Hazel Farm Property Found Inc
- Assets
- $3.9m
- Revenue
- $353.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-1330518
Organization Overview
Hazel Farm Property Found Inc is located in Salisbury, MD. The organization was established in 2006. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Hazel Farm Property Found 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 12/2022, Hazel Farm Property Found Inc generated $353.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $191.7k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROPERTY IS AVAILABLE AT NO COST FOR USE BY COMMUNITY GROUPS TO PROMOTE EDUCATION AND CONSERVATION WITH OUTDOOR ACTIVITIES - SPORTS, SWIMMING, NATURE TRAILS HIKING, ETC. THE EXPENSES OF THE FOUNDATION ARE TO MAINTAIN AND IMPROVE THE PROPERTY TO KEEP IT AVAILABLE TO THE COMMUNITY. THE LARGEST SPONSORED PROGRAM IS THE NATIONAL GET OUTDOORS DAY.
THE FOUNDATION OFFERS ITS FACILITIES TO TEACHERS AND SCHOOLS FOR FIELD TRIPS AND OUTDOOR CLASSROOMS.
BOY SCOUT TROOPS HELD CAMP OUTS AND GIRL SCOUT TROOPS HELD CAMP OUTINGS
OTHER ACTIVITIES INCLUDED USE BY CHILDREN WITH THE FAMILY YOUTH CENTER AND KIDS OF HONOR. THERE IS ALSO A "LOOP" FOR CYCLISTS THAT RUNS THROUGH THE PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph J Pearce Treasurer | 0 | $0 | |
Colleen Hazel Director | 0 | $0 | |
Morgan Hazel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143 |
| Dividends & Interest | $103,452 |
| Net Rental Income | $2,681 |
| Net Gain on Sale of Assets | $245,079 |
| Capital Gain Net Income | $31,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $353,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,953 |
| Pension plans, employee benefits | $18,317 |
| Interest | $0 |
| Taxes | $2,984 |
| Depreciation | $0 |
| Occupancy | $70,481 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,661 |
| Total operating and administrative expenses | $186,168 |
| Contributions, gifts, grants paid | $5,500 |
| Total expenses and disbursements | $191,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,235 |
| Savings and temporary cash investments | $164,341 |
| 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 | $2,979,429 |
| Net Land, buildings, and equipment | $770,635 |
| Other assets | $0 |
| Total assets | $3,918,640 |
| 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 | $0 |
| Other liabilities | $8,188 |
| Total liabilities | $8,188 |
Grants Awarded
Over the last fiscal year, Hazel Farm Property Found Inc has awarded $5,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DEL-MAR-VA COUNCIL HOME PURPOSE: UNRESTRICTED | $3,500 |
YMCA PURPOSE: GENERAL SUPPORT | $1,000 |
IT TAKES A VILLAGE PURPOSE: GENERAL SUPPORT | $500 |
Allen, MD PURPOSE: GENERAL SUPPORT | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hazel Farm Property Found Inc has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Eastern Shore Inc Salisbury, MD PURPOSE: CONSERVATION & HISTORICAL PRESERVATION | $19,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Satell Institute King Of Prussia, PA | $13,359,727 | $1,126,245 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jack Miller Center For Teaching Americas Founding Principles And Bala Cynwyd, PA | $14,689,077 | $1,577,352 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Artyard Erwinna, PA | $77,186,190 | $24,985,342 |