SERENBE ART FARM FOR ARTS AND EDUCATION CORPORATION

EIN: 861847583 501(c)(3) Arts, Culture & Humanities

CHATTAHOOCHEE HILLS, GA

Total Revenue
$1,415,885
Total Expenses
$1,570,382
Total Assets
$1,346,957
Net Assets
$1,317,112
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
GA
Principal Officer
GARNIE NYGREN
Phone
7703664358
Tax Period
2024-01-01 to 2024-12-31

SERENBE ART FARM FOR ARTS AND EDUCATION CORPORATION, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

WE ARE AN ARTS INCUBATOR CULTIVATING MEANINGFUL PARTNERSHIPS FOR PROGRAMMING, LEARNING, AND OUTREACH WHILE RESPECTING THE LIFESTYLE OF THE GREATER COMMUNITY AND WITH CARE FOR THE NATURAL ENVIRONMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,054,159
Program Service Revenue $312,668
Investment Income $49,058
Other Revenue $0
TOTAL REVENUE $1,415,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $269,188
Fundraising Expenses $42,694
Program Expenses $1,379,534
Other Expenses $1,301,194
TOTAL EXPENSES $1,570,382

Year-over-Year Comparison

2024 2023 Change
Revenue $1,415,885 $1,689,317 -0.2%
Expenses $1,570,382 $1,411,988 +0.1%
Net Income $-154,497 $277,329 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
N/A

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANICE BARTON PAST CHAIR N/A
Officer Director
$0 $0 $0
PENNY MCPHEE CO-CHAIR N/A
Officer Director
$0 $0 $0
ROBERT W KIRSCH TREASURER N/A
Officer Director
$0 $0 $0
CHARLES HOOKER DIRECTOR N/A
Director
$0 $0 $0
GARNIE NYGREN CO-CHAIR N/A
Officer Director
$0 $0 $0
JANE BLOUNT DIRECTOR N/A
Director
$0 $0 $0
BILL SISSON VICE CHAIR N/A
Director
$0 $0 $0
CINDY S LEDERMAN SECRETARY N/A
Director
$0 $0 $0
GARY CASSIS MUSIC COUNCI N/A
Director
$0 $0 $0
MADALYN MENTOR EXECUTIVE DI N/A
Officer
$0 $0 $0
CLAUDIA MCNAMEE CHAIR DANCE N/A
Director
$0 $0 $0
SHERI SALATA CHAIR FILM C N/A
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 $1,415,885 $1,570,382 $1,346,957 $-154,497
2023 $1,689,317 $1,411,988 $1,501,253 $277,329
2022 $1,430,942 $1,078,830 $1,242,651 $352,112
2021 $1,039,604 $213,750 $828,636 $825,854
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