Next Farm Initiative Inc
- Assets
- $1.2m
- Revenue
- $87.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-3384597
Organization Overview
Next Farm Initiative Inc is located in Indianapolis, IN. The organization was established in 2018. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Farm Initiative 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 12/2021, Next Farm Initiative Inc generated $87.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $123.5k during the year ending 12/2021. 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
NEXT FARM INITIATIVE, INC. USES URBAN FARMING TO PROVIDE HOLISTIC SUPPORT ANCHORED IN MENTAL WELLNESS THAT EQUIP YOUNG, JUSTICE-INVOLVED WOMEN TO ACHIEVE A LIFETIME OF ECONOMIC SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXT FARM INITIATIVE, INC. OFFERS HOLISTIC SUPPORT TO AT-RISK, 18-24 YEAR-OLD WOMEN SO THEY CAN ACHIEVE ECONOMIC INDEPENDENCE. USING THE MICROCOSM OF A RESIDENTIAL URBAN FARM AS A LEARNING LAB, PARTICIPANTS WORK TOGETHER TO RUN A SMALL BUSINESS ENTERPRISE, GAIN KEY LIFE AND EMPLOYABILITY SKILLS, BUILD PERSONAL RESILIENCE, AND PROVIDE FRESH, HEALTHY FOOD TO THEIR NEIGHBORS. THE ORGANIZATION IS IN A TRANSITIONAL STATE AND CURRENTLY NOT SERVING CLIENTS. THE PROPERTY IS HELD FOR SALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lily Pai Treasurer | OfficerTrustee | 1 | $0 |
Sally Winter Secretary | OfficerTrustee | 1 | $0 |
Susan Williams Chair | OfficerTrustee | 1 | $0 |
Brenda S Horn Board Member | Trustee | 1 | $0 |
Rebecca Jacklin Board Member | Trustee | 1 | $0 |
Broch Martindale Board Member | Trustee | 1 | $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 | $87,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,355 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,359 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,730 |
| Advertising and promotion | $0 |
| Office expenses | $123 |
| Information technology | $3,280 |
| Royalties | $0 |
| Occupancy | $38,969 |
| 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 | $33,289 |
| Insurance | $14,857 |
| All other expenses | $0 |
| Total functional expenses | $123,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,508 |
| 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 | $8,250 |
| Net Land, buildings, and equipment | $1,156,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,198,751 |
| Accounts payable and accrued expenses | $6,629 |
| 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 | $247,421 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $254,050 |
| Net assets without donor restrictions | $944,701 |
| 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 | $1,198,751 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Next Farm Initiative Inc has recieved totaling $87,005.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: General Operating Support April - June | $87,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Community Services Inc Milwaukee, WI | $23,809,088 | $39,591,625 |
Safer Foundation Chicago, IL | $13,705,862 | $27,693,039 |
Transitions Inc Covington, KY | $17,383,184 | $9,808,810 |
Center For Women In Transition St Louis, MO | $2,039,660 | $1,960,819 |
Criminal Justice Ministry St Louis, MO | $3,925,914 | $2,188,411 |
Legacy Reentry Foundation Nfp Waukegan, IL | $446,273 | $1,149,202 |
Hope For Tomorrow Inc Aurora, IL | $425,798 | $618,389 |
Solar Rating & Certification Corp Country Club Hills, IL | $298,592 | $487,818 |
Pride Roc Chicago, IL | $28,679 | $476,301 |
Center For Correctional Concerns Joliet, IL | $186,987 | $393,000 |
Reading Between The Lines Nfp Chicago, IL | $807,099 | $451,584 |
Dismas House Of Indiana Inc South Bend, IN | $249,345 | $240,529 |