Purpose Farm Inc
- Assets
- $353.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baldwinsville, NY
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-1446338
Organization Overview
Purpose Farm Inc is located in Baldwinsville, NY. The organization was established in 2014. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, 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. Purpose 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 12/2022, Purpose Farm Inc generated $138.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $160.3k during the year ending 12/2022. While expenses have increased by 19.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Seabrook President | 60 | $0 | |
Sue Stapleton Director | 15 | $0 | |
Ashley Massaro Secretary | 1 | $0 | |
Noah Seabrook Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,805 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,805 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $175 |
| Occupancy, rent, utilities, and maintenance | $7,072 |
| Printing, publications, postage, and shipping | $4,303 |
| Other expenses | $148,752 |
| Total expenses | $160,302 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $353,048 |
| Other assets | $0 |
| Total assets | $353,048 |
| Total liabilities | $0 |
| Net assets or fund balances | $353,048 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Purpose Farm Inc has recieved totaling $57,724.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; CAPITAL SUPPORT | $20,500 |
Rachael Ray Foundation New York, NY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $20,000 |
John Ben Snow Foundation Inc Manlius, NY PURPOSE: TEEN GIRLS MENTORING SESSIONS AND RISE UP PROJECT | $10,000 |
Rosamond Gifford Charitable Corporation Syracuse, NY PURPOSE: PUBLIC SUPPORT | $2,500 |
James B Russell Foundation Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $2,500 |
Richard S Shineman Foundation Oswego, NY PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Farm Workers Council Inc Springfield, MA | $22,599,263 | $91,357,434 |
National Young Farmers Coalition Hudson, NY | $5,615,134 | $7,809,830 |
Western New York Crop Management Association Cooperative Inc Warsaw, NY | $2,950,896 | $3,010,693 |
Adirondack North Country Association Inc Saranac Lake, NY | $462,447 | $1,437,257 |
Albany Schenectady Green County Agricultural & Historical Society Altamont, NY | $2,520,391 | $1,370,388 |
New York Corn And Soybean Growers Association Inc Silver Springs, NY | $557,476 | $1,195,521 |
Poughkeepsie Farm Project Poughkeepsie, NY | $881,222 | $1,235,646 |
Cobleskill Agricultural Society Cobleskill, NY | $938,679 | $955,201 |
Franklin County Agricultural Society Malone, NY | $1,121,552 | $1,234,895 |
Massachusetts Farm Bureau Federation Inc Marlborough, MA | $4,822,461 | $1,090,743 |
Codman Community Farms Inc Lincoln, MA | $3,498,724 | $1,249,610 |
Delaware Valley Agricultural Society Of Walton Walton, NY | $1,345,210 | $1,026,618 |