Merck Forest & Farmland Center
- Assets
- $10.5m
- Revenue
- $3.0m
- Investments
- $4.6m
- Employees
- 15
- Location
- Rupert, VT
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 03-0184959
Organization Overview
Merck Forest & Farmland Center is located in Rupert, VT. The organization was established in 1990. 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 12/2021, Merck Forest & Farmland Center employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merck Forest & Farmland Center 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 12/2021, Merck Forest & Farmland Center generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MERCK FOREST FOUNDATION, INC. IS TO TEACH A LAND ETHIC, DEMONSTRATE STEWARDSHIP OF NATURAL RESOURCES, PROVIDE EDUCATION EXPERIENCES IN AGRICULTURE AND FORESTRY, AND PROVIDE OUTDOOR RECREATIONAL OPPORTUNITIES FOR THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MANAGES FOREST LAND AND A FARM ON APPROXIMATELY 3,200 ACRES, PROVIDING THE OPPORTUNITY FOR VISITORS, AREA RESIDENTS, AND REGIONAL ELEMENTARY THROUGH COLLEGE STUDENTS TO EXPLORE AND PARTICIPATE IN HANDS-ON PROGRAMMING FOCUSED ON SUSTAINABLE FORESTRY, ECOLOGY, REGENERATIVE AGRICULTURE AND OUTDOOR RECREATION.
HELD EDUCATIONAL WORKSHOPS AND VARIOUS FARM AND FOREST EXHIBITS, ALLOWING YEAR ROUND ACCESS FOR HIKERS, CAMPERS, AND CROSS- COUNTRY SKIERS IN ORDER TO DEMONSTRATE THE REASONS FOR, AND METHODS OF, PRESERVING FOREST LAND AND OTHER NATURAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Terry Executive Dir. | Officer | 40 | $104,470 |
Keld Alstrup Jan - Jul Treasurer | Officer | 2 | $0 |
Kat Deely Jan To Dec Secretary | Officer | 2 | $0 |
George Hatch Jan - Jul President | Officer | 2 | $0 |
Ann Jackson Jan - Jul Vice President | Officer | 2 | $0 |
Sam Schneski Jan Vp Jul-Dec Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,395,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,411,750 |
| Total Program Service Revenue | $314,971 |
| Investment income | $314,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $961,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,016,024 |
| 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. | $118,394 |
| Compensation of current officers, directors, key employees. | $59,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,305 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,225 |
| Payroll taxes | $34,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,882 |
| Fees for services: Other | $2,448 |
| Advertising and promotion | $22,891 |
| Office expenses | $24,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,145 |
| 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 | $84,818 |
| Insurance | $41,410 |
| All other expenses | $82,531 |
| Total functional expenses | $1,070,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,260 |
| 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 | $6,945 |
| Net Land, buildings, and equipment | $1,137,541 |
| Investments—publicly traded securities | $3,321,843 |
| Investments—other securities | $4,598,358 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,452,044 |
| Accounts payable and accrued expenses | $29,392 |
| 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 | $29,392 |
| Net assets without donor restrictions | $5,824,294 |
| Net assets with donor restrictions | $4,598,358 |
| 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 | $10,452,044 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Merck Forest & Farmland Center has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $3,129,862 |
| Earnings | $346,018 |
| Admin Expense | $23,702 |
| Other Expense | $130,335 |
| Ending Balance | $3,321,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holstein Friesian Association Of America Brattleboro, VT | $42,888,096 | $20,454,102 |
The William H Miner Agricultural Research Institute Chazy, NY | $25,150,167 | $10,410,462 |
Grace Communications Foundation Inc New York, NY | $9,222,389 | $7,837,107 |
Attleboro Corporate Center Association Inc Attleboro, MA | $92,995 | $6,024,289 |
United Food And Commercial Workers International Union Dedham, MA | $6,169,904 | $6,230,011 |
Essex Agricultural Society Topsfield, MA | $13,692,899 | $6,659,006 |
New York Farm Bureau Albany, NY | $21,413,106 | $1,125,268 |
The Livestock Institute Of Southern New England Westport, MA | $6,774,804 | $2,810,112 |
Amber Waves Farm Inc Amagansett, NY | $1,245,153 | $2,731,640 |
Iron Workers Local Union No 60 Supl Benefit Pl And Tr Wel Fd Syracuse, NY | $14,348,614 | $4,106,071 |
New York State Wine And Culinary Center Inc Canandaigua, NY | $8,032,026 | $3,089,855 |
United Food And Commercial Workers International Union South Easton, MA | $2,558,180 | $2,910,050 |