Tim And Peggy Farrell Fund Inc
Tim And Peggy Farrell Fund Inc. consistently operates at a deficit, relying on its endowment while maintaining minimal liabilities and no officer compensation.
EIN: 200374985 · Little Rock, AR · NTEE: T22 · Updated: 2026-03-28
Is Tim And Peggy Farrell Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tim And Peggy Farrell Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tim And Peggy Farrell Fund Inc
Tim And Peggy Farrell Fund Inc (EIN: 200374985) is a nonprofit organization based in Little Rock, AR, classified under NTEE code T22. The organization reported total revenue of $87K and total assets of $511K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tim And Peggy Farrell Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tim And Peggy Farrell Fund Inc is a micro nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $38K |
| Surplus / Deficit | $-32,737 |
| Total Assets | $541K |
| Total Liabilities | $1 |
| Net Assets | $541K |
| Operating Margin | -638.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 171.6 months |
Financial Health Grade: B
In 2023, Tim And Peggy Farrell Fund Inc reported a deficit of $33K with expenses exceeding revenue, holds 171.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Tim And Peggy Farrell Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -92.0% | -33.6% | -5.7% |
| 2022 | +164.3% | +72.5% | +12.6% |
| 2020 | -24.7% | -8.5% | -1.7% |
| 2019 | -50.8% | -12.9% | -8.9% |
| 2015 | +260.9% | -13.9% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tim And Peggy Farrell Fund Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Tim And Peggy Farrell Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign of financial stewardship for an organization of its size with assets over $500,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Tim And Peggy Farrell Fund Inc's IRS 990 filings:
- Frequent operating deficits (e.g., 2023, 2020, 2019, 2014, 2012, 2011) where expenses exceed revenue, indicating reliance on endowment drawdowns.
Strengths
The following positive indicators were identified for Tim And Peggy Farrell Fund Inc:
- Strong asset base consistently over $500,000, providing financial stability.
- Consistently reports 0% officer compensation, indicating excellent financial stewardship regarding executive pay.
- Extremely low liabilities ($1 across all filings), demonstrating a very healthy balance sheet.
- Consistent IRS 990 filing history (9 filings), indicating good transparency and compliance.
Frequently Asked Questions about Tim And Peggy Farrell Fund Inc
Is Tim And Peggy Farrell Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tim And Peggy Farrell Fund Inc (EIN: 200374985) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Tim And Peggy Farrell Fund Inc spend its money?
Tim And Peggy Farrell Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tim And Peggy Farrell Fund Inc tax-deductible?
Tim And Peggy Farrell Fund Inc is registered as a tax-exempt nonprofit (EIN: 200374985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Tim And Peggy Farrell Fund Inc. financially stable?
Yes, despite frequently operating at a deficit (e.g., $37,865 expenses vs. $5,128 revenue in 2023), the organization maintains a strong asset base, consistently over $500,000, and minimal liabilities ($1), indicating long-term stability through its endowment.
Does Tim And Peggy Farrell Fund Inc. pay its officers?
No, the organization consistently reports 0% officer compensation across all nine available IRS 990 filings, indicating that its officers are not paid.
What is the primary activity of Tim And Peggy Farrell Fund Inc.?
Based on its NTEE code T22 (Private Grantmaking Foundations), the primary activity of Tim And Peggy Farrell Fund Inc. is likely making grants to other organizations, rather than directly operating programs.
Filing History
IRS 990 filing history for Tim And Peggy Farrell Fund Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Tim And Peggy Farrell Fund Inc's revenue has declined by 78.9%, moving from $24K to $5K. Total assets decreased by 9.2% over the same period, from $596K to $541K. Total functional expenses fell by 11.6%, from $43K to $38K. In its most recent filing year (2023), Tim And Peggy Farrell Fund Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1 in liabilities against $541K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $541K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $38K | $541K | $1 | — | — |
| 2022 | $64K | $57K | $574K | $1 | — | View 990 |
| 2020 | $24K | $33K | $510K | $1 | — | — |
| 2019 | $32K | $36K | $519K | $1 | — | View 990 |
| 2015 | $66K | $41K | $569K | $1 | — | View 990 |
| 2014 | $18K | $48K | $545K | $1 | — | View 990 |
| 2013 | $51K | $44K | $575K | $1 | — | View 990 |
| 2012 | $17K | $43K | $596K | $1 | — | View 990 |
| 2011 | $24K | $43K | $596K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $38K, and assets of $541K (revenue -92.0% year-over-year).
- 2022: Revenue of $64K, expenses of $57K, and assets of $574K (revenue +164.3% year-over-year).
- 2020: Revenue of $24K, expenses of $33K, and assets of $510K (revenue -24.7% year-over-year).
- 2019: Revenue of $32K, expenses of $36K, and assets of $519K (revenue -50.8% year-over-year).
- 2015: Revenue of $66K, expenses of $41K, and assets of $569K (revenue +260.9% year-over-year).
- 2014: Revenue of $18K, expenses of $48K, and assets of $545K (revenue -64.1% year-over-year).
- 2013: Revenue of $51K, expenses of $44K, and assets of $575K (revenue +196.7% year-over-year).
- 2012: Revenue of $17K, expenses of $43K, and assets of $596K (revenue -29.6% year-over-year).
- 2011: Revenue of $24K, expenses of $43K, and assets of $596K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tim And Peggy Farrell Fund Inc:
Data Sources and Methodology
This transparency report for Tim And Peggy Farrell Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.