Overview
What is Farrr Foundation Inc?
The Farrr Foundation Inc is a nonprofit organization devoted to ministry work in the United States and India. Their primary mission involves contributing to the betterment of underprivileged individuals by providing essential resources such as food and shelter. As a philanthropic entity, they engage in fundraising activities and distribute funds to support their initiatives. The foundation embodies the principles of voluntarism and grantmaking, working tirelessly to uplift communities in need through their charitable programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Farrr Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating overall effectiveness and reliability in its operations. The charity exhibits strong accountability and finance practices, highlighted by an impressive accountability score of 74%, with no recorded material diversion of assets and a robust working capital ratio. The foundation has also successfully maintained a high level of independence among its board members.
In terms of organizational culture, the Farrr Foundation excels, achieving a perfect score of 100 in the Culture & Community category. This reflects their commitment to incorporating feedback from the community and utilizing that feedback effectively. Their equity strategies and community engagement are also notable strengths, demonstrating a dedicated focus on inclusivity and responsiveness.
However, the areas of leadership and adaptability received a lower score of 10%, indicating potential room for growth. While the foundation's strategy and leadership scores are high, there may be challenges in adapting to changing situations or new initiatives. Overall, the Farrr Foundation Inc shows strong financial health and community engagement, though it may benefit from enhanced leadership dynamics.
This AI summary has been generated from information found on Charity Navigator.
Is Farrr Foundation Inc legitimate?
Farrr Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farrr Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $48,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Farrr Foundation Inc?
The Farrr Foundation's mission involves engaging in ministry work, primarily focusing on addressing the needs of the underprivileged in both the USA and India. In its capacity as a philanthropic organization, it raises funds and distributes them to facilitate the provision of food and shelter for those in need. The foundation operates as a grantmaking entity, further supporting its mission through voluntarism and fundraising activities. Its mission is centered around alleviating hardships and making a positive impact in the lives of the less fortunate.
Who is the CEO of Farrr Foundation Inc?
Finny Mathew is the President of Farrr Foundation Inc.
What is the revenue of Farrr Foundation Inc?
Farrr Foundation Inc's revenue in 2022 was $1,456,560.
Who are the executives of Farrr Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Farrr Foundation Inc?
Farrr Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farrr Foundation Inc
The Farrr Foundation, a philanthropic organization, is dedicated to carrying out ministry work in both the United States and India. Its primary mission is to contribute towards providing essentials such as food and shelter for individuals in need. Operating as a grantmaking foundation, it raises funds and distributes them to support various programs aimed at aiding the less fortunate. The Farrr Foundation functions as a platform for voluntarism, encouraging individuals to participate in charitable activities and contribute to society's betterment.
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Impact
August, 2024
Farrr Foundation Inc's impact includes providing food and shelter for the needy through its ministry work in the USA and India. The foundation's programs contribute to addressing the basic needs of vulnerable populations, demonstrating a commitment to philanthropy and voluntarism. This impact extends to both local communities in the USA and those in need in India, showcasing a dedication to fund raising and distributing resources for the betterment of individuals in challenging circumstances.
This information is meant to be a general summary of Farrr Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $28,819
- Gross Receipts: $1,456,560
Assets and Liabilities:
- Total Assets: $1,797,744
- Total Liabilities: $913,069
- Net Assets: $884,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMS
Revenue
$28,819
Organization Details
Founding Year
2007
Phone
(434) 426-6787Principal Officer
Finny Mathew
Main Address
1310 CHURCH ST, LYNCHBURG, VA, 24504
NTEE Category
Code: T12 - Philanthropy
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