Farmsteads Of New England Inc
- Assets
- $2.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 136
- Location
- Hillsborough, NH
- Founding
- 02/2001
- Data as of
- 06/2022
- EIN
- 02-0517433
Organization Overview
Farmsteads Of New England Inc is located in Hillsborough, NH. The organization was established in 2001. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Farmsteads Of New England Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmsteads Of New England 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 06/2022, Farmsteads Of New England Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BOTH DAY AND RESIDENTIAL PROGRAMS IN A FARMING ENVIRONMENT FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES SUCH AS AUTISM AND INTELLECTUAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ATMOSPHERE CONDUCIVE TO A MEANINGFUL/SATISFYING LIFE FOR DEVELOPMENTALLY DISABLED PERSONS WAS ESTABLISHED THROUGH THE PARTICIPATION OF INDIVIDUALS IN THE RESIDENT, DAY, AND RESPITE FARMER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Descenza Executive Di | OfficerTrustee | 40 | $74,588 |
Barbara Cohen President | OfficerTrustee | 2 | $0 |
Joleen Malot Vice Preside | OfficerTrustee | 2 | $0 |
Kevin Tacy Treasurer | OfficerTrustee | 2 | $0 |
Adam Chandler Director | Trustee | 2 | $0 |
Pamela Schmuhl Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $454,996 |
| Noncash contributions included in lines 1a–1f | $4,625 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,996 |
| Total Program Service Revenue | $2,935,112 |
| Investment income | $4,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,614,129 |
| 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. | $74,588 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,386,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $207,754 |
| Payroll taxes | $199,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,412 |
| Advertising and promotion | $38,871 |
| Office expenses | $26,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,504 |
| Travel | $90,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,999 |
| Insurance | $46,183 |
| All other expenses | $103,907 |
| Total functional expenses | $3,556,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,885 |
| Savings and temporary cash investments | $299,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $154,949 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,375 |
| Net Land, buildings, and equipment | $1,561,200 |
| Investments—publicly traded securities | $102,697 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,200 |
| Other assets | $0 |
| Total assets | $2,753,400 |
| Accounts payable and accrued expenses | $25,637 |
| 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 | $1,412,444 |
| Unsecured mortgages and notes payable | $104,480 |
| Other liabilities | $163,418 |
| Total liabilities | $1,705,979 |
| Net assets without donor restrictions | $684,938 |
| Net assets with donor restrictions | $362,483 |
| 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 | $2,753,400 |