Civic Intelligence

Old School Farm Inc.

990 • Fiscal year 2018 • EIN 46-2733792

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 27, 2019

Do Not MailDo Not Mail, TN 37218

(615) 948-0200

Siviq Scores

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

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

53rd percentile

4.4%

Higher net margin than 53% of similar nonprofits.

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

Top Officer Pay

91st percentile

$45,850

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

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

Asset Growth

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

80%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$57,966

Up $9,502 (+20%) from 2017

Net Assets

Up

$53,432

Up $11,248 (+27%) from 2017

Liabilities

Down

$4,534

Down $1,746 (-28%) from 2017

Revenue

Up

$256,845

Up $114,088 (+80%) from 2017

Expenses

Up

$245,597

Up $96,306 (+65%) from 2017

Net Income

Up

$11,248

Up $17,782 (+272%) from 2017

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2013: $14,115Liabilities 2013: $0Net Assets 2013: $14,1152013Assets 2014: $26,423Liabilities 2014: $1,433Net Assets 2014: $24,9902014Assets 2015: $39,934Liabilities 2015: $2,241Net Assets 2015: $37,6932015Assets 2016: $51,028Liabilities 2016: $2,310Net Assets 2016: $48,7182016Assets 2017: $48,464Liabilities 2017: $6,280Net Assets 2017: $42,1842017Assets 2018: $57,966Liabilities 2018: $4,534Net Assets 2018: $53,4322018Assets 2019: $48,514Liabilities 2019: $22,506Net Assets 2019: $26,0082019Assets 2020: $48,484Liabilities 2020: $40,332Net Assets 2020: $8,1522020Assets 2021: $67,279Liabilities 2021: $40,297Net Assets 2021: $26,9822021Assets 2022: $45,075Liabilities 2022: $7,387Net Assets 2022: $37,6882022Assets 2023: $69,765Liabilities 2023: $8,026Net Assets 2023: $61,7392023Assets 2024: $43,440Liabilities 2024: $34,845Net Assets 2024: $8,5952024

Highlighted filing

2018

Assets$57,966
Liabilities$4,534
Net Assets$53,432

Operations Trend

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

$400K$200K$0-$200KRevenue 2013: $19,060Expenses 2013: $4,945Net Income 2013: $14,1152013Revenue 2014: $99,079Expenses 2014: $88,204Net Income 2014: $10,8752014Revenue 2015: $102,372Expenses 2015: $89,669Net Income 2015: $12,7032015Revenue 2016: $122,478Expenses 2016: $111,453Net Income 2016: $11,0252016Revenue 2017: $142,757Expenses 2017: $149,291Net Income 2017: -$6,5342017Revenue 2018: $256,845Expenses 2018: $245,597Net Income 2018: $11,2482018Revenue 2019: $203,410Expenses 2019: $230,834Net Income 2019: -$27,4242019Revenue 2020: $105,634Expenses 2020: $123,490Net Income 2020: -$17,8562020Revenue 2021: $146,604Expenses 2021: $127,775Net Income 2021: $18,8292021Revenue 2022: $169,863Expenses 2022: $159,157Net Income 2022: $10,7062022Revenue 2023: $249,622Expenses 2023: $225,571Net Income 2023: $24,0512023Revenue 2024: $310,497Expenses 2024: $363,641Net Income 2024: -$53,1442024

Highlighted filing

2018

Revenue$256,845
Expenses$245,597
Net Income$11,248
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 27, 2019
Return Version
2018v3.1
Gross Receipts
$267,086
Mission and Program Overview

Mission

Nestled withing the heart of bells bend, ten minutes outside of nashville, lies a new, unique non-profit dedicated to producing quality farm-to-table food while providing employment for individuals that have intellectual disabilities. Old school farm was founded in 2013 on the belief that creating a sustainable farm can also produce sustainable jobs while giving back to the community at large. It is our hope that old school farm will become a model site where you will find individuals of all abilities working side by side.

Nestled within the heart of bells bend, ten minutes outside of nashville. Lies a new, unique non-profit dedicated to producing quality farm-to-table food while providing employment for individuals that have intellectual disabilities. Old school farm was founded in 2013 on the behalf that creating a sustainable farm can also produce sustainable jobs while giving back to the community at large. It is our hope that old school farm will become a model site where you will find individuals or all abilities working side by side.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,195$36,990▲ $4,795
Cash and Non-Interest-Bearing Accounts$6,379$10,243▲ $3,864
Accounts Receivable$5,137$5,980▲ $843
Inventories for Sale or Use$1,388$1,388→ $0
Total Assets$48,464$57,966▲ $9,502
Other Assets Total$3,365$3,365→ $0
Liabilities
Other Liabilities$3,285$4,209▲ $924
Accounts Payable and Accrued Expenses$2,995$325▼ $2,670
Total Liabilities$6,280$4,534▼ $1,746
Net Assets / Fund Balance
Unrestricted Net Assets$42,184$53,432▲ $11,248
Total Net Assets Fund Balance$42,184$53,432▲ $11,248
Total Liabilities and Net Assets / Fund Balance$48,464$57,966▲ $9,502

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$36,990$28,376$65,366
Other Assets Org$3,365--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dustin JacobsenExecutive DiFT$45,850$45,850

Board Members and Trustees

NameTitle
Susan RichardsonPresident
BARRY O'NEILLDirector
Chip RiegerDirector
Katherine LewisDirector
Jim MechanSecretary
Rowan MillarVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$142,328
Program Service Revenue
$124,758
Investment Income
$0
Other Revenue
$-10,241
All Other Contributions
$114,106
Change in Net Assets
$11,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$190,635
Other Expenses$54,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,121--$130,121
Current Officers, Directors, Trustees, and Key Employees$45,850--$45,850
All Other Expenses$17,117--$17,117
Payroll Taxes$14,664--$14,664
Depreciation Depletion$4,254--$4,254
Other Expenses$3,089--$3,089
Advertising$2,802--$2,802
Insurance$317--$317
Fees for Services Legal$269--$269
Total Functional Expenses$245,597$0$0$245,597
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,241
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Unearthing Nash$24,610-$10,091-
Total Events$24,610-$10,091$-10,091
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$4,209
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Old School Farm Inc
EIN
46-2733792
Phone
6159480200
Address
DO NOT MAIL, DO NOT MAIL, TN 37218

Signing Officer

Name
Dustin Jacobsen
Title
Executive Director
Phone
6159480200
Signed
2019-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dustin Jacobsen
Formed
2013
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
13
Volunteers
100

Preparer

Firm
Patterson Hardee & Ballentine Pc
Address
1889 GENERAL GEORGE PATTON DR SUIT, FRANKLIN, TN 37067-6294
Preparer
Sarah C Hardee CPA
Phone
6157505537
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Nestled within the heart of bells bend, ten minutes outside of nashville. Lies a new, unique non-profit dedicated to producing quality farm-to-table food while providing employment for individuals that have intellectual disabilities. Old school farm was founded in 2013 on the behalf that creating a sustainable farm can also produce sustainable jobs while giving back to the community at large. It is our hope that old school farm will become a model site where you will find individuals or all abilities working side by side.

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

Provide a community supported agriculture membership program which provides

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IRS990/ProgSrvcAccomActy2Grp/Desc0TRAINING AND EMPLOYMENT FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES ON HOW TO GROW AND PRODUCE AND FARM THE LAND.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE A COMMUNITY SUPPORTED AGRICULTURE MEMBERSHIP PROGRAM WHICH PROVIDES
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0142757
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt095784
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt092021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt086497
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028376
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt03365
IRS990ScheduleD/TotalLiabilityAmt04209
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt024610
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-10091
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010091
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010091
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NESTLED WITHIN THE HEART OF BELLS BEND, TEN MINUTES OUTSIDE OF NASHVILLE. LIES A NEW, UNIQUE NON-PROFIT DEDICATED TO PRODUCING QUALITY FARM-TO-TABLE FOOD WHILE PROVIDING EMPLOYMENT FOR INDIVIDUALS THAT HAVE INTELLECTUAL DISABILITIES. OLD SCHOOL FARM WAS FOUNDED IN 2013 ON THE BEHALF THAT CREATING A SUSTAINABLE FARM CAN ALSO PRODUCE SUSTAINABLE JOBS WHILE GIVING BACK TO THE COMMUNITY AT LARGE. IT IS OUR HOPE THAT OLD SCHOOL FARM WILL BECOME A MODEL SITE WHERE YOU WILL FIND INDIVIDUALS OR ALL ABILITIES WORKING SIDE BY SIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROVIDE A COMMUNITY SUPPORTED AGRICULTURE MEMBERSHIP PROGRAM WHICH PROVIDES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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
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IRS990/TotalEmployeeCnt013
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0245597
IRS990/TotalFunctionalExpensesGrp/TotalAmt0245597
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06280
IRS990/TotalLiabilitiesEOYAmt04534
IRS990/TotalLiabilitiesGrp/BOYAmt06280
IRS990/TotalLiabilitiesGrp/EOYAmt04534
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt042184
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt053432
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0180
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0180
IRS990/TotalProgramServiceExpensesAmt0245597
IRS990/TotalProgramServiceRevenueAmt0124758
IRS990/TotalReportableCompFromOrgAmt045850
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0124758
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256845
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt048464
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt057966
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt042184
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IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.OLDSCHOOLFARM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DUSTIN JACOBSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06159480200
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLD SCHOOL FARM INC
ReturnHeader/Filer/BusinessNameControlTxt0OLDS
ReturnHeader/Filer/EIN0462733792
ReturnHeader/Filer/PhoneNum06159480200
ReturnHeader/Filer/USAddress/AddressLine1Txt0DO NOT MAIL
ReturnHeader/Filer/USAddress/CityNm0DO NOT MAIL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037218
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05CF5A6A0BB10EF5F50B41278D5EDE86E814E627C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId019979620FB6358DE224B622CBAB24B6AAC1374B5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.195.70.114
ReturnHeader/FilingSecurityInformation/IPDt02019-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:05:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450784806
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTERSON HARDEE & BALLENTINE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01889 GENERAL GEORGE PATTON DR SUIT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRANKLIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0370676294
ReturnHeader/PreparerPersonGrp/PhoneNum06157505537
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH C HARDEE CPA
ReturnHeader/ReturnTs02019-11-05T09:05:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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