FARR FOUNDATION INC

EIN: 043364089 501(c)(3)

CAMBRIDGE, MA

Total Revenue
$78,022
Total Expenses
$20,501
Total Assets
$2,773,145
Net Assets
$2,773,145
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
MICHAEL T CULHANE
Phone
6174972620
Tax Period
2024-07-01 to 2025-06-30

FARR FOUNDATION INC is a 501(c)(3) with EIN 043364089, based in CAMBRIDGE, MA. Founded in 1997, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $78,022 in total revenue and $20,501 in total expenses, with net assets of $2,773,145.

Mission

PROVIDE FINANCIAL SUPPORT TO JAMES F. FARR ACADEMY, A 501(C)(3) ORGANIZATION THAT PROVIDES EDUCATIONAL AND RESIDENTIAL SERVICES TO CHILDREN AND YOUNG ADULTS WITH EMOTIONAL, BEHAVIORAL AND LEARNING DISABILITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,800
Program Service Revenue $0
Investment Income $73,222
Other Revenue $0
TOTAL REVENUE $78,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $20,501
TOTAL EXPENSES $20,501

Year-over-Year Comparison

2024 2023 Change
Revenue $78,022 $90,675 -0.1%
Expenses $20,501 $25,831 -0.2%
Net Income $57,521 $64,844 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HUEBSCHER TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL T CULHANE C.E.O. AND TREASURER 0.50
Officer
$0 $0 $0
BONNIE K CULHANE CLERK 0.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $78,022 $20,501 $2,773,145 $57,521
2024 $90,675 $25,831 $2,510,460 $64,844
2023 $90,972 $19,235 $2,247,987 $71,737
2022 $34,557 $16,641 $2,078,336 $17,916
2021 $42,006 $8,715 $2,274,662 $33,291
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