Lambs Farm Inc
- Assets
- $23.1m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 371
- Location
- Libertyville, IL
- Founding
- 07/1963
- Data as of
- 06/2022
- EIN
- 36-2474251
Organization Overview
Lambs Farm Inc is located in Libertyville, IL. The organization was established in 1963. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Lambs Farm Inc employed 371 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lambs 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 06/2022, Lambs Farm Inc generated $15.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $13.7m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELPING PEOPLE WITH DEVELOPMENTAL DISABILITIES LEAD PRODUCTIVE, HAPPY LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLF SUPPORT - CLF SUPPORT CONSISTS OF AN INTERMEDIATE CARE FACILITY AS WELL AS CAMPUS GROUP HOMES. THE INTERMEDIATE CARE FACILITY PROVIDES RETIREMENT-SPECIFIC ACTIVITIES PROMOTING WELLNESS AND AN ACTIVE LIFESTYLE WITH STAFF AVAILABLE 24 HOURS A DAY. GROUP HOMES PROVIDE A COMMUNITY LIVING ENVIRONMENT WHERE PARTICIPANTS CAN LEARN LIVING SKILLS IN A SUPPORTIVE ENVIRONMENT. HOUSEKEEPING AND MEAL PREPARATION RESPONSIBILITIES ARE SHARED AMONG THE PARTICIPANTS WITH STAFF SUPPORT.
TRAINING SITES - THROUGH THE VARIOUS CAMPUS BUSINESSES (MAGNOLIA CAFE & BAKERY, FARMYARD & ATTRACTIONS, PET SHOP, THRIFT SHOP AND COUNTRY STORE) PARTICIPANTS RECEIVE TRAINING IN FOOD SERVICE, HOSPITALITY, STORE MERCHANDISING, CUSTOMER SERVICE, SHIPPING/RECEIVING, ANIMAL CARE AND FOOD PRODUCTION. THESE BUSINESSES PROVIDE A VOCATIONAL TRAINING SITE FOR PARTICIPANTS.
VOCATIONAL TRAINING - EMPLOYMENT SPECIALISTS PROVIDE ON-THE-JOB TRAINING AND FOLLOWALONG SUPPORT FOR INDIVIDUAL PLACEMENTS IN COMMUNITY EMPLOYMENT. TRAINING IS PROVIDED FOR EMPLOYERS WORKING WITH INDIVIDUALS PLACED IS ALSO AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Yaconetti President/ceo | OfficerTrustee | 50 | $176,766 |
Robert Neiman Board Chairman | OfficerTrustee | 4 | $0 |
Arie Zoller Vice Chairman | OfficerTrustee | 2 | $0 |
Chris Breck Director | Trustee | 1 | $0 |
John Burrus Director | Trustee | 1 | $0 |
Robert Gattuso Director (thru Oct 2021) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243,652 |
| Related organizations | $0 |
| Government grants | $6,862,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,031,227 |
| Noncash contributions included in lines 1a–1f | $518,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,136,926 |
| Total Program Service Revenue | $392,656 |
| Investment income | $433,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,176 |
| Net Income from Fundraising Events | -$56,440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,112,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,185,732 |
| 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. | $292,179 |
| Compensation of current officers, directors, key employees. | $120,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,376,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $881,979 |
| Payroll taxes | $629,304 |
| 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 | $50,825 |
| Fees for services: Other | $465,519 |
| Advertising and promotion | $4,547 |
| Office expenses | $37,610 |
| Information technology | $101,339 |
| Royalties | $0 |
| Occupancy | $765,987 |
| Travel | $126,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,458 |
| Interest | $97,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496,371 |
| Insurance | $363,397 |
| All other expenses | -$208,514 |
| Total functional expenses | $13,663,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,299 |
| Savings and temporary cash investments | $467 |
| Pledges and grants receivable | $1,831,547 |
| Accounts receivable, net | $1,979,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $450,996 |
| Prepaid expenses and deferred charges | $171,636 |
| Net Land, buildings, and equipment | $5,997,002 |
| Investments—publicly traded securities | $10,152,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,316,899 |
| Total assets | $23,082,623 |
| Accounts payable and accrued expenses | $1,081,407 |
| Grants payable | $0 |
| Deferred revenue | $109,846 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,475,753 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,840,500 |
| Total liabilities | $4,507,506 |
| Net assets without donor restrictions | $10,009,430 |
| Net assets with donor restrictions | $8,565,687 |
| 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 | $23,082,623 |