The Livestock Institute Of Southern New England
- Assets
- $6.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 58
- Location
- Westport, MA
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 46-5691864
Organization Overview
The Livestock Institute Of Southern New England is located in Westport, MA. The organization was established in 2016. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Livestock Institute Of Southern New England employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livestock Institute Of Southern New England 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, Livestock Institute Of Southern New England generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.7% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 48.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
(A) TO PROVIDE EDUCATION AND TRAINING TO THE COMMUNITY IN SOUTHERN NEW ENGLANDREGARDING HUMANE AND SAFE ANIMAL SLAUGHTERING TECHNIQUES, PROCESSING OF MEAT, ANDRELATED MATTERS, INCLUDING VIA THE OPERATION OF A SLAUGHTERHOUSE INTENDED TO DEMONSTRATE SUCH TECHNIQUES.(B)TO PROVIDE RESOURCES AND INFORMATION TO THE COMMUNITY REGARDING ECONOMIC AND AGRICULTURAL DEVELOPMENT AND MANAGEMENT OF RESOURCES.(C) TO CONDUCT PROGRAMS, WORKSHOPS AND OTHER FORUMS FOR TEACHING.(D) TO PRODUCE PUBLICATIONS AND MATERIALS TO FURTHER THE PROGRAMS AND EDUCATIONALCONCEPTS DESCRIBED ABOVE; AND(E) TO ENGAGE IN ANY ACTIVITIES IN FURTHERANCE OF THE FOREGOING PERMISSIBLE TO A CORPORATION FORMED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS ANDDESCRIBED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL COMMUNICATIONS ABOUT THE LIVESTOCK INDUSTRY ANDPLANNING FOR THE DESIGN AND CONSTRUCTION OF THE SLAUGHTERHOUSEFACILITY AND INFRASTRUCTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Cogswell Program & Executive Director | 40 | $49,158 | |
Barry A Gross Clerk | OfficerTrustee | 0 | $5,275 |
Andrew P Burnes President | OfficerTrustee | 0 | $0 |
Joyce Meader Director | Trustee | 0 | $0 |
Andrew Wainer Director | Trustee | 0 | $0 |
Richard Kane Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,794 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,399 |
| Total Program Service Revenue | $2,232,640 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,758,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $54,433 |
| Compensation of current officers, directors, key employees. | $54,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,857 |
| Payroll taxes | $113,991 |
| Fees for services: Management | $17,500 |
| Fees for services: Legal | $1,558 |
| 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 | $8,426 |
| Office expenses | $8,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $380,364 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,067 |
| Interest | $183,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,378 |
| Insurance | $176,872 |
| All other expenses | $53,526 |
| Total functional expenses | $2,893,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,521 |
| 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 | $37,390 |
| Net Land, buildings, and equipment | $6,494,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,827 |
| Other assets | $0 |
| Total assets | $6,664,422 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,310,994 |
| Secured mortgages and notes payable | $5,919,001 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,726 |
| Total liabilities | $7,256,721 |
| Net assets without donor restrictions | -$592,299 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,664,422 |