Beverly Farm Foundation

The information for Beverly Farm Foundation is as of the organization's most recent filing in June '22. This organization is located in Godfrey, IL. It has been in existence for 63 years, following its founding in 1959.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Beverly Farm Foundation's NTEE code is P73. The "P" tells us that the organization is classified along with Human Services. The "73" tells us that the organization is focused on Group Homes. The NTEE describes Group Homes as facilities that provide 24-hour non-medical care for individuals with disabilities who need supervision and/or assistance with activities of daily living.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to fall under section 3 of the Internal Revenue Code, which includes Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals Organizations.

Perhaps the most accurate way to understand the goals of the organization is by looking at its mission. The mission of the Beverly Farm Foundation is to provide residential and training options for persons with developmental disabilities.

Program Areas

The organization focuses on providing medical and educational care to approximately 400 individuals with developmental and physical disabilities. This program area falls under the general fund, which reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Beverly Farm Foundation is run by Martha Warford, who is the former Executive Director. The organization has 742 employees, with only 3 of them being paid over $100k per year. Supporting the paid staff are 125 volunteers.

Board Governance

Beverly Farm Foundation appears to be a well-governed non-profit organization based on the information provided. The organization has a total of 13 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further enhances the credibility and integrity of the organization's governance. The fact that the organization has not delegated management to an outside firm suggests that it has direct control over its operations and decision-making. This can contribute to more effective oversight and accountability. Additionally, the documentation of both board and committee meetings indicates transparency and a commitment to keeping records of important discussions and decisions. The presence of a conflict of interest policy and the requirement for disclosure of conflicts further demonstrate the organization's commitment to ethical practices. The existence of a written whistleblower policy and a document retention policy highlight the organization's efforts to maintain accountability and protect against misconduct. Furthermore, the substantiation and review of leadership salaries, as well as the provision of copies of the 990 to the board prior to filing, indicate a commitment to financial transparency and responsible use of resources. Overall, based on the information provided, Beverly Farm Foundation seems to have a well-established governance structure that promotes transparency, accountability, and ethical practices.

Organization Growth

The Beverly Farm Foundation has experienced significant growth over the given time period. Contributions & Grants Received increased from $2.7M in 2014 to $23.5M in 2021. Total Revenue also saw a substantial increase, rising from $24.1M in 2014 to $44.8M in 2021. Employee Salaries increased from $15.4M to $16.6M, and Total Expenses rose from $24.0M to $26.7M. However, the organization experienced a slight decrease in Total Employees, decreasing from 791 in 2014 to 742 in 2021. On the other hand, Total Volunteers increased from 120 in 2014 to 125 in 2021. Overall, the Beverly Farm Foundation has grown in terms of financial resources and volunteer engagement, but has seen a slight decrease in its workforce.