Boston Farms Community Land Trust Inc
- Assets
- $236.2k
- Revenue
- $375.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Roxbury, MA
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-2328676
Organization Overview
Boston Farms Community Land Trust Inc is located in Roxbury, MA. The organization was established in 2019. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Boston Farms Community Land Trust Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Farms Community Land Trust 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, Boston Farms Community Land Trust Inc generated $375.0k in total revenue. All expenses for the organization totaled $419.2k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGING IN THE ECONOMIC DEVELOPMENT OF URBAN AREAS AND TO CREATE ECONOMIC OPPORTUNITIES FOR UNDERPRIVILEGED, UNDERSERVED,OR LOW INCOME RESIDENTS, THE CORPORATION SHALL ENGAGE IN THE DEVELOPMENT AND STEWARDSHIP OF LAND FOR URBAN FARMING AND AROUND URBAN CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAN ACQUISITION AND FARM DEVELOPMENT - OUR LAND ACQUISITION & FARM DEVELOPMENT PROGRAM TURNS LAND INTO THRIVING FARMS. DURING 2022 CALENDAR YEAR WE STARTED THE DEVELOPMENT OF 1 PROPERTY AND COMPLETED INITIAL ACQUISITION ASSESSMENTS AND DUE DILIGENCE OF 10 POTENTIAL FARMSITES.
PROPERTY MAINTENANCE - OUR LAND STEWARDSHIP & FARMER SUPPORT PROGRAM ASSISTS FARMERS IN THE MAINTENANCE, HEALTH, AND STEWARDSHIP OF EACH FARMSITE. THE PROGRAM STEWARDS A COMMUNITY-LED FARMER SELECTION PROCESS FOR NEWLY DEVELOPED PROPERTIES, PROVIDES MEMBERS WITH BUSINESS SUPPORT AND AGRICULTURAL TECHNICAL ASSISTANCE. DURING THE 2022 CALENDAR YEAR WE MAINTAINED 4 FARMSITES, SERVED 1 NONPROFIT ORGANIZATION, 1 FARM BUSINESS, AND 8 FARMERS, AND 6 FARM INTERNS. OUR RESOURCES ARE MADE AVAILABLE TO OVER 120 GARDENERS AND FARMERS IN THE BOSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Gary Clerk | Officer | 1 | $89,071 |
Dave Madan President | OfficerTrustee | 1 | $0 |
Liana Poston Vice President | OfficerTrustee | 2 | $0 |
Vidhee Garg Treasurer | OfficerTrustee | 1 | $0 |
Ashe Brooks - Cook Director | OfficerTrustee | 2 | $0 |
Arvind P Kumar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,248 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,000 |
| Net Income from Fundraising Events | $47,554 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,952 |
| 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. | $89,071 |
| Compensation of current officers, directors, key employees. | $13,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,719 |
| Payroll taxes | $63,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124 |
| 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 | $27,172 |
| Advertising and promotion | $3,187 |
| Office expenses | $8,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,412 |
| Travel | $1,245 |
| 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 | $973 |
| All other expenses | $0 |
| Total functional expenses | $419,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,402 |
| 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 | $51,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $236,203 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $236,203 |
| 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 | $236,203 |