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Nonprofiteer
← FAMCO

Form 990 for tax year 2024

Filed by FAMCO.

Totals

Total revenue
$771,237
Total expenses
$133,776
Contributions and grants received
$0
Grants paid
$100,000
Program service revenue
$0
Investment income
$766,537
Other revenue
$4,700
Total assets, end of year
$18,883,799
Total liabilities, end of year
$460,000
Net assets or fund balances, end of year
$18,423,799
Program services expenses (Part IX)
$100,804
Management and general expenses
$32,972
Fundraising expenses
$0
Program service expenses (Part III)
$100,804

Program services were 75.4% 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.

  • 3 · Investment income

    total $766,537 · excluded $766,537

  • 11d · All other revenue

    total $4,700 · related or exempt $4,700

  • 11e · Other revenue, total

    $4,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 11c · Fees: accounting

    total $8,736 · management and general $8,736

  • 11g · Fees: other

    total $12,000 · management and general $12,000

  • 13 · Office expenses

    total $12,236 · management and general $12,236

  • 24a · Other expenses: TAXES

    total $804 · program services $804

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $495,684 · end of year $370,014

  • 2 · Savings and temporary cash investments

    beginning of year $17,205,022 · end of year $13,536,825

  • 5 · Loans and receivables from officers and key people

    beginning of year $460,000 · end of year $460,000

  • 11 · Investments: publicly traded securities

    end of year $4,516,960

  • 25 · Other liabilities

    beginning of year $468,700 · end of year $460,000

  • 27 · Net assets without donor restrictions

    beginning of year $17,692,006 · end of year $18,423,799

Mission and programs · 2024

Mission

TO HOLD AND MAINTAIN PROPERTIES FOR THE EXCLUSIVE BENEFIT OF PARK BIXBY TOWER, INC., A RELATED NON-PROFIT RELIGIOUS CORPORATION

Activities or mission (Part I)

FAMCO WAS ESTABLISHED PERSUANT TO FREDDIEMAC REGULATIONS AS A SEPARATE ENTITY TO HOLD REAL ESTATE PROPERTIES FOR THE EXCLUSIVE BENEFIT OF PARK BIXBY TOWER, INC.

  • FAMCO HOLDS PROPERTIES ON BEHALF OF PARK BIXBY TOWER, INC., A RELATED ORGANIZATION.

    Expenses $100,804 · Grants $100,000 · Revenue $4,700

As filed on the 2024 return.

Listed in Part VII

  • Russel Wylie

    CHAIRMAN/DIRECTOR

    Total calculated
    $331,377
    From this org
    $0
    From related orgs
    $269,844
    Other
    $61,533
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,988 related
    Bonus
    $0
    Other
    $0 + $11,856 related
    Deferred
    $0 + $46,716 related
    Nontaxable benefits
    $0 + $14,817 related
    Filer's total
    $0 + $331,377 related

  • Michael Wylie

    PRESIDENT/DIRECTOR

    Total calculated
    $311,865
    From this org
    $0
    From related orgs
    $238,267
    Other
    $73,598
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,267 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,528 related
    Nontaxable benefits
    $0 + $32,070 related
    Filer's total
    $0 + $311,865 related

  • Mark Dunn

    DIRECTOR

    Total calculated
    $19,350
    From this org
    $0
    From related orgs
    $19,350
    Other
    $0
    Hours/week
    1 + 1 related

  • Lois Richey

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $0
    From related orgs
    $3,750
    Other
    $0
    Hours/week
    1 + 1 related

  • William Haley

    TREASURER/DIRECTOR

    Total calculated
    $3,750
    From this org
    $0
    From related orgs
    $3,750
    Other
    $0
    Hours/week
    1 + 5 related

  • Michael Willcoxon

    SECRETARY/DIRECTOR

    Total calculated
    $19,350
    From this org
    $0
    From related orgs
    $19,350
    Other
    $0
    Hours/week
    1 + 1 related

  • Thaddeus Wojcik

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $0
    From related orgs
    $3,750
    Other
    $0
    Hours/week
    1 + 1 related

  • Matthew Wylie

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $0
    From related orgs
    $3,750
    Other
    $0
    Hours/week
    1 + 1 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 February 2026
IRS schema version
2024v5.5
Source object
202640449349300824

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