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Nonprofiteer
← FARMHOUSE FOUNDATION

Form 990 for tax year 2023

Filed by FARMHOUSE FOUNDATION.

Totals

Total revenue
$3,658,075
Total expenses
$2,618,394
Contributions and grants received
$3,184,074
Grants paid
$1,762,387
Program service revenue
$0
Investment income
$474,001
Other revenue
$0
Total assets, end of year
$28,647,171
Total liabilities, end of year
$450,716
Net assets or fund balances, end of year
$28,196,455
Program services expenses (Part IX)
$1,895,037
Management and general expenses
$246,720
Fundraising expenses
$476,637
Program service expenses (Part III)
$1,895,037

Program services were 72.4% 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.

  • 1f · All other contributions, gifts and grants

    $3,184,074

  • 3 · Investment income

    total $474,001 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,527,045 · program services $1,527,045

  • 2 · Grants to domestic individuals

    total $235,342 · program services $235,342

  • 5 · Compensation of officers, directors and key employees

    total $186,966 · program services $34,849 · management and general $58,634 · fundraising $93,483

  • 7 · Other salaries and wages

    total $216,949 · program services $40,439 · management and general $68,035 · fundraising $108,475

  • 8 · Pension plan contributions

    total $29,990 · program services $5,589 · management and general $9,406 · fundraising $14,995

  • 9 · Other employee benefits

    total $42,612 · program services $7,942 · management and general $13,364 · fundraising $21,306

  • 10 · Payroll taxes

    total $32,305 · program services $6,021 · management and general $10,132 · fundraising $16,152

  • 11g · Fees: other

    total $86,863 · program services $16,190 · management and general $27,241 · fundraising $43,432

  • 13 · Office expenses

    total $41,167 · program services $7,673 · management and general $12,910 · fundraising $20,584

  • 16 · Occupancy

    total $25,756 · program services $4,801 · management and general $8,077 · fundraising $12,878

  • 17 · Travel

    total $22,963 · program services $0 · management and general $0 · fundraising $22,963

  • 19 · Conferences, conventions and meetings

    total $25,715 · program services $4,794 · management and general $8,064 · fundraising $12,857

  • 22 · Depreciation, depletion and amortization

    total $4,959 · program services $924 · management and general $1,557 · fundraising $2,478

  • 23 · Insurance

    total $18,393 · program services $3,428 · management and general $5,768 · fundraising $9,197

  • 24a · Other expenses: PRINTING AND PUBLICATIONS

    total $76,316 · program services $0 · management and general $0 · fundraising $76,316

  • 24b · Other expenses: LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE

    total $23,532 · program services $0 · management and general $23,532 · fundraising $0

  • 24c · Other expenses: POSTAGE AND SHIPPING

    total $13,826 · program services $0 · management and general $0 · fundraising $13,826

  • 24d · Other expenses: DONOR RECOGNITION

    total $7,695 · program services $0 · management and general $0 · fundraising $7,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,243,681 · end of year $3,538,843

  • 3 · Pledges and grants receivable

    beginning of year $4,943,504 · end of year $5,158,965

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,212,035 · end of year $1,077,656

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,452 · end of year $5,345

  • 10a · Land, buildings and equipment: cost or other basis

    $37,044

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,903

  • 10c · Land, buildings and equipment, net

    beginning of year $14,100 · end of year $9,141

  • 11 · Investments: publicly traded securities

    beginning of year $15,516,653 · end of year $18,382,424

  • 12 · Investments: other securities

    beginning of year $124,094 · end of year $135,210

  • 15 · Other assets

    beginning of year $357,956 · end of year $339,587

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,102 · end of year $93,702

  • 25 · Other liabilities

    beginning of year $394,457 · end of year $357,014

  • 27 · Net assets without donor restrictions

    beginning of year $6,751,047 · end of year $7,683,603

  • 28 · Net assets with donor restrictions

    beginning of year $18,184,869 · end of year $20,512,852

Mission and programs · 2023

Mission

THE FARMHOUSE FOUNDATION IS A 501(C)(3) PUBLIC EDUCATIONAL FOUNDATION, ORGANIZED IN 1965 AS A TRUST, TO SUPPORT THE FRATERNITY AND ITS HIGH STANDARDS OF SCHOLARSHIP, CHARACTER, PERSONAL GROWTH, UNITY AND LEADERSHIP AMONG MEMBERS OF FARMHOUSE FRATERNITY, INC. THE FOUNDATIONS MISSION IS TO CULTIVATE DONOR PASSION AND SUPPORT TO ADVANCE FARMHOUSE FRATERNITYS MISSION AND HELP MEMBERS ACHIEVE EXCELLENCE.

  • HOUSING - GRANTS MADE FOR THE CONSTRUCTION, RENOVATION AND FURNISHING OF THE DESIGNATED EDUCATIONAL PORTIONS OF CHAPTER HOUSES ON 12 CAMPUSES.

    Expenses $985,977 · Grants $985,977

  • LEADERSHIP, PEOPLE SKILLS AND FINANCIAL MANAGEMENT TRAINING; THE UNDERWRITING AND SUPPORT OF STUDENTS ATTENDANCE AT LEADERSHIP PROGRAMS, SEMINARS AND INSTITUTES LOCATED THROUGHOUT THE COUNTRY. PROGRAMMING FOCUSES ON GENERAL LEADERSHIP SKILLS AND TOOLS, ETHICS AND ETHICALLY BASED DECISION MAKING, COMMUNITY SERVICE AND PHILANTHROPY, HEALTHY LIFESTYLES, COMMUNICATION, CONFLICT RESOLUTION, TEAM DYNAMICS AND STUDY SKILLS. OVER 400 CHAPTER MEMBERS BENEFITED DIRECTLY, AND ALL 1,455 MEMBERS BENEFITED INDIRECTLY.

    Expenses $506,439 · Grants $506,439

  • SCHOLARSHIPS - PROVIDED FINANCIAL SUPPORT TO INDIVIDUALS PURSUING A DEGREE AT AN INSTITUTE OF HIGHER EDUCATION. THE SELECTION CRITERIA IS BASED ON ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND EVIDENCE OF FINANCIAL NEED. PROVIDED SCHOLARSHIPS TO 213 FARMHOUSE UNDERGRADUATES.

    Expenses $235,342 · Grants $235,342

  • IN PROGRAM SERVICES FOR THE FOUNDATION STAFF TO ADMINISTER THE EDUCATIONAL GRANTS IN SUPPORT OF THE INTERNATIONAL FRATERNITY, CHAPTERS, ASSOCIATIONS AND INDIVIDUAL MEMBERS.

    Expenses $132,650 · Grants $132,650

  • COMPUTER TECHNOLOGY - COMPUTERS AND AFFILIATED TECHNOLOGY FOR CHAPTER HOUSES; GRANTS WERE MADE TO 1 CHAPTERS, ASSOCIATIONS AND THE INTERNATIONAL FRATERNITY FOR IN-HOUSE COMPUTERS AND TECHNOLOGY, AFFECTING NEARLY ALL CHAPTER MEMBERS DIRECTLY.

    Expenses $2,554 · Grants $2,554

  • RESEARCH - PROVIDED GRANTS FOR RESEARCH INITIATIVES TO HELP INFORM DATA-DECISION MAKING FOR FARMHOUSE FRATERNITYS EDUCATIONAL PROGRAMS, DEMONSTRATE THE POSITIVE IMPACT OF FRATERNITY AND ADVANCE THE ORGANIZATIONS MISSION.

    Expenses $32,075 · Grants $32,075

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric T Thurber

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Bryce Freeman

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    4

  • Charles M Oellermann

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Lloyd A Bettis

    FUNDRAISING CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Brian N Woolley

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Darren Havens

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Scott D Nagel

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rick Berg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • L Craig Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jim Hericks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chris Wetzell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Donald Buhl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Wittrock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • W Nate Eckloff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dwight D Raab

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jon Dobson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jon Jarvis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Pete Weisenberger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Allison Rickels

    EXECUTIVE DIRECTOR & CEO

    Total calculated
    $180,810
    From this org
    $180,810
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,216
    Bonus
    $29,750
    Other
    $0
    Deferred
    $14,653
    Nontaxable benefits
    $9,845
    Filer's total
    $211,464

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.

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
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202412959349301121

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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