The Lambs Farm Inc
Nonprofit profile at a glance
- EIN
- 362474251
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Libertyville, IL, USA
- Phone
- 8473624636
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Sheltered Employment
Reported finances
- Revenue
- $22,592,794
- Expenses
- $15,736,635
- Assets
- $27,044,994
- Liabilities
- $2,691,868
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- KATHLEEN BURESCH (PRESIDENT/CEO)
Highest reported compensation
- KATHLEEN BURESCH (PRESIDENT/CEO): $235,021 total reported compensation
- CHARLES DEUPREE (MANAGER LAMBS INDUSTRIES): $142,271 total reported compensation
- MICHAEL DIAZ (CHIEF PROGRAM OFFICER): $141,232 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lambs farm is a place that provides all of the essential ingredients for people to grow: a safe, caring, living environment; an extended family of peers with shared values and mutual respect: opportunities to have productive employment and to make a contribution to the community while being as self-sufficient as possible.
What it reported doing in 2024
Training sites - through the various campus businesses (magnolia cafe & bakery, farmyard & attractions, pet shop, thrift shop and country store) participants receive training in food service, hospitality, store merchandising, customer service, shipping/receiving, animal care and food production. These businesses provide a vocational training site for participants.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 74
- Accountability: 95
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.2%; rating input score 64
- Program expense ratio: 83.1%; rating input score 83
- Fundraising efficiency: $37.46 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.3%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 1.72; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 64.2% of revenue deployed · 83.1% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
- Programs: 6 filed program accomplishments · $13.1M in reported program spending
- Leadership: top reported pay $235K · 24 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $131K reported
- Consistency: 36 of 36 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.