Wellness Farms Inc
- Assets
- $810.6k
- Revenue
- $345.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 27-4240771
Organization Overview
Wellness Farms Inc is located in Katy, TX. The organization was established in 2011. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellness Farms Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITY IS A NOT FOR PROFIT ACTIVITY CENTERED AROUND THE MANAGEMENT OF A SUSTAINABLE FARMING OPERATION. THE PRIMARY AGRICULTURAL ACTIVITY IS CATTLE GRAZING, WITH THE CATTLE BEING USED AS THE PRINCIPAL MEANS OF INCOME GENERATION AS WELL AS A SOURCE OF MEAT THAT IS DONATED TO TAX EXEMPT, 501(C)(3) ORGANIZATIONS.THERE ARE MULTIPLE FARMS WHERE THE ACTIVITY IS UNDERTAKEN AND SUPPORTED.THE BROOKWOOD FARM, APPROXIMATELY 310 ACRES, IS MANAGED ON THE PROPERTY OF AND FOR THE BENEFIT OF THE BROOKWOOD COMMUNITY, A TAX EXEMPT, 501(C)(3) ORGANIZATION THAT PROVIDES EDUCATION, JOBS, JOB SKILL TRAINING AND FULL-TIME RESIDENTIAL CARE FOR ADULTS WITH SPECIAL NEEDS. THERE ARE FIVE OTHER FARMS, COMPRISING MORE THAN 3,000 ACRES WHERE USE IS PROVIDED FREE OF CHARGE BY JON A. MARSHALL, PRESIDENT OF WELLNESS FARMS. MANAGEMENT PERSONNEL AND SUPPLIES ARE PROVIDED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxann L Marshall Secretary/director | 1 | $0 | |
Jon A Marshall President/director | 10 | $0 | |
Lindsey Cardone Assistant Secretary/direct | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $243,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100,764 |
| Total Revenue | $345,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $26,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,027 |
| Depreciation | $239,458 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $169,512 |
| Total operating and administrative expenses | $561,832 |
| Contributions, gifts, grants paid | $22,912 |
| Total expenses and disbursements | $584,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,773 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $150 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $785,546 |
| Other assets | $1,081 |
| Total assets | $810,550 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $463 |
| Total liabilities | $463 |
Grants Awarded
Over the last fiscal year, Wellness Farms Inc has awarded $45,259 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brookshire, TX PURPOSE: AGRICULTURE AND GENERAL | $40,259 |
COLUMBUS FFA PURPOSE: GENERAL | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellness Farms Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Marshall Foundation Katy, TX PURPOSE: AGRICULTURE AND GENERAL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |