Future Harvest Inc
- Assets
- $1.2m
- Revenue
- $525.9k
- Investments
- $30.7k
- Employees
- 11
- Location
- Cockeysville, MD
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 52-2132982
Organization Overview
Future Harvest Inc is located in Cockeysville, MD. The organization was established in 1999. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Future Harvest Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Harvest 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, Future Harvest Inc generated $525.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $925.7k during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 8 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
WORKING TO ADVANCE AGRICULTURE THAT SUSTAINS THE CHESAPEAKE REGION'S FARMERS, COMMUNITIES, AND ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION, NETWORKING, AND ADVOCACY TO HELP BUILD A SUSTAINABLE CHESAPEAKE FOODSHED, WHERE FOOD FLOWS FROM FARM AND FISHERY TO TABLE IN WAYS THAT STRENGTHEN FARMING AND THE REGIONAL FOOD ECONOMY; PROTECT OUR LAND, WATER, AND AIR; AND PROVIDE HEALTHY, NUTRITIOUS FOOD THAT SUSTAINS THE REGIONS COMMUNITIES AND CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Jones President | OfficerTrustee | 2 | $0 |
Thomas Croghan Vice President | OfficerTrustee | 2 | $0 |
Mariette Hiu Newcomb Secretary | OfficerTrustee | 2 | $0 |
Tope Fajingbesi Member | Trustee | 2 | $0 |
Nathan Bergdoll Member | Trustee | 2 | $0 |
Edwin Remsberg Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,695 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $326,936 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,745 |
| Noncash contributions included in lines 1a–1f | $7,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,376 |
| Total Program Service Revenue | $65,436 |
| Investment income | $579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,523 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $525,914 |
| 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. | $70,550 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,048 |
| Payroll taxes | $34,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,226 |
| Fees for services: Accounting | $31,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,460 |
| Advertising and promotion | $0 |
| Office expenses | $9,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,757 |
| Travel | $10,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $559 |
| Insurance | $3,990 |
| All other expenses | $17,743 |
| Total functional expenses | $925,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,298 |
| Savings and temporary cash investments | $705,086 |
| Pledges and grants receivable | $58,803 |
| 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 | $93,263 |
| Net Land, buildings, and equipment | $5,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,693 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,177,052 |
| Accounts payable and accrued expenses | $43,373 |
| Grants payable | $0 |
| Deferred revenue | $52,937 |
| 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 | $0 |
| Total liabilities | $96,310 |
| Net assets without donor restrictions | $273,884 |
| Net assets with donor restrictions | $806,858 |
| 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 | $1,177,052 |