Borders Farm Preservation Inc
- Assets
- $3.3m
- Revenue
- $179.1k
- Investments
- $479.8k
- Employees
- 0
- Location
- Foster, RI
- Founding
- 02/2003
- Data as of
- 06/2023
- 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 06/2023, Borders Farm Preservation Inc generated $179.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $202.6k during the year ending 06/2023. 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bazelak Director | 10 | $0 | |
Susan Joyce Treasurer | 8 | $0 | |
George E Dixon Director | 1 | $0 | |
Charles Thomas Goucher Jr Director | 2 | $0 | |
Cindy Mellor-Neale Director | 5 | $0 | |
George Connors Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,504 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,593 |
| Net Rental Income | $16,900 |
| Net Gain on Sale of Assets | $47,095 |
| Capital Gain Net Income | $47,095 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $179,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16,838 |
| Taxes | $4,705 |
| Depreciation | $18,708 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,311 |
| Total operating and administrative expenses | $59,562 |
| Contributions, gifts, grants paid | $143,000 |
| Total expenses and disbursements | $202,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,520 |
| Savings and temporary cash investments | $1,970,348 |
| 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 | $479,842 |
| Net Land, buildings, and equipment | $737,531 |
| Other assets | $0 |
| Total assets | $3,272,241 |
| 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 | $246,538 |
| Other liabilities | $2,214 |
| Total liabilities | $248,752 |