Pineland Farms Inc
- Assets
- $0.0
- Revenue
- $7.7m
- Investments
- $751.3k
- Employees
- 0
- Location
- New Gloucester, ME
- Founding
- 03/2001
- Data as of
- 12/2020
- EIN
- 01-0538172
Organization Overview
Pineland Farms Inc is located in New Gloucester, ME. The organization was established in 2001. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pineland Farms Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Pineland Farms Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $7.3m during the year ending 12/2020. While expenses have increased by 1.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SOLD GOODS RELATED TO ITS FARMING AND EDUCATIONAL PROGRAMS, PROMOTING SUSTAINABILITY OF LOCAL AGRICULTURE AND PROVIDING EDUCATIONAL OPPORTUNITIES FOR THE PUBLIC. OUTDOOR SKIING AND HIKING OPERATIONS PROMOTE AMATEUR ATHLETICS AND HEALTHY LIFESTYLES THROUGH RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin M Gray Produce Farm Manager | 40 | $116,099 | |
Brian K Mailhot Director Of Retail O | 40 | $111,457 | |
Matthew M Sabasteanski Outdoor Director | 40 | $105,573 | |
William D Maschino Managing Director | 40 | $98,272 | |
Norman A Martin III Dairy Farm Manager | 40 | $98,083 | |
Dana Baldwin Trustee | 2 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,785,458 |
| Interest on Savings | $243 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $2,879,667 |
| Other Income | $0 |
| Total Revenue | $7,727,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Pension plans, employee benefits | $495,637 |
| Depreciation | $637,745 |
| Occupancy | $612,493 |
| Travel, conferences, and meetings | $34,967 |
| Printing and publications | $7,324 |
| Total operating and administrative expenses | $7,337,542 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $7,340,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,419 |
| Investments—mortgage loans | $0 |
| Investments—other | $751,255 |
| Other assets | $177,547 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $150,438 |
Grants Awarded
Over the last fiscal year, Pineland Farms Inc has awarded $731 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Presque Isle, ME PURPOSE: SPONSORSHIP | $456 |
Augusta, ME PURPOSE: SPONSORSHIP | $250 |
PINE TREE JUNIOR HOLSTEIN CLUB PURPOSE: SPONSORSHIP | $25 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pineland Farms Inc has recieved totaling $3,724,700.
| Awarding Organization | Amount |
|---|---|
Libra Foundation Owen W Wells Trustee Portland, ME PURPOSE: DEVELOP, OPERATE AND STAFF PINELAND FARMS, INC. FOR AGRICULTURAL PROMOTION, EDUCATION AND RESEARCH IN MAINE | $3,705,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Arts & Culture | $19,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pineland Farms Inc New Gloucester, ME | $0 | $7,727,361 |
Friends Of Katahdin Woods And Waters Portland, ME | $3,235,909 | $4,395,380 |
Castle Preservation Society Moultonborough, NH | $5,902,914 | $2,624,802 |
New Hampshire Preservation Alliance Concord, NH | $1,795,974 | $996,866 |
Sanborn Mills Inc Loudon, NH | $9,770,900 | $2,099,813 |
Redington Memorial Home Skowhegan, ME | $5,676,421 | $807,313 |
Plant Memorial Home Bath, ME | $3,482,192 | $671,466 |
Northeast Historic Film Bucksport, ME | $2,734,855 | $505,796 |
American Lighthouse Foundation Rockland, ME | $2,266,614 | $410,919 |
Kaler-Vaill Memorial Home Scarborough, ME | $8,374,987 | $683,742 |
Rochester Opera House Inc Rochester, NH | $977,163 | $769,630 |
Brooks Preservation Society Unity, ME | $1,366,306 | $367,590 |