Miracle Farm Inc
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Round Rock, TX
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 74-2189925
Organization Overview
Miracle Farm Inc is located in Round Rock, TX. The organization was established in 1987. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Miracle Farm Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miracle 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 12/2022, Miracle Farm Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. 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
MIRACLE FARM PROVIDES AN ENVIRONMENT FOR CHRIST TO FORGE YOUNG MEN OF INTEGRITY WHO ARE FIRMLY CONNECTED TO THE SENSE OF SECURITY, ACCEPTANCE, AND SIGNIFICANCE THAT COMES FROM AN IDENTITY IN CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIRACLE FARM IS A RESIDENTIAL BOYS' RANCH PROGRAM SERVING TEENAGE BOYS, AGES 13-18, EXPERIENCING CRISIS WITH FAMILY RELATIONSHIPS, BEHAVIOR AND SOCIAL SKILLS, AND EDUCATIONAL SUCCESS THAT PUT THEM AT HIGH RISK OF DROPPING OUT OF SCHOOL OR ENTERING THE JUVENILE JUSTICE SYSTEM. RESIDENTIAL SERVICES INCLUDE CASE MANAGEMENT, COUNSELING, AN ON-SITE PUBLIC CHARTER SCHOOL, VOCATIONAL TRAINING, AND A HORSE PROGRAM. SERVICES HELP YOUTH RESIDENTS OVERCOME TRAUMA AND LEARN SELF-CONFIDENCE, SELF-DISCIPLINE, RESPONSIBILITY, AND HEALTHY RELATIONSHIP SKILLS. LICENSED PROFESSIONAL COUNSELORS ARE ENGAGED TO DELIVER INDIVIDUAL/FAMILY COUNSELING. MIRACLE FARM ALSO PROVIDES ONGOING FAMILY TRAINING TO HELP RESIDENTIAL CLIENTS AND THEIR FAMILIES HEAL FROM PAST TRAUMA AND IMPROVE RELATIONAL SKILLS. FORMER YOUTH CLIENTS HAVE ACCESS TO AFTERCARE AND INDEPENDENT LIVING SERVICES INCLUDING ON-CAMPUS HOUSING, CASE MANAGEMENT, LIFE SKILLS TRAINING, AND COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion Hill Chair And Trustee | OfficerTrustee | 1 | $0 |
Todd Roberson Vice Chair And Trustee | OfficerTrustee | 1 | $0 |
David Dupre Secretary And Trustee | OfficerTrustee | 1 | $0 |
Fred Erickson Trustee | Trustee | 1 | $0 |
Linda Bebee Trustee | Trustee | 1 | $0 |
Daniel Sanchez Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,254,281 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,730,235 |
| Total Program Service Revenue | $0 |
| Investment income | $76,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,375 |
| 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 | $1,842,341 |
| 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. | $135,116 |
| Compensation of current officers, directors, key employees. | $1,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,612 |
| Pension plan accruals and contributions | $50,229 |
| Other employee benefits | $157,209 |
| Payroll taxes | $39,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,060 |
| Advertising and promotion | $36,191 |
| Office expenses | $33,878 |
| Information technology | $8,878 |
| Royalties | $0 |
| Occupancy | $231,431 |
| Travel | $31,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,134 |
| Insurance | $49,681 |
| All other expenses | $3,203 |
| Total functional expenses | $1,549,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,249 |
| Savings and temporary cash investments | $114,684 |
| Pledges and grants receivable | $7,366 |
| 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 | $40,859 |
| Net Land, buildings, and equipment | $310,879 |
| Investments—publicly traded securities | $601,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $295,553 |
| Total assets | $1,377,709 |
| Accounts payable and accrued expenses | $88,107 |
| 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 | $88,107 |
| Net assets without donor restrictions | $1,118,956 |
| Net assets with donor restrictions | $170,646 |
| 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 | $1,377,709 |