Farrington Memorial Inc
- Assets
- $1.9m
- Revenue
- $342.6k
- Investments
- $914.8k
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- 11/1952
- Data as of
- 06/2021
- EIN
- 04-2138907
Organization Overview
Farrington Memorial Inc is located in Lincoln, MA. The organization was established in 1952. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farrington Memorial 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 06/2021, Farrington Memorial Inc generated $342.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $563.3k during the year ending 06/2021. While expenses have increased by 15.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARRINGTON NATURE LINC'S MISSION IS TO ENHANCE THE WELL-BEING OF CHILDREN FROM LOW-INCOME COMMUNITIES THROUGH A CONNECTION WITH THE NATURAL WORLD. OUR 75 ACRES OF WOODLANDS, FIELDS AND PONDS NEAR BOSTON ARE DEDICATED TO PROVIDING RESPITE AND INSPIRATION FOR CHILDREN WHO MIGHT NOT OTHERWISE HAVE THIS OPPORTUNITY.IN ALL FARRINGTON PROGRAMS, YOUTH FROM LOW INCOME URBAN AREAS ARE GIVEN THE CHANCE TO HAVE FUN ENGAGING IN NATURE, TO BE CREATIVE AND TO LEARN HOW TO TAKE APPROPRIATE RISKS. OUR NATURE PROGRAMS PROVIDE SUPPORT FOR MENTAL AND PHYSICAL HEALTH AND WELLBEING AS WELL AS BEING AN PLACE TO DEVELOP BRAVERY, CURIOSITY AND LEADERSHIP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy S Matusovich Executive Director | 37.5 | $111,127 | |
Sarah C Kacevich Program Director | 37.5 | $67,274 | |
Margaret M Ito Program Manager | 37.5 | $51,517 | |
Elizabeth Marsh Devcomm Chair, Trustee | 2 | $0 | |
Uche Amaechi Program Chair, Trustee | 2 | $0 | |
Daniel Zainulbhai Vice President, Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,527 |
| Interest on Savings | $4 |
| Dividends & Interest | $31,766 |
| Net Rental Income | $82,186 |
| Net Gain on Sale of Assets | $6,515 |
| Capital Gain Net Income | $6,515 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $126,596 |
| Total Revenue | $342,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $111,127 |
| Other employee salaries and wages | $173,382 |
| Pension plans, employee benefits | $15,303 |
| Interest | $0 |
| Taxes | $23,840 |
| Depreciation | $26,946 |
| Occupancy | $77,635 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $98,135 |
| Total operating and administrative expenses | $563,297 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $563,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,194 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $18,846 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $563,616 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,967 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,348 |
| Net Land, buildings, and equipment | $330,896 |
| Other assets | $0 |
| Total assets | $1,862,278 |
| Accounts payable and accrued expenses | $31,388 |
| Grants payable | $0 |
| Deferred revenue | $2,780 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $52,297 |
| Other liabilities | $0 |
| Total liabilities | $86,465 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Farrington Memorial Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Fiduciary Charitable Foundation Boston, MA PURPOSE: DONATIONS | $8,000 |
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