Lundale Farm Inc
- Assets
- $7.7m
- Revenue
- $866.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Kimberton, PA
- Founding
- 12/2010
- Data as of
- 06/2021
- EIN
- 27-3065409
Organization Overview
Lundale Farm Inc is located in Kimberton, PA. The organization was established in 2010. 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. Lundale Farm 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 06/2021, Lundale Farm Inc generated $866.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $273.0k during the year ending 06/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ORGANIZATIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE TO SUPPORT AND ESTABLISH FARMING OPERATIONS ON DONATED FARMLAND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Gauker Executive Di | 40 | $84,725 | |
Vincent Pompo President | 10 | $0 | |
Jeannine Stuart Vice Preside | 8 | $0 | |
Ed Latshaw Member | 5 | $0 | |
Pamela Hicks Treasurer | 8 | $0 | |
Jeff Gorham Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $585,045 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,884 |
| Capital Gain Net Income | $195,441 |
| Net ST Capital Gain | $2,977 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57,684 |
| Total Revenue | $866,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,725 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,763 |
| Interest | $0 |
| Taxes | $27,714 |
| Depreciation | $60,405 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,822 |
| Other expenses | $54,466 |
| Total operating and administrative expenses | $272,995 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $272,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,330 |
| Savings and temporary cash investments | $229,932 |
| Net Accounts receivable | $10,410 |
| 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 | $544,554 |
| Net Land, buildings, and equipment | $5,227,319 |
| Other assets | $0 |
| Total assets | $7,671,849 |
| 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 | $1,751 |
| Total liabilities | $1,751 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lundale Farm Inc has recieved totaling $19,700.
| Awarding Organization | Amount |
|---|---|
Chester County Community Foundation Inc West Chester, PA PURPOSE: ENVIRONMENT & ANIMALS | $15,000 |
Eleanore Bennett Charitable Tr No 1 Conshohocken, PA PURPOSE: ENTITY SUPPORT | $2,500 |
Marshall Fund Earlysville, VA PURPOSE: GENERAL PURPOSE DONEE | $2,000 |
Quaker City Chester Springs, PA PURPOSE: OPERATIONS FOR EXEMPT PURPOSE | $200 |
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 |