New Harvest Inc
- Assets
- $6.3m
- Revenue
- $2.5m
- Investments
- $4.5m
- Employees
- 8
- Location
- Cambridge, MA
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-1425438
Organization Overview
New Harvest Inc is located in Cambridge, MA. The organization was established in 2005. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, New Harvest Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Harvest 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 12/2021, New Harvest Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New Harvest Inc has awarded 23 individual grants totaling $1,413,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EDUCATION & SCIENTIFIC RESEARCH THAT ADVANCE TECHNOLOGIES THAT MAKE ANIMAL PRODUCTS (MEAT, EGGS, MILK, ETC.) WITHOUT THE ANIMALS IN ORDER TO REDUCE ANIMAL SUFFERING, IMPROVE HUMAN HEALTH, & PROTECT THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HARVEST AIMS TO MAXIMIZE THE POSITIVE IMPACT OF CELLULAR AGRICULTURE. OUR PROGRAMMING IMPACT OBJECTIVES ARE: 1)EMPOWERING EMERGING LEADERS: TRAINING AND SUPPORTING INDIVIDUALS TOWARDS FIELD-LEVEL LEADERSHIP ROLES THAT FORTIFY AND ADVANCE CELLULAR AGRICULTURE; 2)MOBILIZING THE ECOSYSTEM: CREATING PRODUCTIVE VENUES TO CONVENE CELLULAR AGRICULTURE STAKEHOLDERS AROUND KEY NEGLECTED TOPICS; AND 3) COLLECTIVE VALUE CREATION: CO-CREATING RESOURCES, KNOWLEDGE, AND TOOLS THAT HAVE COLLECTIVE VALUE FOR THE CELLULAR AGRICULTURE ECOSYSTEM AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Paige Wilcoxson Secretary | OfficerTrustee | 40 | $140,000 |
Isha Datar President | OfficerTrustee | 20 | $0 |
Scott Banister Board Member | Trustee | 1 | $0 |
Vincent Sewalt Board Member | Trustee | 1 | $0 |
Andras Forgacs Board Member | Trustee | 1 | $0 |
John Pattison Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,343,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,509,214 |
| Total Program Service Revenue | $250 |
| Investment income | $524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,509,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $564,956 |
| Grants and other assistance to domestic individuals. | $67,648 |
| Grants and other assistance to Foreign Orgs/Individuals | $359,949 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,000 |
| Compensation of current officers, directors, key employees. | $32,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $92,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,873 |
| Travel | $3,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,701 |
| All other expenses | $9,194 |
| Total functional expenses | $2,179,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,735,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,547,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $468 |
| Total assets | $6,304,936 |
| Accounts payable and accrued expenses | $15,094 |
| 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 | $15,094 |
| Net assets without donor restrictions | $6,289,842 |
| Net assets with donor restrictions | $0 |
| 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 | $6,304,936 |
Grants Awarded
Over the last fiscal year, New Harvest Inc has awarded $549,956 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF TUFTS COLLEGE PURPOSE: Fellowship | $139,669 |
UNIVERSITY OF CALIFORNIA PURPOSE: Fellowship | $108,520 |
Worcester, MA PURPOSE: Fellowship | $90,928 |
Los Angeles, CA PURPOSE: Fellowship | $58,448 |
STATE TREASURER OF NEBRASKA PURPOSE: Fellowship | $58,058 |
TEXAS TECH UNIVERSITY PURPOSE: Fellowship | $39,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that New Harvest Inc has recieved totaling $264,956.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $120,000 |
Animal Charity Evaluators Walnut, CA PURPOSE: RECOMMENDED CHARITY;SUPPORT MISSION | $97,217 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,867 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $12,022 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $11,850 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |
Community Health Action Of Staten Island Inc Staten Island, NY | $10,310,732 | $11,148,216 |
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
New Square Community Improvement Council Inc New Square, NY | $7,666,025 | $8,815,852 |
Kings Bay Ym-Ywha Inc Brooklyn, NY | $12,626,720 | $11,475,108 |