Matthew 25 Farm Inc
- Assets
- $245.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Tully, NY
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 38-3893114
Organization Overview
Matthew 25 Farm Inc is located in Tully, NY. The organization was established in 2013. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Matthew 25 Farm Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew 25 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 12/2021, Matthew 25 Farm Inc generated $154.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $120.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE FARM IS TO PROVIDE FREE FRESH PRODUCE TO THOSE WITHIN CENTRAL NEW YORK WHO ARE UNABLE TO PROVIDE FOR THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Gates Chairman | 15 | $0 | |
Jody Morgan Vice Chairman | 1 | $0 | |
Valerie Rarick Treasurer | 4 | $0 | |
John Sullivan Trustee | 10 | $0 | |
Michael Beney Trustee | 10 | $0 | |
Mike Duvall Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,886 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $9,100 |
| Net Income from Gaming & Fundraising | $20,792 |
| Other Revenue | $0 |
| Total Revenue | $154,792 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,841 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,336 |
| Printing, publications, postage, and shipping | $115 |
| Other expenses | $56,777 |
| Total expenses | $120,069 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,108 |
| Other assets | $0 |
| Total assets | $245,256 |
| Total liabilities | $117,089 |
| Net assets or fund balances | $128,167 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Matthew 25 Farm Inc has recieved totaling $1,615.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Community Services Inc Jamaica, NY | $16,204,658 | $61,833,370 |
Table To Table Inc Hasbrouck Heights, NJ | $8,623,118 | $52,420,160 |
Foodlink Inc Rochester, NY | $12,495,538 | $50,797,539 |
Rethink Food Nyc Inc New York, NY | $24,716,191 | $29,334,574 |
412 Food Rescue Inc Pittsburgh, PA | $6,363,221 | $17,851,896 |
Project Bread - The Walk For Hunger Inc East Boston, MA | $11,948,413 | $15,098,686 |
Tomche Shabbos Of Rockland County Monsey, NY | $3,190,088 | $8,439,711 |
Interfaith Nutrition Network Hempstead, NY | $10,559,882 | $10,681,917 |
Move For Hunger Inc Neptune, NJ | $1,899,350 | $7,237,054 |
St Johns Bread & Life Program Inc Brooklyn, NY | $8,308,596 | $7,077,565 |
T A S K Trenton, NJ | $14,881,769 | $6,763,613 |
Boston Area Gleaners Inc Acton, MA | $5,396,284 | $7,361,756 |