Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
990 • Fiscal year 2022 • EIN 81-0619100
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
25th percentile
Faster asset growth than 25% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Assets
Down$435,702
Down $82,569 (-16%) from 2021
Net Assets
Up$395,872
Up $2,597 (+0.7%) from 2021
Liabilities
Down$39,830
Down $85,166 (-68%) from 2021
Revenue
Down$40,037
Down $27,677 (-41%) from 2021
Expenses
Down$37,441
Down $21,297 (-36%) from 2021
Net Income
Down$2,596
Down $6,380 (-71%) from 2021
Grant scholarships and educational assistance to colorado students in need of financial assistance for college.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $416,844 | $293,858 | ▼ $122,986 |
| Savings and Temporary Cash Investments | $66,427 | $104,344 | ▲ $37,917 |
| Cash and Non-Interest-Bearing Accounts | - | $0 | - |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $518,271 | $435,702 | ▼ $82,569 |
| Other Assets Total | $35,000 | $37,500 | ▲ $2,500 |
| Liabilities | |||
| Other Liabilities | $35,001 | $37,500 | ▲ $2,499 |
| Deferred Revenue | $89,995 | $2,330 | ▼ $87,665 |
| Total Liabilities | $124,996 | $39,830 | ▼ $85,166 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $393,275 | $395,872 | ▲ $2,597 |
| Total Net Assets Fund Balance | $393,275 | $395,872 | ▲ $2,597 |
| Total Liabilities and Net Assets / Fund Balance | $518,271 | $435,702 | ▼ $82,569 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $37,500 | - | - |
| Name | Title |
|---|---|
| Beth Ann Faragher | President & CEO |
| Mary Faragher Waterman | Vice President |
| William E Faragher Jr | Director |
| Taylor Halagan | Secretary |
| Michael Mccasland | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $30,000 |
| Other Expenses | $7,441 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $30,000 | - | - | $30,000 |
| Fees for Service Investment Mgmnt Fees | - | $2,593 | - | $2,593 |
| Fees for Services Accounting | - | $1,651 | - | $1,651 |
| Office Expenses | - | $627 | - | $627 |
| Occupancy | - | $330 | - | $330 |
| Other Expenses | $187 | $23 | - | $23 |
| All Other Expenses | - | $20 | - | $20 |
| Total Functional Expenses | $29,951 | $7,490 | $0 | $37,441 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Scholarship Commitments | $37,500 |
“Five person board includes 3 related family members (siblings)”
“No review was or will be conducted.”
“No documents available to the public.”
“ROUNDING = $1”
“The Kit Faragher FoundationPO Box 12440Denver, CO 80212EIN 81-0619100___________________________________________________________________The Kit Faragher Foundation awarded four Memorial Scholarships for the 2022-2023 School Year to Olivia Craig, Dakotah Dunn, Jose Fernandez Montes, and Michael Soltis. The total award was $10,000.00 each, which will be paid out at $5,000 per school year for two years.”
“Attachment to Form 990 (2021)In 2022 the Kit Faragher Foundation awarded FOUR SCHOLARSHIPS. Three scholarships were awarded to graduating Colorado high school seniors, one of which had to be awarded to a graduating senior from a Montrose County, CO high school. The Kit Faragher Foundation also awarded one scholarship to a graduating high school senior from Geauga County, Ohio. The applicants are all attending an accredited two or four-year college or university. The four scholarships for the 2022-2023 school year were an award of $10,000.00 each, to be paid over the students first two years of their programs. The requirements to qualify for the scholarship were as follows:Applicant must have a minimum high school GPA of 2.5Applicant must demonstrate a financial need for assistance.Applicant must submit an application, official high school transcript, and a written essay, which captures their sense of personality and achievements, while describing their short and long-term goals.Notice that the new scholarship application had been uploaded to the foundations website (www.kitfaragherfoundation.org) was mailed in January, 2022 to the scholarship coordinator of every Colorado school, including public and private high schools and alternative schools, which had students in the 12th grade. For the Geauga County Ohio Scholarship, that application (in English and Spanish) was uploaded to the foundation's website in January, 2022 and notice was mailed to the scholarship coordinator for every Geauga County, Ohio school that had students in the 12th grade. Once received, subcommittees (one in Colorado and one in Ohio) comprised of members of The Kit Faragher Foundation Board of Directors reviewed the completed applications to determine if they met the scholarship requirements. The applicant pool was narrowed down, based primarily upon the financial need of the applicants, although the activities of the applicants and their essays were also considered. The applications were then reviewed by all the members of Colorado and Geauga County Ohio Kit Faragher Memorial Scholarship Selection Committees, which determined which applicants to interview. Based upon the individual interviews, the four scholarship recipients for the 202-2023 school year were chosen by The Kit Faragher Memorial Scholarship Selection Committees. The decision was then approved by the Board of Directors of The Kit Faragher Foundation.In order to maintain the scholarship, the recipients must maintain a 2.5 GPA during the time period over which the scholarship is paid out, usually four semesters. Additionally, the recipients must submit a personal written assessment of accomplishments after each semester for the same time period. Transcripts and the personal written assessment must be submitted to The Kit Faragher Foundation at the end of each semester/quarter during the time period over which the scholarship is paid out. The scholarship funds may be used for tuition, books, lab fees, or other costs directly related to the degree program. The scholarship payments are made directly to the college/university where the student is attending. The 2022-2023 Kit Faragher Memorial Scholarship applications for the Colorado and Geauga County Ohio are attached. Also attached are the notices that were mailed to every Colorado school, including public and private high schools and alternative schools, with students in twelfth grade, and to every Geauga County Ohio high school with students in the 12th grade. Finally, attached is the Selection Committee considerations that was send to the Colorado Selection Committee. The Selection Committee in Geauga County Ohio used the same considerations.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | GRANT SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLORADO STUDENTS IN NEED OF FINANCIAL ASSISTANCE FOR COLLEGE. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllOtherContributionsAmt | 0 | 35305 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 20 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 20 |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | BETH FARAGHER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3033224922 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 12440 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | DENVER |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CO |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 80212 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 35305 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 30000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 4732 |
| IRS990/CYOtherExpensesAmt | 0 | 7441 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 2596 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 37441 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 40037 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 89995 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 2330 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | IN 2022 SCHOLARSHIPS TOTALING $40,000.00 WERE AWARDED TO STUDENTS SELECTED BY THE SELECTION COMMITTEE AS THE MOST DESERVING APPLICANTS. OF THAT AMOUNT $10,000.00 WAS PAID DURING 2022, AS WELL AS AN ADDITIONAL AMOUNT OF $27,500.00 FOR SCHOLARSHIPS AWARDED IN PRIOR YEARS (FOR A TOTAL PAYMENT IN 2022 OF $37,500.00). ALL AMOUNTS ARE PAID DIRECTLY TO THE COLLEGES SELECTED BY THE RECIPIENTS. SEE ATTACHED SCHEDULE FOR ADDITIONAL DETAIL. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 29951 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 1651 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1651 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 2593 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 2593 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282FiledCnt | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BETH ANN FARAGHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MICHAEL MCCASLAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WILLIAM E FARAGHER JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARY FARAGHER WATERMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TAYLOR HALAGAN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Secretary |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -7003 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantAmt | 0 | 30000 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 30000 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 30000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 215189 |
| IRS990/GrossReceiptsAmt | 0 | 262229 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 2 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 11735 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 11735 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 416844 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 293858 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | CO |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 222192 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | false |
| IRS990/MissionDesc | 0 | GRANT SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLORADO STUDENTS IN NEED OF FINANCIAL ASSISTANCE FOR COLLEGE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 393275 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 395872 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -7003 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -7003 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 393275 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 395872 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 330 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 330 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 627 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 627 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 35000 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 37500 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 1 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Postage and Shipping |
| IRS990/OtherExpensesGrp/Desc | 1 | ADMINISTRATIVE EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | Printing and Publications |
| IRS990/OtherExpensesGrp/Desc | 3 | FOREIGN TAX PAID |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1112 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1134 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 23 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | -236 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 187 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1112 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 898 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 187 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 23 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 35001 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 37500 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | BETH ANN FARAGHER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 29946 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 50000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 37768 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 8738 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 8976 |
| IRS990/PYTotalExpensesAmt | 0 | 58738 |
| IRS990/PYTotalRevenueAmt | 0 | 67714 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 2596 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 35305 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
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| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 66427 |
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| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.17030 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | SCHOLARSHIP COMMITMENTS |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SCHOLARSHIP COMMITMENTS |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FIVE PERSON BOARD INCLUDES 3 RELATED FAMILY MEMBERS (SIBLINGS) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | No review was or will be conducted. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | No documents available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ROUNDING = $1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The Kit Faragher FoundationPO Box 12440Denver, CO 80212EIN 81-0619100___________________________________________________________________The Kit Faragher Foundation awarded four Memorial Scholarships for the 2022-2023 School Year to Olivia Craig, Dakotah Dunn, Jose Fernandez Montes, and Michael Soltis. The total award was $10,000.00 each, which will be paid out at $5,000 per school year for two years. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Attachment to Form 990 (2021)In 2022 the Kit Faragher Foundation awarded FOUR SCHOLARSHIPS. Three scholarships were awarded to graduating Colorado high school seniors, one of which had to be awarded to a graduating senior from a Montrose County, CO high school. The Kit Faragher Foundation also awarded one scholarship to a graduating high school senior from Geauga County, Ohio. The applicants are all attending an accredited two or four-year college or university. The four scholarships for the 2022-2023 school year were an award of $10,000.00 each, to be paid over the students first two years of their programs. The requirements to qualify for the scholarship were as follows:Applicant must have a minimum high school GPA of 2.5Applicant must demonstrate a financial need for assistance.Applicant must submit an application, official high school transcript, and a written essay, which captures their sense of personality and achievements, while describing their short and long-term goals.Notice that the new scholarship application had been uploaded to the foundations website (www.kitfaragherfoundation.org) was mailed in January, 2022 to the scholarship coordinator of every Colorado school, including public and private high schools and alternative schools, which had students in the 12th grade. For the Geauga County Ohio Scholarship, that application (in English and Spanish) was uploaded to the foundation's website in January, 2022 and notice was mailed to the scholarship coordinator for every Geauga County, Ohio school that had students in the 12th grade. Once received, subcommittees (one in Colorado and one in Ohio) comprised of members of The Kit Faragher Foundation Board of Directors reviewed the completed applications to determine if they met the scholarship requirements. The applicant pool was narrowed down, based primarily upon the financial need of the applicants, although the activities of the applicants and their essays were also considered. The applications were then reviewed by all the members of Colorado and Geauga County Ohio Kit Faragher Memorial Scholarship Selection Committees, which determined which applicants to interview. Based upon the individual interviews, the four scholarship recipients for the 202-2023 school year were chosen by The Kit Faragher Memorial Scholarship Selection Committees. The decision was then approved by the Board of Directors of The Kit Faragher Foundation.In order to maintain the scholarship, the recipients must maintain a 2.5 GPA during the time period over which the scholarship is paid out, usually four semesters. Additionally, the recipients must submit a personal written assessment of accomplishments after each semester for the same time period. Transcripts and the personal written assessment must be submitted to The Kit Faragher Foundation at the end of each semester/quarter during the time period over which the scholarship is paid out. The scholarship funds may be used for tuition, books, lab fees, or other costs directly related to the degree program. The scholarship payments are made directly to the college/university where the student is attending. The 2022-2023 Kit Faragher Memorial Scholarship applications for the Colorado and Geauga County Ohio are attached. Also attached are the notices that were mailed to every Colorado school, including public and private high schools and alternative schools, with students in twelfth grade, and to every Geauga County Ohio high school with students in the 12th grade. Finally, attached is the Selection Committee considerations that was send to the Colorado Selection Committee. The Selection Committee in Geauga County Ohio used the same considerations. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part XI, Line 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Statement Note 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Statement Note 2 |
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| IRS990/USAddress/CityNm | 0 | DENVER |
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| IRS990/WebsiteAddressTxt | 0 | kitfaragherfoundation.org |
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| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BETH ANN FARAGHER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE KIT FARAGHER FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KITF |
| ReturnHeader/Filer/EIN | 0 | 810619100 |
| ReturnHeader/Filer/PhoneNum | 0 | 3033224922 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 12440 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DENVER |
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| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 200841703 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Michael P Merrion PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8758 Wolff Court Ste 105 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Westminster |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.