Heritage Farm Foundation
- Assets
- $5.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 11/2006
- Data as of
- 12/2021
- 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 12/2021, Heritage Farm Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
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 | $331,580 |
| Interest on Savings | $101 |
| 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 | $20,757 |
| Other Income | $785,791 |
| Total Revenue | $1,138,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,080 |
| Other employee salaries and wages | $586,057 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74,357 |
| Depreciation | $193,905 |
| Occupancy | $66,227 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $522,526 |
| Total operating and administrative expenses | $1,489,100 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,489,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,327 |
| Savings and temporary cash investments | $1,614,074 |
| 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 | $15,702 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,796,291 |
| Other assets | $0 |
| Total assets | $5,433,394 |
| 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 | $3,381,610 |
| Other liabilities | $49,355 |
| Total liabilities | $3,430,965 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Heritage Farm Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Huntington Foundation Inc Huntington, WV PURPOSE: FORESTRENEWAL | $25,000 |
Foundation For The Tri-State Community Inc Ashland, KY | | $10,000 |
Gary G And Jo Ann White Family Charitable Foundation Logan, WV PURPOSE: FARM MUSEUMOPERATINGSUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |