Civic Intelligence

Benevolence Farm

990 • Fiscal year 2017 • EIN 26-3685507

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 07, 2018

PO Box 1313Graham, NC 27253

(336) 525-9339

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2017 filings • NTEE L • <$500k nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.02x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • NTEE L • <$500k nonprofits • Source year 2017

Net Margin

15th percentile

-38%

Higher net margin than 15% of similar nonprofits.

2017 filings • NTEE L • <$500k nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE L • <$500k nonprofits • Source year 2017

Asset Growth

19th percentile

-14%

Faster asset growth than 19% of similar nonprofits.

2017 filings • NTEE L • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-28%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • NTEE L • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$397,649

Down $63,485 (-14%) from 2016

Net Assets

Down

$394,914

Down $63,602 (-14%) from 2016

Liabilities

Up

$2,735

Up $117 (+4.5%) from 2016

Revenue

Down

$166,097

Down $63,537 (-28%) from 2016

Expenses

Up

$229,697

Up $44,015 (+24%) from 2016

Net Income

Down

-$63,600

Down $107,552 (-245%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2013: $147,523Liabilities 2013: $3,337Net Assets 2013: $144,1862013Assets 2014: $426,794Liabilities 2014: $3,703Net Assets 2014: $423,0912014Assets 2015: $409,136Liabilities 2015: $2,800Net Assets 2015: $406,3362015Assets 2016: $461,134Liabilities 2016: $2,618Net Assets 2016: $458,5162016Assets 2017: $397,649Liabilities 2017: $2,735Net Assets 2017: $394,9142017Assets 2018: $382,452Liabilities 2018: $3,947Net Assets 2018: $378,5052018Assets 2019: $410,228Liabilities 2019: $4,733Net Assets 2019: $405,4952019Assets 2020: $414,237Liabilities 2020: $13,366Net Assets 2020: $400,8712020Assets 2021: $511,137Liabilities 2021: $11,036Net Assets 2021: $500,1012021Assets 2022: $391,509Liabilities 2022: $16,666Net Assets 2022: $374,8432022Assets 2023: $410,885Liabilities 2023: $12,136Net Assets 2023: $398,7492023Assets 2024: $617,714Liabilities 2024: $38,934Net Assets 2024: $578,7802024

Highlighted filing

2017

Assets$397,649
Liabilities$2,735
Net Assets$394,914

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $158,903Expenses 2013: $69,897Net Income 2013: $89,0062013Revenue 2014: $368,928Expenses 2014: $90,023Net Income 2014: $278,9052014Revenue 2015: $129,339Expenses 2015: $143,999Net Income 2015: -$14,6602015Revenue 2016: $229,634Expenses 2016: $185,682Net Income 2016: $43,9522016Revenue 2017: $166,097Expenses 2017: $229,697Net Income 2017: -$63,6002017Revenue 2018: $223,600Expenses 2018: $239,986Net Income 2018: -$16,3862018Revenue 2019: $292,429Expenses 2019: $265,649Net Income 2019: $26,7802019Revenue 2020: $297,461Expenses 2020: $301,965Net Income 2020: -$4,5042020Revenue 2021: $471,110Expenses 2021: $372,092Net Income 2021: $99,0182021Revenue 2022: $454,929Expenses 2022: $580,190Net Income 2022: -$125,2612022Revenue 2023: $582,948Expenses 2023: $559,116Net Income 2023: $23,8322023Revenue 2024: $865,987Expenses 2024: $657,451Net Income 2024: $208,5362024

Highlighted filing

2017

Revenue$166,097
Expenses$229,697
Net Income-$63,600
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 7, 2018
Return Version
2017v2.2
Gross Receipts
$166,097
Mission and Program Overview

Mission

To provide an opportunity for women leaving prison to live and work on a farm where they grow food, nourish self and foster community.

To provide an opportunity for women leaving prison to live and work on a farm where they grow food, nourish self and foster community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$369,798$385,901▲ $16,103
Cash and Non-Interest-Bearing Accounts$88,513$8,252▼ $80,261
Accounts Receivable$112$755▲ $643
Prepaid Expenses and Deferred Charges$300$300→ $0
Total Assets$461,134$397,649▼ $63,485
Other Assets Total$2,411$2,441▲ $30
Liabilities
Accounts Payable and Accrued Expenses$2,618$2,735▲ $117
Total Liabilities$2,618$2,735▲ $117
Net Assets / Fund Balance
Unrestricted Net Assets$458,516$394,914▼ $63,602
Total Net Assets Fund Balance$458,516$394,914▼ $63,602
Total Liabilities and Net Assets / Fund Balance$461,134$397,649▼ $63,485

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$234,515$27,676$262,191
Land$90,057-$90,057
Equipment$54,307$16,430$70,737
Other Land Buildings$7,022-$7,022
Other Assets Org$45--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne ParsonsChair
Bill TraynorDirector
Lacy ColonDirector
Lashauna AustriaDirector
Peter AnsbacherSecretary
Brenna RagghiantiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,826
Program Service Revenue
$25,268
Investment Income
$3
Other Revenue
$0
All Other Contributions
$113,530
Change in Net Assets
$-63,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$159,514
Other Expenses$70,183
Total Fundraising Expense$21,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,937$40,321$16,345$141,603
Depreciation Depletion$19,186$99-$19,285
Other Employee Benefits$4,981$3,175$1,503$9,659
Payroll Taxes$6,405$597$1,250$8,252
Other Expenses$2,009$4,853$170$6,862
Travel$5,565$466-$6,031
All Other Expenses$110$4,490-$4,600
Office Expenses$860$1,758$1,650$4,268
Occupancy$1,558$2,678-$4,236
Insurance$280$3,222-$3,502
Information Technology$610$2,082-$2,692
Fees for Services Accounting-$2,061-$2,061
Fees for Services Other$890-$250$1,140
Conferences and Meetings$635--$635
Advertising$286$79$85$450
Total Functional Expenses$141,324$67,120$21,253$229,697
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dine and Dan----
Fall Fundrai----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Board members are provided a copy of form 990 prior to its filing and have ample time to comment.

Conflict of interest policy compliance Part VI line 12C

The organization has a written conflict of interest policy. All board members and employees are required to review and adhere to the policy.

CEO executive director top management comp Part VI line 15A

The board of directors sets the salary of the executive director based on comparable salaries for similar positions and responsibilities.

Other officer or key employee compensation Part VI line 15B

The full board is responsible for approving and reviewing compensation of key employees.

Governing documents etc available to public Part VI line 19

Governing documents and copies of form 990 and financial statements are made available to anyone who requests them.

Filing and Contact Details

Filer

Filer Name
Benevolence Farm
EIN
26-3685507
Address
PO BOX 1313, GRAHAM, NC 27253

Signing Officer

Name
Brenna Ragghianti
Title
Treasurer
Phone
3365259339
Signed
2018-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne Parsons Phd
Formed
2012
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
11
Volunteers
120

Preparer

Firm
Lori Aveni CPA PLLC
Address
126 N Salem St Suite 204, Apex, NC 27502
Preparer
Lori A Aveni
Phone
9193082470
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

ADJUSTMENT FOR ROUNDING

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IRS990/Desc0OUR FARM ENTERPRISE PROGRAMS LAUNCHED OUR COMMUNITY SUPPORTED AGRICULTUREPROGRAM (CSA) REACHING 78 TOTAL MEMBERS WITH TWO FULL 12-WEEK SEASONS. WE STARTED OUR COMMUNITY TOOL SHARE PROGRAM, WITH 11 TOTAL LOCAL FARMS THAT BORROWED TOOLS 86 TIMES THROUGHOUT THE YEAR, SAVING AN ESTIMATED 317 HOURS LABOR. THE FARM OVERALL HARVESTED 8592 POUNDS OF VEGETABLES AND PROVIDED 1400 PAID HOURS OF EMPLOYMENT FOR BENEVOLENCE RESIDENTS, TOTALING $10,045 IN EARNED WAGES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0OUR RESIDENTIAL AND REENTRY PROGRAM LAUNCHED, RECEIVING OVER 25 APPLICATIONS FOR PROGRAM ADMISSIONS AND ADMITTING 6 FULL-TIME RESIDENTS. THROUGHOUT THE YEAR WE HAVE PROVIDED TO THE RESIDENTS 520 DAYS OF HOUSING, 1500 MEALS, 8000 MILES OF TRANSPORTATION, 236 HOURS OF CASE MANAGEMENT, AND 256 HOURS OF CAPACITY BUILDING WORKSHOPS. RESIDENTS OBTAINED ESSENTIAL CAREER CERTIFICATIONS, WERE ADMITTED TO ACADEMIC DEGREE PROGRAMS, OBTAINED SCHOLARSHIPS FOR EDUCATIONAL PROGRAMS, CELEBRATED SIGNIFICANT SOBRIETY MILESTONES, SUCCESSFULLY COMPLETED PROBATION AND OBTAINED GAINFUL, CAREER-BASED EMPLOYMENT IN THEIR FIELDS OF INTEREST.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ADVOCACY AND OUTREACH EFFORTS INCLUDED CONTINUED PARTICIPATION IN NC COALITION FOR WOMEN REENTRANTS & THEIR CHILDREN, ALAMANCE COUNTY FOOD COLLABORATIVE, AND HELPING TO START AN ALAMANCE COUNTY RACIAL EQUITY ASSOCIATION (AREA). WE ALSO REACHED OVER 500 INDIVIDUALS THROUGH HOSTING THE 2017 SOUTH EASTERN SOCIAL CARE FARMING SUMMIT, THE SECOND CHANCE DINE AND DANCE, THREE RIPPLE EFFECT EVENTS, A MOVIE SCREENING AND BOOK CLUB AROUND TOPICS OF INCARCERATION, AND PARTICIPATING IN 15 SPEAKING ENGAGEMENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE PROVIDED A COPY OF FORM 990 PRIOR TO ITS FILING AND HAVE AMPLE TIME TO COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REVIEW AND ADHERE TO THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SETS THE SALARY OF THE EXECUTIVE DIRECTOR BASED ON COMPARABLE SALARIES FOR SIMILAR POSITIONS AND RESPONSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FULL BOARD IS RESPONSIBLE FOR APPROVING AND REVIEWING COMPENSATION OF KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND COPIES OF FORM 990 AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO ANYONE WHO REQUESTS THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADJUSTMENT FOR ROUNDING
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/WebsiteAddressTxt0WWW.BENEVOLENCEFARM.ORG
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENNA RAGGHIANTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03365259339
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BENEVOLENCE FARM
ReturnHeader/Filer/BusinessNameControlTxt0BENE
ReturnHeader/Filer/EIN0263685507
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1313
ReturnHeader/Filer/USAddress/CityNm0GRAHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027253
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01478F7D58C98D2FA0735F314D88254289277E85C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01478F7D58C98D2FA0735F314D88254289277E85C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06961692018072wniyofk
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-03-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.192.129.26
ReturnHeader/FilingSecurityInformation/IPDt02018-03-13
ReturnHeader/FilingSecurityInformation/IPTm021:01:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464277197
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lori Aveni CPA PLLC

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