Mccoy Farm And Gardens
- Assets
- $239.2k
- Revenue
- $266.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Signal Mountain, TN
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 81-0737667
Organization Overview
Mccoy Farm And Gardens is located in Signal Mountain, TN. The organization was established in 2016. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Mccoy Farm And Gardens employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccoy Farm And Gardens 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 12/2023, Mccoy Farm And Gardens generated $266.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $263.3k during the year ending 12/2023. 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
THE PRIMARY PURPOSE OF MCCOY FARM AND GARDENS IS TO RESTORE, ENHANCE AND PRESERVE THIS HISTORIC MCCOY PROPERTY SO THAT IT MAY SERVE THE COMMUNITY AS AN ARBORETUM, NATURAL AREA AND VENUE FOR PUBLIC AND PRIVATE USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEGAN A DOCENT PROGRAM TO SHARE THE HISTORY OF MCCOY FARM & GARDENS WITH THE COMMUNITY
ALL OTHER EXPENSES DEDICATED TO THE PROGRAMS OF MCCOY FARM AND GARDENS
CONTINUED TO ENHANCE THE GROUNDS WITH A NEW BOARDWALK THAT ALLOWS VISITORS TO EXPLORE AN AREA OF THE PROPERTY WITHOUT DAMAGING PLANTS THAT THRIVE IN WETTER CONDITIONS
ADDED 3 NEW COMMUNITY EVENTS IN 2023 INCLUDING AN EGG ROLL, A OUTDOOR CONCERT, AND A TREE LIGHTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Nimon Employee Executive Director | Officer | 40 | $64,167 |
Cynthia Pennington Employee Event Director | Officer | 10 | $9,125 |
Linda Collins Director | Trustee | 20 | $0 |
Earl Hereford Director | Trustee | 15 | $0 |
Andrew Jones Director | Trustee | 15 | $0 |
Anne Leonard Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,635 |
| Total Program Service Revenue | $65,578 |
| Investment income | $0 |
| 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 | $2,176 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,292 |
| Compensation of current officers, directors, key employees. | $64,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,936 |
| Advertising and promotion | $2,054 |
| Office expenses | $2,914 |
| Information technology | $2,485 |
| Royalties | $0 |
| Occupancy | $1,197 |
| 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 | $4,942 |
| Insurance | $4,788 |
| All other expenses | $0 |
| Total functional expenses | $263,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,880 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $19,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $239,166 |
| Accounts payable and accrued expenses | $2,472 |
| 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 | $2,472 |
| Net assets without donor restrictions | $235,974 |
| Net assets with donor restrictions | $720 |
| 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 | $239,166 |