Open Agriculture Foundation
- Assets
- $649.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Marblehead, MA
- Founding
- 05/2018
- Data as of
- 12/2019
- EIN
- 81-1516540
Organization Overview
Open Agriculture Foundation is located in Marblehead, MA. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Open Agriculture Foundation employed 5 individuals. Open Agriculture 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 12/2019, Open Agriculture Foundation generated $1.1m in total revenue. All expenses for the organization totaled $464.3k during the year ending 12/2019. While expenses have increased by 47.3% per year over the past 3 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE PUBLIC ABOUT A NEW AGRICULTURAL TECHNOLOGY DEVELOPED AT THE MIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & OUTREACH:THE FOUNDATION PLANS TO EDUCATE THE PUBLIC ABOUT OPEN AGRICULTURE-WHY IT IS IMPORTANT, WHAT IS ALREADY BEING DONE, WHAT ITS FUTURE PROSPECTS ARE, AND HOW TO DO IT-THROUGH A COMBINATION OF ONLINE EDUCATIONAL MATERIALS, DISCUSSION GROUPS, LOCAL OPEN AGRICULTURE CHAPTERS, AND IN-SCHOOL EDUCATION PROGRAMS.BY SHARING NEW DEVELOPMENTS IN THE FIELD OF OPEN AGRICULTURE, ENCOURAGING INDIVIDUAL OPEN AGRICULTURALISTS TO INCLUDE THEIR DATA IN ITS GENERAL REPOSITORY, AND MAKING THAT DATA AVAILABLE TO THE PUBLIC FOR FURTHER STUDY AND ANALYSIS, THE FOUNDATION ADVANCES SCIENCE AND EDUCATION.- WEBSITE/FORUM/CONFERENCES: THE FOUNDATION WILL HOST AN EDUCATIONAL WEBSITE, WHICH WILL MAKE AVAILABLE GENERAL INFORMATION ABOUT OPEN AGRICULTURE, AS WELL AS A DISCUSSION FORUM WHERE PEOPLE CAN ASK CONCRETE QUESTIONS AND LEARN MORE. THE FOUNDATION WILL ALSO HOST PERIODIC CONFERENCES OR SEMINARS ONLINE OR IN PERSON TO BRING TOGETHER THOSE WORKING IN THE FIELD TO LEARN ABOUT THE OPPORTUNITIES, CHALLENGES, AND DEVELOPMENTS IN THE FIELD OF OPEN AGRICULTURE. CONFERENCES AND SEMINARS WILL BE OPEN TO ANYONE, PERHAPS SUBJECT TO THE PAYMENT OF A REASONABLE REGISTRATION FEE.
CHEMO TYPING
PERIWINKLE PROJECT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Harper President/treasurer/secretary | OfficerTrustee | 5 | $0 |
Jill Shah Director | Trustee | 1 | $0 |
Howard Shapiro Director | Trustee | 1 | $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 | $1,100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,000 |
| Total Program Service Revenue | $0 |
| Investment income | $241 |
| 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 | $1,100,241 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,172 |
| Payroll taxes | $18,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,246 |
| Fees for services: Accounting | $20,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,406 |
| Advertising and promotion | $1,395 |
| Office expenses | $4,396 |
| Information technology | $6,410 |
| Royalties | $0 |
| Occupancy | $2,250 |
| Travel | $12,197 |
| 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 | $144 |
| Insurance | $1,046 |
| All other expenses | $0 |
| Total functional expenses | $464,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554 |
| Savings and temporary cash investments | $643,248 |
| 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 | $1,153 |
| Net Land, buildings, and equipment | $2,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,524 |
| Total assets | $648,950 |
| Accounts payable and accrued expenses | $7,313 |
| 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 | $0 |
| Total liabilities | $7,313 |
| Net assets without donor restrictions | $466,618 |
| Net assets with donor restrictions | $175,019 |
| 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 | $648,950 |