New England Food Foundation Inc
- Assets
- $4.4m
- Revenue
- $258.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Weymouth, MA
- Founding
- 07/1987
- Data as of
- 08/2023
- EIN
- 04-2935083
Organization Overview
New England Food Foundation Inc is located in Weymouth, MA. The organization was established in 1987. According to its NTEE Classification (K30) the organization is classified as: Food 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. New England Food 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 08/2023, New England Food Foundation Inc generated $258.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $172.6k during the year ending 08/2023. While expenses have increased by 0.2% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ASSISTS POOR, NEEDY, HOMELESS AND DESTITUTE CHILDREN AND YOUNG ADULTS, PARTICULARLY THOSE WITH SPECIAL EDUCATIONAL AND SOCIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING THE POOR, NEEDY, HOMELESS AND DESTITUTE CHILDREN AND YOUNG ADULTS, PARTICULARLY THOSE WITH SPECIAL EDUCATIONAL AND SOCIAL NEEDS. THE PRINCIPAL ACTIVITY IS MAINTENANCE OF A HOME IN SANDWICH, MA. THE HOME IS A PLACE FOR NEEDY AND DISADVANTAGED CHILDREN TO GO AND EXPERIENCE TIME IN A QUIET AND RURAL SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Johnson President | OfficerTrustee | $0 | |
Drew Rzezutko 1st Vice Pre | OfficerTrustee | $0 | |
Nick Letizio 2nd Vice Pre | OfficerTrustee | $0 | |
Kim Richardson-Roach Treasurer | OfficerTrustee | $0 | |
John Gentile Secretary | OfficerTrustee | $0 | |
Cheryl Schondek Past Preside | OfficerTrustee | $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 | $4,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,284 |
| Total Program Service Revenue | $1,475 |
| Investment income | $97,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,561 |
| Net Income from Fundraising Events | $127,751 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,631 |
| Fees for services: Other | $18,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,584 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,993 |
| Insurance | $6,405 |
| All other expenses | $22,237 |
| Total functional expenses | $172,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,631 |
| Savings and temporary cash investments | $100,484 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,500 |
| 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 | $3,857 |
| Net Land, buildings, and equipment | $466,703 |
| Investments—publicly traded securities | $3,614,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,426,041 |
| Accounts payable and accrued expenses | $5,532 |
| Grants payable | $0 |
| Deferred revenue | $107,500 |
| 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 | $113,032 |
| Net assets without donor restrictions | $698,144 |
| Net assets with donor restrictions | $3,614,865 |
| 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 | $4,426,041 |