Happy Hill Farm Childrens Home Inc
- Assets
- $17.6m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 110
- Location
- Granbury, TX
- Founding
- 09/1975
- Data as of
- 12/2022
- EIN
- 51-0236530
Organization Overview
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
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Board, Officers & Key Employees
| 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 |
Sharon Giles Director | Trustee | 1 | $0 |
Dale C Rogers Director | Trustee | 1 | $0 |
John Gesek Director | Trustee | 1 | $0 |
Financial Statements
| 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 |
Grants Recieved
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 |
Peer Organizations
| 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 |