Civic Intelligence

Saving Grace Farm Inc.

990EZ • Fiscal year 2023 • EIN 56-2201244

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 08, 2023

725 Jackson RdSalisbury, NC 28146

(704) 209-6577

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • NTEE P80 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.01x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • NTEE P80 • <$500k nonprofits • Source year 2023

Net Margin

28th percentile

-2.7%

Higher net margin than 28% of similar nonprofits.

2023 filings • NTEE P80 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$27,550

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 18.8% of source-year revenue.

2023 filings • NTEE P80 • <$500k nonprofits • Source year 2023

Asset Growth

28th percentile

-9.7%

Faster asset growth than 28% of similar nonprofits.

2023 filings • NTEE P80 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-10%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • NTEE P80 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$47,022

Down $5,035 (-9.7%) from 2022

Net Assets

Down

$46,023

Down $3,965 (-7.9%) from 2022

Liabilities

Down

$999

Down $1,070 (-52%) from 2022

Revenue

Down

$146,447

Down $16,527 (-10%) from 2022

Expenses

Up

$150,411

Up $22,573 (+18%) from 2022

Net Income

Down

-$3,964

Down $39,100 (-111%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $174,331Liabilities 2011: $4272011Assets 2012: $166,804Liabilities 2012: $9642012Assets 2013: $169,124Liabilities 2013: $1,1102013Assets 2014: $228,032Liabilities 2014: $5,0002014Assets 2015: $162,891Liabilities 2015: $02015Assets 2016: $11,053Liabilities 2016: $02016Assets 2017: $6,907Liabilities 2017: $02017Assets 2018: $9,683Liabilities 2018: $02018Assets 2019: $15,710Liabilities 2019: $1,085Net Assets 2019: $14,6252019Assets 2020: $11,220Liabilities 2020: $616Net Assets 2020: $10,6042020Assets 2021: $15,948Liabilities 2021: $1,096Net Assets 2021: $14,8522021Assets 2022: $52,057Liabilities 2022: $2,069Net Assets 2022: $49,9882022Assets 2023: $47,022Liabilities 2023: $999Net Assets 2023: $46,0232023Assets 2024: $65,679Liabilities 2024: $1,0562024Assets 2025: $165,575Liabilities 2025: $3,416Net Assets 2025: $162,1592025

Highlighted filing

2023

Assets$47,022
Liabilities$999
Net Assets$46,023

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $57,055Expenses 2011: $58,100Net Income 2011: -$1,0452011Revenue 2012: $70,881Expenses 2012: $78,945Net Income 2012: -$8,0642012Revenue 2013: $68,246Expenses 2013: $66,072Net Income 2013: $2,1742013Revenue 2014: $96,119Expenses 2014: $84,871Net Income 2014: $11,2482014Revenue 2015: $25,246Expenses 2015: $85,387Net Income 2015: -$60,1412015Revenue 2016: -$97,384Expenses 2016: $54,454Net Income 2016: -$151,8382016Revenue 2017: $34,832Expenses 2017: $38,978Net Income 2017: -$4,1462017Revenue 2018: $49,896Expenses 2018: $47,120Net Income 2018: $2,7762018Revenue 2019: $69,624Expenses 2019: $64,681Net Income 2019: $4,9432019Revenue 2020: $76,982Expenses 2020: $81,003Net Income 2020: -$4,0212020Revenue 2021: $94,285Expenses 2021: $90,036Net Income 2021: $4,2492021Revenue 2022: $162,974Expenses 2022: $127,838Net Income 2022: $35,1362022Revenue 2023: $146,447Expenses 2023: $150,411Net Income 2023: -$3,9642023Revenue 2024: $182,766Expenses 2024: $164,166Net Income 2024: $18,6002024Revenue 2025: $269,887Expenses 2025: $172,353Net Income 2025: $97,5342025

Highlighted filing

2023

Revenue$146,447
Expenses$150,411
Net Income-$3,964
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$163,123
Mission and Program Overview

Mission

Saving grace farm inc.'s mission is to enrich the quality of life and promote the abilities of individuals and families through equine assisted services.

Saving grace farm inc.'s mission is to provide therapeutic equine services to children and adults, including veterans, who suffer from physical and/or mental disabilities and challenges.

Program Services

DescriptionGrantsExpenses
PROVIDED THERAPEUTIC EQUINE SERVICES TO CHILDREN AND ADULTS, INCLUDING VETERANS, WHO SUFFER FROM PHYSICAL AND/OR MENTAL DISABILITIES AND CHALLENGES-$118,804
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JANNA GRIGGSExecutive DiFT$27,550-$27,550
KAREN BARBEE-ZIEGLERPresident-$0--
RANDY ELIUMVice Preside-$0--
ELIZABETH GEROMETTATreasurer-$0--
LESA PRINCESecretary-$0--
BRYSON BOYDMember-$0--
BETH DIXONMember-$0--
TOM BARBARA TEICHROEWMember-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$34,151$34,151$16,676$17,475
Total Events$34,151$34,151$16,676$17,475
Filing and Contact Details

Filer

Filer Name
Saving Grace Farm Inc
EIN
56-2201244
Phone
7042096577
Address
725 JACKSON RD, SALISBURY, NC 28146

Signing Officer

Name
Elizabeth Gerometta
Title
Treasurer
Phone
7042096577
Signed
2023-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Brent H Parks CPA Pa
Address
1816 E INNES ST STE 101, SALISBURY, NC 28146-6027
Preparer
Brent H Parks
Phone
7046338700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising & promotion 2,088 background checks 218 barn supplies 368 camp supplies 417 continuing education 1,442 dues & subscriptions 2,583 equipment rental 1,576 horse care 36,806 insurance 1,521 lesson supplies 380 other expenses 344 phone & internet 1,817 shipping 183 taxes & licenses 596 travel 524 volunteer expenses 824 non-investment depreciation 2,463 total 54,150

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 0 72 37,005 38,605 less accumulated depreciation 2,251 4,714 sales tax receivable 0 700 total 34,754 34,663

Form 990-ez, Part II, Line 26

Federal 941 taxes payable 1,651 546 state withholding taxes payable 418 453

Form 990-ez, Part III

Saving grace farm inc.'s mission is to provide therapeutic equine services to children and adults, including veterans, who suffer from physical and/or mental disabilities and challenges.

Raw XML Appendix184 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt727550
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KAREN BARBEE-ZIEGLER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ELIZABETH GEROMETTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LESA PRINCE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRYSON BOYD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5BETH DIXON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6TOM BARBARA TEICHROEW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JANNA GRIGGS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt034754
IRS990EZ/OtherAssetsTotalDetail/EOYAmt034663
IRS990EZ/OtherExpensesTotalAmt054150
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IRS990EZ/PrimaryExemptPurposeTxt0SAVING GRACE FARM INC.'S MISSION IS TO PROVIDE THERAPEUTIC EQUINE SERVICES TO CHILDREN AND ADULTS, INCLUDING VETERANS, WHO SUFFER FROM PHYSICAL AND/OR MENTAL DISABILITIES AND CHALLENGES.
IRS990EZ/ProgramServiceRevenueAmt066329
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDED THERAPEUTIC EQUINE SERVICES TO CHILDREN AND ADULTS, INCLUDING VETERANS, WHO SUFFER FROM PHYSICAL AND/OR MENTAL DISABILITIES AND CHALLENGES
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0118804
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & PROMOTION 2,088 BACKGROUND CHECKS 218 BARN SUPPLIES 368 CAMP SUPPLIES 417 CONTINUING EDUCATION 1,442 DUES & SUBSCRIPTIONS 2,583 EQUIPMENT RENTAL 1,576 HORSE CARE 36,806 INSURANCE 1,521 LESSON SUPPLIES 380 OTHER EXPENSES 344 PHONE & INTERNET 1,817 SHIPPING 183 TAXES & LICENSES 596 TRAVEL 524 VOLUNTEER EXPENSES 824 NON-INVESTMENT DEPRECIATION 2,463 TOTAL 54,150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 0 72 37,005 38,605 LESS ACCUMULATED DEPRECIATION 2,251 4,714 SALES TAX RECEIVABLE 0 700 TOTAL 34,754 34,663
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FEDERAL 941 TAXES PAYABLE 1,651 546 STATE WITHHOLDING TAXES PAYABLE 418 453
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SAVING GRACE FARM INC.'S MISSION IS TO PROVIDE THERAPEUTIC EQUINE SERVICES TO CHILDREN AND ADULTS, INCLUDING VETERANS, WHO SUFFER FROM PHYSICAL AND/OR MENTAL DISABILITIES AND CHALLENGES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH GEROMETTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07042096577
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAVING GRACE FARM INC
ReturnHeader/Filer/BusinessNameControlTxt0SAVI
ReturnHeader/Filer/EIN0562201244
ReturnHeader/Filer/PhoneNum07042096577
ReturnHeader/Filer/USAddress/AddressLine1Txt0725 JACKSON RD
ReturnHeader/Filer/USAddress/CityNm0SALISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028146
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRENT H PARKS CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01816 E INNES ST STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0281466027
ReturnHeader/PreparerPersonGrp/PhoneNum07046338700
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT H PARKS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-10T12:10:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ELIZABETH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GEROMETTA
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.03$1.62$2.70$1.72$0.98
2024Summary only. Only limited summary data is available for this year.$0.66$0.01$1.83$1.64$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.46$1.46$1.50$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.02$0.50$1.63$1.28$0.35
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.94$0.90$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.11$0.77$0.81$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.70$0.65$0.05
2018Summary only. Only limited summary data is available for this year.$0.10$0.00$0.50$0.47$0.03
2017Summary only. Only limited summary data is available for this year.$0.07$0.00$0.35$0.39$0.04
2016Summary only. Only limited summary data is available for this year.$0.11$0.00$0.97$0.54$1.52
2015Summary only. Only limited summary data is available for this year.$1.63$0.00$0.25$0.85$0.60
2014Summary only. Only limited summary data is available for this year.$2.28$0.05$0.96$0.85$0.11
2013Summary only. Only limited summary data is available for this year.$1.69$0.01$0.68$0.66$0.02
2012Summary only. Only limited summary data is available for this year.$1.67$0.01$0.71$0.79$0.08
2011Summary only. Only limited summary data is available for this year.$1.74$0.00$0.57$0.58$0.01
Peer Organizations

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