George W & Dacie Clements Agricultural Research Institute Im
- Assets
- $323.2k
- Revenue
- $6.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NY
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 16-1557571
Organization Overview
George W & Dacie Clements Agricultural Research Institute Im is located in Morristown, NY. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George W & Dacie Clements Agricultural Research Institute Im 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, George W & Dacie Clements Agricultural Research Institute Im generated $6.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $35.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 5 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AGRICULTURAL RESEARCH FARM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahlon T Clements President | 5 | $0 | |
Elizabeth Clements Director | 1 | $0 | |
Thomas Gramuglia Treasurer | 1 | $0 | |
James Putman Director | 1 | $0 | |
Stephen Teele Director | 1 | $0 | |
Jim Monroe Vice President/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | -$3,336 |
| Net Gain on Sale of Assets | -$444 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $7,241 |
| Other Income | $0 |
| Total Revenue | $6,804 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $500 |
| Taxes | $0 |
| Depreciation | $19,053 |
| Occupancy | $3,636 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,056 |
| Total operating and administrative expenses | $35,245 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $35,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $322,912 |
| Other assets | $0 |
| Total assets | $323,245 |
| 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 | $175,000 |
| Other liabilities | $649,089 |
| Total liabilities | $824,089 |