Farms-Prides Community Association
- Assets
- $812.2k
- Revenue
- $33.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 05/1955
- Data as of
- 12/2020
- EIN
- 04-6052046
Organization Overview
Farms-Prides Community Association is located in Beverly, MA. The organization was established in 1955. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farms-Prides Community Association 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, Farms-Prides Community Association generated $33.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $47.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AN ALL VOLUNTEER ORGANIZATION THAT MAINTAINS AND OPERATES A HOUSE AND ATTACHED GYM THAT SERVES AS A MEETING PLACE AND RECREATION VENUE FOR COMMUNITY GROUPS AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENRICHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lord President | Officer | 6 | $0 |
Peter B Johnson Treasurer | Officer | 5 | $0 |
Elizabeth Dunn St Hilaire Vice President | Officer | 6 | $0 |
Alison Weingartner Secretary | Officer | 1 | $0 |
Kelly Fanning Director | Trustee | 2 | $0 |
Stephen Brickles Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,486 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,592 |
| Total Program Service Revenue | $0 |
| Investment income | $68 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,880 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,780 |
| 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 | $1,275 |
| 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 | $1,538 |
| 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 | $12,682 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $47,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,650 |
| Savings and temporary cash investments | $0 |
| 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 | $704,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $812,224 |
| 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 | $0 |
| 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 | $812,224 |
| Total liabilities and net assets/fund balances | $812,224 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Farms-Prides Community Association has recieved totaling $149.
| Awarding Organization | Amount |
|---|---|
Hurdle Hill Foundation Boston, MA PURPOSE: SOCIAL | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastman Community Association Grantham, NH | $24,089,251 | $7,350,665 |
Allston Brighton Comm Dev Corp Brighton, MA | $15,959,814 | $4,412,557 |
East Harlem Council For Community Improvement Inc New York, NY | $2,118,161 | $3,411,139 |
Warwick Valley Local Development Corporation Warwick, NY | $848,951 | $5,651,378 |
Radisson Community Association Inc Baldwinsville, NY | $3,036,076 | $2,758,047 |
Blue Hills Civic Association Incorporated Hartford, CT | $568,444 | $2,282,715 |
Southside Institutions Neighborhood Alliance Inc Hartford, CT | $5,370,562 | $1,765,981 |
Community Housing Improvement Program Inc New York, NY | $2,216,727 | $1,575,020 |
Good Old Lower East Side Inc New York, NY | $2,010,294 | $1,873,147 |
Agassiz Baldwin Community A Cambridge Corporation Cambridge, MA | $2,560,544 | $1,271,480 |
Washington Heights Inwood Preservation And Restoration Corpo New York, NY | $2,215,992 | $1,226,530 |
Spirit Of Springfield Inc Springfield, MA | $816,753 | $1,455,944 |