Civic Intelligence

Benevolence Farm

990 • Fiscal year 2022 • EIN 26-3685507

Jan 01, 2022 to Dec 31, 2022 • Filed on May 05, 2023

PO Box 1313Graham, NC 27253

(336) 639-8436

Siviq Scores

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

Liabilities / Assets

48th percentile

0.04x

Higher debt load relative to assets than 48% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Liabilities / Revenue

44th percentile

0.04x

Higher debt load relative to revenue than 44% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Net Margin

24th percentile

-28%

Higher net margin than 24% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Asset Growth

14th percentile

-23%

Faster asset growth than 14% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

35th percentile

-3.4%

Faster revenue growth than 35% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$391,509

Down $119,628 (-23%) from 2021

Net Assets

Down

$374,843

Down $125,258 (-25%) from 2021

Liabilities

Up

$16,666

Up $5,630 (+51%) from 2021

Revenue

Down

$454,929

Down $16,181 (-3.4%) from 2021

Expenses

Up

$580,190

Up $208,098 (+56%) from 2021

Net Income

Down

-$125,261

Down $224,279 (-227%) from 2021

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

2022

Assets$391,509
Liabilities$16,666
Net Assets$374,843

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

2022

Revenue$454,929
Expenses$580,190
Net Income-$125,261
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 5, 2023
Return Version
2022v5.0
Gross Receipts
$479,696
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$324,746$310,740▼ $14,006
Cash and Non-Interest-Bearing Accounts$182,314$74,512▼ $107,802
Total Assets$511,137$391,509▼ $119,628
Other Assets Total$4,077$6,257▲ $2,180
Liabilities
Accounts Payable and Accrued Expenses$11,036$16,666▲ $5,630
Total Liabilities$11,036$16,666▲ $5,630
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$500,101$374,843▼ $125,258
Total Net Assets Fund Balance$500,101$374,843▼ $125,258
Total Liabilities and Net Assets / Fund Balance$511,137$391,509▼ $119,628

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$188,238$73,953$262,191
Land$90,057-$90,057
Equipment$32,445$47,714$80,159
Other Assets Org$2,376--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$403,274
Program Service Revenue
$73,340
Investment Income
$3
Other Revenue
$-21,688
All Other Contributions
$403,274
Change in Net Assets
$-125,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$348,728
Other Expenses$231,462
Total Fundraising Expense$55,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$260,382$17,379$30,649$308,410
Fees for Services Management$14,044$18,106$17,200$49,350
Occupancy$30,185$6,286$1,360$37,831
Payroll Taxes$18,760$6,169$1,442$26,371
Insurance$12,054$6,027$1,361$19,442
Office Expenses$5,448$10,180$1,119$16,747
Depreciation Depletion$14,006--$14,006
Other Employee Benefits$2,850$11,097-$13,947
Fees for Services Accounting-$12,425-$12,425
Travel$8,580$527-$9,107
Information Technology$5,084$1,950$440$7,474
Fees for Services Legal-$4,200-$4,200
Other Expenses$4,031$2,959-$4,031
Advertising$1,302-$1,654$2,956
All Other Expenses$128$1,441-$1,569
Interest-$1,060-$1,060
Conferences and Meetings-$1,038-$1,038
Total Functional Expenses$424,121$100,844$55,225$580,190
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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 35% controlled entity
No
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
Trina Harrison
Title
Chair
Phone
3366398436
Signed
2023-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trina Harrison
Formed
2012
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
10
Employees
14
Volunteers
25

Preparer

Firm
Lori Aveni CPA PLLC
Address
115 Salem Towne Ct, 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

ROUNDING

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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/ExplanationTxt5ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
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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