Malta Farms Inc
- Assets
- $546.1k
- Revenue
- $339.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Slaton, TX
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 75-2908430
Organization Overview
Malta Farms Inc is located in Slaton, TX. The organization was established in 2001. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Malta Farms Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malta Farms 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, Malta Farms Inc generated $339.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $293.5k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TRANSITIONING INDIVIDUALS BACK INTO THE COMMUNITY MAINLY FROM JAIL OR THE HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONING INDIVIDUALS BACK INTO THE COMMUNITY, MAINLY FROM JAIL BUT ALSO FROM THE HOMELESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Bonner President | OfficerTrustee | 1 | $0 |
Jayton Zachary Vice President | OfficerTrustee | 1 | $0 |
Jeff Whitaker Treasurer | OfficerTrustee | 1 | $0 |
Carlos Marrero Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,477 |
| Total Program Service Revenue | $174,527 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,004 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,379 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $472 |
| Office expenses | $6,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,316 |
| Travel | $68 |
| 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 | $30,632 |
| Insurance | $2,733 |
| All other expenses | $19,171 |
| Total functional expenses | $293,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $519,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $546,127 |
| Accounts payable and accrued expenses | $10,843 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,843 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $535,284 |
| Total liabilities and net assets/fund balances | $546,127 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Malta Farms Inc has recieved totaling $66,169.
| Awarding Organization | Amount |
|---|---|
R C Johnson Jr Foundation Inc Lubbock, TX PURPOSE: GENERAL PURPOSE | $50,653 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,973 |
Monty Miller Living Legacy Foundation Lubbock, TX PURPOSE: SUPPORT | $5,000 |
Hds Foundation Lubbock, TX PURPOSE: TO PROVIDE FUNDS TO FURTHER THE CHARITABLE PURPOSES OF THE ENTITY. | $2,000 |
Terry And Kelly Crofoot Foundation Lubbock, TX PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homeward Bound Inc Dallas, TX | $8,117,100 | $10,764,247 |
St Francis House Inc Little Rock, AR | $1,529,219 | $3,668,038 |
United Family Services Inc Pine Bluff, AR | $3,120,471 | $3,869,190 |
Rutherford House Inc Shreveport, LA | $1,210,553 | $2,233,143 |
Denton Freedom House Aubrey, TX | $1,344,290 | $2,738,392 |
Alternative House Incorporated Albuquerque, NM | $2,595,882 | $1,860,462 |
Freedom Ranch Inc Tulsa, OK | $4,927,070 | $1,596,872 |
Northern Oklahoma Youth Services Center And Shelter Inc Ponca City, OK | $1,693,333 | $986,432 |
Freshly Renewed Faith Based Transitional Scott, AR | $90,335 | $775,281 |
Pauls Project Lubbock, TX | $205,720 | $794,000 |
Re-Nu Life Center Alexander, AR | $740,370 | $908,421 |
House Where Jesus Shines Inc Waco, TX | $29,002 | $572,494 |