Stone Barns Restoration Corp
- Assets
- $96.4m
- Revenue
- $10.8m
- Investments
- $402.8k
- Employees
- 84
- Location
- Pocantico Hills, NY
- Founding
- 07/2001
- Data as of
- 12/2022
- 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 12/2022, Stone Barns Restoration Corp employed 84 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 12/2022, Stone Barns Restoration Corp generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $13.8m during the year ending 12/2022. While expenses have increased by 9.2% 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
2022
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 ECOLOGICAL FOOD CULTURE.THE ORGANIZATION ENGAGES IN DIVERSIFIED, REGENERATIVE AGRICULTURE AND EXPLORES THE PATTERNS OF EATING NEEDED TO SUPPORT IT. WE ENGAGE IN THESE PRACTICES IN THE BIOREGION OF THE HUDSON VALLEY AND SEEK TO BROADCAST OUR KNOWLEDGE TO COLLABORATORS AND PARTNERS IN OUR BIOREGION. ULTIMATELY, OUR WORK ASPIRES TO INFORM OTHER REGIONS IN THE TRANSFORMATION OF ECOLOGICALLY-GROUNDED FOOD SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PROGRAMS - ENGAGING AND EDUCATING THE COMMUNITY ON REGENERATIVE AGRICULTURE AND HEALTHY EATING. SEE SCHEDULE O.
ON-FARM LABORATORY IMPROVING AND SPREADING SUSTAINABLE GROWING PRACTICES. 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 |
|---|---|---|---|
Richard Parnell Executive Dir. | Officer | 40 | $357,045 |
Catherine Kelley Dir. Communication | 40 | $209,505 | |
Jack Algiere Farm Director | 40 | $191,501 | |
Elise Edwards Dir. Strategy | 40 | $194,347 | |
Vicky Bisogno Dir. Development | 40 | $200,162 | |
Matthew Andersen Director Events | 40 | $163,130 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Hill At Stone Barns Catering & Prog. Ser | 12/30/22 | $2,310,790 |
Robert Cundall Finance/strategy Consulti | 12/30/22 | $104,000 |
Tamar Podell Consulting Llc Development Consulting | 12/30/22 | $142,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $221,705 |
| Fundraising events | $605,537 |
| Related organizations | $0 |
| Government grants | $360,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,707,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,895,093 |
| Total Program Service Revenue | $1,851,831 |
| Investment income | $1,325,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,644,251 |
| Net Gain/Loss on Asset Sales | -$1,329,396 |
| Net Income from Fundraising Events | -$115,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $530,069 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,801,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $782,442 |
| Compensation of current officers, directors, key employees. | $551,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,732,374 |
| Pension plan accruals and contributions | $87,774 |
| Other employee benefits | $666,620 |
| Payroll taxes | $393,928 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $263,872 |
| Fees for services: Accounting | $239,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $252,327 |
| Fees for services: Other | $3,023,144 |
| Advertising and promotion | $72,527 |
| Office expenses | $212,876 |
| Information technology | $202,120 |
| Royalties | $0 |
| Occupancy | $502,257 |
| Travel | $57,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,409,934 |
| Insurance | $250,116 |
| All other expenses | $0 |
| Total functional expenses | $13,804,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,249 |
| Savings and temporary cash investments | $10,025,073 |
| Pledges and grants receivable | $1,364,589 |
| Accounts receivable, net | $552,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,857 |
| Prepaid expenses and deferred charges | $180,945 |
| Net Land, buildings, and equipment | $40,090,123 |
| Investments—publicly traded securities | $43,720,096 |
| Investments—other securities | $402,769 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,425,229 |
| Accounts payable and accrued expenses | $1,588,266 |
| 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 | $9,800 |
| Total liabilities | $1,598,066 |
| Net assets without donor restrictions | $93,272,397 |
| Net assets with donor restrictions | $1,554,766 |
| 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 | $96,425,229 |
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 |
ISABAHLIA LADIES OF ELEGANCE PURPOSE: Stipends to Chefs and Students | $8,640 |