Form 990 for tax year 2025
Filed by HAPPY HILL FARM CHILDRENS HOME INC.
Totals
- Total revenue
- $5,726,181
- Total expenses
- $6,678,184
- Contributions and grants received
- $4,352,734
- Grants paid
- $0
- Program service revenue
- $353,433
- Investment income
- $0
- Other revenue
- $1,020,014
- Total assets, end of year
- $15,406,051
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $15,406,051
- Program services expenses (Part IX)
- $6,228,501
- Management and general expenses
- $222,536
- Fundraising expenses
- $227,147
- Program service expenses (Part III)
- $6,228,501
Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$201,114
-
1f · All other contributions, gifts and grants
$4,151,620
-
1g · Noncash contributions included above
$21,179
-
2a · Program service revenue: Children's Fees
total $353,433 · related or exempt $353,433
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous Income
total $1,020,014 · related or exempt $1,020,014
-
11e · Other revenue, total
$1,020,014
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $270,900 · program services $87,500 · management and general $93,350 · fundraising $90,050
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,548,717 · program services $2,494,280 · management and general $54,437
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $215,701 · program services $197,506 · management and general $11,306 · fundraising $6,889
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $18,156 · program services $18,156
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $137,724 · program services $52,296 · fundraising $85,428
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $2,641 · program services $2,641
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $4,042 · program services $4,042
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $939,196 · program services $914,546 · management and general $24,650
-
23 · Insurance
total $672,742 · program services $639,703 · management and general $23,999 · fundraising $9,040
-
24a · Other expenses: Supplies
total $411,788 · program services $410,313 · management and general $1,475
-
24b · Other expenses: Repairs & Maintenance
total $363,416 · program services $363,305 · management and general $111
-
24c · Other expenses: Food Cost
total $268,172 · program services $268,172
-
24d · Other expenses: Utilities
total $254,844 · program services $247,199 · management and general $7,645
-
24e · All other expenses
total $570,145 · program services $528,842 · management and general $5,563 · fundraising $35,740
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $138,773 · end of year $137,437
-
2 · Savings and temporary cash investments
beginning of year $3,251 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $124,965 · end of year $17,549
-
10a · Land, buildings and equipment: cost or other basis
$42,165,120
-
10b · Land, buildings and equipment: accumulated depreciation
$27,167,577
-
10c · Land, buildings and equipment, net
beginning of year $15,843,715 · end of year $14,997,543
-
11 · Investments: publicly traded securities
beginning of year $247,349 · end of year $253,522
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $16,358,054 · end of year $15,406,051
Mission and programs · 2025
Mission
The purpose of the Home is to prepare students for advanced education through a rigorous, college-preparatory educational program taught within a Christian worldview framework. Students are also prepared for life as informed, ethical, moral and productive citizens through a host of other opportunities that promote intellectual, social, and emotional growth.
-
Children's Home-Provides shelter and food for children
Expenses $3,680,903
-
Academy-Provides classroom instruction for children
Expenses $2,252,174
-
Farm-Provides food and training for children
Expenses $295,424
As filed on the 2025 return.
Listed in Part VII
-
Lucas Shipman
Development Off
- Total calculated
- $95,900
- From this org
- $95,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
-
Charles E Shipman Jr
COO
- Total calculated
- $87,500
- From this org
- $87,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Todd L Shipman
President
- Total calculated
- $87,500
- From this org
- $87,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Dale C Rogers
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Gesek
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sharon Giles
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gary C Martin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr O Z Helmer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Miller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Truitt B Garrison
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Happy Hill Farm Endownment Foundation
501(c)(3) · Raise funds to support Happy Hill Farm Children's Home · TX
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 10 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611009349301776
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