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Nonprofiteer
← MIRACLE FARM INC

Form 990 for tax year 2024

Filed by MIRACLE FARM INC.

Totals

Total revenue
$3,341,975
Total expenses
$2,103,303
Contributions and grants received
$3,273,029
Grants paid
$0
Program service revenue
$0
Investment income
$56,804
Other revenue
$12,142
Total assets, end of year
$3,037,018
Total liabilities, end of year
$155,407
Net assets or fund balances, end of year
$2,881,611
Program services expenses (Part IX)
$2,003,041
Management and general expenses
$11,618
Fundraising expenses
$88,644
Program service expenses (Part III)
$2,003,041

Program services were 95.2% 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

    $2,673,870

  • 1f · All other contributions, gifts and grants

    $599,159

  • 3 · Investment income

    total $56,804 · excluded $56,804

  • 6a · Gross rents

    real property $11,059

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $11,059

  • 6d · Net rental income or loss

    total $11,059 · excluded $11,059

  • 7a · Gross sales of assets other than inventory

    securities $754,238

  • 7b · Less cost or other basis and sales expenses

    securities $754,238

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 11d · All other revenue

    total $1,083 · excluded $1,083

  • 11e · Other revenue, total

    $1,083

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $161,217 · program services $154,319 · management and general $1,555 · fundraising $5,343

  • 7 · Other salaries and wages

    total $679,660 · program services $650,576 · management and general $6,557 · fundraising $22,527

  • 8 · Pension plan contributions

    total $68,517 · program services $65,656 · management and general $636 · fundraising $2,225

  • 9 · Other employee benefits

    total $247,971 · program services $237,618 · management and general $2,302 · fundraising $8,051

  • 10 · Payroll taxes

    total $60,477 · program services $57,958 · management and general $568 · fundraising $1,951

  • 11c · Fees: accounting

    total $12,360 · program services $12,360

  • 11g · Fees: other

    total $10,993 · program services $10,993

  • 12 · Advertising and promotion

    total $53,037 · program services $4,490 · fundraising $48,547

  • 13 · Office expenses

    total $46,672 · program services $46,672

  • 14 · Information technology

    total $9,022 · program services $9,022

  • 16 · Occupancy

    total $309,358 · program services $309,358

  • 17 · Travel

    total $34,244 · program services $34,244

  • 19 · Conferences, conventions and meetings

    total $15,536 · program services $15,536

  • 22 · Depreciation, depletion and amortization

    total $69,945 · program services $69,945

  • 23 · Insurance

    total $69,878 · program services $69,878

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $245,891 · program services $245,891

  • 24e · All other expenses

    total $8,525 · program services $8,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,691 · end of year $7,861

  • 2 · Savings and temporary cash investments

    beginning of year $26,224 · end of year $985

  • 3 · Pledges and grants receivable

    beginning of year $3,451 · end of year $0

  • 4 · Accounts receivable

    beginning of year $285,048 · end of year $215,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,625 · end of year $61,027

  • 10a · Land, buildings and equipment: cost or other basis

    $2,102,258

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,734,424

  • 10c · Land, buildings and equipment, net

    beginning of year $304,179 · end of year $367,834

  • 11 · Investments: publicly traded securities

    beginning of year $665,681 · end of year $725,796

  • 15 · Other assets

    beginning of year $376,480 · end of year $1,658,514

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,898 · end of year $155,407

  • 27 · Net assets without donor restrictions

    beginning of year $1,374,008 · end of year $1,408,881

  • 28 · Net assets with donor restrictions

    beginning of year $242,473 · end of year $1,472,730

Mission and programs · 2024

Mission

MIRACLE FARM PROVIDES AN ENVIRONMENT FOR CHRIST TO FORGE YOUNG MEN OF INTEGRITY WHO ARE FIRMLY CONNECTED TO THE SENSE OF SECURITY, ACCEPTANCE, AND SIGNIFICANCE THAT COMES FROM AN IDENTITY IN CHRIST.

  • MIRACLE FARM IS A RESIDENTIAL BOYS' RANCH PROGRAM SERVING TEENAGE BOYS, AGES 13-18, EXPERIENCING CRISIS WITH FAMILY RELATIONSHIPS, BEHAVIOR AND SOCIAL SKILLS, AND EDUCATIONAL SUCCESS THAT PUT THEM AT HIGH RISK OF DROPPING OUT OF SCHOOL OR ENTERING THE JUVENILE JUSTICE SYSTEM. RESIDENTIAL SERVICES INCLUDE CASE MANAGEMENT, COUNSELING, AN ON-SITE PUBLIC CHARTER SCHOOL, VOCATIONAL TRAINING, AND A HORSE PROGRAM. SERVICES HELP YOUTH RESIDENTS OVERCOME TRAUMA AND LEARN SELF-CONFIDENCE, SELF-DISCIPLINE, RESPONSIBILITY, AND HEALTHY RELATIONSHIP SKILLS. LICENSED PROFESSIONAL COUNSELORS ARE ENGAGED TO DELIVER INDIVIDUAL/FAMILY COUNSELING. MIRACLE FARM ALSO PROVIDES ONGOING FAMILY TRAINING TO HELP RESIDENTIAL CLIENTS AND THEIR FAMILIES HEAL FROM PAST TRAUMA AND IMPROVE RELATIONAL SKILLS. FORMER YOUTH CLIENTS HAVE ACCESS TO AFTERCARE AND INDEPENDENT LIVING SERVICES INCLUDING ON-CAMPUS HOUSING, CASE MANAGEMENT, LIFE SKILLS TRAINING, AND COUNSELING.

    Expenses $2,003,041

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Sanchez

    CHAIR AND TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Todd Roberson

    VICE CHAIR AND TRUSTEE

    Total calculated
    $307,070
    From this org
    $0
    From related orgs
    $255,622
    Other
    $51,448
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,622 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,758 related
    Nontaxable benefits
    $0 + $26,690 related
    Filer's total
    $0 + $307,070 related
  • David Dupre

    SECRETARY AND TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brandon Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Laura Shook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Fred Erickson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Linda Bebee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Marie Dillard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Diane Williams

    TRUSTEE (STARTING 4/2024)

    Total calculated
    $0
    Hours/week
    1
  • Brent Thackerson

    PRESIDENT ENDING (2/2025)

    Total calculated
    $161,218
    From this org
    $124,072
    From related orgs
    $0
    Other
    $37,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,072
    Bonus
    $0
    Other
    $0
    Deferred
    $13,974
    Nontaxable benefits
    $23,172
    Filer's total
    $161,218

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • CHILDREN AT HEART FOUNDATION INC

    501 (C) (3) · MANAGEMENT OF CHARITABLE RESOURCES · TX · controlled entity

    Directly controlled by CHILDREN AT HEART MINISTRIES

  • GRACEWOOD INC

    501 (C) (3) · PROVIDE CARE FOR SINGLE PARENT FAMILIES · TX · controlled entity

    Directly controlled by CHILDREN AT HEART MINISTRIES

  • TEXAS BAPTIST CHILDREN'S HOME & FAM SYS

    501 (C) (3) · QUALITY SUPPORT SERVICES FOR RELATED TAX EXEMPT ENTITIES. · TX · controlled entity

    Directly controlled by CHILDREN AT HEART MINISTRIES

  • TEXAS BAPTIST CHILDREN'S HOME INC

    501 (C) (3) · CARE AND SUPPORT FOR VULNERABLE CHILDREN AND FAMILIES · TX · controlled entity

    Directly controlled by CHILDREN AT HEART MINISTRIES

  • CHILDREN AT HEART MINISTRIES

    501 (C) (3) · QUALITY SUPPORT SERVICES TO RELATED TAX EXEMPT ENTITIES. · TX · controlled entity

    Directly controlled by BAPTIST GENERAL CONVENTION OF TEXAS

  • BAPTIST GENERAL CONVENTION OF TEXAS

    501(C)(3) · SUPPORT FOR CHURCHES AND AFFILIATED ORGANIZATIONS · TX

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533179349301583

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