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← FARMERS CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by FARMERS CHARITABLE FOUNDATION.

Totals

Total revenue
$7,145,328
Total expenses
$499,740
Contributions and grants received
$7,190,811
Grants paid
$452,365
Program service revenue
$0
Investment income
-$45,483
Other revenue
$0
Total assets, end of year
$8,349,905
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,349,905
Program services expenses (Part IX)
$452,365
Management and general expenses
$47,375
Fundraising expenses
$0
Program service expenses (Part III)
$452,365

Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,190,811

  • 1g · Noncash contributions included above

    $624,811

  • 3 · Investment income

    total $128,594 · excluded $128,594

  • 7a · Gross sales of assets other than inventory

    securities $2,812,667

  • 7b · Less cost or other basis and sales expenses

    securities $2,986,744

  • 7c · Gain or loss

    securities -$174,077

  • 7d · Net gain or loss

    total -$174,077 · excluded -$174,077

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $452,365 · program services $452,365

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11f · Fees: investment management

    total $41,840 · management and general $41,840

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $292 · management and general $292

  • 24b · Other expenses: FILINGS FEES

    total $200 · management and general $200

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $43 · management and general $43

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $219,369 · end of year $812,536

  • 11 · Investments: publicly traded securities

    beginning of year $2,185,046 · end of year $7,537,369

  • 27 · Net assets without donor restrictions

    beginning of year $2,277,426 · end of year $8,209,464

  • 28 · Net assets with donor restrictions

    beginning of year $126,989 · end of year $140,441

Mission and programs · 2022

Mission

THE MISSION AND PURPOSE OF THE CORPORATION IS TO BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), INCLUDING, IN FURTHERANCE OF SUCH PURPOSES, BUT WITHOUT LIMITATION THEREON, HOLDING, INVESTING, AND ADMINISTERING ASSETS RECEIVED AS CHARITABLE GIFTS, BEQUESTS, AND CONTRIBUTIONS AND USING SUCH ASSETS OR THE INCOME THEREFROM BY MAKING GRANTS AND OTHER DISTRIBUTIONS TO FACILITATE, SUPPORT, AND INCREASE CHARITABLE ACTIVITIES IN THE FOLLOWING AREAS: HEALTH AND HUMAN SERVICES; CHILDREN, YOUTH, AND FAMILIES; SOCIAL WELFARE; EDUCATION; SCIENTIFIC RESEARCH; CULTURE, ARTS, AND HUMANITIES; RELIGION; CIVIC AND COMMUNITY AFFAIRS; ENVIRONMENT; WILDLIFE AND ANIMALS; AND OTHER CHARITABLE ACTIVITIES THAT SUPPORT CAUSES WHICH REPRESENT THE PHILANTHROPIC WISHES OF DONORS OF FARMERS CHARITABLE FOUNDATION.

  • MADE GRANTS TO CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS IN FURTHERANCE OF EACH RECIPIENT'S EXEMPT PURPOSE. (OVER FORTY ORGANIZATIONS RECEIVED GRANTS IN 2022.)

    Expenses $452,365 · Grants $452,365

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEVIN HELMICK

    CHAIRMAN

    Total calculated
    $1,792,304
    From this org
    $0
    From related orgs
    $1,764,663
    Other
    $27,641
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $1,764,663 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,641 related
    Filer's total
    $0 + $1,792,304 related

  • MARK GRAHAM THRU 42022

    VICE CHAIRMAN

    Total calculated
    $213,602
    From this org
    $0
    From related orgs
    $213,602
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $213,602 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $213,602 related

  • CARL CULP

    TREASURER

    Total calculated
    $384,282
    From this org
    $0
    From related orgs
    $384,282
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $384,282 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $384,282 related

  • AMBER WALLACE SOUKENIK

    SECRETARY

    Total calculated
    $541,565
    From this org
    $0
    From related orgs
    $525,029
    Other
    $16,536
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $525,029 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,536 related
    Filer's total
    $0 + $541,565 related

  • MARK WENICK

    DIRECTOR

    Total calculated
    $716,755
    From this org
    $0
    From related orgs
    $696,234
    Other
    $20,521
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $696,234 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,521 related
    Filer's total
    $0 + $716,755 related

  • TROY ADAIR

    DIRECTOR

    Total calculated
    $508,277
    From this org
    $0
    From related orgs
    $483,845
    Other
    $24,432
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $483,845 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,432 related
    Filer's total
    $0 + $508,277 related

  • JAMES GASIOR AS OF 42022

    DIRECTOR

    Total calculated
    $826,250
    From this org
    $0
    From related orgs
    $798,736
    Other
    $27,514
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $798,736 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,514 related
    Filer's total
    $0 + $826,250 related

  • JUAN SANTIAGO AS OF 42022

    DIRECTOR

    Total calculated
    $85,535
    From this org
    $0
    From related orgs
    $66,388
    Other
    $19,147
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202341919349301009

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