Overview
What is Horseshoe Bay Farms Inc?
Horseshoe Bay Farms Inc, located in Egg Harbor, Wisconsin, serves as a dedicated preservationist organization. With a single employee, their mission is to act as a responsible steward, ensuring the future of Historic Horseshoe Bay Farms for generations to come. This is achieved through preservation, rehabilitation, and activation efforts, aimed at safeguarding the rural heritage and natural beauty of the farm.
Official website here: www.horseshoebayfarms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating.
Horseshoe Bay Farms Inc has received a low rating of 43% from Charity Navigator, primarily based on its Accountability & Finance metrics. Although the organization has some strengths, such as a fully independent board and no material diversion of assets, the overall financial health raises concerns. The program expense ratio is particularly low at 47.64%, indicating that less than half of the funds are being utilized for programs directly related to the charity's mission.
The organization does excel in areas like transparency, having a conflict of interest policy and listing its website on the tax form. However, it lacks critical policies like a whistleblower policy and document retention and destruction guidelines, which could affect its operational integrity. The liabilities to assets ratio at 15.15% further highlights potential financial stability issues, as a lower ratio is generally preferable.
In summary, while Horseshoe Bay Farms Inc demonstrates commitment in certain governance areas, its overall performance in program expenses and financial ratings suggests the need for improvement. Stakeholders should critically assess these financial metrics when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Horseshoe Bay Farms Inc legitimate?
Horseshoe Bay Farms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horseshoe Bay 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: $65,450
For more financial information, click here
Official website here: www.horseshoebayfarms.org
What is the mission statement of Horseshoe Bay Farms Inc?
Horseshoe Bay Farms Inc's mission is to serve as a responsible steward of the historic Horseshoe Bay Farms, ensuring its preservation, rehabilitation, and activation for future generations. The primary objective is to safeguard the rural heritage and aesthetic beauty of the farm. This mission involves preserving the farm's historical significance while rehabilitating its structures and activating it to secure a lasting impact.
Official website here: www.horseshoebayfarms.org
Who is the CEO of Horseshoe Bay Farms Inc?
Lori Nicholas is the President/Tr of Horseshoe Bay Farms Inc.
Official website here: www.horseshoebayfarms.org
What is the revenue of Horseshoe Bay Farms Inc?
Horseshoe Bay Farms Inc's revenue in 2022 was $147,458.
Official website here: www.horseshoebayfarms.org
Who are the executives of Horseshoe Bay Farms Inc and what are their salaries?
The average compensation at Horseshoe Bay Farms Inc during 2022 was $65,450. There is 1 employee and 64 volunteers at Horseshoe Bay Farms Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.horseshoebayfarms.org
Where can I find the form 990 for Horseshoe Bay Farms Inc?
Horseshoe Bay Farms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.horseshoebayfarms.org
Learn more at the official website: www.horseshoebayfarms.org
Mission Statement of Horseshoe Bay Farms Inc
Horseshoe Bay Farms Inc is committed to serving as a responsible steward, ensuring the preservation, rehabilitation, and activation of Historic Horseshoe Bay Farms for future generations. The organization's mission is to safeguard the rural heritage and natural beauty of the farm. By undertaking these efforts, Horseshoe Bay Farms Inc aims to secure its enduring existence for generations to come.
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Impact
October, 2024
Horseshoe Bay Farms Inc plays a pivotal role in preserving the rural heritage and natural beauty of the historic Horseshoe Bay Farms in Egg Harbor, Wisconsin. By focusing on responsible stewardship, the organization actively engages in the preservation, rehabilitation, and activation of this significant site. This commitment ensures that the rich history and cultural landscape of the farm are maintained for future generations to appreciate and enjoy.
Through its efforts, Horseshoe Bay Farms Inc safeguards the ecological integrity of the area, supporting local biodiversity while also fostering community engagement and education about sustainable farming practices and rural life. The farm serves as a living testament to the region's history, enriching the community's connection to its agricultural roots and enhancing the overall quality of life for residents and visitors alike.
This information is meant to be a general summary of Horseshoe Bay 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: $4,081
- Gross Receipts: $152,552
Assets and Liabilities:
- Total Assets: $596,844
- Total Liabilities: $90,467
- Net Assets: $506,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOUR FEES
Revenue
$3,689
PROGRAM FEES
Revenue
$392
Organization Details
Founding Year
2018
Principal Officer
Lori Nicholas
Main Address
PO BOX 296, EGG HARBOR, WI, 54209
Website
www.horseshoebayfarms.orgNTEE Category
Code: L81 - Housing
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