FARMHOUSE FOUNDATION

EIN: 366111880 501(c)(3)

KANSAS CITY, MO

Total Revenue
$3,658,075
Total Expenses
$2,618,394
Total Assets
$28,647,171
Net Assets
$28,196,455
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MO
Principal Officer
ALLISON RICKELS
Phone
8168919445
Tax Period
2023-07-01 to 2024-06-30

FARMHOUSE FOUNDATION, founded in 1965, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 28% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $985,977 Revenue: $0

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

Program 2
Expenses: $506,439 Revenue: $0

LEADERSHIP, PEOPLE SKILLS AND FINANCIAL MANAGEMENT TRAINING; THE UNDERWRITING AND SUPPORT OF STUDENTS ATTENDANCE AT LEADERSHIP PROGRAMS, SEMINARS AND INSTITUTES LOCATED THROUGHOUT THE COUNTRY...

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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.

Program 3
Expenses: $235,342 Revenue: $0

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,184,074
Program Service Revenue $0
Investment Income $474,001
Other Revenue $0
TOTAL REVENUE $3,658,075

Expense Breakdown

Grants Paid $1,762,387
Salaries & Benefits $508,822
Fundraising Expenses $476,637
Program Expenses $1,895,037
Other Expenses $347,185
TOTAL EXPENSES $2,618,394

Year-over-Year Comparison

2023 2022 Change
Revenue $3,658,075 $3,182,749 +0.1%
Expenses $2,618,394 $3,872,185 -0.3%
Net Income $1,039,681 $-689,436 -2.5%
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
19
Independent Members
18
Employees
5
Volunteers
25

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
5
$0
Total Directors
19
$180,810
Key Employees
1
$180,810
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC T THURBER CHAIRMAN 5.00
Officer Director
$0 $0 $0
BRYCE FREEMAN CHAIR-ELECT 4.00
Officer Director
$0 $0 $0
CHARLES M OELLERMANN FINANCE CHAIR 4.00
Officer Director
$0 $0 $0
LLOYD A BETTIS FUNDRAISING CHAIR 4.00
Officer Director
$0 $0 $0
BRIAN N WOOLLEY GOVERNANCE CHAIR 4.00
Officer Director
$0 $0 $0
DARREN HAVENS AUDIT COMMITTEE CHAIR 4.00
Director
$0 $0 $0
SCOTT D NAGEL PAST CHAIR 2.00
Director
$0 $0 $0
RICK BERG BOARD MEMBER 2.00
Director
$0 $0 $0
L CRAIG HARRIS BOARD MEMBER 2.00
Director
$0 $0 $0
JIM HERICKS BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS WETZELL BOARD MEMBER 2.00
Director
$0 $0 $0
DONALD BUHL BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN WITTROCK BOARD MEMBER 2.00
Director
$0 $0 $0
W NATE ECKLOFF BOARD MEMBER 2.00
Director
$0 $0 $0
DWIGHT D RAAB BOARD MEMBER 2.00
Director
$0 $0 $0
JON DOBSON BOARD MEMBER 2.00
Director
$0 $0 $0
JON JARVIS BOARD MEMBER 2.00
Director
$0 $0 $0
PETE WEISENBERGER BOARD MEMBER 2.00
Director
$0 $0 $0
ALLISON RICKELS EXECUTIVE DIRECTOR & CEO 40.00
Director Key Emp
$180,810 $0 $180,810
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 No data No data No data No data
2024 $3,658,075 $2,618,394 $28,647,171 $1,039,681
2023 $3,182,749 $3,872,185 $25,418,475 $-689,436
2022 $5,264,185 $2,310,288 $24,623,471 $2,953,897
2021 $4,419,067 $2,165,299 $24,632,413 $2,253,768
2020 $2,250,666 $3,492,188 $20,934,487 $-1,241,522
2019 $4,115,206 $4,180,691 $21,167,614 $-65,485
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