Horseshoe Bay Farms Inc
- Assets
- $604.9k
- Revenue
- $135.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Egg Harbor, WI
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 82-5517199
Organization Overview
Horseshoe Bay Farms Inc is located in Egg Harbor, WI. The organization was established in 2018. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horseshoe Bay 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 12/2021, Horseshoe Bay Farms Inc generated $135.2k 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 (27.9%) each year. All expenses for the organization totaled $109.2k 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
THE MISSION IS TO ACT AS A RESPONSIBLE STEWARD THROUGH PRESERVATION, REHABILITATION, AND ACTIVATION OF HISTORIC HORSESHOE BAY FARMS TO SECURE ITS FUTURE FOR GENERATIONS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE RURAL HERITAGE AND BEAUTY OF THE FARM
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Nicholas President/tr | OfficerTrustee | 4 | $0 |
David Nicholas Vice-Preside | OfficerTrustee | 1 | $0 |
Andrew Gill Secretary | OfficerTrustee | 1 | $0 |
Mary Kay Braza Director | 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 | $106,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,440 |
| Total Program Service Revenue | $1,462 |
| 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 | $3,541 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,223 |
| 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 | $65,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,416 |
| Office expenses | $1,648 |
| Information technology | $203 |
| Royalties | $0 |
| Occupancy | $18,942 |
| 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 | $8,046 |
| Insurance | $1,356 |
| All other expenses | $1,112 |
| Total functional expenses | $109,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $873 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $558,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,428 |
| Total assets | $604,936 |
| Accounts payable and accrued expenses | $3,213 |
| 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 | $89,428 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $92,641 |
| Net assets without donor restrictions | $499,684 |
| Net assets with donor restrictions | $12,611 |
| 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 | $604,936 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Horseshoe Bay Farms Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Christian Center Inc Milwaukee, WI | $3,288,591 | $4,601,547 |
Midland Area Homes Inc Midland, MI | $1,332,023 | $3,716,670 |
Home Repair Services Of Kent County Inc Grand Rapids, MI | $2,849,278 | $3,292,251 |
Nari Milwaukee Inc Wauwatosa, WI | $1,527,248 | $1,389,578 |
Revitalize Milwaukee Inc Milwaukee, WI | $1,980,667 | $1,764,103 |
Historic Chicago Bungalow Association Chicago, IL | $757,269 | $1,174,600 |
Solid Rock Housing Support Muskegon, MI | $601,369 | $441,809 |
Rebuilding Together Oakland County Inc Farmington, MI | $171,122 | $617,258 |
Sioux City Housing Trust Fund Incorporated Sioux City, IA | $74,546 | $395,708 |
Homeward Inc Allison, IA | $2,408,195 | $316,919 |
Freedom Builders Of America Traverse City, MI | $295,226 | $370,848 |
His House Foundation Excelsior, MN | $717,759 | $1,058,659 |