Farm Institute in Edgartown, Massachusetts (MA)

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Farm Institute
Employer Identification Number (EIN)043508028
Name of OrganizationFarm Institute
Address14 Aero Ave, Edgartown, MA 02539
SubsectionCharitable Organization, Educational Organization
Ruling Date10/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,060,782
Amount of Income$888,601
Form 990 Revenue Amount$724,662
National Taxonomy of Exempt Entities (NTEE)Food, Agriculture and Nutrition: Agricultural Programs


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Amount of income in 2012: $888,601
Farm Institute: 

 $888,601
Other organizations performing similar types of work: 

 $97,535

Assets in 2012: $1,060,782
Farm Institute: 

 $1,060,782
Other organizations performing similar types of work: 

 $64,157

Expenses in 2012: $697,641
This organization: 

 $697,641
Other organizations performing similar types of work: 

 $87,219

Income to expenses ratio in 2012: 1.3
Farm Institute: 

 1.3
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 69.0%
This organization: 

 69.0%
Other organizations performing similar types of work: 

 0.0%

Number of employees in 2012: 43
Farm Institute: 

 43
Other organizations performing similar types of work: 

 1

Employees paid over $100,000 in 2012: 2.3%
This organization: 

 2.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 60.1%
Farm Institute: 

 60.1%
Other organizations performing similar types of work: 

 0.9%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$724,662
Contributions, Gifts, Grants and Other Similar Amounts$435,815
Program Service Revenue$237,827
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$40
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Gross income from fundraising events$68,380
Less: direct expenses$68,380
Net income from gaming activities$0
Net income from sales of inventory$48,296
Gross sales of inventory, less returns and allowances$143,855
Less: cost of goods sold$95,559
Miscellaneous Revenue$2,684
Statement of Functional Expenses (for 2012)
Total functional expenses$697,641
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$262,398
Payroll taxes$34,624
Professional fundraising services$0
Other$400,619
Balance Sheet (for 2012)
Total assets$1,060,782
Total liabilities$183,110
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$134,546
Other$48,564
Total net assets or fund balances$877,672
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$2,106,345
Gifts, grants, contributions, and membership fees received$2,075,444
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$30,901
Gross receipts from related activities, etc.$237,827
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$291,208$333,007$563,500$1,370,617$611,497$681,145$954,287
Contributions, gifts, grants, and similar amounts received$270,839$283,261$460,849$735,872$530,584$340,718$490,541
Contributions to donor advised funds$0$0
Direct public support$270,839$283,261$460,849$735,872$530,584$340,718$490,541
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$19,165$35,196$47,141$54,783$45,835$136,788$329,193
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,204$196$262$175$5,662$10,427$4,780
Dividends and interest from securities$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$16,250$31,250$26,000
Gain or (loss) from sales of assets other than inventory$0$0$0$574,184$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$1,850,000$0$0$0
Less: cost or other basis and sales expenses$0$0$0$1,275,816$0$0$0
Net income or (loss) from special events and activities$0$14,354$55,687$-1,626$-1,400$116,515$64,115
Gross revenue$0$36,995$74,479$440$3,685$148,123$134,404
Less: direct expenses other than fundraising expenses$0$22,641$18,791$2,066$5,085$31,608$70,289
Gross profit or (loss) from sales of inventory$0$0$-431$7,229$14,566$45,447$39,658
Gross sales of inventory, less returns and allowances$0$0$57,216$7,856$15,550$59,498$62,150
Less: cost of goods sold$0$0$57,655$627$984$14,051$22,492
Other revenue$0$0$0$0$0$0$0
Total expenses$185,268$358,528$537,044$504,742$549,154$603,898$826,913
Program services$132,992$323,144$475,534$401,122$413,202$428,049$570,374
Management and general$39,932$27,427$51,077$90,656$107,953$94,458$142,833
Fundraising$12,344$7,957$10,433$12,964$27,999$81,391$113,706
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$204,291$178,770$205,226$1,071,101$1,133,444$1,210,691$1,338,065
Excess or (deficit) for the year$105,940$-25,521$26,456$865,875$62,343$77,247$127,374
Net assets or fund balances at beginning of year$98,351$204,291$178,770$205,226$1,071,101$1,133,444$1,210,691
Other changes in net assets or fund balances$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$826,913$570,374$142,833$113,706
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$67,887$33,943$16,972$16,972
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$361,011$255,672$65,687$39,652
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$62,872$40,899$18,313$3,660
Payroll taxes$41,918$30,345$6,873$4,700
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$93,371$92,282$427$662
Telephone$4,160$2,829$1,331$0
Postage and shipping$2,204$0$514$1,690
Occupancy$14,879$12,945$1,610$324
Equipment rental and maintenance$15,253$15,120$133$0
Printing and publications$7,871$3,947$299$3,625
Travel$1,899$1,777$122$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$46,251$43,859$1,423$969
Other expenses not covered above$107,337$36,756$29,129$41,452
Balance Sheets
2001200220032004200520062007
Total assets$1,259,259$1,301,368$1,370,061$1,300,397$1,210,020$1,224,441$1,358,949
Cash - non-interest-bearing$23,987$19,853$7,681$200$373$218$183
Savings and temporary cash investments$0$0$0$571,554$300,355$196,337$182,664
Accounts receivable less allowance for doubtful accounts$4,253$1,780$1,960$11,767$16,749$18,957$29,335
Pledges receivable less allowance for doubtful accounts$20,000$17,000$0$51,100$0$0$113,800
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$550,000$550,000$325,000$325,000
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$1,000$5,300$8,825$9,914$11,489$12,138$16,452
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,210,019$1,257,435$1,351,595$105,862$331,054$671,791$691,515
Other assets, including program-related investments$0$0$0$0$0$0$0
Total liabilities$1,054,968$1,122,598$1,164,835$229,296$76,576$13,750$20,884
Accounts payable and accrued expenses$54,968$50,998$25,635$74,296$76,576$13,750$20,884
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$21,600$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$5,000$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$1,000,000$1,050,000$1,100,000$150,000$0$0$0
Other liabilities$0$0$39,200$0$0$0$0
Total liabilities and net assets/fund balances$1,259,259$1,301,368$1,370,061$1,300,397$1,210,020$1,224,441$1,358,949
Total net assets or fund balances$204,291$178,770$205,226$1,071,101$1,133,444$1,210,691$1,338,065
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$291,208$333,007$563,500$1,370,617$611,497$681,145$954,287
Total revenue, gains, and other support per audited financial statements$291,208$333,007$563,500$1,373,617$626,497$686,145$962,358
Other expenses$0$0$0$16,000$15,000$5,000$8,071
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$16,000$15,000$5,000$8,071
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$13,000$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$13,000$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$185,268$358,528$537,044$504,742$549,154$603,898$826,913
Total expenses and losses per audited financial statements$185,268$358,528$537,044$507,742$564,154$608,898$834,984
Other revenue$0$0$0$3,000$15,000$5,000$8,071
Donated services and use of facilities$0$0$0$3,000$15,000$5,000$8,071
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$67,887$6,359$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200620
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$30,780$432,966
Program service revenue
Program service revenue 1000000$000$0$329,193
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,780$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$26,000$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$64,115
Gross profit or (loss) from sales of inventory000000$000$0$39,658
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2000200120022003200420052006
Total$120,600$307,239$318,653$508,252$790,830$582,081$564,630
Gifts, grants, and contributions received$120,600$270,839$283,261$460,849$735,872$530,584$340,718
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$35,196$35,196$47,141$54,783$45,835$182,235
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$1,204$196$262$175$5,662$41,677
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Farm Institute14 Aero Ave, Edgartown, MA 02539MA2000-10$888,601
2Attleboro Corporate Center Association IncPO BOX 891, Attleboro, MA 02703-0015MA2011-01$5,484,125
3Noonday Farm Inc96 Windsor Rd, Winchendon, MA 01475MA2014-09$233,701
4Greenagers Inc33 Rossetter Street, Great Barrington, MA 01230-2237MA2013-12$202,345
5World Farmers IncPO BOX 112, Lancaster, MA 01523MA2013-05$188,326
6Bionutrient Food Association Inc24 Hillsville Rd, N Brookfield, MA 01535-2020MA2012-02$161,157
7American Shropshire Registry Association Inc41 Bell Rd, Leyden, MA 01337-9741MA2014-06$60,553
8Many Hands Farm CorpsPo Box 278, Amherst, MA 01002MA2013-01$52,406
9Helfand Farm Community Gardens Inc404 Elm St, Dartmouth, MA 02748-2206MA2014-10$8,650
10Association Of African Agricultural Professionals In The Diaspora Inc52 Moreland Green Dr, Worcester, MA 01609-1076MA2010-02$5,122
11American Iris Society6 Green Way, Chelmsford, MA 01824MA2001-02$0
12Eastleigh Farm Educational Foundation Inc1084 Grove St, Framingham, MA 01701-3702MA2014-08$0
13Farm Education Inc816 Barnum Street, Sheffield, MA 01257MA2015-03$0
14Grow The Good95 Prospect St, Newton, MA 02465-2340MA2013-11$0
15Littleton Community FarmPo Box 1186, Littleton, MA 01460MA2014-06$0
16Massachusetts Association Of Agricultural Commissions Inc20 West St, Carver, MA 02330-1330MA2012-06$0
17Our Sacred Future Foundation Inc1375 Boardman Street, Sheffield, MA 01257MA2014-11$0
18Permaculture Institute Of The NortheastPo Box 3461, Amherst, MA 01004MA2014-09$0
19Project Alianza99 Prince Street, Boston, MA 02113MA2014-12$0
20ThemovePo Box 381155, Cambridge, MA 02238MA2014-08$0
Number of organizations performing similar types of work
Alaska6
Alabama14
Arkansas19
Arizona24
California157
Colorado57
Connecticut15
District of Columbia11
Delaware2
Florida62
Georgia30
Hawaii27
Iowa26
Idaho19
Illinois48
Indiana26
Kansas20
Kentucky45
Louisiana18
Massachusetts29
Maryland24
Maine18
Michigan51
Minnesota35
Missouri30
Mississippi25
Montana18
North Carolina53
North Dakota7
Nebraska9
New Hampshire10
New Jersey16
New Mexico36
Nevada11
New York52
Ohio42
Oklahoma24
Oregon40
Pennsylvania29
Rhode Island4
South Carolina13
South Dakota10
Tennessee30
Texas137
Utah22
Virginia27
Vermont14
Washington76
Wisconsin30
West Virginia14
Wyoming3
International3
Total1,568

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