SPRIESTERSBACH FARM CORPORATION

EIN: 264784932 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$78,257
Total Expenses
$46,427
Total Assets
$1,208,068
Net Assets
$1,208,068
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Principal Officer
ROBERT GESWEIN
Phone
3176927849
Tax Period
2024-01-01 to 2024-12-31

SPRIESTERSBACH FARM CORPORATION, founded in 2008, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $78K in total revenue in fiscal year 2024. Revenue surged 221% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 41% operating margin.

Mission

THE PURPOSE OF THE SPRIESTERSBACH FARM CORPORATION IS TO PROVIDE EDUCATION ABOUT AGRICULTURE FOR THE GENERAL PUBLIC, WITH A PARTICULAR EMPHASIS ON YOUTH.

Program Service Accomplishments

Program 1
Expenses: $10,882

CLARK CO. 4H - TWO PROGRAM GRANTS MADE DURING THE YEAR. THE FIRST PROPOSED PROJECT WILL SUPPORT IMPROVEMENTS AT THE CLARK COUNTY FAIRGROUNDS. THE FAIRGROUNDS HOST THE CLARK COUNTY 4H FAIR ANNUALLY...

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CLARK CO. 4H - TWO PROGRAM GRANTS MADE DURING THE YEAR. THE FIRST PROPOSED PROJECT WILL SUPPORT IMPROVEMENTS AT THE CLARK COUNTY FAIRGROUNDS. THE FAIRGROUNDS HOST THE CLARK COUNTY 4H FAIR ANNUALLY. THE PROPOSED PROJECT WILL CONSIST OF MAKING ELECTRICAL REPAIRS IN THE LIVESTOCK BARNS, REPAIR THE AIR CONDITIONING SYSTEMS IN THE COMMUNITY, AND EXHIBIT BUILDINGS, AND THE FOOD STAND. IN ADDITION TO THE ELECTRICAL AND AC REPAIRS, THE PROPOSED PROJECT WILL ALSO INVOLVE ADDING FOUR NEW RV CONNECTIONS TO GENERATE REVENUE FOR THE NON PROFIT ORGANIZATION. CHEF UNIVERSITY IS A PROGRAM THAT ADDRESSES HEALTHY EATING, COOKING SKILLS AND COOKING SAFETY WITH YOUTH IN GRADES 3-8. THIS CLASS WILL IMPACT 70 YOUTH IN ALL AREAS OF CLARK COUNTY FROM RURAL TO URBAN. THIS IS THE 4TH YEAR FOR THIS PROGRAM. THROUGH CHEF UNIVERSITY, CLARK COUNTY 4-H GAINS SEVERAL NEW YOUTH TO THE PROGRAM ESPECIALLY FROM THE URBAN AREAS WHERE GETTING 4-H PROGRAMS TO YOUTH HAS ALWAYS BEEN A STRUGGLE.

Program 2
Expenses: $20,000

INDIANA FFA FOUNDATION THE INDIANA ADVANCED LIFE SCIENCE (ALS) CURRICULUM WAS DEVELOPED IN 2005. INDIANA TEAM AGED WORKED WITH CAERT, INC. (NOW, CUTTING EDGE CURRICULUM, INC.) TO DEVELOP CD-BASED...

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INDIANA FFA FOUNDATION THE INDIANA ADVANCED LIFE SCIENCE (ALS) CURRICULUM WAS DEVELOPED IN 2005. INDIANA TEAM AGED WORKED WITH CAERT, INC. (NOW, CUTTING EDGE CURRICULUM, INC.) TO DEVELOP CD-BASED LESSON PLAN LIBRARIES FOR THE THREE ALS COURSES IN AGRICULTURE. THE COURSES HAVE BEEN A SUCCESS YIELDING POST-SECONDARY DUAL CREDIT OPPORTUNITIES, INTRODUCING, AND ADVANCING STUDENTS TOWARD CAREERS IN AGRICULTURAL SCIENCES, AND BECOMING A PART OF SCHOOL GRADUATION CAREER.

Program 3
Expenses: $2,040

SCOTTSBURG HIGH SCHOOL AG. DEPT. THE PURCHASE OF TWO TOWER GARDEN KITS TO BE USED BY THE SCOTTSBURG HIGH SCHOOL AGRICULTURE DEPARTMENT AND SCOTTSBURG FFA CHAPTER. THE PURCHASE OF THESE KITS WILL...

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SCOTTSBURG HIGH SCHOOL AG. DEPT. THE PURCHASE OF TWO TOWER GARDEN KITS TO BE USED BY THE SCOTTSBURG HIGH SCHOOL AGRICULTURE DEPARTMENT AND SCOTTSBURG FFA CHAPTER. THE PURCHASE OF THESE KITS WILL ALLOW STUDENTS WITHIN THE AGRISCIENCE CLASSES AT SCOTTSBURG HIGH SCHOOL TO GAIN HANDS-ON EXPERIENCE BY GROWING EDIBLE CROPS USING HYDROPONICS. THE KITS ARE MOBILE AND COULD ALSO BE USED BY MEMBERS OF THE FFA CHAPTER TO EDUCATE OTHERS ON THE PROCESS OF HYDROPONICS DURING DIFFERENT COMMUNITY EVENTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $78,257
Other Revenue $0
TOTAL REVENUE $78,257

Expense Breakdown

Grants Paid $32,922
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,922
Other Expenses $13,505
TOTAL EXPENSES $46,427

Year-over-Year Comparison

2024 2023 Change
Revenue $78,257 $24,388 +2.2%
Expenses $46,427 $38,741 +0.2%
Net Income $31,830 $-14,353 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK THORNBURG TREASURER 2.00
Officer Director
$0 $0 $0
ROBERT GESWEIN PRESIDENT 2.00
Officer Director
$0 $0 $0
DOUG KING VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ANNE CRISTIANI SECRETARY 2.00
Officer Director
$0 $0 $0
DEBORAH TROTTER DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $78,257 $46,427 $1,208,068 $31,830
2023 $24,388 $38,741 $1,176,238 $-14,353
2022 $46,738 $29,106 $1,190,591 $17,632
2021 $166,754 $31,848 $1,172,959 $134,906
2020 $44,727 $25,445 $1,038,053 $19,282
2019 $44,518 $22,973 $1,018,771 $21,545
2018 $65,826 $32,186 $997,226 $33,640
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