Law-Reed-Huss Farm Foundation in Wayland, Massachusetts (MA)

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Law-Reed-Huss Farm Foundation
Employer Identification Number (EIN)341941030
Name of OrganizationLaw-Reed-Huss Farm Foundation
In Care of NameWilliam Huss
Address2 Catherines Farm Rd, Wayland, MA 01778-1038
SubsectionCharitable Organization
Ruling Date09/2001
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$458,194
Amount of Income$18,365
Form 990 Revenue Amount$13,516
National Taxonomy of Exempt Entities (NTEE)Food, Agriculture and Nutrition: Farmland Preservation


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Amount of income in 2013: $18,365 (it was $21,203 in 2012)
This organization: 

 $18,365
Other organizations performing similar types of work: 

 $171,156

Assets in 2013: $458,194 (it was $467,746 in 2012)
This organization: 

 $458,194
Other organizations performing similar types of work: 

 $248,463

Expenses in 2013: $27,917
This organization: 

 $27,917
Other organizations performing similar types of work: 

 $89,694

Income to expenses ratio in 2013: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2013: 0.0%
Law-Reed-Huss Farm Foundation: 

 0.0%
Other organizations performing similar types of work: 

 60.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$18,365$18,365$18,365
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$3
Dividends and interest from securities$2,044
Gross rents$15,870
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$448
Total expenses and disbursements$27,917$21,301$15,870$12,047
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$995
Interest$0
Depreciation$6,589
Occupancy$10,895
Travel, conferences, and meetings$1,707
Printing and publications$0
Total operating and administrative expenses$25,817$21,301$9,947
Contributions, gifts, grants paid$2,100
Excess of revenue over expenses and disbursements$-9,552
Net investment income$0
Adjusted net income$2,495
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$473,156$516,155$467,746$526,124$458,194$536,609
Cash - non-interest-bearing$6,300$8,226$3,670
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$81,705$81,705$81,705
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$1$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$473,156$467,746$458,194
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$100$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$100$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$57,251$50,799$68,686
Net value of noncharitable-use assets$50,037$67,656
Minimum investment return$2,820$2,502$3,383
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$2,495$2,475$2,820$2,412$10,202
Qualifying distributions made directly for active conduct of exempt activities$12,047$7,885$13,560$17,421$50,913
Value of all assets$536,609$526,124$516,155$520,046$2,098,934
Value of assets qualifying under section 4942(j)(3)(B)(i)$461,396$461,396$461,396$461,396$1,845,584
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$3$0
Dividends and interest from securities$2,044$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Yggdrasil Land Foundation Inc1002 Oreilly Avenue, San Francisco, CA 94129-5257CA2001-01$1,520,575
2Community Involved In Sustaining Agriculture IncOne Sugarloaf Street, South Deerfield, MA 01373-1115MA2000-03$1,279,127
3Upper Saco Valley Land TrustPO BOX 424, North Conway, NH 03860-0424NH2001-05$888,120
4Friends Of French Farm516 Lake Ave, Greenwich, CT 06830-3852CT2013-06$689,437
5Southern Sustainable Agriculture Working Group Inc, Southern SawgPO BOX 1552, Fayetteville, AR 72702-1552AR2002-07$542,588
6Historic Oneil Farm IncPO BOX 2755, Duxbury, MA 02331-2755MA2005-07$352,253
7Brookwood Community Farm IncPO BOX 870093, Milton Vlg, MA 02187-0093MA2006-10$328,135
8Newton Community Farm Inc303 Nahanton St, Newton, MA 02459-2900MA2006-07$258,266
9Theconrad Botzum Farmstead520 S Main Street Suite 2436a, Akron, OH 44311OH2002-04$225,508
10Growing Hope Foundation11430 660th Ave, Emmons, MN 56029-4012MN2011-09$171,156
11Grow Food Northampton Inc39 Munroe St, Northampton, MA 01060-4249MA2010-10$128,247
12Lundale Farm IncPO BOX 673, Kimberton, PA 19442-0673PA2010-12$122,596
13Friends Of Lachat Inc31 Fanton Hill Rd, Weston, CT 06883-2407CT2012-04$101,675
14North Carolina Association For Dairy Stabilization And Growth Inc5301 Glenwood Avenue, Raleigh, NC 27612NC2008-11$83,631
15Centre Township Land Protection Foundation449 Bucks Hill Rd, Mohrsville, PA 19541-9340PA2006-04$63,592
16Guardians Of Agricultural Lands Inc2930 Orders Lane, American Falls, ID 83211ID2011-06$39,154
17New England Working Landscapes For Future Generations IncP0 Box 385, Williamsburg, MA 01096MA2004-11$35,962
18Law-Reed-Huss Farm Foundation2 Catherines Farm Rd, Wayland, MA 01778-1038MA2001-09$18,365
19Lexington Community Farm Coalition IncPo Box 554, Lexington, MA 02420MA2012-02$0
20Taylor Bray Farm Preservation AssociationPo Box 66, Yarmouthport, MA 02675MA2002-07$0
Number of organizations performing similar types of work
Alabama2
Arkansas2
California14
Colorado4
Connecticut4
District of Columbia1
Florida3
Georgia1
Iowa1
Idaho1
Illinois4
Indiana1
Kansas2
Kentucky1
Louisiana1
Massachusetts9
Maryland3
Maine4
Michigan4
Minnesota3
Montana2
North Carolina4
New Hampshire3
New Jersey3
New Mexico2
Nevada1
New York5
Ohio5
Oklahoma1
Oregon7
Pennsylvania5
South Dakota2
Texas2
Utah2
Vermont1
Washington5
Wisconsin1
West Virginia8
Total124

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