Nonprofit · EIN 92-1124183
FARRIS FAMILY FOUNDATION
Tax-exempt · JACKSON, TN 38305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $389,858 | $50,255 | $339,603 | $1,026,046 | $0 | $1,026,046 |
| December 31, 2023 | 990-PF | $215,562 | $29,119 | $186,443 | $686,443 | $0 | $686,443 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- Dividends
- $32,026
- Interest
- $14,094
- Net gain from sales of assets
- $43,738
Expenses
- Grants and similar amounts paid
- $49,800
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $49,800
- Excise tax on investment income
- $1,249
Balance sheet and other
- Total assets, start of year
- $686,443
- Total assets, end of year
- $1,026,046
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,026,046
- Fair market value of assets
- $1,110,562
- Qualifying distributions
- $49,800
- Net investment income
- $89,858
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael A Farris 100 Greendale Dr, Jackson, TN 38305 | President/Director | 0 | $0 |
| Jessia F Salonus 48 Darlington Cv, Jackson, TN 38305 | Secretary/Director | 0 | $0 |
| Matthew A Farris 1180 Mintmere Dr, Collierville, TN 38017 | Treasurer/Director | 0 | $0 |
| Lisa T Farris 100 Greendale Dr, Jackson, TN 38305 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL A FARRIS 100 GREENDALE DR, JACKSON, TN 38305 | PRESIDENT/DI | 0 | $0 |
| JESSIA F SALONUS 48 DARLINGTON CV, JACKSON, TN 38305 | SECRETARY/DI | 0 | $0 |
| MATTHEW A FARRIS 1180 MINTMERE DR, COLLIERVILLE, TN 38017 | TREASURER/DI | 0 | $0 |
| LISA T FARRIS 100 GREENDALE DR, JACKSON, TN 38305 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 GREENDALE DR, JACKSON, TN 38305-7558
- Signed the 990-PF
- Michael Farris, President
- Phone
- (731) 217-4513
- Return prepared by
- ATA Advisory LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 92-1124183
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,026,046
- Income (IRS master file)
- $749,721
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $389,858 | $50,255 | $1,026,046 | XML |
| 990-PF | December 2023 | $215,562 | $29,119 | $686,443 | XML |
| 990-PF | December 2022 | – | – | – | 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 92-1124183).
Questions about FARRIS FAMILY FOUNDATION
- What is the EIN of FARRIS FAMILY FOUNDATION?
- The employer identification number (EIN) of FARRIS FAMILY FOUNDATION is 92-1124183.
- Is FARRIS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FARRIS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FARRIS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FARRIS FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FARRIS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FARRIS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FARRIS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $389,858, expenses of $50,255 and total assets of $1,026,046 at year end.
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All nonprofits in JACKSON · Tennessee · Philanthropy, voluntarism and grantmaking foundations