Peacehaven Farm Inc
- Assets
- $5.1m
- Revenue
- $1.9m
- Investments
- $145.8k
- Employees
- 9
- Location
- Whitsett, NC
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-1388416
Organization Overview
Peacehaven Farm Inc is located in Whitsett, NC. The organization was established in 2009. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Peacehaven Farm Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peacehaven Farm Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Peacehaven Farm Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $627.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PERMANENT HOUSING AND WORK OPPORTUNITIES ON FARM OPERATIONS FOR ADULTS WITH INTELLECTUAL AND PHYSICAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS ESTABLISHING AN AFFORDABLE HOUSING AND FARM COMMUNITY THAT PROVIDES A PERMANENT HOME FOR ADULTS WITH SPECIAL NEEDS IN A SUPPORTIVE AND FAMILY-LIKE ENVIRONMENT. CURRENTLY, 4 RESIDENTS OCCUPY 1 HOUSE IN THE COMMUNITY. THE RESIDENTS CONTRIBUTE TO TAKING CARE OF THE PROPERTY. THE FARM IS A SUSTAINABLE FARM OF 89 ACRES AND CONNECTS PEOPLE WITH SPECIAL NEEDS TO THEIR COMMUNITY. 115 VOLUNTEERS CONTRIBUTED THEIR SERVICES TO THE ORGANIZATION IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buck Cochran Chief Executive Officer | Officer | 40 | $84,000 |
Jennifer Windsor Treasurer | OfficerTrustee | 1 | $0 |
Barb Steslow Chair | OfficerTrustee | 1 | $0 |
Phelps Sprinkle Chairperson | OfficerTrustee | 1 | $0 |
Tim Elliott Director | Trustee | 1 | $0 |
Nkosi La Roche Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,700,392 |
| Noncash contributions included in lines 1a–1f | $45,113 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,763,399 |
| Total Program Service Revenue | $0 |
| Investment income | $2,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,265 |
| Net Gain/Loss on Asset Sales | -$20 |
| Net Income from Fundraising Events | $17,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,909,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,000 |
| Compensation of current officers, directors, key employees. | $63,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,915 |
| Payroll taxes | $23,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,820 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,944 |
| Insurance | $15,078 |
| All other expenses | $25,927 |
| Total functional expenses | $627,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,099,384 |
| Savings and temporary cash investments | $53,822 |
| Pledges and grants receivable | $225,927 |
| Accounts receivable, net | $49,261 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,522,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $145,831 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,338 |
| Total assets | $5,119,509 |
| Accounts payable and accrued expenses | $13,116 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $243,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,679 |
| Total liabilities | $260,545 |
| Net assets without donor restrictions | $3,616,994 |
| Net assets with donor restrictions | $1,241,970 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,119,509 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peacehaven Farm Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Kearney Family Foundation Inc Greensboro, NC PURPOSE: DONOR DESIGNATED FOR GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $111,167 |
| Earnings | $32,314 |
| Net Contributions | $2,350 |
| Ending Balance | $145,831 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George West Mental Health Foundation Inc Atlanta, GA | $80,821,604 | $27,350,526 |
Crossnore Communities For Children Crossnore, NC | $41,820,872 | $36,255,249 |
Pathway Homes Inc Fairfax, VA | $26,877,670 | $17,405,193 |
B & D Integrated Health Services Durham, NC | $4,788,708 | $11,835,093 |
Cooperriis Inc Mill Spring, NC | $12,718,463 | $13,153,723 |
Residential Services Inc Chapel Hill, NC | $17,802,150 | $11,666,621 |
Charterhouse School Inc Richmond, VA | $1,399,029 | $7,716,111 |
Leary Educational Foundation Inc Winchester, VA | $11,458,020 | $7,471,815 |
Elks Aidmore Inc Conyers, GA | $5,741,804 | $7,665,185 |
Eagle Ranch Inc Flowery Branch, GA | $10,349,544 | $13,429,536 |
Gateway Homes Inc Chesterfield, VA | $6,272,699 | $4,943,891 |
Windwood Farm Home For Children Inc Awendaw, SC | $3,619,044 | $4,525,186 |