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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Audy M Perry Jr Trustee | 40 | $24,000 | |
Laura Perry Farm Manager | 40 | $22,609 |
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 |