Beverly Farm Foundation
- Assets
- $38.5m
- Revenue
- $44.8m
- Investments
- $2.2m
- Employees
- 626
- Location
- Godfrey, IL
- Founding
- 08/1959
- Data as of
- 06/2022
- EIN
- 37-0765971
Organization Overview
Beverly Farm Foundation is located in Godfrey, IL. The organization was established in 1959. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Beverly Farm Foundation employed 626 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Farm Foundation 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, Beverly Farm Foundation generated $44.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $26.7m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 8 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
TO PROVIDE RESIDENTIAL AND TRAINING OPTIONS FOR PERSONS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL AND EDUCATIONAL CARE OF APPROXIMATELY 400 DEVELOPMENTALLY AND PHYSICALLY DISABLED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian B Birnbaum Chairman | Trustee | 10 | $0 |
Jeffrey L Rosignol Director | Trustee | 2 | $0 |
Jim Pardikes Director | Trustee | 2 | $0 |
Dale Blachford Treasurer | Trustee | 5 | $0 |
Neville Bilimoria Director | Trustee | 2 | $0 |
Jim Spindel Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Integrity Nurse Staffing Staffing | 6/29/23 | $917,455 |
Duane Morris Llp Legal Fees | 6/29/23 | $671,675 |
3h Commercial Cleaning Serv Temp Maintenance Staff | 6/29/23 | $404,800 |
Healthcare Services Group Laundry Services | 6/29/23 | $414,007 |
Career Staff Unltd Staffing | 6/29/23 | $324,893 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,487,308 |
| Investment income | $6,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,775,588 |
| Statement of Expenses | |
|---|---|
| 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. | $205,217 |
| Compensation to disqualified persons | $151,356 |
| Other salaries and wages | $11,332,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,230,963 |
| Payroll taxes | $896,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $693,241 |
| Fees for services: Accounting | $98,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $698,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $532,790 |
| Travel | $73,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,598 |
| Interest | $289,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,043,653 |
| Insurance | $792,869 |
| All other expenses | $0 |
| Total functional expenses | $26,738,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $980,767 |
| Accounts receivable, net | $3,593,247 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $151,893 |
| Prepaid expenses and deferred charges | $502,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,227,709 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,659,886 |
| Total assets | $38,503,233 |
| Accounts payable and accrued expenses | $1,181,334 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,792,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,719,210 |
| Total liabilities | $12,692,765 |
| Net assets without donor restrictions | $5,319,631 |
| Net assets with donor restrictions | $20,490,837 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $25,810,468 |