Overview
What is The Madison Farm?
The Madison Farm is a nonprofit organization situated in Madison, Tennessee, with a focus on promoting healthy living and sustainable practices. Their mission is to inspire intentional living by integrating education with agriculture, catering to urban and suburban children. They strive to equip students with essential skills to meet their basic needs while simultaneously enhancing the community through initiatives such as healthy-living education, community outreach, and sustainable farming. The Madison Farm adheres to organic, biointensive, and sustainable farming methods, ensuring environmental responsibility. With a modest team of two individuals, they work diligently to make a positive impact in their locality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Madison Farm has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a score of 50%, the organization struggles mainly due to the absence of independent board members, which raises potential governance issues. Furthermore, critical policies such as conflict of interest, whistleblower, and document retention are missing, contributing to transparency concerns.
Despite these shortcomings, The Madison Farm demonstrates a commendable program expense ratio of 73.26%, signifying that a substantial portion of its resources is directed toward its programs. Additionally, it maintains a low liabilities to assets ratio of 4.28%, indicating a sound financial footing in terms of debt management. However, the lack of essential governance structures diminishes the overall effectiveness and trustworthiness of the organization.
Potential donors and stakeholders should approach The Madison Farm with caution, considering the noted deficiencies in governance and transparency. A focus on improving these areas could enhance its credibility and operational effectiveness in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Madison Farm legitimate?
The Madison Farm is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Madison Farm 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: $28,800
For more financial information, click here
What is the mission statement of The Madison Farm?
The Madison Farm's mission is centered around empowering individuals to live with purpose. By integrating education and agriculture, they aim to engage both urban and suburban children. Their commitment is to equip students with practical skills, enabling them to meet essential needs and contribute positively to their surroundings. This is accomplished through initiatives that foster healthy living education, community outreach, and sustainable practices. The farm upholds organic, biointensive, and environmentally friendly farming methods to ensure a balanced approach to agricultural practices.
Who is the CEO of The Madison Farm?
Shannon Wilhelm is the President of The Madison Farm.
What is the revenue of The Madison Farm?
The Madison Farm's revenue in 2022 was $78,061.
Who are the executives of The Madison Farm and what are their salaries?
The average compensation at The Madison Farm during 2022 was $14,400. There are 2 employees at The Madison Farm.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Madison Farm?
The Madison Farm's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Madison Farm
The Madison Farm, with a mission of empowerment, seeks to inspire individuals to lead purposeful lives by integrating agriculture with education. This nonprofit organization targets both urban and suburban children, focusing on teaching them practical skills necessary for meeting their essential needs and contributing positively to their surroundings. The Madison Farm's commitment extends to promoting healthy living, community outreach, and sustainable initiatives through its organic, biointensive, and eco-friendly farming practices. By engaging in such activities, the organization aims to enrich the lives of its participants and foster a sense of responsibility towards the environment.
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Impact
August, 2024
The Madison Farm's impact is evident in the empowerment of individuals to live intentionally through education and agriculture integration. By reaching urban and suburban children, this organization instills practical skills to meet basic needs while promoting healthy-living education, community outreach, and sustainable initiatives. The commitment to organic, biointensive, and sustainable farming practices helps enhance the surrounding area and fosters a culture of sustainability and well-being.
This information is meant to be a general summary of The Madison Farm. 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: $60,680
- Gross Receipts: $78,061
Assets and Liabilities:
- Total Assets: $55,237
- Total Liabilities: $3,008
- Net Assets: $52,229
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FARM SALES
Revenue
$59,480
MISCELLANEOUS INCOME
Revenue
$1,200
Organization Details
Founding Year
2019
Phone
(615) 601-2730Principal Officer
Shannon Wilhelm
Main Address
100 ACADEMY ROAD, MADISON, TN, 37115
NTEE Category
Code: K20 - Food
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