Borders Farm Preservation Inc
- Assets
- $3.2m
- Revenue
- $122.3k
- Investments
- $464.5k
- Employees
- 0
- Location
- Foster, RI
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 05-0512998
Organization Overview
Borders Farm Preservation Inc is located in Foster, RI. The organization was established in 2003. 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. Borders Farm Preservation 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 06/2022, Borders Farm Preservation Inc generated $122.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $143.9k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND MAINTAIN THE PROPERTY AND THE ENDOWMENT AND HAVE PROGRAMS TO FUND BORDERS FARM, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George E Dixon Director | 0 | $0 | |
John Bradley Former Pres. | 0 | $0 | |
Susan Joyce Treasurer | 3 | $0 | |
Charles Thomas Goucher Jr Director | 3 | $0 | |
Cindy Mellor-Neale Director | 3 | $0 | |
George Connors Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,884 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,784 |
| Net Rental Income | $8,665 |
| Net Gain on Sale of Assets | $60,216 |
| Capital Gain Net Income | $60,216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $151 |
| Other Income | $0 |
| Total Revenue | $122,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $20,338 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,549 |
| Total operating and administrative expenses | $46,887 |
| Contributions, gifts, grants paid | $97,000 |
| Total expenses and disbursements | $143,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,548 |
| Savings and temporary cash investments | $1,916,466 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $464,463 |
| Net Land, buildings, and equipment | $584,169 |
| Other assets | $2 |
| Total assets | $3,167,648 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $253,175 |
| Other liabilities | $2,214 |
| Total liabilities | $255,389 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Borders Farm Preservation Inc has recieved totaling $18,667.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $18,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |
Preserve Rhode Island Providence, RI | $13,128,578 | $4,482,092 |