Civic Intelligence

Turner Farm Events

990 • Fiscal year 2017 • EIN 45-1191088

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 15, 2018

815 Blacks Hill RdGreat Falls, VA 22066

(703) 375-9671

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

32nd percentile

-7.1%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

5.5%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$31,015

Down $2,357 (-7.1%) from 2016

Net Assets

Down

$31,015

Down $2,357 (-7.1%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$55,046

Up $2,849 (+5.5%) from 2016

Expenses

Down

$48,404

Down $3,242 (-6.3%) from 2016

Net Income

Up

$6,642

Up $6,091 (+1105%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$31,015
Liabilities$0
Net Assets$31,015

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$55,046
Expenses$48,404
Net Income$6,642
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 15, 2018
Return Version
2017v2.2
Gross Receipts
$55,046
Mission and Program Overview

Mission

Raise money to help maintain Turner Farm in Great Falls VA

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$28,056$30,815▲ $2,759
Prepaid Expenses and Deferred Charges$2,251--
Accounts Receivable$2,008--
Land, Buildings, and Equipment, Net$862--
Savings and Temporary Cash Investments$195$200▲ $5
Total Assets$33,372$31,015▼ $2,357
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$33,372$31,015▼ $2,357
Total Net Assets Fund Balance$33,372$31,015▼ $2,357
Total Liabilities and Net Assets / Fund Balance$33,372$31,015▼ $2,357
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharon MolsterPresident
Shannon FoxAccountant and Director
Jane FragolaDirector
Joseph LoveDirector
Kimberly KaranikDirector
Pam McDormanDirector
Sarah KirkDirector
Wendy MasemerDirector
Karen WashburnSecretary
Michael A FragolaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,030
Program Service Revenue
$54,016
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,030
Change in Net Assets
$6,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,046
Total Revenue per Audited Statements
$55,046
Total Revenue per Form 990
$55,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,153
Grants and Similar Amounts Paid$2,251
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$15,859--$15,859
Fees for Services Other$9,553--$9,553
Grants to Domestic Orgs$2,251--$2,251
Insurance$915--$915
Advertising$524--$524
Information Technology$490--$490
Other Expenses$310--$310
Fees for Services Accounting$213--$213
Travel$31--$31
Total Functional Expenses$48,404$0$0$48,404

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$48,404
Total Expenses per Audited Statements$48,404
Total Expenses per Form 990$48,404
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
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Michael A. Fragola and Jane Fragola have a husband-wife relationship.

Organizational document changes Part VI line 4

The Board met in February of 2018 and a new Board was elected, and operating agreement we re-signed by the new Board.

Members or stockholder classes and rights Part VI line 6

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
815 Blacks Hill Rd, Great Falls, VA 22066

Signing Officer

Name
Michael A Fragola
Title
Treasurer
Phone
7032820540
Signed
2018-03-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Sharon Molster
Formed
2012
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
28

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

Explanation of other changes in net assets or fund balances Part XI line 9

There had been a check written to Fairfax County Park Authority prior to the Year End 2016 that had not been accounted for on the 2016 form 990. The adjustment has been made to reflect this additional contribution in the prior year.

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

Additional information schedules have been attached with the specific expense type to host the charity events.

List of other expenses Part IX line 24E

Additional information schedules have been attached with the specific expense type to host the charity events.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt016881
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Sarah Kirk
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Joseph Love
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Kimberly Karanik
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Michael A. Fragola and Jane Fragola have a husband-wife relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board met in February of 2018 and a new Board was elected, and operating agreement we re-signed by the new Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each 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/ExplanationTxt5Members 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/ExplanationTxt6The preliminary form 990 was reviewed by the members and approved, making the preliminary return the finalized return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The form 990 will be made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8All governing documents can be made available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9There had been a check written to Fairfax County Park Authority prior to the Year End 2016 that had not been accounted for on the 2016 form 990. The adjustment has been made to reflect this additional contribution in the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Additional information schedules have been attached with the specific expense type to host the charity events.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Additional information schedules have been attached with the specific expense type to host the charity events.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11List of other expenses Part IX line 24e
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt055046
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/USAddress/AddressLine1Txt0815 Blacks Hill Rd
IRS990/USAddress/CityNm0Great Falls
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022066
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.turnerfarmevents.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael A Fragola
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07032820540
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Turner Farm Events
ReturnHeader/Filer/BusinessNameControlTxt0TURN
ReturnHeader/Filer/EIN0451191088
ReturnHeader/Filer/USAddress/AddressLine1Txt0815 Blacks Hill Rd
ReturnHeader/Filer/USAddress/CityNm0Great Falls
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022066
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01A870672CCC156149494796AE36EA9304D2B879C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01A870672CCC156149494796AE36EA9304D2B879C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05425562018319uefhrny
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.204.3.162
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTm015:27:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453032202

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