FARRELL BOY FOUNDATION INC

EIN: 874487300 501(c)(3) Education

MANHASSET, NY

Total Revenue
$146,743
Total Expenses
$119,656
Total Assets
$736,024
Net Assets
$733,884
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Principal Officer
JAMES FARRELL
Phone
2032560672
Tax Period
2025-01-01 to 2025-12-31

FARRELL BOY FOUNDATION INC, founded in 2022, is a small nonprofit in the Education sector that reported $147K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $27K, a strong 18% operating margin.

Mission

THE MISSION OF THE FARRELL BOY FOUNDATION IS TO PROVIDE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO MAKE SCHOLARSHIP GRANTS, AND TO PROVIDE FUNDS FOR EDUCATIONAL ENDEAVORS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $121,311
Program Service Revenue $0
Investment Income $25,432
Other Revenue $0
TOTAL REVENUE $146,743

Expense Breakdown

Grants Paid $84,000
Salaries & Benefits $0
Fundraising Expenses $24,424
Program Expenses $84,000
Other Expenses $35,656
TOTAL EXPENSES $119,656

Year-over-Year Comparison

2025 2024 Change
Revenue $146,743 $157,964 -0.1%
Expenses $119,656 $66,816 +0.8%
Net Income $27,087 $91,148 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES FARRELL BOARD MEMBER 1.00
Director
$0 $0 $0
ELENE FARRELL BOARD MEMBER 20.00
Director
$0 $0 $0
DOMINIC SORRESSO BOARD MEMBER 25.00
Director
$0 $0 $0
DAN BARRY BOARD MEMBER 5.00
Director
$0 $0 $0
TIMOTHY FARRELL BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHEN FARRELL BOARD MEMBER 1.00
Director
$0 $0 $0
DAN KEATING BOARD MEMBER 3.00
Director
$0 $0 $0
MARCELLA CREWE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MASTANDO BOARD MEMBER 1.00
Director
$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 $146,743 $119,656 $736,024 $27,087
2024 $157,964 $66,816 $708,799 $91,148
2023 $273,117 $149,649 $617,650 $123,468
2022 $496,902 $4,719 $492,983 $492,183
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