by fiscal year
FY2020	$156K
FY2021	$152K
FY2022	$1.4M
FY2023	$3.9M
FY2024	$3.6M
FY2025	$4.4M

Net assets by fiscal year
FY2020	$321K
FY2021	$389K
FY2022	$885K
FY2023	$4.1M
FY2024	$4.2M
FY2025	$4.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

67%

31%

Program services 67% · $911K Management & general 31% · $424K Fundraising 2% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation

Finny Mathew

President

$0Pt VII · Sec A

Martha Brown

Secretary

$0Pt VII · Sec A

Prasad Mathew

Director

$0Pt VII · Sec A

Nicholas West

Director

$0Pt VII · Sec A

Bishop James E Colman JR

Director

$0Pt VII · Sec A

Patrick Franklin

Director

$0Pt VII · Sec A

Terrick Moyer

Director of Operations

$0Pt VII · Sec A

Bishop Dwight Butler

Director

$0Pt VII · Sec A

See Farrr Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides ministry work in the USA and India.

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Provided by the organization

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1 program · $911K · in their own filed words · FY2022

01

Contributions to provide food and shelter for the needy

$911Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$125K

Mental Health America INCFY2024$68K

Blue Ridge Area Food Bank INCFY2024$6K

Total grants receivedfrom 3 funders$199K

See all 3 funders →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.5M

Ln 12

Gifts and grantsLn 1h$1.4M

Other incomeLn 4–11$30K

Fees for servicesLn 2g$29K

Money outPt IX

$1.4M

Ln 25

Programscol B$911K

Managementcol C$424K

Fundraisingcol D$27K

Owns and owesPt X

$885K

net assets · Ln 32

Cash and savingsLn 1–2$58K

Total assetsLn 16$1.8M

LiabilitiesLn 26$913K

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.4M

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$29K

Other incomeLn 4–11$30K

Total revenueLn 12$1.5M

Assets in detailPt X, end of year

CashLn 1$58K

Cash and savings togetherLn 1–2$58K

Land, buildings, equipmentLn 10c$938K

Other assetsLn 15$31K

Total assetsLn 16$1.8M

LiabilitiesLn 26$913K

Net assetsLn 32$885K

OperationsPt I, VI

EmployeesI 511

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$30K	$58K
Land, buildings, equipmentLn 10c	$295K	$938K
Total assetsLn 16	$798K	$1.8M
LiabilitiesLn 26	$409K	$913K
Net assetsLn 32	$389K	$885K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$48K	$24K	$24K	$0
Legal feesLn 11b	$0	$0	$0	$0
Advertising and promotionLn 12	$27K	$27K	$0	$0
Office expensesLn 13	$46K	$0	$46K	$0
OccupancyLn 16	$11K	$0	$11K	$0
InterestLn 20	$19K	$0	$19K	$0
Depreciation, depletion and amortizationLn 22	$9K	$0	$9K	$0
InsuranceLn 23	$30K	$0	$30K	$0
Other expenses (24a–d)Ln 24	$88K	$0	$88K	$0
All other expensesLn 24e	$1.1M	$859K	$197K	$27K
Total functional expensesLn 25	$1.4M	$911K	$424K	$27K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$4.9M	$4.4M	$450K	$4.8M	990 PDF
FY2024	$3.6M	$3.6M	$74K	$4.2M	990 PDF
FY2023	$3.9M	$3.9M	$66K	$4.1M	990 PDF
FY2022 Viewing	$1.5M	$1.4M	$95K	$885K	990 PDF
FY2021	$284K	$152K	$132K	$389K	990 PDF
FY2020	$231K	$156K	$75K	$321K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $1,456,560 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $277,894$1,397,889

I-9 Program service revenue$28,819

I-10 Investment income$0

I-11 Other revenuePrior year $6,555$29,852

I-12 Total revenuePrior year $284,449$1,456,560

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$48,000

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $152,100$1,313,970

I-18 Total expensesPrior year $152,100$1,361,970

I-19 Revenue less expensesPrior year $132,349$94,590

Part VI · Governance 11 of 13 board members independent, 4 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members11

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $1,456,560 across 7 lines filed

VIII-1c Fundraising events$0

VIII-1f All other contributions, gifts and grants$1,397,889

VIII-1h Total contributions, gifts and grants$1,397,889

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $28,819 · Excluded from tax $0$28,819

VIII-6 Net rental income or lossUnrelated business $27,500$27,500

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $2,352 · Excluded from tax $0$2,352

VIII-12 Total revenueRelated to mission $0 · Unrelated business $58,671 · Excluded from tax $0$1,456,560

Part IX · Statement of functional expenses $1,361,970 across 10 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $24,000 · Management $24,000 · Fundraising $0$48,000

IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0

IX-12 Advertising and promotionPrograms $27,195 · Management $0 · Fundraising $0$27,195

IX-13 Office expensesPrograms $0 · Management $45,962 · Fundraising $0$45,962

IX-16 OccupancyPrograms $0 · Management $10,790 · Fundraising $0$10,790

IX-20 InterestPrograms $0 · Management $18,920 · Fundraising $0$18,920

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $9,200 · Fundraising $0$9,200

IX-23 InsurancePrograms $0 · Management $29,978 · Fundraising $0$29,978

IX-24 Other expenses (24a–d)Programs $0 · Management $88,382 · Fundraising $0$88,382

IX-24e All other expensesPrograms $859,440 · Management $196,850 · Fundraising $27,253$1,083,543

IX-25 Total functional expensesPrograms $910,635 · Management $424,082 · Fundraising $27,253$1,361,970

Part X · Balance sheet $1,797,744 assets, 10 lines filed

Asset lines not itemized here account for $615,842; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $30,443$57,521

X-4 Accounts receivableStart of year $1,947$154,606

X-10c Land, buildings and equipment, netStart of year $294,674$938,329

X-15 Other assets$31,446

X-16 Total assetsStart of year $798,016$1,797,744

X-17 Accounts payable and accrued expensesStart of year $7,685$4,254

X-24 Unsecured notes and loans payableStart of year $315,300$654,707

X-26 Total liabilitiesStart of year $408,900$913,069

X-32 Total net assets or fund balancesStart of year $389,116$884,675

X-33 Total liabilities and net assetsStart of year $798,016$1,797,744

Part XI · Reconciliation of net assets $884,675 net assets at year end

XI-1 Total revenue$1,456,560

XI-2 Total expenses$1,361,970

XI-3 Revenue less expenses$94,590

XI-4 Net assets at start of year$389,116

XI-10 Net assets at end of year$884,675

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Farrr Foundation INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Farrr Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV