Sweet Meadow Estate

Nonprofit profile at a glance

EIN
831033209
IRS 990 coverage
2020–2023
Forms available
Form 990 2023, Form 990-N 2019
Location
Washington, TX, USA
Phone
9368782390
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution
Affiliation
Christianity

Reported finances

Revenue
$53,000
Expenses
$79,862
Assets
$471,647
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Dimitra Emmanouilidou (President, Director/Trustee)
  • Stavroula Siounis (Vice President, Director/Trustee)

People named in this filing

  • Dimitra Emmanouilidou (President, Director/Trustee)
  • Katherine Pieratos (Secretary, Director/Trustee)
  • Stavroula Siounis (Vice President, Director/Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate exclusively to fundraise and receive contributions and pay them over to Saint Paraskevi Greek Orthodox Monastery, EIN 20-1202371, a recognized 501(c)(3) organization and exempt from taxation under 501(a) located in Washington, Texas, United States of America.

What it reported doing in 2023

To operate exclusively to fundraise and receive contributions and pay them over to Saint Paraskevi Greek Orthodox Monastery, EIN 20-1202371, a recognized 501(c)(3) organization and exempt from taxation under 501(a) located in Washington, Texas, United States of America. Additional Information: 1) Sweet Meadow Estate since its formation in 2018 operates a small winery for Saint Paraskevi Greek Orthodox Monastery vineyard. Sweet Meadow Estate holds the Federal Winery Permit from the TTB and the Texas Winery Permit from the TABC. Sweet Meadow Estate produces and bottles the wine coming from the grapes harvested from the 1 acre vineyard of Saint Paraskevi Greek Orthodox Monastery. The abbess, Dimitra Emmanouilidou, oversees and guides the spiritual life of Saint Paraskevi Greek Orthodox Monastery and offers guidance to the operations of Sweet Meadow Estate Winery. 2) Sweet Meadow Estate entered into an annual "Farm Operating Plan for an Entity" (Conservation Program - EQIP Program - Environmental Quality Incentives Program) with USDA/NRCS as the farm operator. Saint Paraskevi Greek Orthodox Monastery contributes the land in perpetuity to Sweet Meadow Estate to operate farm #8795 as assigned by the FSA for the purposes of self-sustaining the sisterhood and the community of Saint Paraskevi Greek Orthodox Monastery.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 81
  • Accountability: 70
  • Sustainability: 45
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.6%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -50.7%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 5.91; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 73.2% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -66.7% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 3.9% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.6% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $73K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.