Boys Farm Inc
- Assets
- $4.6m
- Revenue
- $1.2m
- Investments
- $71.5k
- Employees
- 18
- Location
- Newberry, SC
- Founding
- 06/1964
- Data as of
- 09/2022
- EIN
- 57-0446897
Organization Overview
Boys Farm Inc is located in Newberry, SC. The organization was established in 1964. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 09/2022, Boys Farm Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys 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 09/2022, Boys Farm Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $942.4k during the year ending 09/2022. 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 HOMES FOR DISPLACED BOYS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOYS FARM INC., LOCATED IN NEWBERRY, SOUTH CAROLINA, SERVES AS A HAVEN FOR BOYS EXPERIENCING DIFFICULT FAMILY SITUATIONS. WE BELIEVE IN MAKING A DIFFERENCE IN THE LIVES OF BOYS IN NEED BY PROVIDING A HEALTHY, STABLE ENVIRONMENT WHICH HELPS THEM GROW INTO PRODUCTIVE YOUNG MEN WITH A POSITIVE OUTLOOK OF THE FUTURE. OUR RESIDENTIAL YOUTH CARE MINISTRY IS CONVENIENT TO GREENVILLE AND COLUMBIA, SC AND SURROUNDING AREAS THROUGHOUT THE SOUTHEAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Jennings Executive Director | Trustee | 50 | $65,262 |
Russell Cook Treasurer | OfficerTrustee | 2 | $0 |
Evans Jones Vice Chairman | OfficerTrustee | 2 | $0 |
Walter D Shealy III Chairman | Officer | 2 | $0 |
Misty West Secretary | Officer | 2 | $0 |
Mickey Crowe Board Member | Trustee | 2 | $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 | $1,116,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,116,732 |
| Total Program Service Revenue | $0 |
| Investment income | $10,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,179,450 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,009 |
| 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 | $0 |
| Fees for services: Other | $18,472 |
| Advertising and promotion | $18,005 |
| Office expenses | $13,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,270 |
| 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 | $44,793 |
| Insurance | $45,926 |
| All other expenses | $174,381 |
| Total functional expenses | $942,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,217 |
| Savings and temporary cash investments | $2,018,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23 |
| 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 | $691 |
| Net Land, buildings, and equipment | $2,339,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $71,455 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,732 |
| Total assets | $4,580,685 |
| Accounts payable and accrued expenses | $18,560 |
| 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 | $18,560 |
| Net assets without donor restrictions | $4,087,225 |
| Net assets with donor restrictions | $474,900 |
| 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 | $4,580,685 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boys Farm Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Taylor Foundation Of Newberry Inc Newberry, SC PURPOSE: OPERATIONS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
South Carolina Connections Academy Inc Columbia, SC | $14,632,201 | $47,709,935 |
South Carolina Learns Greenville, SC | $20,739,195 | $35,702,373 |
South Carolina Virtual Charter School West Columbia, SC | $14,646,057 | $37,851,009 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Global Service Network Inc Apex, NC | $3,942,579 | $9,338,562 |