Happy Hill Farm Childrens Home Inc is located in Granbury, TX. The organization was established in 1975. 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 12/2022, Happy Hill Farm Childrens Home Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy Hill Farm Childrens Home 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 12/2022, Happy Hill Farm Childrens Home Inc generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE HOME IS TO PREPARE STUDENTS FOR ADVANCED EDUCATION THROUGH A RIGOROUS, COLLEGE-PREPARATORY EDUCATIONAL PROGRAM TAUGHT WITHIN A CHRISTIAN WORLDVIEW FRAMEWORK. STUDENTS ARE ALSO PREPARED FOR LIFE AS INFORMED, ETHICAL, MORAL AND PRODUCTIVE CITIZENS THROUGH A HOST OF OTHER OPPORTUNITIES THAT PROMOTE INTELLECTUAL, SOCIAL, AND EMOTIONAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HOME-PROVIDES SHELTER AND FOOD FOR CHILDREN
ACADEMY-PROVIDES CLASSROOM INSTRUCTION FOR CHILDREN
FARM-PROVIDES FOOD AND TRAINING FOR CHILDREN
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lucas Shipman Development Off | Officer | 55 | $89,299 |
Todd L Shipman President | OfficerTrustee | 60 | $79,800 |
Charles E Shipman Jr COO | OfficerTrustee | 60 | $79,800 |
John Gesek Director | Trustee | 1 | $0 |
Tom Miller Director | Trustee | 1 | $0 |
Gary C Martin Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $2,591,488 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,513,511 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,104,999 |
Total Program Service Revenue | $357,617 |
Investment income | $1,118 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,573,136 |
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. | $248,899 |
Compensation of current officers, directors, key employees. | $79,800 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,469,023 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $207,976 |
Fees for services: Management | $0 |
Fees for services: Legal | $12,436 |
Fees for services: Accounting | $11,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,327 |
Advertising and promotion | $166,280 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,011 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,550 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,023,283 |
Insurance | $702,415 |
All other expenses | $568,780 |
Total functional expenses | $6,573,865 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $103,868 |
Savings and temporary cash investments | $3,251 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $70,600 |
Net Land, buildings, and equipment | $17,208,274 |
Investments—publicly traded securities | $228,317 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2 |
Total assets | $17,614,312 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $17,614,312 |
Net assets with donor restrictions | $0 |
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 | $17,614,312 |
Over the last fiscal year, we have identified 9 grants that Happy Hill Farm Childrens Home Inc has recieved totaling $314,891.
Awarding Organization | Amount |
---|---|
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL PURPOSES | $125,000 |
Dallas Seminary Foundation Dallas, TX PURPOSE: General Support | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $31,910 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $29,842 |
American Subcontractors Assoc ,inc North Texas Chapter No 28 Grand Prairie, TX PURPOSE: GENERAL SUPPORT | $15,000 |
Ken W Davis Foundation Fort Worth, TX PURPOSE: FUNDS FOR STUDENTS CARE & EDUCATION | $7,500 |
Organization Name | Assets | Revenue |
---|---|---|
Marbridge Foundation Inc Manchaca, TX | $30,327,535 | $20,296,302 |
Central State Community Services Oklahoma Inc Tulsa, OK | $7,573,561 | $18,181,483 |
Holy Angels Residential Facility Shreveport, LA | $10,678,047 | $18,384,727 |
Hill Country Youth Ranch Ingram, TX | $62,476,710 | $17,017,718 |
Roy Maas Youth Alternatives Inc San Antonio, TX | $5,243,820 | $14,223,910 |
Oklahoma Baptist Homes For Children Inc Oklahoma City, OK | $118,462,947 | $17,899,757 |
Evergreen Presbyterian Ministries Of Texas Inc Haughton, LA | $7,845,590 | $11,531,814 |
Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
Helping Hand Home For Children Austin, TX | $22,485,765 | $11,747,778 |
Think Ability Inc Duncan, OK | $6,836,025 | $8,921,132 |
Tulsa Boys Home Tulsa, OK | $31,491,563 | $7,908,546 |
Vita Living Inc Houston, TX | $3,902,030 | $8,421,114 |