Hudson Farm Foundation Inc
- Assets
- $849.3k
- Revenue
- $834.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Andover, NJ
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3099263
Organization Overview
Hudson Farm Foundation Inc is located in Andover, NJ. The organization was established in 2014. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., 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. Hudson Farm Foundation 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, Hudson Farm Foundation Inc generated $834.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hudson Farm Foundation Inc has awarded 121 individual grants totaling $5,923,638. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AND PROMOTE COMMUNITY-WIDE ACTIVITIES IN THE AREAS OF SCIENCE,CULTURE AND THE ARTS,HOSPITALS, EDUCATION AND CIVIC ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO AID DONEES IN THEIR CHARITABLE, CIVIC AND SCEINTIFIC FUNCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter R Kellogg Director | Trustee | 0 | $0 |
Charles K Kellogg President | Trustee | 0 | $0 |
Lee Kellogg Sadrian Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $819,769 |
| Noncash contributions included in lines 1a–1f | $6,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,769 |
| Total Program Service Revenue | $0 |
| Investment income | $17,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,039,756 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $220 |
| Total functional expenses | $1,041,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $620,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,464 |
| Total assets | $849,348 |
| Accounts payable and accrued expenses | $218,881 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $223,881 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,685,018 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,059,551 |
| Total liabilities and net assets/fund balances | $849,348 |
Grants Awarded
Over the last fiscal year, Hudson Farm Foundation Inc has awarded $1,039,756 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
DELBARTON SCHOOL PURPOSE: TO ASSIST THE ORGANIZATION WITH ITS EDUCATIONAL 501(c)3 FUNCTION | $15,000 |
BIRTH HAVEN PURPOSE: TO ASSIST THE ORGANIZATION WITH ITS 501c3 FUNCTION. | $37,250 |
INSPIRE SPORT CAMPS PURPOSE: TO ASSIST THE ORGANIZATION WITH ITS 501(c)3 FUNCTION | $15,000 |
HOPATCONG LITTLE LEAGUE PURPOSE: TO ASSIST THE ORGANIZATION WITH ITS CIVIC FUNCTION | $17,000 |
SCARC FOUNDATION PURPOSE: TO ASSIST THE ORGANIZATION WITH ITS 501(c)3 FUNCTION | $20,000 |
PROJECT SELF-SUFFICIENCY PURPOSE: TO ASSIST THE ORGANIZATION WITH ITS 501(c)3 FUNCTION | $25,000 |