Thistle Farms, Inc.
5122 Charlotte Avenue
Nashville TN 37209
Mission Statement

Thistle Farms' mission is to HEAL, EMPOWER, AND EMPLOY women survivors of trafficking, prostitution, and addiction. We do this by providing safe and supportive housing, the opportunity for economic independence, and a strong community of advocates and partners.

We believe that, in the end, love is the most powerful force for change in the world. 
CEO/Executive Director Mr. Hal Cato
Board Chair Mr. Jim Lewis
Board Chair Company Affiliation Community Hospitality
History & Background
Year of Incorporation 1996
Former Names
Magdalene, Inc.
Organization's type of tax exempt status 501-C3
Financial Summary
Graph: Expense Breakdown Graph - All Years
Projected Expenses $5,358,590.00
Projected Annual Revenue $5,358,590.00 (2018)

Thistle Farms' mission is to HEAL, EMPOWER, AND EMPLOY women survivors of trafficking, prostitution, and addiction. We do this by providing safe and supportive housing, the opportunity for economic independence, and a strong community of advocates and partners.

We believe that, in the end, love is the most powerful force for change in the world. 

The Rev. Becca Stevens founded Thistle Farms, under the name Magdalene, in 1997 to serve women who have survived prostitution, addiction, and trafficking on the streets, under bridges, and/or within prison walls.The organization now employs over 50 survivors and serves up to 700 women yearly between residential and advocacy services. Magdalene on the Inside is part of the Residential Program, providing recovery services to six women inside Tennessee Prison for Women. 

Thistle Farms has consistently scaled its organizational capacity to meet the needs of its residents, graduates, and women locally and nationally. In 2001, Thistle Farms began its first social enterprise, manufacturing and selling natural bath and body products. The social enterprise has grown its branches of employment to now include the Café at Thistle Farms, the Studios, and Thistle Farms Global. Thistle Farms has also created a National Network in response to a national desire to learn from Thistle Farms’ best practice model of recovery.

Taking into account benefits such as incarceration and arrest savings, sales tax contribution from employees, and disability and child protective services savings, Thistle Farms saves Nashville over $750,000 each year. Thistle Farms takes no government funding and is supported solely through private gifts, grants, and proceeds from Thistle Farms.



In FY2017:
  1. Thistle Farms Residential Program housed 31 women, served 6 women inside prison walls, conducted 1249 medical and therapeutic appointments in conjunction with community partners, and, in both May 2016 & May 2017, 100% of residents graduated clean and sober.
  2. Thistle Farms Social Enterprises sold over $2 million in products, saw a 47% increase in online sales, and paid $1,150,000 in income to residents and graduates.
  3. Thistle Farms Global partnered with and supported 28 organizations employing 1,700+ women in 21 countries.
  4. The Café at Thistle Farms employed 8 residents and graduates, hosted 70 events, underwent a complete renovation, and hired a professional chef, Martha Stamps.
  5. The Thistle National Network supported 40 sister  organizations, hosted a National Conference with 312 attendees from 35 states and 4 countries, and held 5 workshops welcoming 188 individuals to learn about our model.
Goals for FY2018 include:
  1. Start an on-site Intensive Outpatient Treatment program for new residents and graduates.
  2. Provide training and mentoring that will help department leaders grow as managers and supervisors.
  3. Formalize an employee development program for Body & Home that incentivizes professional growth and mastery of skills and processes.
  4. Re-launch Studios at Thistle Farms as a place to welcome volunteers each week.
  5. Meet sales and customer experience objectives for the new Café and Shop at Thistle Farms.
  6. Grow product sales by 25% over FY17.
  7. Provide educational workshops for more than 450 individuals and organizations interested in learning from Thistle Farms recovery model.
  1. Local Collaboration: Up to 20% of Thistle Farms’ operating budget reimburses local partners who provide holistic care to residents at a reduced price. These partnerships are an integral part of Thistle Farms’ promise to meet residents’ needs at no cost to the women. Strong partnerships with local employers are vital to sustaining residents’ and graduates’ success. These employers offer women a sustainable means of employment, despite criminal records and mental health issues that are typically barriers to employment.
  2. Affordable Housing: Thistle Farms is committed to helping every graduate access safe and affordable housing upon completion of our two-year Magdalene residential community. Metro estimates that 3,800 new affordable housing units will need to be built each year to meet the needs of Nashville’s growing population. With Thistle Farms’ graduates competing against Nashville’s burgeoning population for these affordable units, we do not expect housing to be fully attainable without cooperation from willing property owners and developers.

Other ways to donate, support, or volunteer

  1. Buy products online (, at a retail store near you ( or visit Thistle Farms’ storefront at 5122 Charlotte Ave. Nashville, TN 37209).
  2. Grab tea, coffee, or a meal at the Café at Thistle Farms (5128 Charlotte Ave. Nashville, TN 27209).
  3. Connect to Thistle Farms on social media via Facebook, Instagram, and Twitter.
  4. Attend an Education Workshop to learn more about Thistle Farms’ recovery model (
  5. Schedule a visit, tour, and/or service opportunity via Thistle Farms hosts a meditation open to the community on Wednesday mornings at 9:00am.
  6. Attend one of Thistle Farms’ many out-of-town events (


Service Categories
Primary Organization Category Human Services / Homeless Services/Centers
Secondary Organization Category Mental Health & Crisis Intervention / Substance Abuse Dependency, Prevention & Treatment
Tertiary Organization Category Employment / Sheltered Employment
Areas of Service
Areas Served
TN - Davidson
Although the majority of residents are from Middle Tennessee, Thistle Farms regularly get calls from across the United States about admittance to our Residential Program. Thistle Farms presence on a national level is bolstered by the Thistle National Network, fostering relationships with and supporting sister organizations in 24 different states. Globally, Thistle Farms Global Shared Trade Marketplace supports the employment of women in 21 different countries.
Board Chair Statement

It has been an honor and a privilege to be associated with Thistle Farms for over 15 years, initially as a volunteer and supporter and for the past 5 years as a Board member and now Chair of the Board. One of the most meaningful aspects of being involved with Thistle Farms is the opportunity to be in relationship with the residents and graduates and particularly to witness the amazing transformation that occurs as the women are nurtured, supported and loved through their two years in the program. I have literally not recognized some of the women after even one year in the program compared to when they first walked through the door. The transformation after two years is nothing short of miraculous.

At Thistle Farms, it seems that our successes and challenges are inter-related to some degree. A success we celebrated recently at Thistle Farms was the graduation of nine women, each of whom stayed sober/clean the entire two years they were in the program, were employed in good jobs and had been able to find housing. The challenge associated with this success is for the women to keep their jobs and housing and to meet other unexpected needs as they leave the highly supportive environment of the two-year residential program to be on their own. One of the biggest challenges we face is supporting our graduates for years to come after they graduate from the program. We have plans to have a person dedicated to this effort.

Another success is selling over $2,000,000 in products in the past year. We were able to do that through the great work of our manufacturing and shipping teams, as well as our marketing teams and the women who travel with President and Founder Becca Stevens to share the mission of Thistle Farms. The related challenge is needing to expand the space for our manufacturing and shipping teams in order to continue to grow our sales. So, our current challenge is securing funding and finding a larger space for our manufacturing and shipping teams.

For a few years now, we have offered education sessions on a bi-monthly basis to individuals and organizations that are interested in starting programs like our residential program and/or our social enterprise. The challenge for us is again one of space. Assuming we can find new space for manufacturing and shipping, we intend to renovate existing space to include an education session that will allow us to invite even more people and organizations to come learn from our experiences.

We are celebrating finding an excellent Chief Executive for Thistle Farms, Hal Cato. Hal’s years of non-profit and business experience are invaluable to our organization as we grow. Some of the challenges on Hal’s plate that we on the board take an interest in are: increasing employees’ hours so they can earn a true living wage, increasing the level of professionalism in the workplace while balancing the unique needs and concerns of the residents and graduates who work at Thistle Farms, and finding companies to partner with so more of our residents and graduates can find good jobs.

CEO Statement
The Thistle Farms community makes every effort to be a witness to the truth that love is the most powerful force for change in the world. That truth has been revealed to us in countless ways over the past two decades as we have watched and been part of the healing that occurs daily. We are grateful for this witness and for the opportunity we have had to grow one of the nations most dynamic social enterprises as well as help more than 40 other communities replicate this model.
Thistle Farms was founded not just to help a sub-culture of women, but to help change the culture itself. We stand in solidarity with women who are recovering from sexual abuse, violence, and life on the streets, and who have paid dearly for a culture that buys and sells women like commodities.  
Our statistical success has occurred because we provide a long-term, disciplined, and compassionate community, where very isolated women have the opportunity to heal from deep wounds that date back to childhood. 

 Founded in 1997 under the name Magdalene, Thistle Farms Residential Program operates as a two-year, rent-free recovery community for women survivors of prostitution, addiction, and trafficking. The Residential Program offers housing, medical care, therapy, education, and job training to residents, without charge. Magdalene on the Inside is an extension of the Residential Program that provides recovery services to six inmates in the Tennessee Prison for Women. Each of the Residential Program’s five residences functions without live-in staff, instead relying on residents to create a supportive community. Upon completion of the Residential Program, residents have the option of participating in the Transitional Living Program for an additional 12 months until gaining economic independence.

Residents of Thistle Farms range in age from 18-50 years old. On average, residents and graduates first experienced sexual abuse between the ages of 7-11, first used drugs and/or alcohol at age 13, and first entered prostitution between the ages of 14-16. 100% of residents have experienced rape and/or sexual assault.

Budget $650,945
Category Human Services, General/Other Services for Specific Populations
Population Served Females, Homeless, Alcohol, Drug, Substance Abusers
Short Term Success


  1. Residents complete drug treatment 90 days prior to enrollment or 6 months after enrollment.
  2. Residents gain employment and/or are enrolled in school and/or are enrolled in job training within 12 months of enrollment in the Residential Program.
  3. Residents maintain employment and save no less than $500 towards assets within 24 months of enrollment.
  4. Residents secure permanent housing within 24 months of enrollment.


Long term Success
1. Sobriety and alcohol/drug addiction recovery.  
2. Improved physical, emotional and spiritual health.
3. Education and training to enhance employment opportunities.
4. Legal employment at a living wage for 100% of graduates.
5. Safe, permanent housing for 100% of graduates.
Program Success Monitored By
Thistle Farms Residential Program uses the following tools and documents to track and evaluate individual and overall  program success:
  1. Random urine drug screens.
  2. Certificate of graduation and IOP discharge summary.
  3. NA/AA attendance sheets.
  4. Telephone contact with employer, check stubs, W-2 forms, and self-reports from residents and graduates.
  5. Receipt for class registration or tuition and grade reports.
  6. Monthly review of individual life skills and goal plans.
  7. Monthly bank statements or IDA account ledger.
  8. Copy of lease or mortgage.
Examples of Program Success

Thistle Farms Residential Program graduate Shelia Simpkins McClain was first molested at the age of 6; the child abuse continued for approximately 5 or 6 years. At the age of 14, Shelia ran away from home and started using drugs. By the time she was 18, she had turned to prostitution to support her habit and was subsequently in and out of jail.

Finally, in September 2004, Sheila was locked up for the last time. She wrote the judge asking to join Thistle Farms Residential Program and entered the Program in November 2004. Six months later, she was diagnosed with breast cancer and successfully completed her treatment. She graduated in 2006, and soon after bought her own home and was married.
In her words, "Thistle Farms has done so much for me. I walked in homeless, and now I proudly own my own home. I was a prostitute; now, I'm a good wife and an excellent mother. I have just completed my bachelor's degree in psychology with the goal of a master's in social work. I believe, with this education and my life experience, I will be better able serve women at risk in our community."




In 2001, Thistle Farms began its first social enterprise to employ residents and graduates of its Residential Program. Thistle Farms Social Enterprises has grown to include a natural bath and body care product line, the Thistle Stop Café, the Studios, and Thistle Farms Global.  In 2009, Thistle Farms created a National Education & Outreach Initiative to empower individuals and organizations seeking to do similar work.

Following a period of continuous recovery in the Residential Program, residents have the opportunity to participate in a six-month vocational training program at the Social Enterprises. Residents build resumes, learn leadership and communication skills, and gain experience in manufacturing, sales, shipping, restaurant service, and administration. These women complete the program with the intention of gaining permanent employment at Thistle Farms or an outside organization. Thistle Farms currently employs 45+ residents and graduates.

Budget $1,977,455
Category Employment, General/Other
Population Served Alcohol, Drug, Substance Abusers, Homeless, Unemployed, Underemployed, Dislocated
Short Term Success
Thistle Farms offers broad workplace development and transferable work skills for its employees. By the time of graduating, residents have gained skills in the following:
  1. Computer Literacy—This is done through onsite training as well as computer competency classes offered through a partnership with Belmont University.
  2. Conflict Resolution—An important foundation of a sheltered workspace, strong interpersonal communication and conflict resolution skills are emphasized through one-on-one coaching by managers and classes offered on-site.
  3. Work Consistency and Stability—Basic job skills are developed and strengthened in areas such as time management, accountability, self-discipline and team performance.
Long term Success
Measures of long-term success are the same across all of Thistle Farms. They include the following:
  1. Sobriety and alcohol/drug addiction recovery for residents and graduates
  2. Improved physical, emotional, and spiritual health.
  3. Education and training to enhance employment opportunities for residents and graduates.
  4. Legal employment at a living wage for 100% of graduates.
  5. Safe, permanent housing for 100% of graduates.
Program Success Monitored By

Thistle Farms Social Enterprises use the following tools and documents to track and evaluate individual and overall program success:

  1. Random urine drug screens.
  2. Certificate of graduation and IOP discharge summary.
  3. NA/AA attendance sheets.
  4. Telephone contact with employer, check stubs, W-2 forms, and self-reports from residents and graduates.
  5. Receipt for class registration or tuition and grade reports.
  6. Monthly review of individual life skills and goal plans.
  7. Monthly bank statements or IDA account ledger.
  8. Copy of lease or mortgage.
Examples of Program Success

Chelle began experimenting with drugs and alcohol in high school to fit in with the "in crowd," consequently leading to addiction. As the addiction progressed, Chelle found herself living on the streets for 14 years, from the ages of 21-35. Ready for a new start, Chelle entered Magdalene in 2003 and graduated two years later, working in various capacities, even owning her own business in subsequent years. Chelle is now working at Thistle Farms as the Office Manager and Administrative Assistant to the Managing Director of Thistle Farms. Chelle lives independently in her own apartment and is parenting 3 wonderful children.


Thistle Farms Global was created to support women survivors of addiction, trafficking, violence, and poverty around the world through a Shared Trade marketplace. Shared Trade increases the share of profit margins for women in a variety of trades, offering women a space to experience economic opportunity and healing community. As Thistle Farms’ founder Becca Stevens says, “We are acting globally so women experience freedom locally.”

Budget $278,710
Population Served , ,

The Cafe at Thistle Farms is a local café built by the community, for the community. Thistle Farms opened the Café in 2013, creating a home to anyone who walks through the doors, whether for a cup of coffee or to join a movement. The Café features a wide variety of breakfast and lunch foods as well as specialty drinks. At the Café, residents and graduates learn culinary skills and gain experience in customer service that are applicable to a wide variety of jobs outside of Thistle Farms.

Budget $158,966
Population Served , ,

In 2009, Thistle Farms began its National Education & Outreach Initiative to meet demand from organizations around the nation hoping to replicate Thistle Farms’ best practice model. The Initiative now offers free consultation and comprehensive education workshops to individuals and organizations who contact and/or visit Thistle Farms. To date, Thistle Farms has welcomed 2,500+ individuals from 40 different states through either workshops or national conferences.

Budget $243,870
Population Served , ,
CEO Comments

This is an incredibly exciting time to be a Thistle Farmer.

What started in 2001 with a powerful vision and a pot of melted candle wax has grown into one of the nation’s premier social enterprises with over 30,000 customers in 50 states and 6 countries. Over the past four years, revenue generated from Thistle Farms social enterprises revenue has grown more than 140%, and in 2017, we passed the $2,000,000 mark in sales. Every sale made represents a job opportunity for another survivor. In the past year, Thistle Farms has distributed over $1,150,000 in wages to residents and graduates of our program.
In our model, the road to permanent recovery for women begins with a key to a beautiful, safe home, a renewed sense of community, physical and mental health, and the opportunity to work towards economic independence.  With a waiting list of more than 100 women seeking hope in our program, we will work diligently during the upcoming year to expand the number of beds we offer. We are also committed to investing the resources necessary for our social enterprises to grow. After many renovations, Thistle Farms now has a full-service kitchen for our cafe as well as a manufacturing facility that gives us twice the amount of space to hire more residents and produce/ship more products. 
Board Chair
Board Chair Mr. Jim Lewis
Company Affiliation Community Hospitality
Term July 2017 to June 2018
Board Members
Ms. Christine Bradley VanderbiltVoting
Ms. Deborah Cole Citizens BankVoting
Mr. Parag Desai GenescoVoting
Mrs. Sherry Stewart Deutschmann Letter LogicVoting
Mrs. Carole Hagan Community VolunteerVoting
Rev. Frannie Hall Kieschnick Voting
Mrs. Carlana Harwell Community VolunteerVoting
Mr. Jay Joyner Joyner/HoganVoting
Mr. Harley Lappin Corrections Corporation of AmericaVoting
Mr. Jim Lewis Cumberland Consulting GroupVoting
Mr. Dick Lodge Bass Berry & SimsNonVoting
Ms. Lucia Mar Bank of America Merrill LynchVoting
Ms. Mary Catherine McClelland TaiganVoting
Mrs. Elizabeth McDonald Community VolunteerVoting
Ms. Ericka Monroe District Attorney's OfficeVoting
Ms. Sarabeth Myers Awake TNVoting
Ms. Sherri Neal HCAVoting
Mr. Johnny Seacrest Ingram IndustriesVoting
Mr Clint Smith EmmaVoting
Ms. Carolyn Snell Starstruck EntertainmentVoting
Ms. Miranda Whitcomb Pontes Community Hospitality RestaurantsVoting
Board Demographics - Ethnicity
African American/Black 3
Asian American/Pacific Islander 0
Caucasian 16
Hispanic/Latino 0
Native American/American Indian 0
Other 0 2
Board Demographics - Gender
Male 7
Female 14
Unspecified 0
Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 72%
Does the organization have written Board Selection Criteria? No
Does the organization have a written Conflict of Interest Policy? Yes
Percentage of Board Members making Monetary Contributions 50%
Percentage of Board Members making In-Kind Contributions 100%
Does the Board include Client Representation? Yes
Number of Full Board Meetings Annually 6
Board CoChair
Board CoChair Ms. Sherry Stewart Deutschmann
Company Affiliation Community Volunteer
Term July 2017 to June 2018
Standing Committees
Risk Management Provisions
Commercial General Liability
Directors & Officers Policy
General Property Coverage & Professional Liability
Life Insurance
Medical Health Insurance
Workers Compensation & Employers' Liability
Executive Director/CEO
Executive Director Mr. Hal Cato
Term Start Oct 2015

Hal Cato joined Thistle Farms as its first CEO in October 2015. Prior to that, he was founder and CEO of Zeumo, Inc, a healthcare technology company he created in 2012 and sold to The Advisory Board Company three years later. From 2001 – 2011, Hal was CEO of Oasis Center, where he raised over $17m, grew the organization more than 500%, and received numerous regional and national awards, including the 2011 “Best in Business" award for nonprofit organizations by the Nashville Business Journal and the national “Agency of the Year" by the National Network for Youth. In 2010, the editors of the Nashville Scene named Hal “Nashvillian of the Year."

Term Start Oct 2015
Full Time Staff 60
Part Time Staff 9
Volunteers 200
Contractors 4
Retention Rate 92%
Center for Nonprofit Management Excellence Network1998
Community Resource Center - Nashville2003
United Way Member Agency1999
Tennessee Association of Alcohol, Drug and other Addiction Services (TAADAS)2003
Tennessean of the YearTennessean2005
National Episcopal ChurchJubilee Center2001
CNM Salute to ExcellenceInnovation in Action1999
Champion of Change (Domestic Violence Prevention)White House2011
Entrepreneur of the YearNashville Chamber of Commerce2011
Humanitarian of the YearSmall Business Association of America2014
Next Award for Growth (Social Enterprise & Sustainability)Nashville Entrepreneurship Center & Nashville Chamber of Commerce2015
Top Ten CNN HeroCNN2016
Senior Staff
Title Managing Director, Thistle Farms
Experience/Biography B.B.A., Belmont University, 1993

Holli started with Thistle Farms in 2001, bringing 10 years experience from the music business in management and in retail sales and marketing.

Title Director of Magdalene
Experience/Biography Sara V. Evans is a licensed social worker and adjunct professor. She has provided service in the mental health field within Nashville Tennessee since 2003. In addition, she has taught college level students since 2007, most recently at Tennessee State University. Prior to practicing in Tennessee, she worked with Miami-Dade County, Dept. of Corrections & Rehabilitation. She received her Bachelor of Social Work from Middle TN State University and Master of Science of Social Work from University of Tennessee. She also serves as an advisor on Davidson County Foster Care Review Board, Meharry Medical College, Elam Mental Health Center Alumni Board, as a mentor for A Woman’s Journey and heads the counseling ministry at her church.
Title National Sales Director
Experience/Biography Katrina graduated the Thistle Farms residential program in 2007, and moved into sales at the social enterprise. Katrina has helped shepherd wholesale relationships for Thistle Farms to over 400 retail stores. As a survivor of childhood abuse, addiction and prostitution beginning in her teens, and over twenty years on the streets, she now provides mentorship and leadership to the women in the program and throughout the organization. She purchased her own home in 2007 and speaks regularly on behalf of recovery, healing and Thistle Farms.
Title Senior Director of Thistle Farms Body & Home

Jim started with Thistle Farms in 2010, bringing 20 years of experience as a certified food and beverage executive in convention hotels plus 7 years as VP of Business Development in food manufacturing/sales.

Title Director of Magdalene on the Inside, Assistant Residential Program Director
Experience/Biography A Thistle Farms graduate, Shelia has been the Director of Magdalene on the Inside since December 2013. She serves as the liaison between Magdalene, TPW, and all community partners in regard to the prison. She began as Assistant Residential Program Director in January 2017. For nine years she served the Assistant Residential Manager and, for two years, also worked with End Slavery Tennessee.
Title Executive Chef, Thistle Farms Cafe
Experience/Biography ANashville native, Martha earned her undergraduate degree at University of Virginia, Charlottesville where she began cooking professionally in her final year. She then attended and graduated from the Culinary Institute of America. Her work history in Nashville includes The Corner Market, The Wild Iris, The Yellow Porch, Martha's at the Plantation, and Bergamot Cafe. She's written 4 cookbooks and has a weekly food column in the Tennessean.
Title Sr. PR & Development Advisor
Experience/Biography B.A., Communications, Biola University, 1984
20 years in Marketing/PR in Music Business before coming to Thistle Farms. Began volunteering in 1997 when the organization was founded, transitioning to paid staff in 2003 to handle Development, PR and Marketing.
Title Director of Development
Fiscal Year
Fiscal Year Start July 01 2017
Fiscal Year End June 30 2018
Projected Revenue $5,358,590.00
Projected Expenses $5,358,590.00
Endowment Spending Policy Percentage
Endowment Spending Percentage (if selected) 5%
Detailed Financials
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201720162015
Total Revenue$6,847,639$5,417,866$3,829,240
Total Expenses$5,268,858$4,103,192$3,499,178
Revenue Less Expenses$1,578,781$1,314,674$330,062
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201720162015
Foundation and
Corporation Contributions
Government Contributions$0$0$0
Individual Contributions$4,352,124$3,201,698$1,887,408
Investment Income, Net of Losses($176,697)$0$0
Membership Dues$0$0$0
Special Events$0$0$0
Revenue In-Kind$190,566$113,200$107,000
Expense Allocation
Fiscal Year201720162015
Program Expense$4,456,322$3,640,368$3,105,756
Administration Expense$612,103$323,851$258,892
Fundraising Expense$200,433$138,973$134,530
Payments to Affiliates--$0$0
Total Revenue/Total Expenses1.301.321.09
Program Expense/Total Expenses85%89%89%
Fundraising Expense/Contributed Revenue5%4%7%
Assets and Liabilities
Fiscal Year201720162015
Total Assets$6,501,064$5,180,906$3,935,921
Current Assets$1,292,303$2,452,604$1,226,152
Long-Term Liabilities$20,000$20,000$26,262
Current Liabilities$377,527$636,150$699,577
Total Net Assets$6,103,537$4,524,756$3,210,082
Short Term Solvency
Fiscal Year201720162015
Current Ratio: Current Assets/Current Liabilities3.423.861.75
Long Term Solvency
Fiscal Year201720162015
Long-Term Liabilities/Total Assets0%0%1%
Top Funding Sources
Fiscal Year201720162015
Top Funding Source & Dollar AmountContributions, Gifts and Grants $4,352,124Contributions, Gifts and Grants $3,201,698Contributions, Gifts & Grants $1,887,408
Second Highest Funding Source & Dollar AmountProgram Revenue $2,349,940Program Revenue $2,098,798Program Revenue $1,800,423
Third Highest Funding Source & Dollar AmountNoncash Contributions $190,566Noncash Contributions $113,200Noncash Contributions $107,000
IRS Letter of Exemption
Capital Campaign
Is the organization currently conducting a Capital Campaign for an endowment or the purchase of a major asset? No
Campaign Purpose Thistle Farms' current Capital Campaign is focused on growing its local, national and global sales and education initiatives, as well as investing in the infrastructure that will fuel Thistle Farms' capacity to achieve self-sufficiency within the next three years. The campaign includes: - Remodel and expand the cafe and build a commercial kitchen and expanded storefront shop - Renovate leased warehouse building on Thistle Farms campus to expand manufacturing, shipping, packing, and office space - Renovate existing building to create more office space as well as an education center to host our monthly education workshops Each of these initiatives will help us to expand our reach in order to hire more women.
Capital Campaign Goal $3,000,000.00
Campaign Start and End Dates 2015 to 2017
Capital Campaign Raised-to-Date Amount $2,929,000.00 as of Jan 2017
Capital Campaign Anticipated in Next 5 Years? No
State Charitable Solicitations Permit
TN Charitable Solicitations Registration Yes - Expires Dec 2018 Financial Comments
Financial figures were taken primarily from the audit, with supplementary information taken from the Form 990.
Financials completed by Cherry Bekaert, CPA.
Comments provided by Kathryn Bennett 2/12/18.
*The endowment for Magdalene Inc. is housed at The Community Foundation of Middle Tennessee.
Nonprofit Thistle Farms, Inc.
Address 5122 Charlotte Avenue
Nashville, TN 37209
Primary Phone (615) 298-1140
CEO/Executive Director Mr. Hal Cato
Board Chair Mr. Jim Lewis
Board Chair Company Affiliation Community Hospitality
Year of Incorporation 1996
Former Names
Magdalene, Inc.

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