Nonprofit · EIN 54-1958321
FARRAND FOUNDATION INC
Tax-exempt · NORFOLK, VA 23508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $312,759 | $17,430 | $295,329 | $305,339 | $0 | $305,339 |
| August 31, 2024 | 990-PF | $0 | $1,025 | -$1,025 | $10,010 | $0 | $10,010 |
| August 31, 2023 | 990-PF | $0 | $25 | -$25 | $11,035 | $0 | $11,035 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $258,905
- Dividends
- $7,203
- Interest
- $603
- Net gain from sales of assets
- $46,048
Expenses
- Grants and similar amounts paid
- $12,000
- Disbursements for charitable purposes
- $12,000
- Excise tax on investment income
- $673
Balance sheet and other
- Total assets, start of year
- $10,010
- Total assets, end of year
- $305,339
- Total liabilities, end of year
- $0
- Net assets, end of year
- $305,339
- Fair market value of assets
- $587,270
- Qualifying distributions
- $12,000
- Net investment income
- $53,854
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD FARRAND P O BOX 6347, NORFOLK, VA 23508 | PRESIDENT | 0 | $0 |
| JERRY BOWMAN P O BOX 6347, NORFOLK, VA 23508 | VP SECRETARY | 0 | $0 |
| PATRICK CORBIN P O BOX 6347, NORFOLK, VA 23508 | VICE PRESIDE | 0 | $0 |
990-PF for the year ended August 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD FARRAND P O BOX 6347, NORFOLK, VA 23508 | PRESIDENT | 0 | $0 |
| JERRY BOWMAN P O BOX 6347, NORFOLK, VA 23508 | VP SECRETARY | 0 | $0 |
| PATRICK CORBIN P O BOX 6347, NORFOLK, VA 23508 | VICE PRESIDE | 0 | $0 |
990-PF for the year ended August 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD FARRAND P O BOX 6347, NORFOLK, VA 23508 | PRESIDENT | 0 | $0 |
| JERRY BOWMAN P O BOX 6347, NORFOLK, VA 23508 | VP SECRETARY | 0 | $0 |
| PATRICK CORBIN P O BOX 6347, NORFOLK, VA 23508 | VICE PRESIDE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6347, NORFOLK, VA 23508-0347
- In care of
- % PHILIP S FARRAND
- Signed the 990-PF
- TODD FARRAND, PRESIDENT
- Phone
- (757) 434-1984
- Return prepared by
- CORBIN & COMPANY PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 54-1958321
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- August
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $305,339
- Income (IRS master file)
- $328,955
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $312,759 | $17,430 | $305,339 | XML |
| 990-PF | August 2024 | $0 | $1,025 | $10,010 | XML |
| 990-PF | August 2023 | $0 | $25 | $11,035 | XML |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-PF | August 2020 | – | – | – | IRS |
| 990-PF | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1958321).
Questions about FARRAND FOUNDATION INC
- What is the EIN of FARRAND FOUNDATION INC?
- The employer identification number (EIN) of FARRAND FOUNDATION INC is 54-1958321.
- Is FARRAND FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to FARRAND FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FARRAND FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FARRAND FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FARRAND FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of FARRAND FOUNDATION INC?
- The 990-PF for the year ended August 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FARRAND FOUNDATION INC have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $312,759, expenses of $17,430 and total assets of $305,339 at year end.
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