Massachusetts Society For Promoting Agriculture
- Assets
- $5.5m
- Revenue
- $1.2m
- Investments
- $30.0k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1935
- Data as of
- 12/2021
- EIN
- 04-2265469
Organization Overview
Massachusetts Society For Promoting Agriculture is located in Boston, MA. The organization was established in 1935. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Society For Promoting Agriculture is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Massachusetts Society For Promoting Agriculture generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $220.4k during the year ending 12/2021. While expenses have increased by 14.8% 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.
Since 2020, Massachusetts Society For Promoting Agriculture has awarded 21 individual grants totaling $317,468. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE KNOWLEDGE AND UNDERSTANDING OF AGRICULTURE AND STIMULATE RESEARCH IN NEW FIELDS RELATED TO AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT ATTACHED FOR GRANTS PAID
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dudley H Willis Jr Trustee | Trustee | 0.5 | $0 |
John D Lee President | OfficerTrustee | 2 | $0 |
Robert T Hall Secretary | OfficerTrustee | 1 | $0 |
Allen D Berry Treasurer | OfficerTrustee | 1 | $0 |
J Philip Lee 1st Vice President | OfficerTrustee | 1 | $0 |
Fredrick S Moseley III Honorary Trustee | Trustee | 0.5 | $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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Investment income | $102,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,094,798 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,198,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,282 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $51,127 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $220,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $499,155 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,988,952 |
| Investments—other securities | $30,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $5,520,107 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $5,520,107 |
| Net assets with donor restrictions | $0 |
| 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 | $5,520,107 |
Grants Awarded
Over the last fiscal year, Massachusetts Society For Promoting Agriculture has awarded $154,532 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: FUNDS GRANTED FOR STAFFING TO FOCUS ON CLIMATE CHANGE CHALLENGES AND OPPORTUNITIES FOR FARMERS | $35,000 |
Somerville, MA PURPOSE: FUNDS GRANTED TO BE USED TOWARD THE PURCHASE OF A TRUCK FOR THE NESFP PROGRAM | $30,000 |
Boylston, MA PURPOSE: FUNDS GRANTED TO EXPAND THE AGRICULTURAL PRESENCE OF THE TOWER HILL BOTANIC GARDEN AND THE EDUCATIONAL OUTREACH INTO THE GREATER WORCESTER COMMUNITY | $25,000 |
Lowell, MA PURPOSE: FUNDS GRANTED TO SCALE UP FERTIGATION AND IRRIGATION SYSTEMS AT TWO URBAN FARM SITES | $15,857 |
Boston, MA PURPOSE: TO SUPPORT THE WORK OF THE LEGAL FOOD HUB | $10,000 |
Mattapan, MA PURPOSE: TO SUPPORT THE IMPLEMENTATION OF THE BOSTON FARMS ACQUISITION AND DEVELOPMENT PLAN | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Massachusetts Society For Promoting Agriculture has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Alvord Family Foundation Tr Boston, MA PURPOSE: GENERAL CONTRIBUTION | $100 |
Alvord Family Foundation Tr Boston, MA PURPOSE: GENERAL CONTRIBUTION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Electrical Industry Labor Management Cooperation Tr Dorchester, MA | $23,732,752 | $56,768,144 |
Dairy One Cooperative Inc Ithaca, NY | $10,249,154 | $25,724,887 |
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 |
New Haven Ecology Project Inc New Haven, CT | $13,646,916 | $6,735,090 |
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 |
Rhode Island Laborers Unified Tr Cranston, RI | $3,637,033 | $4,506,206 |
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 |