Heritage Farm Foundation
- Assets
- $4.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 42-1688687
Organization Overview
Heritage Farm Foundation is located in Huntington, WV. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage 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 12/2022, Heritage Farm Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
100% OF HERITAGE FARM FOUNDATION'S EXPENSES WERE FOR THE OPERATION, EXPANSION, MAINTENANCE AND PRESERVATION OF THE HERITAGE FARM MUSEUM AND VILLAGE IN HUNTINGTON, WV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audy M Perry Jr Trustee | 40 | $24,000 | |
Laura Perry Farm Manager | 40 | $22,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $766,797 |
| Interest on Savings | $140 |
| 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 | $31,364 |
| Other Income | $387,546 |
| Total Revenue | $1,185,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,770 |
| Other employee salaries and wages | $668,012 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $98,836 |
| Depreciation | $243,129 |
| Occupancy | $89,024 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $631,449 |
| Total operating and administrative expenses | $1,777,578 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,777,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,447 |
| Savings and temporary cash investments | $563,537 |
| 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 | $16,413 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,978,135 |
| Other assets | $0 |
| Total assets | $4,672,532 |
| Accounts payable and accrued expenses | $264 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,148,186 |
| Other liabilities | $91,384 |
| Total liabilities | $3,239,834 |