Farms Work Wonders Corporation
- Assets
- $376.2k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 98
- Location
- Wardensville, WV
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-1634113
Organization Overview
Farms Work Wonders Corporation, operating under the name See Schedule O, is located in Wardensville, WV. The organization was established in 2016. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, See Schedule O employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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, See Schedule O generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 28.6% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXPAND OPPORTUNITIES FOR APPALACHIAN YOUTH SO THEY GROW TO REACH THEIR GREATEST POTENTIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARMS WORK WONDERS IS AN UMBRELLA NONPROFIT SOCIAL ENTERPRISE THAT CREATES LIVING CLASSROOMS (SUCH AS OUR BAKERY, MARKET, ORGANIC FARM, RESTAURANT, AND GLASS STUDIO) TO PROVIDE REAL-LIFE LEARNING EXPERIENCES AND GENERATE INCOME. THE NONPROFIT SOCIAL ENTERPRISE MODEL ALLOWS US TO ADDRESS HISTORICALLY NEGATIVE ECONOMIC DEVELOPMENT IN APPALACHIA. UNLIKE TRADITIONAL BUSINESSES THAT OFTEN EXTRACTED PROFITS FOR OUTSIDE INTEREST, OUR SOCIAL ENTERPRISE MODEL CREATES SUSTAINABLE ENTERPRISES THAT REINVEST 100% BACK INTO THE LOCAL COMMUNITY. AND, SINCE WE ARE NONPROFIT, WE MEASURE OUR SUCCESS BY OUR LOCAL IMPACT IN THREE KEY FOCUS AREAS: PEOPLE--CREATING EDUCATIONAL AND ECONOMIC OPPORTUNITIES, PLANET--PROTECTING OUR NATURAL ENVIRONMENT, AND PROCEEDS--REINVESTING 100% LOCALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Wells Culinary Director | 40 | $126,727 | |
Paul Yandura President/secretary | Officer | 30 | $0 |
Colette Laforce Chair/director | Trustee | 1 | $0 |
Jerry Yates Director | Trustee | 1 | $0 |
Mitch Orndorff Director | Trustee | 1 | $0 |
Jonathan Lewis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,214 |
| Related organizations | $0 |
| Government grants | $12,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,167,866 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,199,351 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,504 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $308,230 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,545,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,487 |
| Grants and other assistance to domestic individuals. | $26,658 |
| 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 | $1,915,346 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $229,557 |
| Payroll taxes | $160,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,350 |
| Fees for services: Accounting | $25,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,905 |
| Advertising and promotion | $9,746 |
| Office expenses | $80,875 |
| Information technology | $40,680 |
| Royalties | $0 |
| Occupancy | $158,818 |
| Travel | $16,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $298 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,868 |
| Insurance | $40,389 |
| All other expenses | $0 |
| Total functional expenses | $2,828,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,978 |
| Savings and temporary cash investments | $15 |
| 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 | $47,388 |
| Prepaid expenses and deferred charges | $6,980 |
| Net Land, buildings, and equipment | $108,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,240 |
| Accounts payable and accrued expenses | $54,915 |
| 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 | $33,204 |
| Other liabilities | $0 |
| Total liabilities | $88,119 |
| Net assets without donor restrictions | $288,121 |
| 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 | $376,240 |
Grants Awarded
Over the last fiscal year, Farms Work Wonders Corporation has awarded $15,532 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WARDENSVILLE RESCUE SQUAD PURPOSE: GENERAL OPERATIONS | $7,766 |
CAPON VALLEY VOLUNTEER FIRE CO INC PURPOSE: GENERAL OPERATIONS | $7,766 |