Touchstone Farm Inc
- Assets
- $1.8m
- Revenue
- $501.2k
- Investments
- $27.8k
- Employees
- 41
- Location
- Lyndeborough, NH
- Founding
- 08/1990
- Data as of
- 12/2023
- EIN
- 02-0436529
Organization Overview
Touchstone Farm Inc is located in Lyndeborough, NH. The organization was established in 1990. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, Touchstone Farm Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Touchstone Farm Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Touchstone Farm Inc generated $501.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $803.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TOUCHSTONE FARM IS AN EDUCATIONAL AND THERAPEUTIC NOT-FOR-PROFIT THAT IS POSITIVELY CHANGING LIVES THROUGH PARTNERSHIPS BETWEEN HORSES AND PEOPLE OF VARYING ABILITIES, AGES AND BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CAMPS, RIDING LESSONS AND EDUCATIONAL PROGRAMS FOR INDIVIDUALS OF ALL AGES AND ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Greene Member (past President) | Trustee | 2 | $0 |
Caitlin Shultz Member | Trustee | 2 | $0 |
Tricia Zahn Member (resigned December 2023) | Trustee | 2 | $0 |
Sara West President (past Vice President) | Officer | 15 | $0 |
Phyllis Strickholm Treasurer | Officer | 2 | $0 |
Meaghan Root Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,945 |
| Total Program Service Revenue | $382,749 |
| Investment income | $1,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $1,022 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $501,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,000 |
| Compensation of current officers, directors, key employees. | $68,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,845 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,572 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $503 |
| Office expenses | $26,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,025 |
| Travel | $188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20 |
| Interest | $77,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,413 |
| Insurance | $45,751 |
| All other expenses | $9,481 |
| Total functional expenses | $803,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,620 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,912 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,578 |
| Net Land, buildings, and equipment | $1,365,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,790 |
| Investments—program-related | $0 |
| Intangible assets | $121,290 |
| Other assets | $0 |
| Total assets | $1,768,733 |
| Accounts payable and accrued expenses | $31,650 |
| Grants payable | $0 |
| Deferred revenue | $16,430 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $72,500 |
| Secured mortgages and notes payable | $659,641 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $9,316 |
| Total liabilities | $1,289,537 |
| Net assets without donor restrictions | $465,437 |
| Net assets with donor restrictions | $13,759 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,768,733 |