philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Panaca Farmstead Association FY2022 filing

Not tax-deductible

Panaca, NVMutual-benefit / member-servingEIN 88-0109920Revenue $429K in FY2022

On file with the IRSPo Box 597, 89042-0597 · Panaca, NVTax-exempt since Feb 1973

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Advancement of state and local interest for the purpose of providing essential human services.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $21K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$429K
+3% vs prior year
Spent
$397K
To programs
0%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$429K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$442K
FY2021$418K
FY2022$429K
FY2023$447K
FY2024$458K
Expenses
$397K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$395K
FY2021$425K
FY2022$397K
FY2023$434K
FY2024$440K
Net assets
$3.3M
FY2022▲ +1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$3.3M
FY2023$3.3M
FY2024$3.3M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1973.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Mike Anderson
Board Member
$0Pt VII · Sec A
Justin Frehner
Secretary/Tr
$0Pt VII · Sec A
Rich Hansen
Vice Preside
$0Pt VII · Sec A
Eric Holt
President
$0Pt VII · Sec A
Kim Lee
Board Member
$0Pt VII · Sec A
See Panaca Farmstead Association executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Advocates for state and local needs, providing essential human services.

Questions for Panaca Farmstead Association

Tap to ask. Panaca Farmstead Association sees how many people are interested.

Your first name shows with your question. Panaca Farmstead Association answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022
01

Installation, maintenance and operation of a water supply, distribution lines and service lines to members of the association. Installation, maintenance and operation of sewer services to members.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$429K
Ln 12
Fees for servicesLn 2g$412K
Other incomeLn 4–11$15K
Investment incomeLn 3$957
Money outPt IX
$397K
Ln 25
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$496K
Total assetsLn 16$3.3M
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$412K
Investment incomeLn 3$957
Other incomeLn 4–11$15K
Total revenueLn 12$429K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$482K
Cash and savings togetherLn 1–2$496K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$3.3M
LiabilitiesLn 26$13K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$615K$496K
Land, buildings, equipmentLn 10c$2.8M$2.7M
Total assetsLn 16$3.5M$3.3M
LiabilitiesLn 26$253K$13K
Net assetsLn 32$3.2M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$117K
Pension plan contributionsLn 8$4K
Other employee benefitsLn 9$18K
Payroll taxesLn 10$11K
Office expensesLn 13$16K
TravelLn 17$1K
InterestLn 20$2K
Depreciation, depletion and amortizationLn 22$119K
InsuranceLn 23$20K
Other expenses (24a–d)Ln 24$74K
All other expensesLn 24e$14K
Total functional expensesLn 25$397K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $458K$440K$18K$3.3M 990 PDF
FY2023 $447K$434K$13K$3.3M 990 PDF
FY2022 Viewing $429K$397K$32K$3.3M 990 PDF
FY2021 $418K$425K−$7K$3.2M 990 PDF
FY2020 $442K$395K$47K$3.2M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $428,845 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $401,643$412,487
I-10 Investment incomePrior year $1,026$957
I-11 Other revenuePrior year $14,941$15,401
I-12 Total revenuePrior year $417,610$428,845
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $192,184$150,937
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $232,453$246,016
I-18 Total expensesPrior year $424,637$396,953
I-19 Revenue less expensesPrior year −$7,027$31,892
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $428,845 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $412,487$412,487
VIII-3 Investment incomeRelated to mission $957$957
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,201 · Unrelated business $13,200$15,401
VIII-12 Total revenueRelated to mission $415,645 · Unrelated business $13,200$428,845
Part IX · Statement of functional expenses $396,953 across 11 lines filed
IX-7 Other salaries and wages$117,196
IX-8 Pension plan contributions$4,303
IX-9 Other employee benefits$18,307
IX-10 Payroll taxes$11,131
IX-13 Office expenses$16,454
IX-17 Travel$1,024
IX-20 Interest$1,570
IX-22 Depreciation, depletion and amortization$118,801
IX-23 Insurance$20,440
IX-24 Other expenses (24a–d)$74,025
IX-24e All other expenses$13,702
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$396,953
Part X · Balance sheet $3,266,438 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $11,701$14,778
X-2 Savings and temporary cash investmentsStart of year $603,692$481,646
X-4 Accounts receivableStart of year $26,269$25,006
X-8 Inventories for sale or useStart of year $43,730$51,266
X-9 Prepaid expenses and deferred chargesStart of year $4,358$5,200
X-10c Land, buildings and equipment, netStart of year $2,784,655$2,688,542
X-16 Total assetsStart of year $3,474,405$3,266,438
X-17 Accounts payable and accrued expensesStart of year $3,081$4,631
X-25 Other liabilitiesStart of year $9,180$8,677
X-26 Total liabilitiesStart of year $253,167$13,308
X-32 Total net assets or fund balancesStart of year $3,221,238$3,253,130
X-33 Total liabilities and net assetsStart of year $3,474,405$3,266,438
Part XI · Reconciliation of net assets $3,253,130 net assets at year end
XI-1 Total revenue$428,845
XI-2 Total expenses$396,953
XI-3 Revenue less expenses$31,892
XI-4 Net assets at start of year$3,221,238
XI-10 Net assets at end of year$3,253,130

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.