Overview
What is Independence Farm Inc?
Independence Farm Inc, situated in Corsicana, Texas, is a nonprofit organization dedicated to offering residential therapeutic services to emotionally disturbed children. With a team of 11 dedicated individuals, they provide this essential support under contracts with the state of Texas, aiming to improve the overall well-being of these children. Their mission is centered around providing a nurturing environment where these children can receive the necessary care and support to overcome their emotional challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Independence Farm Inc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization scored notably well in several areas, including the majority of its board members being independent, which enhances governance. Also, its financial management is commendable, highlighted by a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed towards its programs.
Despite these strengths, the overall rating suggests there may be areas for improvement in transparency or operational effectiveness. While the board meeting minutes are documented, and governance structures appear solid, the charity's 73% score indicates that it may not fully meet the highest standards of excellence in all evaluated categories.
In summary, while Independence Farm Inc demonstrates strong financial practices and governance, the two-star rating suggests there is room for improvement in its overall operational transparency or effectiveness to enhance its impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Farm Inc legitimate?
Independence Farm Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Farm Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $156,126
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,267
For more financial information, click here
What is the mission statement of Independence Farm Inc?
Independence Farm Inc, as an organization, is committed to providing residential therapeutic services for emotionally disturbed children. They carry out this mission under contracts with the State of Texas. Their primary focus is on offering therapeutic care to children who are experiencing emotional disturbances. The organization's goal is to contribute positively to the lives of these children, aiming to help them overcome their challenges and lead healthier lives. While the exact nature of the therapeutic services is not specified in the information provided, it can be inferred that they provide a supportive environment and appropriate interventions to aid in the children's emotional recovery.
What is the revenue of Independence Farm Inc?
Independence Farm Inc's revenue in 2023 was $423,853.
Who are the executives of Independence Farm Inc and what are their salaries?
The average compensation at Independence Farm Inc during 2023 was $25,033. There are 12 employees at Independence Farm Inc.
Here are 2 key members and their salaries:
- Compensation: $85,598
- Related: $0
- Other: $0
- Compensation: $70,528
- Related: $0
- Other: $0
Where can I find the form 990 for Independence Farm Inc?
Independence Farm Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Independence Farm Inc
Independence Farm Inc, a nonprofit organization, is dedicated to providing residential therapeutic services for emotionally disturbed children. Under contract with the State of Texas, this organization plays a significant role in the lives of these children, offering them a therapeutic environment to help them overcome their emotional challenges. By offering these services, Independence Farm Inc aims to contribute positively to the well-being and development of these children, providing them with the necessary support to overcome their emotional difficulties.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Independence Farm Inc provides crucial residential therapeutic services for emotionally disturbed children under contracts with the state of Texas. This organization plays a vital role in supporting and caring for vulnerable children who are facing emotional challenges. By offering specialized services and a safe residential environment, Independence Farm Inc positively impacts the lives of these children, helping them heal and thrive. Their work not only benefits the children directly involved but also contributes to the well-being of the community by ensuring that these young individuals receive the care and support they need to overcome obstacles and build brighter futures.
This information is meant to be a general summary of Independence Farm Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $423,853
- Gross Receipts: $423,853
Assets and Liabilities:
- Total Assets: $140,397
- Total Liabilities: $19,334
- Net Assets: $121,063
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
24 HOUR RESIDENTIAL CARE
Revenue
$423,853
Organization Details
Founding Year
1991
Principal Officer
Susan Miller
NTEE Category
Code: P70 - Human services
If you are a representative of Independence Farm Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.