Lambs Farm Inc
- Assets
- $23.5m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 397
- Location
- Libertyville, IL
- Founding
- 07/1963
- Data as of
- 06/2021
- EIN
- 36-2474251
Organization Overview
Lambs Farm Inc is located in Libertyville, IL. The organization was established in 1963. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2021, Lambs Farm Inc employed 397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lambs 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 06/2021, Lambs Farm Inc generated $13.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $11.8m during the year ending 06/2021. 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
HELPING PEOPLE WITH DEVELOPMENTAL DISABILITIES LEAD PRODUCTIVE, HAPPY LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLF SUPPORT - CLF SUPPORT CONSISTS OF AN INTERMEDIATE CARE FACILITY AS WELL AS CAMPUS GROUP HOMES. THE INTERMEDIATE CARE FACILITY PROVIDES RETIREMENT-SPECIFIC ACTIVITIES PROMOTING WELLNESS AND AN ACTIVE LIFESTYLE WITH STAFF AVAILABLE 24 HOURS A DAY. GROUP HOMES PROVIDE A COMMUNITY LIVING ENVIRONMENT WHERE PARTICIPANTS CAN LEARN LIVING SKILLS IN A SUPPORTIVE ENVIRONMENT. HOUSEKEEPING AND MEAL PREPARATION RESPONSIBILITIES ARE SHARED AMONG THE PARTICIPANTS WITH STAFF SUPPORT.
TRAINING SITES - THROUGH THE VARIOUS CAMPUS BUSINESSES (MAGNOLIA CAFE & BAKERY, FARMYARD & ATTRACTIONS, PET SHOP, THRIFT SHOP AND COUNTRY STORE) PARTICIPANTS RECEIVE TRAINING IN FOOD SERVICE, HOSPITALITY, STORE MERCHANDISING, CUSTOMER SERVICE, SHIPPING/RECEIVING, ANIMAL CARE AND FOOD PRODUCTION. THESE BUSINESSES PROVIDE A VOCATIONAL TRAINING SITE FOR PARTICIPANTS.
COMMUNITY RESIDENCES - LOCATED IN COMMUNITIES NEARBY THE LAMBS CAMPUS, COMMUNITY RESIDENCES ARE HOME TO PARTICIPANTS DESIRING A MORE INDEPENDENT LIFESTYLE. RESIDENTS RECEIVE SUPPORT FROM STAFF AND HAVE ACCESS TO LAMBS FARM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Yaconetti President/ceo | OfficerTrustee | 50 | $176,766 |
Kathleen Buresch Director Of Marketing And Operations | 40 | $102,055 | |
Patricia Mcguire Treasurer-Officer | Officer | 35 | $93,118 |
Robert Neiman Board Chairman | Trustee | 4 | $0 |
Robert Gattuso Director | Trustee | 2 | $0 |
Ajay Madhani MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $164,623 |
| Related organizations | $0 |
| Government grants | $9,315,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,013,727 |
| Noncash contributions included in lines 1a–1f | $983,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,493,503 |
| Total Program Service Revenue | $355,345 |
| Investment income | $311,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,064 |
| Net Income from Fundraising Events | -$104,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $769,691 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,032,908 |
| 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. | $291,705 |
| Compensation of current officers, directors, key employees. | $126,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,325,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $900,292 |
| Payroll taxes | $533,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,352 |
| Fees for services: Other | $359,221 |
| Advertising and promotion | $2,879 |
| Office expenses | $47,803 |
| Information technology | $66,590 |
| Royalties | $0 |
| Occupancy | $759,148 |
| Travel | $86,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,139 |
| Interest | $70,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $517,429 |
| Insurance | $389,727 |
| All other expenses | -$271,991 |
| Total functional expenses | $11,776,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,898 |
| Savings and temporary cash investments | $467 |
| Pledges and grants receivable | $1,416,042 |
| Accounts receivable, net | $94,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $366,134 |
| Prepaid expenses and deferred charges | $136,875 |
| Net Land, buildings, and equipment | $6,115,651 |
| Investments—publicly traded securities | $12,516,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,649,487 |
| Total assets | $23,504,581 |
| Accounts payable and accrued expenses | $1,098,510 |
| Grants payable | $0 |
| Deferred revenue | $86,986 |
| 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 | $1,680,471 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,268,712 |
| Total liabilities | $5,134,679 |
| Net assets without donor restrictions | $8,865,381 |
| Net assets with donor restrictions | $9,504,521 |
| 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 | $23,504,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lambs Farm Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Schultz Family Private Foundation Lake Bluff, IL PURPOSE: GENERAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $5,988,136 |
| Earnings | $1,077,853 |
| Net Contributions | $2,200 |
| Other Expense | $272,345 |
| Ending Balance | $6,795,844 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trivium Life Services Council Bluffs, IA | $13,038,100 | $26,578,682 |
Boone Center Inc St Peters, MO | $14,889,109 | $18,998,876 |
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
Industries For The Blind And Visually Impaired Inc West Allis, WI | $80,204,002 | $10,367,576 |
Lambs Farm Inc Libertyville, IL | $23,504,581 | $13,032,908 |
Orc Industries Inc La Crosse, WI | $242,922,909 | $45,746,672 |
Wesco Industries Denison, IA | $5,356,344 | $10,021,325 |
Skyline Center Inc Clinton, IA | $4,248,547 | $8,832,624 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Open Door Rehabilitation Center Sandwich, IL | $5,637,180 | $7,297,052 |
North Central Sheltered Workshop Fort Dodge, IA | $2,808,504 | $6,257,790 |
Peoria Production Shop Inc Peoria, IL | $26,236,836 | $5,188,185 |