Harvest Academy
- Assets
- $3.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Indianola, IA
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 82-4520968
Organization Overview
Harvest Academy is located in Indianola, IA. The organization was established in 2018. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Harvest Academy employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvest Academy 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, Harvest Academy generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 74.4% each year . All expenses for the organization totaled $826.7k 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
A 24-MONTH MINIMUM LIFE SKILLS ACADEMY FOR THOSE WITH CRIMINAL BACKGROUNDS, SUBSTANCE USE CHALLENGES, OR EXPERIENCED HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COMPREHENSIVE LIFE SKILLS ACADEMY AND PROGRAM THAT OFFERS VOCATIONAL TRAINING, EDUCATION, PEER COUNSELING, MENTORING, LEADERSHIP TRAINING, AND TRANSITIONAL SERVICES. WE ARE NOT A DRUGS OR ALCOHOL REHABILITATION PROGRAM. RATHER, WE ARE A THERAPEUTIC COMMUNITY FOCUSED ON CHANGING LIVES WITH A WHOLE-PERSON APPROACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Krueger Director & CEO | OfficerTrustee | 20 | $45,000 |
Paul Juffer Director | Trustee | 1 | $0 |
Walter Lauridsen Director | Trustee | 1 | $0 |
Austin Palmer Director | Trustee | 1 | $0 |
Taylor Smith Program Director | Officer | 40 | $78,750 |
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 | $1,396,329 |
| Noncash contributions included in lines 1a–1f | $1,298,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,396,329 |
| Total Program Service Revenue | $865,537 |
| Investment income | $7,051 |
| 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 | $2,268,917 |
| 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. | $134,853 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,864 |
| Pension plan accruals and contributions | $7,492 |
| Other employee benefits | $28,784 |
| Payroll taxes | $21,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $56,551 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,554 |
| Advertising and promotion | $54,746 |
| Office expenses | $13,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,323 |
| Travel | $37,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,033 |
| Interest | $21,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,246 |
| Insurance | $22,063 |
| All other expenses | $17,057 |
| Total functional expenses | $826,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,514 |
| Savings and temporary cash investments | $371,747 |
| 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 | $14,593 |
| Prepaid expenses and deferred charges | $2,515 |
| Net Land, buildings, and equipment | $2,583,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,739 |
| Total assets | $3,090,066 |
| Accounts payable and accrued expenses | $21,158 |
| 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 | $692,417 |
| Other liabilities | $0 |
| Total liabilities | $713,575 |
| Net assets without donor restrictions | $0 |
| 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 | $2,376,491 |
| Total liabilities and net assets/fund balances | $3,090,066 |