Pingree Farms Foundation
- Assets
- $64.5k
- Revenue
- $83.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4407639
Organization Overview
Pingree Farms Foundation is located in Troy, MI. The organization was established in 2014. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Pingree Farms 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, Pingree Farms Foundation generated $83.4k 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 (11.0%) each year. All expenses for the organization totaled $98.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. 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
PLANTED 15 ACRES OF COMMUNITY GARDENS WITH 10,000 VEGETABLE SEEDLINGS. COORDINATED 100+ VOLUNTEERS TO MAINTAIN AND HARVEST OVER 15,000 POUNDS OF PRODUCE FOR DISTRIBUTION WITH 4 DIFFERENT FOOD PANTRY PARTNERS.PINGREE FARMS UTILIZED THE MAHINDRA AGRISCIENCE LEARNING CENTER AS THE FOCAL POINT FOR COORDINATION AND DISTRIBUTION OF PRODUCE TO THE LOCAL PANTRIES.MAINTAINED HERD OF GOATS, SHEEP, CATTLE AND POULTRY FLOCK FOR EDUCATIONAL USE BY THE PINGREE FARMS 4H CLUB AND METRO DETROIT AREA SCHOOLS AND YOUTH.MAINTAINED LEADERSHIP AND EDUCATIONAL PROGRAMMING INFRASTRUCTURE FOR ARCHERY, ANIMAL SCIENCE, BEEKEEPING, VITACULTURE AND GARDENING CURRICULUM FOR USE BY PINGREE FARMS 4H CLUB AND METRO DETROIT AREA SCHOOLS AND YOUTH.SPONSORED 15 STUDENTS TO ATTEND WAYNE COUNTY FAIR IN AUGUST 2022 WITH GREAT SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Green President | 5 | $0 | |
Juana Woodson Secretary | 2 | $0 | |
Jill Koster Treasurer | 2 | $0 | |
Leamon Sowell Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $81,277 |
| Interest on Savings | $0 |
| 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 | $0 |
| Other Income | $2,172 |
| Total Revenue | $83,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $147 |
| Taxes | $0 |
| Depreciation | $4,828 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,414 |
| Total operating and administrative expenses | $98,380 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $98,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,312 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $17,808 |
| Other assets | $4,387 |
| Total assets | $64,507 |
| 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 | $0 |
| Other liabilities | $21,592 |
| Total liabilities | $21,592 |