Sherborn Rural Land Foundation
- Assets
- $3.6m
- Revenue
- $110.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sherborn, MA
- Founding
- 01/1975
- Data as of
- 04/2024
- EIN
- 23-7424463
Organization Overview
Sherborn Rural Land Foundation is located in Sherborn, MA. The organization was established in 1975. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherborn Rural Land 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 04/2024, Sherborn Rural Land Foundation generated $110.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $208.7k during the year ending 04/2024. While expenses have increased by 24.9% 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION AND MAINTAINING OF LAND FOR CONSERVATION PURPOSES
CONTRIBUTED TO THE PURCHASE OF MILLBORN FARM IN SHERBORN, MASSACHUSETTS BY THE TRUSTEES OF RESERVATIONS, A NON-PROFIT DEDICATED TO THE PRESERVATION OF OPEN LAND, FARMLAND AND CULTURAL RELICS IN MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George F Fiske Jr President | 2 | $0 | |
Frank C Jenkins Treasurer | 2 | $0 | |
Dana G Pope Director | 1 | $0 | |
Margaret S Novak Clerk | 2 | $0 | |
Dennis Delaney Director | 1 | $0 | |
Steven N Violin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,565 |
| Interest on Savings | $6,793 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,428 |
| Total operating and administrative expenses | $8,685 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $208,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,350 |
| 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 | $3,436,198 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,556,548 |
| 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 |