Civic Intelligence

Beverly Farm Endowment Fund Inc

990 • Fiscal year 2021 • EIN 37-1237368

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 01, 2021

6301 Humbert RdGodfrey, IL 62035

(618) 466-0367

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

5th percentile

0.00x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$127,741

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

83rd percentile

31%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

264%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$23,981,259

Up $5,641,158 (+31%) from 2020

Net Assets

Up

$23,981,259

Up $5,646,911 (+31%) from 2020

Liabilities

Down

$0

Down $5,753 (-100%) from 2020

Revenue

Up

$3,406,636

Up $2,469,865 (+264%) from 2020

Expenses

Up

$156,218

Up $18,365 (+13%) from 2020

Net Income

Up

$3,250,418

Up $2,451,500 (+307%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $6,069,956Liabilities 2011: $0Net Assets 2011: $6,069,9562011Assets 2012: $6,482,899Liabilities 2012: $0Net Assets 2012: $6,482,8992012Assets 2013: $8,433,885Liabilities 2013: $0Net Assets 2013: $8,433,8852013Assets 2014: $9,815,212Liabilities 2014: $0Net Assets 2014: $9,815,2122014Assets 2015: $10,014,807Liabilities 2015: $0Net Assets 2015: $10,014,8072015Assets 2016: $10,377,709Liabilities 2016: $0Net Assets 2016: $10,377,7092016Assets 2017: $11,096,553Liabilities 2017: $0Net Assets 2017: $11,096,5532017Assets 2018: $17,475,745Liabilities 2018: $0Net Assets 2018: $17,475,7452018Assets 2019: $23,584,039Liabilities 2019: $0Net Assets 2019: $23,584,0392019Assets 2020: $18,340,101Liabilities 2020: $5,753Net Assets 2020: $18,334,3482020Assets 2021: $23,981,259Liabilities 2021: $0Net Assets 2021: $23,981,2592021Assets 2022: $21,104,659Liabilities 2022: $0Net Assets 2022: $21,104,6592022Assets 2023: $20,571,303Liabilities 2023: $0Net Assets 2023: $20,571,3032023Assets 2024: $21,725,079Liabilities 2024: $0Net Assets 2024: $21,725,0792024Assets 2025: $22,604,531Liabilities 2025: $0Net Assets 2025: $22,604,5312025

Highlighted filing

2021

Assets$23,981,259
Liabilities$0
Net Assets$23,981,259

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $35,2632011Expenses 2012: $49,4782012Expenses 2013: $72,2982013Revenue 2014: $1,009,969Expenses 2014: $93,977Net Income 2014: $915,9922014Revenue 2015: $304,151Expenses 2015: $104,556Net Income 2015: $199,5952015Revenue 2016: $82,509Expenses 2016: $92,282Net Income 2016: -$9,7732016Revenue 2017: $416,891Expenses 2017: $105,192Net Income 2017: $311,6992017Revenue 2018: $6,049,220Expenses 2018: $114,537Net Income 2018: $5,934,6832018Revenue 2019: $6,248,550Expenses 2019: $140,256Net Income 2019: $6,108,2942019Revenue 2020: $936,771Expenses 2020: $137,853Net Income 2020: $798,9182020Revenue 2021: $3,406,636Expenses 2021: $156,218Net Income 2021: $3,250,4182021Revenue 2022: $890,142Expenses 2022: $61,532Net Income 2022: $828,6102022Revenue 2023: $1,278,152Expenses 2023: $0Net Income 2023: $1,278,1522023Revenue 2024: $523,587Expenses 2024: $0Net Income 2024: $523,5872024Revenue 2025: $955,875Expenses 2025: $115Net Income 2025: $955,7602025

Highlighted filing

2021

Revenue$3,406,636
Expenses$156,218
Net Income$3,250,418
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 1, 2021
Return Version
2020v4.1
Gross Receipts
$7,809,862
Mission and Program Overview

Mission

Beverly farm endowment fund accepts public donations and maintains a portfolio of investments for the beverly farm foundation. The endowment fund provides funds for special projects to the foundation and is responsive to their needs for capital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,885,045$22,688,174▲ $5,803,129
Total Assets$18,340,101$23,981,259▲ $5,641,158
Other Assets Total$1,455,056$1,293,085▼ $161,971
Liabilities
Other Liabilities$5,753$0▼ $5,753
Total Liabilities$5,753$0▼ $5,753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,521,972$21,901,908▲ $5,379,936
Net Assets With Donor Restrictions$1,812,376$2,079,351▲ $266,975
Total Net Assets Fund Balance$18,334,348$23,981,259▲ $5,646,911
Total Liabilities and Net Assets / Fund Balance$18,340,101$23,981,259▲ $5,641,158

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,293,085--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$18,334,348$2,604,649▲ $4,032,132$833,652$23,981,259
2019$18,695,438$31,936▲ $904,835$1,160,008$18,334,348
2018$17,475,745$33,889▲ $1,326,060-$18,695,438
2017$11,096,553$5,610,221▲ $883,508-$17,475,745
2016$10,377,709$174,000▲ $752,036$102,000$11,096,553
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Eric KeithChief Financial Office-$127,741$127,741
John HuleskampExecutive Director-$98,830$98,830
Sandra FerrisInterim Exec Director-$77,273$77,273
Brenda MillerFinance DirectorPT$58,587$58,587
Amanda SchroederControllerPT$48,397$48,397

Board Members and Trustees

NameTitle
Dr David ByersChair
Jeffrey RosignolVice President
Crystal OfficerChief Exec Director
Brian BirnbaumDirector
Charlene SpicelandDirector
Christopher TaylorDirector
Dale BlachfordDirector
David SpicelandDirector
Carolyn MayhallSecretary
Roger QueenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,604,649
Program Service Revenue
$0
Investment Income
$801,987
Other Revenue
$0
All Other Contributions
$2,604,649
Change in Net Assets
$3,250,418

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$21,376Dow Jones Industrial Avg
Total Noncash Contributions2$21,376-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,272,627
Revenue Not Reported on Financial Statements
$134,009
Revenue Not Reported on Form 990
$3,364,154
Total Revenue per Audited Statements
$6,636,781
Total Revenue per Form 990
$3,406,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,218
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
Other Expenses-$156,218-$156,218
Total Functional Expenses$0$156,218$0$156,218

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$156,218
Total Expenses per Audited Statements$156,218
Total Expenses per Form 990$156,218
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Line 11a explanation - the 990 is reviewed by the executive director, the chief financial officer and the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

The board and officers report any potential conflicts of interest. The board and outside legal counsel meet periodically to review the policy and resolve any potential conflicts.

Form 990, Part VI, Section B, Line 15A

Bylaws state that compensation of exec director gets reviewed by the board.

Form 990, Part VI, Section C, Line 19

Form 990 and financial statements are available upon request. Some policies and financial statements are available on beverly farm's webpage. All policies can be found in the employee handbook.

Filing and Contact Details

Filer

Filer Name
Beverly Farm Endowment Fund Inc
EIN
37-1237368
Phone
6184660367
Address
6301 HUMBERT RD, GODFREY, IL 62035

Signing Officer

Name
Amanda Schroeder
Title
CEO
Phone
6184660367
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Scheffel Boyle
Address
322 STATE ST, ALTON, IL 62002-6135
Preparer
Kathleen Fitzgerald CPA
Phone
6184654288
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfers out of property acquisitions -833,652.

Part XII, Line 2C

Committee for oversight of audit: process has not changed since prior year.

Financial Statement Notes

PART X, LINE 2:

Accounting standards codification topic 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Topic 740 developed a two-step process to evaluate a tax position and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The organization has not recorded a reserve for any tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The organization files tax returns in all appropriate jurisdictions. The open tax years are those years ended june 30, 2018 through june 30, 2021. The tax return for the year ended june 30, 2021 has not been filed as of the date of this report. As of june 30, 2021 and 2020, the organization has no recorded liability for unrecognized tax benefits. The organization recognizes interest and penalties related to uncertain tax positions as interest expense and penalties as incurred. No such expense was recognized for the years ended june 30, 2021 and 2020.

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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0455282
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0455282
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03230145
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016521972
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt021901908
IRS990/NoncashContributionsAmt021376
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01455056
IRS990/OtherAssetsTotalGrp/EOYAmt01293085
IRS990/OtherChangesInNetAssetsAmt0-833652
IRS990/OtherExpensesGrp/Desc0BROKERAGE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0156218
IRS990/OtherExpensesGrp/TotalAmt0156218
IRS990/OtherLiabilitiesGrp/BOYAmt05753
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt031936
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0904835
IRS990/PYOtherExpensesAmt0137853
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0798918
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0137853
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0936771
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt03250418
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0BEVERLY FARM ENDOWMENT FUND HOLDS THE INVESTMENTS AND RECEIVES MEMORIAL AND HONORARIUM DONATIONS TO BEVERLY FARM.HISTORICALLY, THE ENDOWMENT FUND RECEIVED SOME LARGE BEQUESTS THAT MADE IT DIFFICULT TO PASS THE PUBLIC SUPPORT TEST.ADDITIONAL PUBLIC SUPPORT IS RECORDED IN BEVERLY FARM FOUNDATION (A RELATED PUBLIC CHARITY) WHICH HAS A PUBLIC SUPPORT PERCENTAGE OF 99%.THE ENDOWMENT FUND IS ORGANIZED AND AT ALL TIMES OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF BEVERLY FARM FOUNDATION, A RELATED PUBLIC CHARITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: $5,589,801 CONTIBUTION OF WHICH $150,000 IS NOT UNUASUAL DATE: 06/30/18 AMOUNT: 0. DESCRIPTION: $4,888,601 CONTRIBUTION OF WHICH $50,000 IS NOT UNUSUAL DATE: 06/30/19 AMOUNT: 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02604647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt031936
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt083889
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0170421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0174000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03064893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0346705
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0397147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0339655
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0273992
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0208033
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01565532
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.37320
IRS990ScheduleA/PublicSupportPY170Pct00.19930
IRS990ScheduleA/PublicSupportTotal170Amt01727938
IRS990ScheduleA/SubstantialContributorsTotAmt01336955
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02604647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt031936
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt083889
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0170421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0174000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03064893
IRS990ScheduleA/TotalSupportAmt04630425
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.90000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0156218
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt018334348
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02604649
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt023981259
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04032132
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0833652
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0137853
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt018695438
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt031936
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt018334348
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0904835
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01160008
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0140256
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt017475745
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt033889
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt018695438
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01326060
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0114537
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt011096553
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05610221
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt017475745
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0883508
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0105192
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010377709
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0174000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt011096553
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0752036
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0102000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0156218
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0134009
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03364154
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01293085
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED ENTITIES
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/RevenueNotReportedAmt03364154
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0134009
IRS990ScheduleD/RevenueSubtotalAmt03272627
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING STANDARDS CODIFICATION TOPIC 740 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TOPIC 740 DEVELOPED A TWO-STEP PROCESS TO EVALUATE A TAX POSITION AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ORGANIZATION HAS NOT RECORDED A RESERVE FOR ANY TAX POSITIONS FOR WHICH THE ULTIMATE DEDUCTIBILITY IS HIGHLY CERTAIN BUT FOR WHICH THERE IS UNCERTAINTY ABOUT THE TIMING OF SUCH DEDUCTIBILITY. THE ORGANIZATION FILES TAX RETURNS IN ALL APPROPRIATE JURISDICTIONS. THE OPEN TAX YEARS ARE THOSE YEARS ENDED JUNE 30, 2018 THROUGH JUNE 30, 2021. THE TAX RETURN FOR THE YEAR ENDED JUNE 30, 2021 HAS NOT BEEN FILED AS OF THE DATE OF THIS REPORT. AS OF JUNE 30, 2021 AND 2020, THE ORGANIZATION HAS NO RECORDED LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES AS INCURRED. NO SUCH EXPENSE WAS RECOGNIZED FOR THE YEARS ENDED JUNE 30, 2021 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01293085
IRS990ScheduleD/TotalExpensesPerForm990Amt0156218
IRS990ScheduleD/TotalRevenuePerForm990Amt03406636
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06636781
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0156218
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0DOW JONES INDUSTRIAL AVG
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt021376
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE CHIEF FINANCIAL OFFICER AND THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND OFFICERS REPORT ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD AND OUTSIDE LEGAL COUNSEL MEET PERIODICALLY TO REVIEW THE POLICY AND RESOLVE ANY POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BYLAWS STATE THAT COMPENSATION OF EXEC DIRECTOR GETS REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SOME POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE ON BEVERLY FARM'S WEBPAGE. ALL POLICIES CAN BE FOUND IN THE EMPLOYEE HANDBOOK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFERS OUT OF PROPERTY ACQUISITIONS -833,652.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMMITTEE FOR OVERSIGHT OF AUDIT: PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BEVERLY FARM FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BEVERLY FARM ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2BEVERLYFARM LIVING OPTIONS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0370765971
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1371237369
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2370765971
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CARING FOR DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1CARING FOR DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2CARING FOR DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PUBLIC SUPPORTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.6$0.00$22.6$0.96$0.00$0.96
2024Detailed filing. Detailed filing data is available for this year.$21.7$0.00$21.7$0.52$0.00$0.52
2023Detailed filing. Detailed filing data is available for this year.$20.6$0.00$20.6$1.28$0.00$1.28
2022Detailed filing. Detailed filing data is available for this year.$21.1$0.00$21.1$0.89$0.06$0.83
2021Detailed filing. Detailed filing data is available for this year.$24.0$0.00$24.0$3.41$0.16$3.25
2020Detailed filing. Detailed filing data is available for this year.$18.3$0.01$18.3$0.94$0.14$0.80
2019Detailed filing. Detailed filing data is available for this year.$23.6$0.00$23.6$6.25$0.14$6.11
2018Detailed filing. Detailed filing data is available for this year.$17.5$0.00$17.5$6.05$0.11$5.93
2017Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$0.42$0.11$0.31
2016Detailed filing. Detailed filing data is available for this year.$10.4$0.00$10.4$0.08$0.09$0.01
2015Detailed filing. Detailed filing data is available for this year.$10.0$0.00$10.0$0.30$0.10$0.20
2014Detailed filing. Detailed filing data is available for this year.$9.82$0.00$9.82$1.01$0.09$0.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.43$0.00$8.43$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$0.00$6.48$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.00$6.07$0.04