Stiles Farm Foundation
- Assets
- $3.4m
- Revenue
- $740.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Thrall, TX
- Founding
- 06/1964
- Data as of
- 12/2021
- EIN
- 74-1410185
Organization Overview
Stiles Farm Foundation is located in Thrall, TX. The organization was established in 1964. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, Stiles Farm Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stiles 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 12/2021, Stiles Farm Foundation generated $740.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $834.0k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE STILES FARM FOUNDATION IS A LIVING DEMONSTRATION OF RESEARCH-BASED, PROFITABLE, AND ENVIRONMENTALLY SUSTAINABLE AGRICULTURAL PRACTICES FOR THE TEXAS BLACKLAND PRAIRIE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARM OPERATING EXPENSES INCURRED IN RAISING CROPS AND CONDUCTING DEMONSTRATIONS.
SCHOLARSHIPS - TO PROVIDE FUNDS FOR SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS.
STILES FARM FOUNDATION FIELD DAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Collett Farm Manager | Officer | 40 | $62,956 |
Tim Leach Chairman | OfficerTrustee | 0 | $0 |
Bill Mahomes Vice Chairman | OfficerTrustee | 0 | $0 |
Robert L Albritton Board Member | Trustee | 0 | $0 |
James R Brooks Board Member | Trustee | 0 | $0 |
Jay Graham Board Member | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $676,896 |
| Investment income | $21,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,647 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,898 |
| 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 | $68,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,212 |
| Fees for services: Management | $93,305 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,976 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188 |
| Advertising and promotion | $0 |
| Office expenses | $7,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,438 |
| Insurance | $37,743 |
| All other expenses | $119,485 |
| Total functional expenses | $833,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $182,910 |
| Prepaid expenses and deferred charges | $22,380 |
| Net Land, buildings, and equipment | $1,050,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,725,696 |
| Total assets | $3,372,115 |
| Accounts payable and accrued expenses | $62,144 |
| Grants payable | $0 |
| Deferred revenue | $16,963 |
| 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 | $79,107 |
| Net assets without donor restrictions | $3,203,145 |
| Net assets with donor restrictions | $89,863 |
| 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 | $3,372,115 |
Endowment Analysis
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