Fletcher Farm Foundation Inc
- Assets
- $4.1m
- Revenue
- $330.0k
- Investments
- $2.9m
- Employees
- 0
- Location
- Ludlow, VT
- Founding
- 01/1941
- Data as of
- 08/2022
- EIN
- 03-6007183
Organization Overview
Fletcher Farm Foundation Inc is located in Ludlow, VT. The organization was established in 1941. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fletcher Farm Foundation 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 08/2022, Fletcher Farm Foundation Inc generated $330.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $227.2k during the year ending 08/2022. While expenses have increased by 3.0% per year over the past 5 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.
Since 2017, Fletcher Farm Foundation Inc has awarded 14 individual grants totaling $247,724. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLETCHER FARM HAS FOR MANY YEARS MADE DONATIONS TO FLETCHER MEMORIAL LIBRARY LOCATED IN LUDLOW, VERMONT. THE LIBRARY SERVES SEVERAL THOUSAND LOCAL RESIDENTS RESIDING IN THE LUDLOW AREA.
FLETCHER FARM PROVIDES FACILITIES FOR THE USE OF THE ASSOCIATION OF VERMONT CRAFTSMEN WHICH CONSISTS OF SEVERAL HUNDRED CRAFTSPEOPLE FROM ALL OVER NEW ENGLAND.
FLETCHER FARM MADE A DONATION TO THE CAVENDISH FLETCHER COMMUNITY LIBRARY, PROCTORSVILLE, VERMONT. THE LIBRARY SERVES SEVERAL THOUSAND RESIDENTS RESIDING IN THE LUDLOW/PROCTORSVILLE, VERMONT AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Lemire Executive Dir. | 10 | $12,500 | |
Stephen Birge Trustee | 1 | $0 | |
Timothy Faulkner Treasurer | 3 | $0 | |
Sharon Bixby Secretary | 2 | $0 | |
Frank Provance Director | 1 | $0 | |
Barbara Lemire Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $241,989 |
| Capital Gain Net Income | $241,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,391 |
| Total Revenue | $330,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,774 |
| Depreciation | $42,642 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,624 |
| Total operating and administrative expenses | $174,437 |
| Contributions, gifts, grants paid | $52,805 |
| Total expenses and disbursements | $227,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,268 |
| Savings and temporary cash investments | $210,708 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $997,128 |
| Other assets | $0 |
| Total assets | $4,139,739 |
| Accounts payable and accrued expenses | $546 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $546 |
Grants Awarded
Over the last fiscal year, Fletcher Farm Foundation Inc has awarded $52,805 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Ludlow, VT PURPOSE: GRANT | $39,996 |
CAVENDISH FLETCHER COMMUNITY LIBRAR PURPOSE: GRANT | $10,000 |
VARIOUS RECIPIENTS PURPOSE: TUITION | $2,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |