Massachusetts Society For Promoting Agriculture
- Assets
- $5.8m
- Revenue
- $394.9k
- Investments
- $30.0k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1935
- Data as of
- 12/2023
- EIN
- 04-2265469
Organization Overview
Massachusetts Society For Promoting Agriculture is located in Boston, MA. The organization was established in 1935. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Society For Promoting Agriculture is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Massachusetts Society For Promoting Agriculture generated $394.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $290.8k during the year ending 12/2023. While expenses have increased by 10.8% per year over the past 5 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.
Since 2020, Massachusetts Society For Promoting Agriculture has awarded 30 individual grants totaling $538,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE KNOWLEDGE AND UNDERSTANDING OF AGRICULTURE AND STIMULATE RESEARCH IN NEW FIELDS RELATED TO AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT ATTACHED FOR GRANTS PAID
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederic Winthrop Jr Honorary Trustee | Trustee | 0.5 | $0 |
Timothy K Hollander Honorary Trustee | Trustee | 0.5 | $0 |
Dudley H Willis 2nd Vice President | OfficerTrustee | 1 | $0 |
Jonathan L Healy Honorary Trustee | Trustee | 0.5 | $0 |
Jerome C Hunsaker III Honorary Trustee | Trustee | 0.5 | $0 |
Robert T Hall Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $131,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $263,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $49,643 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,127 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $290,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $364,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,421,759 |
| Investments—other securities | $30,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $5,818,240 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,818,240 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,818,240 |
Grants Awarded
Over the last fiscal year, Massachusetts Society For Promoting Agriculture has awarded $232,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HAROLD GRINSPOON CHARITABLE FOUNDATION PURPOSE: LOCAL FARMER AWARDS PROGRAM | $100,000 |
JUST ROOTS INC PURPOSE: TO PARTIALLY FUND THE INCORPORATION OF NO-TILL, POLLINATOR-FRIENDLY GROWING PRACTICES ON ON ACRE AT THE FARM | $10,000 |
CONSERVATION LAW FOUNDATION PURPOSE: TO SUPPORT THE WORK OF THE LEGAL FOOD HUB | $25,000 |
WESTERN MASSACHUSETTS FIBERSHED PURPOSE: ACQUISITION OF A PELLETIZER AND SHREDDER TO MAKE BETTER USE OF 'DIRTY WOOL' | $7,000 |
CUTTYHUNK SHELLFISH FARMS PURPOSE: ACQUISITION AND DEPOLYMENT OF REPLACEMENT LANTERN NETS, FLOATING BAGS AND BASIC TOOLS TO SUPPORT THE CRITICAL SUMMER RETAIL BUSINESS | $18,000 |
BOSTON FARMS COMMUNITY LAND TRUST PURPOSE: SUPPORT THE BOSTON FARMS ACQUISITION AND DEVELOPMENT PLAN | $10,000 |