Stone Barns Restoration Corp
- Assets
- $107.9m
- Revenue
- $8.0m
- Investments
- $264.6k
- Employees
- 92
- Location
- Pocantico Hills, NY
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 13-4150082
Organization Overview
Stone Barns Restoration Corp is located in Pocantico Hills, NY. The organization was established in 2001. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Stone Barns Restoration Corp employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone Barns Restoration Corp 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 12/2021, Stone Barns Restoration Corp generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $15.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STONE BARNS CENTER IS A NONPROFIT FARM, EDUCATION, AND RESEARCH CENTER WITH A MISSION TO CATALYZE AN ECOLOGICALLY RESTORATIVE FOOD CULTURE. KEY PROGRAMS HIGHLIGHT SUSTAINABLE, REGENERATIVE AGRICULTURE AND THE PATTERN OF EATING NEEDED TO SUPPORT IT. THEY INCLUDE: OUTREACH AND PROGRAMS FOR ADULTS AND FAMILIES, RESEARCH AND DATA COLLECTION, AND ON-FARM EXPERIMENTATION TO EXPLORE BEST PRACTICES IN SUSTAINABLE FOOD PRODUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHEF-IN RESIDENCE INNOVATIVE CULINARY AND EDUCATIONAL PROGRAMS. SEE SCHEDULE O.
PUBLIC PROGRAMS - ENGAGING AND EDUCATING THE COMMUNITY ON REGENERATIVE AGRICULTURE AND HEALTHY EATING. SEE SCHEDULE O.
INNOVATION LABS - FOSTERING RESEARCH AND INNOVATION THAT DRIVES FOOD CULTURE CHANGE. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Parnell Executive Dir. | Officer | 40 | $261,238 |
Jack Algiere Farm Director | 40 | $190,948 | |
Matthew Andersen Director Events | 40 | $160,680 | |
Lauren Yarmuth Assoc Dir Philanth | 40 | $156,107 | |
Irene Hamburger Director Of Educ. | 40 | $150,533 | |
Jill Parsh Finance Director | 40 | $149,706 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Hill At Stone Barns Catering & Prog. Ser | 12/30/21 | $4,981,254 |
Tamar Podell Fundraising | 12/30/21 | $100,367 |
Catherine Kelley Communication Service | 12/30/21 | $101,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $239,615 |
| Fundraising events | $527,022 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,497,150 |
| Noncash contributions included in lines 1a–1f | $4,035 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,263,787 |
| Total Program Service Revenue | $1,277,054 |
| Investment income | -$1,742,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,264,327 |
| Net Gain/Loss on Asset Sales | $717,564 |
| Net Income from Fundraising Events | -$83,335 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,254,534 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,964,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,920 |
| Grants and other assistance to domestic individuals. | $8,640 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $860,084 |
| Compensation of current officers, directors, key employees. | $442,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,599,827 |
| Pension plan accruals and contributions | $52,646 |
| Other employee benefits | $430,088 |
| Payroll taxes | $295,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $333,518 |
| Fees for services: Accounting | $41,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $272,994 |
| Fees for services: Other | $5,773,609 |
| Advertising and promotion | $182,805 |
| Office expenses | $369,840 |
| Information technology | $193,307 |
| Royalties | $0 |
| Occupancy | $445,948 |
| Travel | $55,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,392,919 |
| Insurance | $190,247 |
| All other expenses | $0 |
| Total functional expenses | $15,313,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,554 |
| Savings and temporary cash investments | $5,499,868 |
| Pledges and grants receivable | $408,500 |
| Accounts receivable, net | $286,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,037 |
| Prepaid expenses and deferred charges | $159,527 |
| Net Land, buildings, and equipment | $40,815,825 |
| Investments—publicly traded securities | $60,261,034 |
| Investments—other securities | $264,559 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,933,883 |
| Accounts payable and accrued expenses | $1,378,031 |
| 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 | $1,378,031 |
| Net assets without donor restrictions | $105,830,074 |
| Net assets with donor restrictions | $725,778 |
| 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 | $107,933,883 |
Grants Awarded
Over the last fiscal year, Stone Barns Restoration Corp has awarded $25,920 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EL COMPADRE PK LLC PURPOSE: Stipends to Chefs and Students | $8,640 |
HONEYSUCKLE PROJECTS LLC PURPOSE: Stipends to Chefs and Students | $8,640 |
Brooklyn, NY PURPOSE: Stipends to Chefs and Students | $8,640 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Stone Barns Restoration Corp has recieved totaling $549,198.
| Awarding Organization | Amount |
|---|---|
Fourdoves Foundation New York, NY PURPOSE: GENERAL | $250,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: GENERAL PURPOSES | $100,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $100,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $53,500 |
Tang Fund New York, NY PURPOSE: CHARITABLE | $12,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,000 |
Endowment Analysis
| Beg. Balance | $4,544,821 |
| Earnings | $375,430 |
| Other Expense | $181,800 |
| Ending Balance | $4,738,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |