Beverly Farm Foundation FY2023 filing

Tax-deductible

Godfrey, IL501(c)(3)Since 1957Human ServicesEIN 37-0765971Revenue $24.9M in FY2023

On file with the IRSbeverlyfarm.org6301 Humbert Rd, 62035-2163 · Godfrey, ILTax-exempt since Aug 1959Publicly supported charity — 170(b)(1)(A)(vi)

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To provide residential and training options for persons with developmental disabilities.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$270K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $3.4M a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$270K
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $188K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.0M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.9M
-44% vs prior year
Spent
$28.1M
To programs
78%
Net assets
$26.3M
By yearFY2021–FY2025
Revenue
$24.9M
FY2023▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2021$29.0M
FY2022$44.8M
FY2023$24.9M
FY2024$29.1M
FY2025$29.4M
Expenses
$28.1M
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$25.6M
FY2022$26.7M
FY2023$28.1M
FY2024$30.2M
FY2025$29.5M
Net assets
$26.3M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$7.0M
FY2022$25.8M
FY2023$26.3M
FY2024$26.6M
FY2025$28.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $22.0M Management & general 20% · $5.6M Fundraising 2% · $529K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $270K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Executive Officer
$196,309Pt VII · Sec A
$73,821Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Crystal Officer’s $274K as Chief Executive Officer is at the 69th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Crystal Officer$274,384$259,330$196,309$119,906—
Martha Warford———$151,356—
Taylor Justice$140,828$140,415———
Eric Keith————$127,741
Yelena Harrington$126,656————
Rebecca Mumma—$111,279———
Erica Gipson$110,561————
Terri Watson$109,095————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers homes and training for people with developmental disabilities.

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Provided by the organization

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1 program · $22.0M · in their own filed words · FY2022
01

Medical and educational care of approximately 400 developmentally and physically disabled persons

$22.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$188K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$24.9M
Ln 12
Fees for servicesLn 2g$21.5M
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$1.1M
Money outPt IX
$28.1M
Ln 25
Programscol B$22.0M
Managementcol C$5.6M
Fundraisingcol D$529K
Owns and owesPt X
$26.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$35.3M
LiabilitiesLn 26$9.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$290K
Noncash giftsLn 1g$145K
Fees for servicesLn 2g$21.5M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$314K
Gains on assetsLn 7−$8K
Total revenueLn 12$24.9M
Assets in detailPt X, end of year
CashLn 1$2.4M
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$6.5M
Other assetsLn 15$20.7M
Total assetsLn 16$35.3M
LiabilitiesLn 26$9.0M
Net assetsLn 32$26.3M
OperationsPt I, VI
EmployeesI 5742
VolunteersI 6125
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.4M$2.4M
InvestmentsLn 11–13$2.2M$1.9M
Land, buildings, equipmentLn 10c$7.0M$6.5M
Total assetsLn 16$38.5M$35.3M
LiabilitiesLn 26$12.7M$9.0M
Net assetsLn 32$25.8M$26.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$270K$270K
Other salaries and wagesLn 7$11.7M$9.4M$2.0M$263K
Other employee benefitsLn 9$1.8M$1.4M$297K$44K
Payroll taxesLn 10$1.0M$849K$175K$26K
Legal feesLn 11b$901K$901K
Accounting feesLn 11c$293K$293K
Office expensesLn 13$808K$510K$227K$70K
OccupancyLn 16$605K$280K$311K$15K
TravelLn 17$61K$2K$58K
Conferences, conventions and meetingsLn 19$298K$259K$39K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$1.0M$982K$51K$170
InsuranceLn 23$665K$631K$24K$10K
Other expenses (24a–d)Ln 24$8.5M$7.4M$1.1M$100K
All other expensesLn 24e$109K$32K$76K$381
Total functional expensesLn 25$28.1M$22.0M$5.6M$529K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $29.4M$29.5M−$67K$28.1M 990 PDF
FY2024 $29.1M$30.2M−$1.1M$26.6M 990 PDF
FY2023 Viewing $24.9M$28.1M−$3.2M$26.3M 990 PDF
FY2022 $44.8M$26.7M$18.0M$25.8M 990 PDF
FY2021 $29.0M$25.6M$3.4M$7.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $24,911,338 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,487,308$2,015,722
I-9 Program service revenuePrior year $21,156,576$21,503,692
I-10 Investment incomePrior year −$37,285$1,077,688
I-11 Other revenuePrior year $168,989$314,236
I-12 Total revenuePrior year $44,775,588$24,911,338
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,816,243$14,831,603
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,921,964$13,313,735
I-18 Total expensesPrior year $26,738,207$28,145,338
I-19 Revenue less expensesPrior year $18,037,381−$3,234,000
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $24,911,338 across 9 lines filed
Lines not itemized here account for $58,255 of total revenue; see the IRS return.
VIII-1e Government grants$289,559
VIII-1f All other contributions, gifts and grants$1,726,163
VIII-1g Noncash contributions (included above)$145,261
VIII-1h Total contributions, gifts and grants$2,015,722
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,503,692$21,503,692
VIII-3 Investment incomeExcluded from tax $1,085,274$1,085,274
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,586−$7,586
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $84,137 · Excluded from tax $171,844$255,981
VIII-12 Total revenueRelated to mission $21,620,941 · Unrelated business $6,776 · Excluded from tax $1,267,899$24,911,338
Part IX · Statement of functional expenses $28,145,338 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $270,130$270,130
IX-7 Other salaries and wagesPrograms $9,425,968 · Management $2,044,683 · Fundraising $263,121$11,733,772
IX-9 Other employee benefitsPrograms $1,437,355 · Management $296,595 · Fundraising $43,891$1,777,841
IX-10 Payroll taxesPrograms $848,794 · Management $175,147 · Fundraising $25,919$1,049,860
IX-11b Legal feesManagement $901,259$901,259
IX-11c Accounting feesManagement $293,155$293,155
IX-13 Office expensesPrograms $510,310 · Management $227,442 · Fundraising $70,347$808,099
IX-16 OccupancyPrograms $279,508 · Management $310,535 · Fundraising $15,143$605,186
IX-17 TravelPrograms $2,106 · Management $58,474$60,580
IX-19 Conferences, conventions and meetingsPrograms $259,367 · Management $38,640$298,007
IX-20 InterestManagement $16,545$16,545
IX-22 Depreciation, depletion and amortizationPrograms $982,145 · Management $51,231 · Fundraising $170$1,033,546
IX-23 InsurancePrograms $630,816 · Management $24,126 · Fundraising $9,610$664,552
IX-24 Other expenses (24a–d)Programs $7,350,495 · Management $1,073,184 · Fundraising $100,478$8,524,157
IX-24e All other expensesPrograms $31,792 · Management $76,476 · Fundraising $381$108,649
IX-25 Total functional expensesPrograms $22,028,786 · Management $5,587,492 · Fundraising $529,060$28,145,338
Part X · Balance sheet $35,299,388 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,412,905$2,358,521
X-3 Pledges and grants receivableStart of year $980,767$74,427
X-4 Accounts receivableStart of year $3,593,247$2,790,395
X-8 Inventories for sale or useStart of year $151,893$112,382
X-9 Prepaid expenses and deferred chargesStart of year $502,143$859,481
X-10c Land, buildings and equipment, netStart of year $6,974,683$6,497,964
X-12 Other securitiesStart of year $2,227,709$1,898,618
X-15 Other assetsStart of year $22,659,886$20,707,600
X-16 Total assetsStart of year $38,503,233$35,299,388
X-17 Accounts payable and accrued expensesStart of year $1,181,334$819,315
X-25 Other liabilitiesStart of year $5,719,210$2,353,768
X-26 Total liabilitiesStart of year $12,692,765$9,011,613
X-27 Net assets without donor restrictionsStart of year $5,319,631$4,637,363
X-28 Net assets with donor restrictionsStart of year $20,490,837$21,650,412
X-32 Total net assets or fund balancesStart of year $25,810,468$26,287,775
X-33 Total liabilities and net assetsStart of year $38,503,233$35,299,388
Part XI · Reconciliation of net assets $26,287,775 net assets at year end
XI-1 Total revenue$24,911,338
XI-2 Total expenses$28,145,338
XI-3 Revenue less expenses−$3,234,000
XI-4 Net assets at start of year$25,810,468
XI-5 Net unrealized gains (losses) on investments$991,382
XI-9 Other changes in net assets$2,719,925
XI-10 Net assets at end of year$26,287,775

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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