Merck Forest & Farmland Center
- Assets
- $10.3m
- Revenue
- $2.3m
- Investments
- $3.7m
- Employees
- 18
- Location
- Rupert, VT
- Founding
- 01/1990
- Data as of
- 12/2022
- 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 12/2022, Merck Forest & Farmland Center employed 18 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 12/2022, Merck Forest & Farmland Center generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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
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 | $110,636 |
Jill Perry Balsano 2022 Trustee | Trustee | 2 | $0 |
Peter Hicks 2023 Trustee | Trustee | 2 | $0 |
Karen Kellogg 2023 Trustee | Trustee | 2 | $0 |
Jim Hand Trustee | Trustee | 2 | $0 |
Mark Lourie 2021 Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,335 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,759,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,778,670 |
| Total Program Service Revenue | $315,402 |
| Investment income | $334,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$111,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,633 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,323,061 |
| 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. | $110,636 |
| Compensation of current officers, directors, key employees. | $55,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $462,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,428 |
| Payroll taxes | $43,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,638 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,554 |
| Office expenses | $28,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,334 |
| 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 | $96,314 |
| Insurance | $37,390 |
| All other expenses | $97,404 |
| Total functional expenses | $1,262,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,087,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45 |
| 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 | $17,119 |
| Net Land, buildings, and equipment | $1,679,502 |
| Investments—publicly traded securities | $2,750,358 |
| Investments—other securities | $3,746,733 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,281,211 |
| Accounts payable and accrued expenses | $43,989 |
| 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 | $43,989 |
| Net assets without donor restrictions | $7,501,661 |
| Net assets with donor restrictions | $2,735,561 |
| 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 | $10,281,211 |