Walnut Acres Foundation Inc
- Assets
- $354.3k
- Revenue
- $48.8k
- Investments
- $9.2k
- Employees
- 0
- Location
- Middleburg, PA
- Founding
- 08/1961
- Data as of
- 11/2023
- EIN
- 23-6298390
Organization Overview
Walnut Acres Foundation Inc is located in Middleburg, PA. The organization was established in 1961. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Walnut Acres Foundation 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 11/2023, Walnut Acres Foundation Inc generated $48.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $26.0k during the year ending 11/2023. While expenses have increased by 2.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
4.84-ACRE WORKING ORGANIC FIELD LOCATED IN RURAL CENTRAL PENNSYLVANIA IN PENNS CREEK, CENTER TOWNSHIP, SNYDER COUNTY, THAT ALLOWS VISITORS TO SEE ORGANIC CROP PRODUCTION FIRSTHAND. THE REMAINING 12 ACRES OF THE PROPERTY PROVIDE VISITOR WALKING TRAILS, A PICNIC GROVE THAT IS BEING REFURBISHED AND RESTORED FOR RECREATION AND TO ALLOW VISITORS ACCESS TO NATURE, AND BUILDINGS THAT CONTAIN FARM IMPLEMENTS, ARTIFACTS AND ARCHIVES FROM THE ORIGINAL ORGANIC FARM, WALNUT ACRES, AND ITS FOUNDERS' PERSONAL PAPERS, CHALET, COMPANY STORE, ETC. PAUL AND BETTY KEENE BEGAN OPERATING THEIR ORGANIC FARM IN 1946 AND NAMED IT WALNUT ACRES. THE ORGANIC FARM CONTINUED FOR ALMOST 60 YEARS. THE ORGANIZATION HAS NAMED THIS PROJECT THE KEENE CENTER AT WALNUT ACRES TO PAY TRIBUTE TO PAUL AND BETTY KEENE AND THEIR COMMITMENT TO NATURAL SYSTEMS, HEALTHY LIVING AND GIVING BACK. THE CURRENT WEBSITE FOR THIS PROJECT IS WALNUTACRESPROJECT.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth K Anderson President | 10 | $0 | |
Thomas C Clark Vice President | 0.5 | $0 | |
William Payn Secretary/treasurer | 1 | $0 | |
Chris Anderson Director | 2 | $0 | |
Hillary Marrota Director | 0.25 | $0 | |
Farida Zaid Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,875 |
| Interest on Savings | $0 |
| Dividends & Interest | $197 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,389 |
| Capital Gain Net Income | $1,389 |
| Net ST Capital Gain | $14 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,333 |
| Total Revenue | $48,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,630 |
| Depreciation | $5,974 |
| Occupancy | $1,484 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,492 |
| Total operating and administrative expenses | $25,985 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $25,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,239 |
| Savings and temporary cash investments | $133 |
| Net Accounts receivable | $625 |
| 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 | $9,154 |
| Net Land, buildings, and equipment | $313,197 |
| Other assets | $0 |
| Total assets | $354,348 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Walnut Acres Foundation Inc has awarded $1,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER TOWNSHIP BOARD OF SUPERVISORS PURPOSE: PROVIDE FUNDS FOR THE KEENE COMMUNITY PARK IN CENTER TOWNSHIP PENNSYLVANIA | $250 |
CENTRAL PENNSYLVANIA FOOD BANK PURPOSE: PROVIDE FOOD TO THOSE IN NEED IN 27 COUNTIES OF PENNSYLVANIA | $250 |
EASTERN UNION COUNTY SUPPLEMENTAL FOOD PROGRAM PURPOSE: PROVIDE FOOD FOR THOSE IN NEED | $250 |
EVANGELICAL COMMUNITY HOSPITAL PURPOSE: PROVIDE FUNDS FOR THE HOSPITAL'S PATIENT EXPERIENCE PROGRAM | $250 |
PENNS CREEK VOLUNTEER FIRE CO PURPOSE: PROVIDE FUNDS TO LOCAL VOLUNTEER FIRE COMPANY EXEMPT UNDER SECTION 501(C)(4) FOR FIREFIGHTING EQUIPMENT AND EMERGENCY SERVICES SUPPLIES | $250 |
SUNCOM INDUSTRIES INC PURPOSE: PROVIDE HELP TO PEOPLE WITH DISABILITIES REACH THEIR HIGHEST POTENTIAL | $250 |