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Farley Family Charitable Foundation

Rebecca Wallenfelsz Ttee
  • Chicago, IL
  • Tax-exempt since Sept. 2012
  • EIN: 45-5492483

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$741k (2024)

Expenses
$2.97M (2024)

Total Assets
$34M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$741,252
Expenses
$2,973,691
Net Income
-$3,714,943
Net Assets
$33,983,561
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $56,609
Dividends $1,180,360
Sales of Assets -$1,978,221
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,618,197
88.0%
Compensation of Officers* $306,160
10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $33,983,561
Total Liabilities $0
Net Assets $33,983,561
Compensation
Key Employees and Officers Compensation Other
Rebecca Wallenfelz Chapman Cutler (Independent Trustee) $156,160 $0
Sarah F Huskey (Family Trustee) $30,000 $0
Timothy P Farley (Family Trustee) $30,000 $0
James C Farley (Family Trustee) $30,000 $0
Barbara Jean Carre (Family Trustee) $30,000 $0
Stuart M Farley (Family Trustee) $30,000 $0
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Document Links

990-PF
Filed on May 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,426,896
Expenses
$4,535,721
Net Income
-$3,108,825
Net Assets
$37,689,930
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,670
0.3%
Dividends $1,225,364
85.9%
Sales of Assets $196,862
13.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,190,083
92.4%
Compensation of Officers* $304,742
6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $37,689,930
Total Liabilities $0
Net Assets $37,689,930
Compensation
Key Employees and Officers Compensation Other
David A Lullo Chapman And Cutler (Independent Trustee) $154,742 $0
Sarah F Huskey (Family Trustee) $30,000 $0
Timothy P Farley (Family Trustee) $30,000 $0
James C Farley (Family Trustee) $30,000 $0
Barbara Jean Carre (Family Trustee) $30,000 $0
Stuart M Farley (Family Trustee) $30,000 $0
+ View more people

Document Links

990-PF
Filed on Oct. 30, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,943,691
Expenses
$6,360,303
Net Income
-$3,416,612
Net Assets
$40,798,755
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $125,116
4.3%
Interest Revenue $7,741
0.3%
Dividends $914,429
31.1%
Sales of Assets $1,896,405
64.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,982,718
94.1%
Compensation of Officers* $346,022
5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $40,798,755
Total Liabilities $0
Net Assets $40,798,755
Compensation
Key Employees and Officers Compensation Other
David A Lullo Chapman And Cutler (Independent Trustee) $196,022 $0
Sarah F Huskey (Family Trustee) $30,000 $0
Timothy P Farley (Family Trustee) $30,000 $0
James C Farley (Family Trustee) $30,000 $0
Barbara Jean Carre (Family Trustee) $30,000 $0
Stuart M Farley (Family Trustee) $30,000 $0
+ View more people

Document Links

990-PF
Filed on May 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,347,394
Expenses
$2,806,091
Net Income
-$458,697
Net Assets
$44,215,267
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,157,084
49.3%
Sales of Assets $1,190,310
50.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,454,114
87.5%
Compensation of Officers* $359,826
12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $44,215,267
Total Liabilities $0
Net Assets $44,215,267
Compensation
Key Employees and Officers Compensation Other
David A Lullo Chapman And Cutler (Independent Trustee) $209,826 $0
Sarah F Huskey (Family Trustee) $30,000 $0
Timothy P Farley (Family Trustee) $30,000 $0
James C Farley (Family Trustee) $30,000 $0
Barbara Jean Carre (Family Trustee) $30,000 $0
Stuart M Farley (Family Trustee) $30,000 $0
+ View more people

Document Links

990-PF
Filed on May 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,370,088
Expenses
$2,418,852
Net Income
-$1,048,764
Net Assets
$44,672,427
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,023,555
74.7%
Sales of Assets $346,533
25.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,023,740
83.7%
Compensation of Officers* $335,371
13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $44,672,428
Total Liabilities $1
Net Assets $44,672,427
Compensation
Key Employees and Officers Compensation Other
David S Crossett Chapman And Cutler (Independent Trustee) $185,371 $0
Sarah F Huskey (Family Trustee) $30,000 $0
Timothy P Farley (Family Trustee) $30,000 $0
James C Farley (Family Trustee) $30,000 $0
Barbara Jean Carre (Family Trustee) $30,000 $0
Stuart M Farley (Family Trustee) $30,000 $0
+ View more people

Document Links

990-PF
Filed on May 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,852,953
Expenses
$1,961,204
Net Income
-$108,251
Net Assets
$45,721,191
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,218
0.3%
Interest Revenue $0
Dividends $1,404,561
75.8%
Sales of Assets $442,174
23.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,614,987
82.3%
Compensation of Officers* $214,924
11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $45,721,192
Total Liabilities $1
Net Assets $45,721,191
Compensation
Key Employees and Officers Compensation Other
David S Crossett Chapman And Cutler (Independent Trustee) $164,924 $0
Sarah F Huskey (Family Trustee) $10,000 $0
Timothy P Farley (Family Trustee) $10,000 $0
James C Farley (Family Trustee) $10,000 $0
Barbara Jean Carre (Family Trustee) $10,000 $0
Stuart M Farley (Family Trustee) $10,000 $0
+ View more people

Document Links

990-PF
Filed on May 27, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,614,726
Expenses
$825,586
Net Income
$1,789,140
Net Assets
$8,544,874
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,510,067
57.8%
Interest Revenue $5
0.0%
Dividends $245,050
9.4%
Sales of Assets $859,604
32.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $750,586
90.9%
Compensation of Officers* $55,958
6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,544,874
Total Liabilities $0
Net Assets $8,544,874
Compensation
Key Employees and Officers Compensation Other
David S Crossett Chapman And Cutler (Independent Trustee) $30,958 $0
Sarah F Huskey (Family Trustee) $5,000 $0
Timothy P Farley (Family Trustee) $5,000 $1,534
James C Farley (Family Trustee) $5,000 $1,733
Barbara Jean Carre (Family Trustee) $5,000 $0
Stuart M Farley (Family Trustee) $5,000 $1,611
+ View more people

Document Links

990-PF
Filed on May 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$325,367
Expenses
$479,325
Net Income
-$153,958
Net Assets
$6,755,662
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $55,562
17.1%
Interest Revenue $4,124
1.3%
Dividends $212,023
65.2%
Sales of Assets $53,658
16.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $400,376
83.5%
Compensation of Officers* $55,562
11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,755,662
Total Liabilities $0
Net Assets $6,755,662

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$218,844
Expenses
$430,959
Net Income
-$212,115
Net Assets
$6,909,620
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $23,399
10.7%
Interest Revenue $58
0.0%
Dividends $218,820
100.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $347,600
80.7%
Compensation of Officers* $38,399
8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,909,620
Total Liabilities $0
Net Assets $6,909,620

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$272,143
Expenses
$256,614
Net Income
$15,529
Net Assets
$7,115,538
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $48,876
18.0%
Interest Revenue $1,006
0.4%
Dividends $220,709
81.1%
Sales of Assets $1,552
0.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $172,412
67.2%
Compensation of Officers* $43,400
16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,115,538
Total Liabilities $0
Net Assets $7,115,538

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,100,009
Expenses
$0
Net Income
$7,100,009
Net Assets
$7,100,009
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,022,970
98.9%
Interest Revenue $0
Dividends $64,716
0.9%
Sales of Assets $12,323
0.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,100,009
Total Liabilities $0
Net Assets $7,100,009

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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