New Covenant Farms Inc
- Assets
- $765.8k
- Revenue
- $26.8k
- Investments
- $663.7k
- Employees
- 0
- Location
- Gooding, ID
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 82-0519199
Organization Overview
New Covenant Farms Inc is located in Gooding, ID. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Covenant Farms 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, New Covenant Farms Inc generated $26.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $37.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, New Covenant Farms Inc has awarded 20 individual grants totaling $152,812. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW CONVENANT FARMS WILL GROW, PROCESS, AND DISTRIBUTE FOOD TO THE POOR AND NEEDY WITH EMPHASIS ON ORPHANAGES, SCHOOLS AND MISSIONS IN NEED THAT ARE LOCATED IN OR NEAR THE UNITED STATES-MEXICAN BORDER AND/OR IN MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis M Davenport III President & CEO | 12 | $0 | |
Nita Davenport Secretary | 1 | $0 | |
Mark Leduc Director | 1 | $0 | |
David Johnson Director | 1 | $0 | |
Bob Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,490 |
| Capital Gain Net Income | $2,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $900 |
| Printing and publications | $0 |
| Other expenses | $2,655 |
| Total operating and administrative expenses | $9,470 |
| Contributions, gifts, grants paid | $27,548 |
| Total expenses and disbursements | $37,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,623 |
| Savings and temporary cash investments | $74,502 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $559,165 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $765,802 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, New Covenant Farms Inc has awarded $27,548 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
4-H PURPOSE: GOODING COUNTY FAIR | $3,954 |
DESERT HILLS COMMUNITY CHURCH OF THE NAZARENE PURPOSE: AREA OF GREATEST NEED | $10,000 |
MERCY SHIPS PURPOSE: MEDICAL SUPPORT FOR AFRICAN CHILDREN | $4,200 |
OPERATIONAL MOBILIZATION USA PURPOSE: AREA OF GREATEST NEED | $2,900 |
VISION FOR THE KINGDOM PURPOSE: JESUS FILM PROJECT | $2,500 |
GOODING SPRINGS CALVARY CHAPEL PURPOSE: AREA OF GREATEST NEED | $994 |