Matthew 25 Farm Inc in Tully, New York (NY)
Table of contents:
| Matthew 25 Farm Inc | |
| Employer Identification Number (EIN) | 383893114 |
| Name of Organization | Matthew 25 Farm Inc |
| Address | 919 Mechanic St, Tully, NY 13159-9737 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2013 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $142,494 |
| Amount of Income | $180,211 |
| Form 990 Revenue Amount | $176,944 |
| National Taxonomy of Exempt Entities (NTEE) | Food, Agriculture and Nutrition: Food Service, Free Food Distribution Programs |
Non-representatives - add comments:
Amount of income in 2013: $180,211
| This organization: | $180,211 |
| Other organizations performing similar types of work: | $81,666 |
Assets in 2013: $142,494
| Matthew 25 Farm Inc: | $142,494 |
| Other organizations performing similar types of work: | $44,141 |
Expenses in 2013: $87,221
| Matthew 25 Farm Inc: | $87,221 |
| Other organizations performing similar types of work: | $71,513 |
Income to expenses ratio in 2013: 2.1
| Matthew 25 Farm Inc: | 2.1 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2013: 92.0%
| Matthew 25 Farm Inc: | 92.0% |
| Other organizations performing similar types of work: | 37.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $176,944 |
| Contributions, gifts, grants, and similar amounts received | $162,770 |
| Program service revenue including government fees and contracts | $13,305 |
| Membership dues and assessments | $0 |
| Investment income | $136 |
| Gain/Loss from sale of assets other than inventory | $733 |
| Gross amount from sale of assets other than inventory | $4,000 |
| Less: cost or other basis and sales expenses | $3,267 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $87,221 |
| Total net assets | $142,494 |
| Excess/Deficit for the year | $89,723 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $52,771 |
| Net assets or fund balances at end of year | $142,494 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $142,494 |
| Total liabilities | $0 |
| Net assets or fund balances | $142,494 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| 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) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $12,770 |
| Subtotal Support | $12,770 |
| Gifts, grants, contributions, and membership fees received | $12,770 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $20,428 |
| Public Support | $12,770 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $136 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $7,522 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $136 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tomche Shabbos Of Boro Park And Flatbush Inc | 4712 Fort Hamilton Pkwy, Brooklyn, NY 11219-2926 | NY | 2002-01 | $1,330,086 |
| 2 | Corbin Hill Food Project Inc | 119 W 120th St, New York, NY 10027-6443 | NY | 2014-03 | $658,870 |
| 3 | Community Food Advocates | 15 Maiden Ln Ste 1200, New York, NY 10038-5115 | NY | 2010-04 | $379,390 |
| 4 | Matthew 25 Farm Inc | 919 Mechanic St, Tully, NY 13159-9737 | NY | 2013-09 | $180,211 |
| 5 | Jabalu-Nur Foundation | PO BOX 691, Wheatley Hts, NY 11798-0691 | NY | 2012-04 | $156,861 |
| 6 | Apatt | 32 Union Square East Suite 800, New York, NY 10003 | NY | 2014-09 | $111,500 |
| 7 | Central New York Bounty Inc | 8275 Route 13, Canastota, NY 13032 | NY | 2013-09 | $111,371 |
| 8 | Eden North Collins Food Pantry | 2005 Halley Rd, North Collins, NY 14111 | NY | 2009-10 | $91,274 |
| 9 | United Soup Kitchens Inc | 700 Broadway, New York, NY 10003-9536 | NY | 2003-12 | $76,495 |
| 10 | Sunday In The Country Food Drive | 76 Sharon Rd 789, Millerton, NY 12546-5220 | NY | 2005-03 | $61,350 |
| 11 | Top Development Corporation | 1274 Utica Ave, Brooklyn, NY 11203-5912 | NY | 1999-05 | $46,500 |
| 12 | M-Eals And Leadership Inc | 750 Farm To Market Rd, Endwell, NY 13760-1128 | NY | 2011-06 | $35,986 |
| 13 | Pulaski Community Ministries Inc | 12 Bridge St, Pulaski, NY 13142-4403 | NY | 2015-04 | $20,036 |
| 14 | Edible School Gardens Ltd | Po Box 1291, East Hampton, NY 11937 | NY | 2014-09 | $17,854 |
| 15 | To God Be The Glory Ministries Inc | PO BOX 1687, Poughkeepsie, NY 12601-0687 | NY | 2003-08 | $8,064 |
| 16 | Neighborherd Inc | 56 Manchester Dr, Mount Kisco, NY 10549-1902 | NY | 2014-06 | $6,554 |
| 17 | Green Earth Urban Gardens Inc | 147-14 22nd Avenue, Whitestone, NY 11357 | NY | 2012-12 | $5,000 |
| 18 | Kenmore Farmers Market Inc | 251 Argonne Dr, Kenmore, NY 14217 | NY | 2012-10 | $755 |
| 19 | 4our Community Inc, 4our Community | 167 West 145th St, New York, NY 10039-4205 | NY | 2012-08 | $0 |
| 20 | Aleak Revee Child Care Network Inc | 1785 Schenectady Ave, Brooklyn, NY 11234-2003 | NY | 2006-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,284 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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