Nazareth Farm Inc
- Assets
- $1.3m
- Revenue
- $365.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Salem, WV
- Founding
- 03/1946
- Data as of
- 09/2023
- EIN
- 55-0739518
Organization Overview
Nazareth Farm Inc is located in Salem, WV. The organization was established in 1946. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Nazareth Farm Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazareth 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 09/2023, Nazareth Farm Inc generated $365.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $357.6k during the year ending 09/2023. While expenses have increased by 3.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NAZARETH FARM IS UNIQUE IN THAT IT PROVIDES TWO DISTINCT ACTIVITIES, YET ARE ABLE TO MERGE THEM AS ONE. THE FIRST IS TO PROVIDE LOW-INCOME, DISABLED, AND/OR ELDERLY IN DODDRIDGE COUNTY, WV AND SURROUNDING AREA HOME REPAIRS. THE SECOND IS TO PROVIDE RETREAT EXPERIENCE OF PRAYER, SIMPLICITY, LOVE AND SERVICE ROOTED IN THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING REHABILITATION PROGRAM: INDIVIDUALS AND FAMILIES OF LOW INCOME ARE ASSISTED IN HOME REPAIR AND RENOVATION SUCH AS REROOFING HOMES, REPLACING ROTTEN FLOORS, PLUMBING, PAINTING, ELECTRICAL, INSULATION, AND FINISHING WORK.
YOUTH MINISTRY PROGRAM: VOLUNTEERS STAY AT NAZARETH FARM FOR A WEEK LONG VISIT. DURING THEIR STAY THEY LIVE IN EXTREMELY SIMPLE CONDITIONS, SPENDING LONG HOURS IN WORK AND PRAYER. THE VOLUNTEERS COME TO KNOW THE LIFE AND SPIRIT OF THE LESS FORTUNATE.
SMALL FAITH AND SERVICE COMMUNITY: FULL-TIME AND VOLUNTEER STAFF LIVE AND WORK AT NAZARETH FARM ORGANIZING AND GUIDING VOLUNTEERS IN HOME REPAIR PROJECTS. LOCAL RESIDENTS ARE INVITED TO WEEKLY DINNERS TO PROMOTE A SENSE OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W R Lewis Chair | OfficerTrustee | 2 | $0 |
Staci Evans Vice-Chair | OfficerTrustee | 2 | $0 |
Daniel Zundel Secretary | OfficerTrustee | 2 | $0 |
Patrick Taylor Treasurer | OfficerTrustee | 2 | $0 |
Lisa Doyle Board Member | Trustee | 1 | $0 |
FR John Donovan Ex-Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,880 |
| Total Program Service Revenue | $107,477 |
| Investment income | $4,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,264 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,166 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,976 |
| Compensation of current officers, directors, key employees. | $10,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,168 |
| Payroll taxes | $5,598 |
| Fees for services: Management | $6,594 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| 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 | $10,195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,075 |
| Insurance | $15,150 |
| All other expenses | $6,394 |
| Total functional expenses | $357,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,225 |
| Savings and temporary cash investments | $388,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,697 |
| 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 | $5,522 |
| Net Land, buildings, and equipment | $680,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,314,884 |
| Accounts payable and accrued expenses | $4,021 |
| Grants payable | $0 |
| Deferred revenue | $56,625 |
| 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 | $60,646 |
| Net assets without donor restrictions | $1,254,238 |
| 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 | $1,314,884 |