Georgia Farm Foundation
- Assets
- $4.0m
- Revenue
- $451.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 23-6972599
Organization Overview
Georgia Farm Foundation is located in Philadelphia, PA. The organization was established in 1990. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Farm Foundation 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, Georgia Farm Foundation generated $451.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $111.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT NATURAL LANDS TRUST'S OPERATION OF ENVIROMENTAL FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT TO NATURAL LANDS TRUST INC. FOR EXPENSES IN OPERATING "GEORGIA FARM", A 340 ACRE SELF CONTAINED WATERSHED ON WHICH THE STROUD WATER RESEARCH CENTER CONDUCTS LONG-TERM RESEARCH PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bernard W Sweeney Trustee; Dir & Dist Res Scientist, Stroud Water | OfficerTrustee | 0 | $0 |
David Arscott President & Exec Dir, Stroud Water Res | OfficerTrustee | 1 | $0 |
Molly K Morrison Trustee & Retired Pres Of Nat Lands Tr | Trustee | 0 | $0 |
Morris Stroud Trustee | Trustee | 0 | $0 |
Samuel Wagner Trustee | Trustee | 0 | $0 |
William C Bullitt ESQ Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $96,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $355,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,556 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,219 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $111,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,020,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,035,822 |
| Accounts payable and accrued expenses | $0 |
| 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 | -$484 |
| Total liabilities | -$484 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,554,931 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,481,375 |
| Total liabilities and net assets/fund balances | $4,035,822 |
Endowment Analysis
| Beg. Balance | $3,698,165 |
| Earnings | $451,531 |
| Admin Expense | $38,096 |
| Other Expense | $73,556 |
| Ending Balance | $4,038,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lands At Hillside Farms Shavertown, PA | $11,516,435 | $4,464,384 |
Lundale Farm Inc Kimberton, PA | $7,671,849 | $866,449 |
Ohio Land Improvement Contractors Association Leipsic, OH | $247,937 | $0 |
Georgia Farm Foundation Philadelphia, PA | $4,035,822 | $451,531 |
Conrad Botzum Farmstead Akron, OH | $403,475 | $0 |
Concord Grape Belt Heritage Association Inc Westfield, NY | $1,046,185 | $80,809 |
Friends Of The Farm Northport Inc Northport, NY | $90,292 | $99,554 |
Whipple Heritage Conservation Foundation Inc Carmel, NY | $2,584,014 | $750 |
Philadelphia Society For Promoting Agriculture Malvern, PA | $464,975 | $0 |
Cecil County Farm Museum & Regional Agricultural Center Inc Elkton, MD | $474,212 | $0 |
Calvert Farmland Trust Inc Prince Frederick, MD | $1,074,249 | $1,721 |
Centre Township Land Protection Foundation Mohrsville, PA | $77,247 | $0 |