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Nonprofiteer
← VETERANS FARM OF NORTH CAROLINA

Form 990 for tax year 2022

Filed by VETERANS FARM OF NORTH CAROLINA.

Totals

Total revenue
$433,196
Total expenses
$330,447
Contributions and grants received
$433,084
Grants paid
$5,000
Program service revenue
$0
Investment income
$112
Other revenue
$0
Total assets, end of year
$200,532
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$200,532
Program services expenses (Part IX)
$304,432
Management and general expenses
$26,015
Fundraising expenses
$0
Program service expenses (Part III)
$304,432

Program services were 92.1% 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.

  • 1c · Fundraising events

    $380

  • 1e · Government grants (contributions)

    $425,000

  • 1f · All other contributions, gifts and grants

    $7,704

  • 3 · Investment income

    total $112 · unrelated business $0 · excluded $112

  • 8a · Fundraising events: contributions included on line 1c

    $380

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $111,000 · program services $99,900 · management and general $11,100 · fundraising $0

  • 7 · Other salaries and wages

    total $73,600 · program services $66,240 · management and general $7,360 · fundraising $0

  • 8 · Pension plan contributions

    total $14,122 · program services $12,710 · management and general $1,412 · fundraising $0

  • 11c · Fees: accounting

    total $3,719 · program services $0 · management and general $3,719 · fundraising $0

  • 12 · Advertising and promotion

    total $537 · program services $537 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $4,542 · program services $3,407 · management and general $1,135 · fundraising $0

  • 16 · Occupancy

    total $1,930 · program services $1,930 · management and general $0 · fundraising $0

  • 17 · Travel

    total $2,864 · program services $2,864 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $21,421 · program services $21,421 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,377 · program services $2,377 · management and general $0 · fundraising $0

  • 24a · Other expenses: STORAGE

    total $1,456 · program services $1,456 · management and general $0 · fundraising $0

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $2,833 · program services $2,833 · management and general $0 · fundraising $0

  • 24c · Other expenses: SUPPLIES & EXPENSES

    total $54,038 · program services $54,038 · management and general $0 · fundraising $0

  • 24d · Other expenses: OUTSIDE SERVICES

    total $23,900 · program services $23,900 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $7,108 · program services $5,819 · management and general $1,289 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,901 · end of year $121,499

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

    $196,791

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

    $117,758

  • 10c · Land, buildings and equipment, net

    beginning of year $54,885 · end of year $79,033

  • 31 · Retained earnings, endowment or other funds

    beginning of year $97,786 · end of year $200,532

Mission and programs · 2022

Mission

ASSISTING VETERANS IN BECOMING SUCCESSFUL FARMERS IN NORTH CAROLINA THROUGH EDUCATIONAL AND MENTORINIG PROGRAMS

  • AGRICULTURE EDUCATION AND MENTORING PROGRAMS

    Expenses $304,432 · Grants $5,000 · Revenue $433,084

As filed on the 2022 return.

Listed in Part VII

  • Robert Elliott

    EXECUTIVE DIRECTOR

    Total calculated
    $111,000
    From this org
    $111,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Adam Jeter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Elisabeth Meyer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Brian Graybill

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kate Bishop

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Robert Hosford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Tutor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Quentin Miles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daon Goodwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Corey Deibel

    BOARD MEMBER

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2023
IRS schema version
2022v5.0
Source object
202312449349300721

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