Law-Reed-Huss Farm Foundation
- Assets
- $883.9k
- Revenue
- $42.2k
- Investments
- $451.2k
- Employees
- 0
- Location
- Wayland, MA
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 34-1941030
Organization Overview
Law-Reed-Huss Farm Foundation is located in Wayland, MA. The organization was established in 2001. 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. Law-Reed-Huss 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, Law-Reed-Huss Farm Foundation generated $42.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $91.8k during the year ending 12/2021. While expenses have increased by 13.8% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF FARM EDUCATION AND PRESERVE HISTORICALLY APPROPRIATE FARM PROPERTIES FOR THE ENJOYMENT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad L Hillyer Trustee | 1 | $0 | |
William R Huss Executive Director | 4 | $0 | |
Dorothy V Huss Trustee | 1 | $0 | |
Mitch Edie Trustee | 1 | $0 | |
Wendy Zucal Trustee | 1 | $0 | |
Elena Allman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $14,088 |
| Net Rental Income | -$20,134 |
| Net Gain on Sale of Assets | $10,132 |
| Capital Gain Net Income | $10,132 |
| Net ST Capital Gain | $10,132 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,756 |
| Total Revenue | $42,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,206 |
| Depreciation | $39,665 |
| Occupancy | $22,080 |
| Travel, conferences, and meetings | $2,870 |
| Printing and publications | $0 |
| Other expenses | $12,253 |
| Total operating and administrative expenses | $84,270 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $91,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,987 |
| Savings and temporary cash investments | $45,375 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $377,399 |
| Other assets | $0 |
| Total assets | $883,935 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Involved In Sustaining Agriculture Inc South Deerfield, MA | $2,639,195 | $1,830,925 |
Grow Food Northampton Inc Florence, MA | $1,237,704 | $748,534 |
Connecticut Farmland Trust Inc Hartford, CT | $2,034,432 | $539,085 |
Agrarian Land Trust Weare, NH | $3,433,312 | $2,915,590 |
Lexington Community Farm Coalition Inc Lexington, MA | $377,625 | $608,889 |
Upper Saco Valley Land Trust Conway, NH | $6,345,238 | $1,759,779 |
Brookwood Community Farm Inc Canton, MA | $464,448 | $440,626 |
Friends Of Lachat Inc Weston, CT | $289,704 | $394,378 |
Newton Community Farm Inc Newton, MA | $644,347 | $367,259 |
Ramblin Vewe Farm Tr Laconia, NH | $1,799,750 | $217,895 |
Wellfleet Shellfishermens Association Wellfleet, MA | $11,884 | $0 |
Concord Grape Belt Heritage Association Inc Westfield, NY | $1,046,185 | $80,809 |