Providence Veterans Farm EIN 30-0158051

Providence Veterans Farm

EIN  30-0158051 Religious organization Concord, VA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Helps veterans and first responders heal from trauma and transition using a farm's natural setting.
Leadership
Bethshan McLeod · Operations Manager
Money in and out
$67K revenue, $117K expenses
Bottom line
93% program efficiency

Helps veterans and first responders heal from trauma and transition using a farm's natural setting. For fiscal year 2022 it reported $67K in revenue, $117K in expenses.Pt I

Where the money goes · FY2022
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$50K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs▲ +52% vs prior filing year
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate▼ -95% vs prior filing year
Surplus margin
-75%
revenue over expenses, this year▼ -934% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$67K
FY2022▲ +107%
Expenses
$117K
FY2022▲ +237%
Total assets
$722K
FY2022▼ -23%
Total liabilities
$722K
FY2022▼ -23%
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$50K
Total assetsPt X · Ln 16$722K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $73K of program spending, described in the organization's own filed words · FY2022.
01

Project Mission Mushroom

to train employ and give sustainability to families of Veterans

$47Kprogram expense
02

Provide a farm for Veterans First Responders and their families to visit participate in agriculture and enjoy nature.

$19Kprogram expense
03

Facilitate housing both long and short term for families of Veterans

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProvidence Veterans Farm
EINHdr · item D30-0158051
Principal addressHdr · item CConcord, VA
WebsiteHdr · item Jwww.providencefarm.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X81)
Ruling yearIRS BMFMar 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Operations Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$34K · 51%
Program service revenue$23K · 35%
Contributions & grants$9K · 14%
Investment income51%$34K
Program service revenue35%$23K
Contributions & grants14%$9K
Total revenueLn 12$67K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$108K
Management & general7%$9K
Total functional expensesLn 25$117K

Balance Sheet

Part X · end of year
CashLn 1$31K
Total assetsLn 16$722K
Total liabilitiesLn 26$722K
Total net assetsLn 32$0
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31K · Operating expenses/yr $117K
3.2 months
Where the money goes
Program services
Program services $108K · Total expenses $117K
93%
Management & General
Management & general $9K · Total expenses $117K
7%
Fundraising
Fundraising $0 · Total expenses $117K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $19K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $9K · Total revenue $67K
14%
Government reliance
Government grants $0 · Total revenue $67K
0%
Earned-income share
Program service revenue $23K · Total revenue $67K
35%
Investment reliance
Investment income $34K · Total revenue $67K
+51%
Program self-sufficiency
Program service revenue $23K · Total expenses $117K
20%
Growth & trend
Revenue growth (YoY)
This year $67K · Prior year $32K
+107%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $67K · Expenses $117K
-75%
Liabilities-to-Assets
Total liabilities — · Total assets $722K
Net-asset ratio
Net assets $0 · Total assets $722K
0%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $722K
0%
People & payroll
Highest Reported Total Compensation
Individual Bethshan McLeod · Reported title Operations Manager · Highest reported compensation $0 · Total expenses $117K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6K · Total expenses $117K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth 107%
Investment management fee ratio 0%
Legal fee ratio 5%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$80

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$67K revenue · viewing · ⤓ 990 PDF
FY2021$32K revenue · ⤓ 990 PDF
FY2020$36K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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