Osamequin Farm Inc
- Assets
- $117.6k
- Revenue
- $242.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Seekonk, MA
- Founding
- Data as of
- 12/2023
- EIN
- 82-5160103
Organization Overview
Osamequin Farm Inc is located in Seekonk, MA. 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 12/2023, Osamequin Farm Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osamequin Farm 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 12/2023, Osamequin Farm Inc generated $242.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $227.1k during the year ending 12/2023. While expenses have increased by 18.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FARM OFFERS FAVORABLE LAND LEASES TO YOUNG, BEGINNING OR MARGINALIZED FARMERS INCLUDING ACCESS TO SHARED INFRASTRUCTURE AND COOPERATIVE MARKETING. WE WORK TO FOSTER A WELCOMING SPACE FOR ALL PEOPLE REGARDLESS OF RACE, RELIGION OR CLASS WHILE RESPECTING THE LAND. SUSTAINABILITY IS OF UTMOST IMPORTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARMING AND CROP SALES. A FARM STAND ON SITE IS OPEN SPRING THROUGH FALL AND OFFERS PRODUCTS GROWN BY OFI AND BY THE LEASING RESIDENT FARMERS, INCLUDING CUT FLOWERS, BERRIES, VEGETABLES, HERBS, EGGS, AND PORK. CROPS GROWN ON THE FARM ARE ALSO SOLD THROUGH THIRD PARTY DELIVERY SERVICES AND THROUGH CSA PROGRAMS TO THE COMMUNITY. SOME OF THE PRODUCE GROWN IS DONATED VIA A LOCAL GLEANING PROGRAM.
COMMUNITY EVENTS IN 2023 INCLUDED TRAIL CLEARING, STORYTIMES FOR KIDS, PLEIN AIR PAINTING, NATURE ART WORKSHOPS, GUIDED HIKES, PLANT SALE, A YOUTH CAMPOUT, AND A FAMILY TOUR. MORE THAN 300 PARTICIPANTS WERE SERVED.
THE RESIDENT FARMERS PROGRAM LEASES SOME OF THE LAND TO SIX LOCAL FARMERS AND FARMING GROUPS FOR THEIR OWN PERSONAL OR BUSINESS INTERESTS. THE BENEFIT TO OFI IS TO HAVE THEIR LAND MAINTAINED AND CARED FOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Newkirk Foundation Mgr. | Officer | 40 | $45,000 |
Andrew Jencks Vice President | Trustee | 1 | $0 |
Stephen Jencks Treasurer | Trustee | 1 | $0 |
Alex Papo Director | Trustee | 1 | $0 |
Martha Torrance Director | Trustee | 1 | $0 |
Debbie Block President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,044 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,299 |
| Total Program Service Revenue | $102,688 |
| 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 | $12,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,203 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,113 |
| Advertising and promotion | $0 |
| Office expenses | $2,142 |
| Information technology | $677 |
| Royalties | $0 |
| Occupancy | $9,739 |
| Travel | $0 |
| 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 | $9,027 |
| Insurance | $5,788 |
| All other expenses | $4,005 |
| Total functional expenses | $227,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,163 |
| 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 | $66,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,625 |
| 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 | $0 |
| 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 | $117,625 |
| Total liabilities and net assets/fund balances | $117,625 |