Civic Intelligence

Happy S Farm Inc.

990 • Fiscal year 2016 • EIN 27-0761094

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 29, 2017

985 Parks RoadSalisbury, NC 28146

(704) 798-6800

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Liabilities / Revenue

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Net Margin

34th percentile

-0.9%

Higher net margin than 34% of similar nonprofits.

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-7.1%

Faster asset growth than 28% of similar nonprofits.

2016 filings • NTEE P • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

33%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • NTEE P • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$147,522

Down $11,358 (-7.1%) from 2015

Net Assets

Down

$147,522

Down $1,873 (-1.3%) from 2015

Liabilities

Down

$0

Down $9,485 (-100%) from 2015

Revenue

Up

$199,696

Up $49,010 (+33%) from 2015

Expenses

Up

$201,569

Up $43,310 (+27%) from 2015

Net Income

Up

-$1,873

Up $5,700 (+75%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $44,646Liabilities 2012: $376Net Assets 2012: $44,2702012Assets 2013: $156,016Liabilities 2013: $302Net Assets 2013: $155,7142013Assets 2014: $169,800Liabilities 2014: $272Net Assets 2014: $169,5282014Assets 2015: $158,880Liabilities 2015: $9,485Net Assets 2015: $149,3952015Assets 2016: $147,522Liabilities 2016: $0Net Assets 2016: $147,5222016Assets 2017: $182,081Liabilities 2017: $0Net Assets 2017: $182,0812017Assets 2018: $230,939Liabilities 2018: $0Net Assets 2018: $230,9392018Assets 2019: $222,135Liabilities 2019: $0Net Assets 2019: $222,1352019Assets 2020: $208,101Liabilities 2020: $0Net Assets 2020: $208,1012020Assets 2021: $196,353Liabilities 2021: $0Net Assets 2021: $196,3532021Assets 2022: $210,731Liabilities 2022: $0Net Assets 2022: $210,7312022Assets 2023: $218,718Liabilities 2023: $0Net Assets 2023: $218,7182023Assets 2024: $187,694Liabilities 2024: $0Net Assets 2024: $187,6942024

Highlighted filing

2016

Assets$147,522
Liabilities$0
Net Assets$147,522

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $110,698Expenses 2012: $107,996Net Income 2012: $2,7022012Revenue 2013: $232,355Expenses 2013: $120,911Net Income 2013: $111,4442013Revenue 2014: $176,927Expenses 2014: $163,113Net Income 2014: $13,8142014Revenue 2015: $150,686Expenses 2015: $158,259Net Income 2015: -$7,5732015Revenue 2016: $199,696Expenses 2016: $201,569Net Income 2016: -$1,8732016Revenue 2017: $227,981Expenses 2017: $193,422Net Income 2017: $34,5592017Revenue 2018: $224,311Expenses 2018: $175,453Net Income 2018: $48,8582018Revenue 2019: $224,822Expenses 2019: $233,624Net Income 2019: -$8,8022019Revenue 2020: $130,779Expenses 2020: $144,810Net Income 2020: -$14,0312020Revenue 2021: $232,876Expenses 2021: $244,630Net Income 2021: -$11,7542021Revenue 2022: $240,425Expenses 2022: $226,050Net Income 2022: $14,3752022Revenue 2023: $294,577Expenses 2023: $286,584Net Income 2023: $7,9932023Revenue 2024: $250,536Expenses 2024: $250,715Net Income 2024: -$1792024

Highlighted filing

2016

Revenue$199,696
Expenses$201,569
Net Income-$1,873
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 29, 2017
Return Version
2016v3.0
Gross Receipts
$201,019
Mission and Program Overview

Mission

Happy's farm inc. Is a nonprofit corporation organized and operated exclusively for educational and charitable purposes. Specifically, this organization has been formed to instruct individuals for the purpose of improving or developing their capablilities and to advance education. Our organization has designed and developed one (1) program in furtherance of our purposes. Our program is entitled: happy's farm. The purpose of this program are to instruct individuals for the purpose of improving or developing their capabilities and to advance education. We further our purposes under this program by serving disadvantaged children within the community through educational tutoring and after-school care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$158,880$147,615▼ $11,265
Cash and Non-Interest-Bearing Accounts-$-93-
Total Assets$158,880$147,522▼ $11,358
Liabilities
Unsecured Notes Loans Payable$9,292--
Accounts Payable and Accrued Expenses$193--
Total Liabilities$9,485$0▼ $9,485
Net Assets / Fund Balance
Unrestricted Net Assets$149,395$147,522▼ $1,873
Total Net Assets Fund Balance$149,395$147,522▼ $1,873
Total Liabilities and Net Assets / Fund Balance$158,880$147,522▼ $11,358

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$131,564$73,806$205,370
Equipment$9,264$14,386$23,650
Leasehold Improvements$6,787$263$7,050
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$93,676
Program Service Revenue
$105,917
Investment Income
$-1,323
Other Revenue
$1,426
All Other Contributions
$56,439
Change in Net Assets
$-1,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$35,662--$35,662
All Other Expenses$32,898--$32,898
Depreciation Depletion$27,090--$27,090
Other Expenses$9,488--$9,488
Insurance$3,722--$3,722
Fees for Services Accounting$2,027--$2,027
Advertising$1,693--$1,693
Interest$1,555--$1,555
Office Expenses$475--$475
Total Functional Expenses$201,569$0$0$201,569
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Books are available upon request to anyone who requests in writing.

Filing and Contact Details

Filer

Filer Name
Happys Farm Inc
EIN
27-0761094
Phone
7047986800
Address
985 PARKS ROAD, SALISBURY, NC 28146

Signing Officer

Name
Rhonda Stirewalt
Title
President
Phone
7042795268
Signed
2017-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda Stirewalt
Formed
2010
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
25

Preparer

Firm
Davis Group Pa Cpas
Address
640 STATESVILLE BLVD SUITE 1, SALISBURY, NC 28144
Preparer
Gary L Davis
Phone
7046361040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Happy's farm inc. Is a nonprofit corporation organized and operated exclusively for educational and charitable purposes. Specifically, this organization has been formed to instruct individuals for the purpose of improving or developing their capablilities and to advance education. Our organization has designed and developed one (1) program in furtherance of our purposes. Our program is entitled: happy's farm. The purpose of this program are to instruct individuals for the purpose of improving or developing their capabilities and to advance education. We further our purposes under this program by serving disadvantaged children within the community through educational tutoring and after-school care.

Form 990, Page 2, Part III, Line 4D

Happy's farm inc. Is a nonprofit corporation organized and operated exclusively for educational and charitable purposes. Specifically, this organization has been formed to instruct individuals for the purpose of improving or developing their capablilities and to advance education. Our organization has designed and developed one (1) program in furtherance of our puposes. Our program is entitled: happy's farm. The purposes of this program are to instruct individuals for the purpose of improving or developing their capabilities and to advance education. We further our purposes under this program by serving disadvantaged children within the community through educational tutoring and after-school care.

Form 990, Part IX, Line 24E

Utilities 8,593 0 0 feed 6,072 0 0 charle's fire department 5,448 0 0 summer enrichment & fall 5,427 0 0 telephone 2,872 0 0 gas 2,491 0 0 general supplies 1,634 0 0 taxes 287 0 0 dues 74 0 0 total 32,898 0 0

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IRS990ScheduleD/EquipmentGrp/BookValueAmt09264
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HAPPY'S FARM INC. IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. SPECIFICALLY, THIS ORGANIZATION HAS BEEN FORMED TO INSTRUCT INDIVIDUALS FOR THE PURPOSE OF IMPROVING OR DEVELOPING THEIR CAPABLILITIES AND TO ADVANCE EDUCATION. OUR ORGANIZATION HAS DESIGNED AND DEVELOPED ONE (1) PROGRAM IN FURTHERANCE OF OUR PURPOSES. OUR PROGRAM IS ENTITLED: HAPPY'S FARM. THE PURPOSE OF THIS PROGRAM ARE TO INSTRUCT INDIVIDUALS FOR THE PURPOSE OF IMPROVING OR DEVELOPING THEIR CAPABILITIES AND TO ADVANCE EDUCATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY SERVING DISADVANTAGED CHILDREN WITHIN THE COMMUNITY THROUGH EDUCATIONAL TUTORING AND AFTER-SCHOOL CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HAPPY'S FARM INC. IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. SPECIFICALLY, THIS ORGANIZATION HAS BEEN FORMED TO INSTRUCT INDIVIDUALS FOR THE PURPOSE OF IMPROVING OR DEVELOPING THEIR CAPABLILITIES AND TO ADVANCE EDUCATION. OUR ORGANIZATION HAS DESIGNED AND DEVELOPED ONE (1) PROGRAM IN FURTHERANCE OF OUR PUPOSES. OUR PROGRAM IS ENTITLED: HAPPY'S FARM. THE PURPOSES OF THIS PROGRAM ARE TO INSTRUCT INDIVIDUALS FOR THE PURPOSE OF IMPROVING OR DEVELOPING THEIR CAPABILITIES AND TO ADVANCE EDUCATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY SERVING DISADVANTAGED CHILDREN WITHIN THE COMMUNITY THROUGH EDUCATIONAL TUTORING AND AFTER-SCHOOL CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOKS ARE AVAILABLE UPON REQUEST TO ANYONE WHO REQUESTS IN WRITING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UTILITIES 8,593 0 0 FEED 6,072 0 0 CHARLE'S FIRE DEPARTMENT 5,448 0 0 SUMMER ENRICHMENT & FALL 5,427 0 0 TELEPHONE 2,872 0 0 GAS 2,491 0 0 GENERAL SUPPLIES 1,634 0 0 TAXES 287 0 0 DUES 74 0 0 TOTAL 32,898 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
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IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.HAPPYSFARM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RHONDA STIREWALT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07042795268
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAPPYS FARM INC
ReturnHeader/Filer/BusinessNameControlTxt0HAPP
ReturnHeader/Filer/EIN0270761094
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200210772
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIS GROUP PA CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0640 STATESVILLE BLVD SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028144
ReturnHeader/PreparerPersonGrp/PhoneNum07046361040
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY L DAVIS
ReturnHeader/ReturnTs02017-09-05T10:49:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$2.51$2.51$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.00$2.19$2.95$2.87$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.00$2.11$2.40$2.26$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.00$1.96$2.33$2.45$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.00$2.08$1.31$1.45$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$2.25$2.34$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.00$2.31$2.24$1.75$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$2.28$1.93$0.35
2016Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$2.00$2.02$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.09$1.49$1.51$1.58$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$1.77$1.63$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$2.32$1.21$1.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.44$1.11$1.08$0.03