The Farkas Family Foundation

Charlottesvle, VA
Tax-exempt since Jan. 2001
EIN: 06-1593377

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Type of Nonprofit

Designated as a 501(c)(3) 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$2.15M (2025)

Expenses

$4.24M (2025)

Total Assets

$5.74M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

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 June
2025

Revenue

$2,152,652

Expenses

$4,243,059

Net Income

-$2,090,407

Net Assets

$5,735,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,785	0.7%
Dividends	$258,794	12.0%
Sales of Assets	$1,817,538	84.4%
Other Income	$61,535	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,094,500	96.5%
Compensation of Officers*	$40,000	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,735,914
Total Liabilities	$0
Net Assets	$5,735,914

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$40,000	$0

990-PF

Filed on Aug. 13, 2025

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

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Fiscal Year Ending June
2024

Revenue

$407,672

Expenses

$803,144

Net Income

-$395,472

Net Assets

$7,831,125

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22,493	5.5%
Dividends	$331,510	81.3%
Sales of Assets	-$24,402
Other Income	$78,071	19.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$660,000	82.2%
Compensation of Officers*	$40,000	5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,831,125
Total Liabilities	$0
Net Assets	$7,831,125

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$40,000	$0

990-PF

Filed on Aug. 7, 2024

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

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Fiscal Year Ending June
2023

Revenue

$575,775

Expenses

$758,411

Net Income

-$182,636

Net Assets

$8,246,075

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,080	1.9%
Interest Revenue	$20,613	3.6%
Dividends	$270,365	47.0%
Sales of Assets	$281,319	48.9%
Other Income	-$7,602

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$626,000	82.5%
Compensation of Officers*	$35,000	4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,246,075
Total Liabilities	$0
Net Assets	$8,246,075

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$35,000	$0

990-PF

Filed on Aug. 10, 2023

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

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Fiscal Year Ending June
2022

Revenue

$1,194,780

Expenses

$751,471

Net Income

$443,309

Net Assets

$8,452,946

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,678	1.3%
Dividends	$188,240	15.8%
Sales of Assets	$996,898	83.4%
Other Income	-$6,036

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$608,100	80.9%
Compensation of Officers*	$35,000	4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,452,946
Total Liabilities	$0
Net Assets	$8,452,946

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$35,000	$0

990-PF

Filed on Aug. 31, 2022

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

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Fiscal Year Ending June
2021

Revenue

$354,258

Expenses

$702,448

Net Income

-$348,190

Net Assets

$8,018,167

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,100	5.4%
Dividends	$200,831	56.7%
Sales of Assets	$33,736	9.5%
Other Income	$100,591	28.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$570,000	81.1%
Compensation of Officers*	$35,000	5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,018,168
Total Liabilities	$1
Net Assets	$8,018,167

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$35,000	$0

990-PF

Filed on Aug. 23, 2021

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

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Fiscal Year Ending June
2020

Revenue

$471,549

Expenses

$663,578

Net Income

-$192,029

Net Assets

$8,370,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,940	5.7%
Dividends	$222,651	47.2%
Sales of Assets	$209,333	44.4%
Other Income	$12,625	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$550,335	82.9%
Compensation of Officers*	$30,000	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,370,796
Total Liabilities	$1
Net Assets	$8,370,795

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$30,000	$0

990-PF

Filed on Aug. 28, 2020

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

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Fiscal Year Ending June
2019

Revenue

$440,802

Expenses

$664,699

Net Income

-$223,897

Net Assets

$8,562,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$37,106	8.4%
Dividends	$227,393	51.6%
Sales of Assets	$184,005	41.7%
Other Income	-$7,702

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$553,550	83.3%
Compensation of Officers*	$30,000	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,562,690
Total Liabilities	$0
Net Assets	$8,562,690

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$30,000	$0

990-PF

Filed on Aug. 14, 2019

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

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Fiscal Year Ending June
2018

Revenue

$324,521

Expenses

$659,814

Net Income

-$335,293

Net Assets

$8,787,229

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28,478	8.8%
Dividends	$216,565	66.7%
Sales of Assets	$77,608	23.9%
Other Income	$1,870	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$549,185	83.2%
Compensation of Officers*	$30,000	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,787,229
Total Liabilities	$0
Net Assets	$8,787,229

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$30,000	$0

990-PF

Filed on Aug. 15, 2018

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

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Fiscal Year Ending June
2017

Revenue

$117,205

Expenses

$676,718

Net Income

-$559,513

Net Assets

$9,126,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,917	23.0%
Dividends	$224,316	> 100%
Sales of Assets	-$128,144
Other Income	-$5,884

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$574,255	84.9%
Compensation of Officers*	$30,000	4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,126,238
Total Liabilities	$0
Net Assets	$9,126,238

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$30,000	$0

990-PF

Filed on Aug. 25, 2017

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

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Fiscal Year Ending June
2016

Revenue

$366,143

Expenses

$562,155

Net Income

-$196,012

Net Assets

$9,686,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16,147	4.4%
Dividends	$224,655	61.4%
Sales of Assets	$126,951	34.7%
Other Income	-$1,610

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$460,960	82.0%
Compensation of Officers*	$30,000	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,686,285
Total Liabilities	$0
Net Assets	$9,686,285

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$30,000	$0

990-PF

Filed on Aug. 30, 2016

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

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Fiscal Year Ending June
2015

Revenue

$942,547

Expenses

$493,268

Net Income

$449,279

Net Assets

$9,882,297

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29,395	3.1%
Dividends	$241,706	25.6%
Sales of Assets	$670,927	71.2%
Other Income	$519	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$387,913	78.6%
Compensation of Officers*	$30,000	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,882,297
Total Liabilities	$0
Net Assets	$9,882,297

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$30,000	$0

990-PF

Filed on Oct. 6, 2015

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

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Fiscal Year Ending June
2014

Revenue

$478,676

Expenses

$603,879

Net Income

-$125,203

Net Assets

$9,435,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22,424	4.7%
Dividends	$312,228	65.2%
Sales of Assets	$144,024	30.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$542,295	89.8%
Compensation of Officers*	$30,000	5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,435,418
Total Liabilities	$0
Net Assets	$9,435,418

Compensation

Key Employees and Officers	Compensation	Other
Gail Munger (Trustee)	$30,000	$0

990-PF

Filed on Sept. 4, 2014

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

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Fiscal Year Ending June
2013

Revenue

$226,826

Expenses

$395,850

Net Income

-$169,024

Net Assets

$9,560,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27,310	12.0%
Dividends	$223,074	98.3%
Sales of Assets	$0
Other Income	$754	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,000	77.0%
Compensation of Officers*	$30,000	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,560,621
Total Liabilities	$1
Net Assets	$9,560,620

990-PF

Filed on Nov. 14, 2013

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

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Fiscal Year Ending June
2012

Revenue

-$641,141

Expenses

$560,806

Net Income

-$1,201,947

Net Assets

$9,729,644

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$360,910
Sales of Assets	$0
Other Income	$3,098

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$456,230	81.4%
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	$9,729,645
Total Liabilities	$1
Net Assets	$9,729,644

990-PF

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

PDF

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Updated November 19, 2025

The Farkas Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.15M (2025)

Expenses $4.24M (2025)

Total Assets $5.74M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$2.15M (2025)

Expenses

$4.24M (2025)

Total Assets

$5.74M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

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2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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2009

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2008

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2007

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2005

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2004

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2003

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2002