Massachusetts 4-H Foundation Inc
- Assets
- $9.2m
- Revenue
- $682.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Framingham, MA
- Founding
- 10/1957
- Data as of
- 12/2023
- EIN
- 04-2303708
Organization Overview
Massachusetts 4-H Foundation Inc is located in Framingham, MA. The organization was established in 1957. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 12/2023, Massachusetts 4-H Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts 4-H Foundation 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 12/2023, Massachusetts 4-H Foundation Inc generated $682.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $403.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING, PROMOTING AND FINANCIALLY SUPPORTING THE MASSACHUSETTS 4-H PROGRAMS AND CAMPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SUPPORT OF THE 4-H PROGRAM INCLUDED FUNDS FOR 4-H EDUCATORS' SALARIES; EDUCATIONAL PROGRAMS IN URBAN AND RURAL REGIONS IN THE AREAS OF ANIMAL SCIENCES, SCIENCE, ENGINEERING AND TECHNOLOGY; COMMUNITY SERVICES; CURRICULA; AND VIRTUAL PROGRAMS.
THE FOUNDATION PROVIDED DIRECT STAFF SUPPORT AND RELATED EXPENSES AS WELL AS MARKETING AND PROMOTIONAL MATERIALS.
OTHER OFFICE EXPENSES USED FOR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven E Borgenson President | OfficerTrustee | 25 | $0 |
Louise S Donahue Vice President | OfficerTrustee | 1 | $0 |
Hayley Trahan-Liptak ESQ Clerk | OfficerTrustee | 1 | $0 |
David M Lehman Treasurer | OfficerTrustee | 1 | $0 |
Ashley Randle Member-At-Large | OfficerTrustee | 1 | $0 |
Kathleen Adams Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,558 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,576 |
| Noncash contributions included in lines 1a–1f | $13,438 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,134 |
| Total Program Service Revenue | $0 |
| Investment income | $156,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $262,184 |
| Net Income from Fundraising Events | -$21,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,422 |
| 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 | $111,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,577 |
| Fees for services: Other | $7,840 |
| Advertising and promotion | $4,797 |
| Office expenses | $13,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,841 |
| Travel | $2,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $517 |
| Insurance | $5,881 |
| All other expenses | $9,989 |
| Total functional expenses | $403,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,913 |
| Savings and temporary cash investments | $17,177 |
| Pledges and grants receivable | $8,706 |
| Accounts receivable, net | $1,508 |
| 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 | $13,012 |
| Net Land, buildings, and equipment | $990 |
| Investments—publicly traded securities | $8,890,331 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,143 |
| Total assets | $9,200,780 |
| Accounts payable and accrued expenses | $10,192 |
| 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 | $38,143 |
| Total liabilities | $48,335 |
| Net assets without donor restrictions | $3,719,105 |
| Net assets with donor restrictions | $5,433,340 |
| 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 | $9,200,780 |