Overview
What is Farms Work Wonders Corporation?
Farms Work Wonders Corporation is a nonprofit organization situated in Wardensville, West Virginia. This social enterprise operates through various living classrooms, such as a bakery, market, organic farm, restaurant, and glass studio, providing real-life learning experiences for its community members. The unique aspect of this nonprofit is its social enterprise model, which generates income while reinvesting 100% back into the local community. Unlike traditional businesses that often extract profits for external interests, Farms Work Wonders Corporation aims to create sustainable enterprises that benefit the region. The organization's mission is to expand opportunities for Appalachian youth, empowering them to achieve their full potential. By focusing on three key areas - people, planet, and proceeds - the corporation strives to make a significant local impact. With a workforce of 98 individuals, Farms Work Wonders Corporation is dedicated to enhancing the lives and prospects of its community members.
Official website here: www.farmsworkwonders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Farms Work Wonders Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance primarily based on its accountability and financial management. The organization demonstrates strong governance with a fully independent board, excellent financial ratios, and a commitment to transparency, as evidenced by its practice of documenting board meeting minutes and distributing tax forms prior to filing.
The organization’s financial health is promising, highlighted by an impressive program expense ratio of 95.67%, which suggests that a significant portion of its funds is directed towards its mission-driven activities. Additionally, the fundraising efficiency ratio of $0.00 indicates that the organization is not incurring expenses related to fundraising, further enhancing its capacity to allocate resources effectively towards its programs.
While the overall rating is quite favorable, it relies solely on accountability and finance metrics, with no information available on other potential performance indicators such as program effectiveness or community impact. Therefore, while Farms Work Wonders Corporation shows robust financial and governance practices, a more comprehensive evaluation would benefit from insights into the outcomes and effectiveness of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Farms Work Wonders Corporation legitimate?
Farms Work Wonders Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farms Work Wonders Corporation 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: $2,217,170
For more financial information, click here
Official website here: www.farmsworkwonders.org
What is the mission statement of Farms Work Wonders Corporation?
Farms Work Wonders Corporation's mission is centered around expanding opportunities for youth residing in Appalachia, enabling them to realize their full potential. As an umbrella non-profit social enterprise, the corporation establishes learning environments, such as a bakery, market, organic farm, restaurant, and glass studio, providing real-life learning experiences and generating income. Adopting a social enterprise model, the corporation aims to reverse the negative economic development trends in the region, with profits reinvested back into the local community instead of benefiting external interests. Measuring success by the local impact in three key focus areas - people, planet, and proceeds - Farms Work Wonders Corporation strives to create educational and economic opportunities, protect the natural environment, and reinvest 100% of profits locally.
Official website here: www.farmsworkwonders.org
What is the revenue of Farms Work Wonders Corporation?
Farms Work Wonders Corporation's revenue in 2023 was $3,430,968.
Official website here: www.farmsworkwonders.org
Who are the executives of Farms Work Wonders Corporation and what are their salaries?
The average compensation at Farms Work Wonders Corporation during 2023 was $17,737. There are 125 employees and 7 volunteers at Farms Work Wonders Corporation.
Here are 10 key members and their salaries:
- Compensation: $126,582
- Related: $0
- Other: $18,160
- Compensation: $108,363
- Related: $0
- Other: $13,367
- Compensation: $0
- Related: $0
- Other: $15,110
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.farmsworkwonders.org
Where can I find the form 990 for Farms Work Wonders Corporation?
Farms Work Wonders Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.farmsworkwonders.org
Learn more at the official website: www.farmsworkwonders.org
Mission Statement of Farms Work Wonders Corporation
Farms Work Wonders Corporation, a nonprofit social enterprise, is dedicated to expanding opportunities for Appalachian youth, enabling them to reach their full potential. Its mission, in simple terms, is to foster an environment that nurtures educational and economic growth in the region's youth. The organization achieves this by creating living classrooms, such as a bakery, market, organic farm, restaurant, and glass studio. These real-life learning environments not only provide hands-on experiences but also generate income.
Unlike traditional businesses that often extract profits for external interests, Farms Work Wonders Corporation's social enterprise model ensures that all profits are reinvested back into the local community. This sustainable approach to business development aims to counteract the historically negative economic trends in Appalachia. The corporation's success is measured not by financial gains, but by its local impact in three key focus areas: people, planet, and proceeds. In the realm of people, Farms Work Wonders Corporation strives to create educational and economic opportunities. For the planet, it prioritizes the protection of the natural environment. Lastly, the proceeds are invested 100% locally, contributing to the overall development and well-being of the community.
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Impact
July, 2024
Farms Work Wonders Corporation's impact is significant in expanding opportunities for Appalachian youth so they can reach their greatest potential. By creating living classrooms such as a bakery, market, organic farm, restaurant, and glass studio, Farms Work Wonders provides real-life learning experiences while generating income. This social enterprise model allows the organization to address negative economic development in Appalachia by reinvesting 100% of profits back into the local community. Farms Work Wonders measures success by local impact in three key focus areas: people, planet, and proceeds. This approach not only creates educational and economic opportunities for the youth but also contributes to protecting the natural environment and fostering sustainable enterprises that benefit the local community.
This information is meant to be a general summary of Farms Work Wonders Corporation. 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.
- Investment Income: $6
- Gross Receipts: $3,857,141
Assets and Liabilities:
- Total Assets: $376,240
- Total Liabilities: $88,119
- Net Assets: $288,121
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Organization Details
Founding Year
2016
Principal Officer
Paul Yandura
Website
www.farmsworkwonders.orgNTEE Category
Code: K20 - Food
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