Overview
What is Malta Farms Inc?
Malta Farms Inc, located in Slaton, Texas, is a nonprofit organization dedicated to assisting individuals in reintegrating into society. Primarily focusing on individuals transitioning from jail and homelessness, Malta Farms Inc provides a supportive environment to help them re-establish themselves within the community. With a modest workforce of 5 employees, this organization is committed to making a significant impact in the lives of those in need. The specific activities and services offered by Malta Farms Inc are not explicitly detailed in the provided information, but their mission is to facilitate a smooth transition back into society for these individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating
Malta Farms Inc has received a score of 67% from Charity Navigator, which translates to a Two-Star rating. This rating indicates that the organization meets certain standards of accountability and transparency but may have room for improvement in overall financial health. The charity demonstrates strong governance with an independent board, scoring full points in the majority of its board member independence and size.
Strengths of Malta Farms Inc include an impressive Program Expense Ratio of 83.07%, indicating that a significant portion of its resources is allocated toward program services rather than administrative costs. Additionally, the organization has a perfect score in areas such as material diversion of assets and maintaining meeting minutes, reflecting sound operational practices.
However, the overall rating suggests that while Malta Farms Inc is performing adequately, there may be some financial sustainability concerns or other operational aspects that could be enhanced. Stakeholders may want to keep an eye on future performance metrics to assess the organization's long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Malta Farms Inc legitimate?
Malta Farms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malta Farms 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,764
For more financial information, click here
What is the mission statement of Malta Farms Inc?
Malta Farms Inc's mission is focused on assisting individuals in reintegrating into society, primarily those who have been in jail and also those experiencing homelessness. The organization's mission is to facilitate their smooth transition back into the community, providing them with the necessary support to lead independent lives. They strive to provide resources and opportunities that empower these individuals to rebuild their lives and become productive members of society. The organization's activities may include providing skills training, employment assistance, and other forms of support to help these individuals overcome the challenges they face.
Who is the CEO of Malta Farms Inc?
Chadd Everett is the President of Malta Farms Inc.
What is the revenue of Malta Farms Inc?
Malta Farms Inc's revenue in 2022 was $501,573.
Who are the executives of Malta Farms Inc and what are their salaries?
The average compensation at Malta Farms Inc during 2022 was $18,353. There are 5 employees at Malta Farms Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Malta Farms Inc?
Malta Farms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Malta Farms Inc
Malta Farms Inc, a nonprofit organization, is dedicated to assisting individuals in their transition back into the community, primarily those who have previously been incarcerated and also those experiencing homelessness. The organization's mission is centered around providing a pathway for these individuals to re-integrate into society, offering them the support and resources necessary to lead successful and stable lives. By focusing on this critical phase of rehabilitation, Malta Farms Inc plays a significant role in reducing recidivism rates and fostering a more inclusive and supportive community.
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Impact
July, 2024
Malta Farms Inc's impact is primarily focused on transitioning individuals back into the community, mainly from jail but also from the homeless population. They work to provide support and resources to help these individuals reintegrate successfully into society. Through their efforts, Malta Farms Inc contributes to reducing recidivism rates, addressing issues related to homelessness, and promoting social inclusion and rehabilitation. Their work plays a crucial role in supporting individuals who are often marginalized and in need of a fresh start.
This information is meant to be a general summary of Malta Farms 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 2022.
- Program Service Revenue: $91,371
- Gross Receipts: $501,573
Assets and Liabilities:
- Total Assets: $606,746
- Total Liabilities: $0
- Net Assets: $606,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUMPKIN SALES
Revenue
$33,038
LAWN SERVICES
Revenue
$45,720
FARMING INCOME
Revenue
$12,613
Organization Details
Founding Year
2000
Principal Officer
Chadd Everett
Main Address
13908 FM 400, SLATON, TX, 79364
NTEE Category
Code: I31 - Crime
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