Civic Intelligence

Turner Farm Events

EIN 45-1191088 • 501(c)3 • Great Falls, VA

Profile

Raise money to help maintain Turner Farm in Great Falls VA

731 Walker Rd Ste EGreat Falls, VA 22066

www.turnerfarmevents.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

80th percentile

29%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-53%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$35,872

Up $8,122 (+29%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

-

No earlier filing loaded for comparison.

Revenue

Down

$12,943

Down $14,402 (-53%) from 2018

Expenses

Down

$4,571

Down $26,039 (-85%) from 2018

Net Income

Up

$8,372

Up $11,637 (+356%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2011: $2,362Liabilities 2011: $02011Assets 2013: $5,047Net Assets 2013: $5,0472013Assets 2014: $8,053Liabilities 2014: $200Net Assets 2014: $7,8532014Assets 2015: $32,821Liabilities 2015: $0Net Assets 2015: $32,8212015Assets 2016: $33,372Liabilities 2016: $0Net Assets 2016: $33,3722016Assets 2017: $31,015Liabilities 2017: $0Net Assets 2017: $31,0152017Assets 2018: $27,750Liabilities 2018: $0Net Assets 2018: $27,7502018Assets 2019: $35,872Liabilities 2019: $02019

Highlighted filing

2019

Assets$35,872
Liabilities$0
Net Assets-

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $12,008Expenses 2011: $9,647Net Income 2011: $2,3612011Revenue 2013: $16,881Expenses 2013: $14,995Net Income 2013: $1,8862013Revenue 2014: $32,451Expenses 2014: $25,295Net Income 2014: $7,1562014Revenue 2015: $140,490Expenses 2015: $115,522Net Income 2015: $24,9682015Revenue 2016: $52,197Expenses 2016: $51,646Net Income 2016: $5512016Revenue 2017: $55,046Expenses 2017: $48,404Net Income 2017: $6,6422017Revenue 2018: $27,345Expenses 2018: $30,610Net Income 2018: -$3,2652018Revenue 2019: $12,943Expenses 2019: $4,571Net Income 2019: $8,3722019

Highlighted filing

2019

Revenue$12,943
Expenses$4,571
Net Income$8,372

Filings

Latest Detailed Filing

The latest 2019 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 14, 2016
Return Version
2015v2.1
Gross Receipts
$140,490
Mission and Program Overview

Mission

The mission of Turner Farm Events is to raise funds to help with the maintenance and improvements of public parks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,858$31,554▲ $23,696
Land, Buildings, and Equipment, Net-$1,072-
Savings and Temporary Cash Investments$195$195→ $0
Total Assets$8,053$32,821▲ $24,768
Liabilities
Accounts Payable and Accrued Expenses$200--
Total Liabilities$200$0▼ $200
Net Assets / Fund Balance
Unrestricted Net Assets$7,853$32,821▲ $24,968
Total Net Assets Fund Balance$7,853$32,821▲ $24,968
Total Liabilities and Net Assets / Fund Balance$8,053$32,821▲ $24,768

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,072$179-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph LoveDirector
Kimberly KaranikDirector
Sarah KirkDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$140,490
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$24,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,522
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
Fees for Services Other$25,671--$25,671
Other Expenses$25,332--$25,332
Advertising$8,189--$8,189
All Other Expenses$7,242$35-$7,277
Insurance$2,852--$2,852
Fees for Services Accounting-$590-$590
Depreciation Depletion$106--$106
Total Functional Expenses$114,897$625$0$115,522
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
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Sarah Kirk and Joseph Love have a mother-son relationship.

Members or stockholder classes and rights Part VI line 6

The founding members of the organization are Sarah Kirk, Joseph Love and Kimberly Karanik. Each member will remain a member until they request to be removed or a vote of two thirds to remove them is cast. Each member will have one voting right and a vote of two thirds is required for any change in standard operating procedures or deviations of the current charity functions.

Member election for additional members Part VI line 7A

Members may be added by an approving vote of two thirds or greater of all voting members. No vote may be official unless two thirds of the voting members are present or cast a vote.

Governing body decisions Part VI line 7B

Each member will have one voting right and a vote of two thirds is required for any change in standard operating procedures or deviations of the current charity functions.

Governing body meeting documentation Part VI line 8A

Members present at the meetings took notes for any changes and items discussed. If changes were made, there was a vote taken and written into the bylaws of the organization.

Form 990 governing body review Part VI line 11

The preliminary form 990 was reviewed by the members and approved, making the preliminary return the finalized return.

Form 990 availability to public Part VI line 18

The form 990 will be made available upon request.

Governing documents etc available to public Part VI line 19

All governing documents can be made available upon request

Filing and Contact Details

Filer

Filer Name
Turner Farm Events
EIN
45-1191088
Address
731 Walker Rd Ste E, Great Falls, VA 22066

Signing Officer

Name
Sarah Kirk
Title
Treasurer
Phone
7033759671
Signed
2016-07-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Sarah Kirk
Formed
2012
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
17

Preparer

Firm
Love Low Taxes Inc
Address
2055 15th St N Ste 300, Arlington, VA 22201
Preparer
Joseph Love
Phone
7033759671
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

In 2015, we undertook a new event to attempt to increase fundraising efforts by hosting a beer festival event. By hosting this event, we were able to raise an additional $10,844, getting us closer to our goal of $90,000 required by Fairfax County Park Authority to build a permanent parking lot at Turner Farm Park.

List of other fees for services expenses Part IX line 11G

These expenses were for services and supplies being used to host the festival. More sales were anticipated but the weather played a large role in decreased sales as it was extremely hot for the first session and stormed during part of the second.

Raw XML Appendix311 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Sarah Kirk and Joseph Love have a mother-son relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The founding members of the organization are Sarah Kirk, Joseph Love and Kimberly Karanik. Each member will remain a member until they request to be removed or a vote of two thirds to remove them is cast. Each member will have one voting right and a vote of two thirds is required for any change in standard operating procedures or deviations of the current charity functions.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each member will have one voting right and a vote of two thirds is required for any change in standard operating procedures or deviations of the current charity functions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Members present at the meetings took notes for any changes and items discussed. If changes were made, there was a vote taken and written into the bylaws of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The preliminary form 990 was reviewed by the members and approved, making the preliminary return the finalized return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The form 990 will be made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7All governing documents can be made available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8In 2015, we undertook a new event to attempt to increase fundraising efforts by hosting a beer festival event. By hosting this event, we were able to raise an additional $10,844, getting us closer to our goal of $90,000 required by Fairfax County Park Authority to build a permanent parking lot at Turner Farm Park.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9These expenses were for services and supplies being used to host the festival. More sales were anticipated but the weather played a large role in decreased sales as it was extremely hot for the first session and stormed during part of the second.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing body meeting documentation Part VI line 8a
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other fees for services expenses Part IX line 11g
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Sarah Kirk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07033759671
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Turner Farm Events
ReturnHeader/Filer/BusinessNameControlTxt0TURN
ReturnHeader/Filer/EIN0451191088
ReturnHeader/Filer/USAddress/AddressLine1Txt0731 Walker Rd Ste E
ReturnHeader/Filer/USAddress/CityNm0Great Falls
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022066
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453032202
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Love Low Taxes Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02055 15th St N Ste 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Arlington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022201
ReturnHeader/PreparerPersonGrp/PhoneNum07033759671
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Love
ReturnHeader/ReturnTs02016-10-25T17:13:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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