Civic Intelligence

Bethlehem Farm Inc

990 • Fiscal year 2020 • EIN 26-4449900

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 13, 2021

PO Box 415Talcott, WV 24981

(304) 445-7143

Siviq Scores

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

Liabilities / Assets

51st percentile

0.11x

Higher debt load relative to assets than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.41x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$10,105

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

61st percentile

11%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-24%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,169,052

Up $221,449 (+11%) from 2019

Net Assets

Up

$1,936,733

Up $242,386 (+14%) from 2019

Liabilities

Down

$232,319

Down $20,937 (-8.3%) from 2019

Revenue

Down

$573,241

Down $184,521 (-24%) from 2019

Expenses

Up

$330,885

Up $1,493 (+0.5%) from 2019

Net Income

Down

$242,356

Down $186,014 (-43%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $960,585Liabilities 2013: $246,635Net Assets 2013: $713,9502013Assets 2014: $1,016,949Liabilities 2014: $217,358Net Assets 2014: $799,5912014Assets 2015: $1,059,125Liabilities 2015: $132,077Net Assets 2015: $927,0482015Assets 2016: $1,155,702Liabilities 2016: $115,061Net Assets 2016: $1,040,6412016Assets 2018: $1,391,505Liabilities 2018: $125,528Net Assets 2018: $1,265,9772018Assets 2019: $1,947,603Liabilities 2019: $253,256Net Assets 2019: $1,694,3472019Assets 2020: $2,169,052Liabilities 2020: $232,319Net Assets 2020: $1,936,7332020Assets 2021: $2,417,405Liabilities 2021: $122,790Net Assets 2021: $2,294,6152021Assets 2022: $2,739,472Liabilities 2022: $135,271Net Assets 2022: $2,604,2012022Assets 2023: $2,848,292Liabilities 2023: $40,051Net Assets 2023: $2,808,2412023Assets 2024: $3,455,315Liabilities 2024: $272,580Net Assets 2024: $3,182,7352024

Highlighted filing

2020

Assets$2,169,052
Liabilities$232,319
Net Assets$1,936,733

Operations Trend

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

$1.0M$500K$0Expenses 2013: $238,3822013Revenue 2014: $331,861Expenses 2014: $246,220Net Income 2014: $85,6412014Revenue 2015: $372,745Expenses 2015: $245,751Net Income 2015: $126,9942015Revenue 2016: $373,166Expenses 2016: $259,573Net Income 2016: $113,5932016Revenue 2018: $428,692Expenses 2018: $315,085Net Income 2018: $113,6072018Revenue 2019: $757,762Expenses 2019: $329,392Net Income 2019: $428,3702019Revenue 2020: $573,241Expenses 2020: $330,885Net Income 2020: $242,3562020Revenue 2021: $980,084Expenses 2021: $622,202Net Income 2021: $357,8822021Revenue 2022: $888,986Expenses 2022: $579,400Net Income 2022: $309,5862022Revenue 2023: $765,294Expenses 2023: $561,254Net Income 2023: $204,0402023Revenue 2024: $908,081Expenses 2024: $526,916Net Income 2024: $381,1652024

Highlighted filing

2020

Revenue$573,241
Expenses$330,885
Net Income$242,356
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 13, 2021
Return Version
2019v5.0
Gross Receipts
$576,960
Mission and Program Overview

Mission

Bethlehem Farm, Inc., is a Catholic community in South East West Virginia that offers a service retreat program with outreach to the local community (primarily low income home repair services) and the teaching of sustainable practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,042,790$1,175,684▲ $132,894
Cash and Non-Interest-Bearing Accounts$705,167$882,146▲ $176,979
Accounts Receivable$166,669$83,881▼ $82,788
Prepaid Expenses and Deferred Charges$32,977$27,341▼ $5,636
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,947,603$2,169,052▲ $221,449
Other Assets Total-$0-
Liabilities
Deferred Revenue$246,705$203,303▼ $43,402
Accounts Payable and Accrued Expenses$6,551$16,198▲ $9,647
Other Liabilities-$12,818-
Total Liabilities$253,256$232,319▼ $20,937
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,694,347$1,936,733▲ $242,386
Total Net Assets Fund Balance$1,694,347$1,936,733▲ $242,386
Total Liabilities and Net Assets / Fund Balance$1,947,603$2,169,052▲ $221,449

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$993,042$148,017$1,141,059
Equipment$98,683$103,745$202,428
Leasehold Improvements$44,291$21,051$65,342
Land$36,723-$36,723
Other Land Buildings$2,945$8,151$11,096
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric FittsDirectorFT$10,105$10,105

Board Members and Trustees

NameTitle
John HannaganChairman
Tim ShovlinVice Chair
Brenna DavisBoard Member
Josh BleischBoard Member
Kat O'LoughlinBoard Member
Kathryn MoranBoard Member
Kera McNelisBoard Member
Michael NewmanBoard Member
Nick VergatosBoard Member
Rachelle SimonBoard Member
Vickey McBrideBoard Member
Allyson HochDirector-Nazare
Craig SnydalSecretary
Jennifer ScottSecretary
Bill ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$459,968
Program Service Revenue
$90,322
Investment Income
$12,151
Other Revenue
$10,800
All Other Contributions
$369,003
Change in Net Assets
$242,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,471
Salaries, Compensation, and Employee Benefits$128,414
Total Fundraising Expense$9,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$95,123--$95,123
Depreciation Depletion$43,848--$43,848
All Other Expenses$21,630-$9,351$30,981
Other Employee Benefits$23,186--$23,186
Insurance$12,716--$12,716
Advertising-$11,373-$11,373
Office Expenses-$11,293-$11,293
Current Officers, Directors, Trustees, and Key Employees$10,105--$10,105
Other Expenses$9,912--$9,912
Total Functional Expenses$298,868$22,666$9,351$330,885
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,519
Fundraising Direct Expenses$3,719
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chicago Benefit$19,190$14,519$1,369$13,150
Total Events$19,190$14,519$3,719$10,800
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan$12,818
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Part VI, Line 11B: Form 990 Review Process

The officers, board members, and directors review the 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Enforced through annual disclosure forms

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Bethlehem Farm Inc
EIN
26-4449900
Phone
3044457143
Address
PO Box 415, Talcott, WV 24981

Signing Officer

Name
Eric Fitts
Title
Director
Signed
2021-08-13
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
16
Independent Board Members
0
Employees
0

Preparer

Firm
Lawrence J Ickes CPA AC
Address
783 Jefferson Street S, Lewisburg, WV 24901
Preparer
Lawrence J Ickes
Phone
3046455914
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Prior Period Adjustment = $30

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IRS990/MissionDesc0Bethlehem Farm, Inc., is a Catholic community in South East West Virginia that offers a service retreat program with outreach to the local community (primarily low income home repair services) and the teaching of sustainable practices.
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