Massachusetts 4-H Foundation Inc
- Assets
- $9.2m
- Revenue
- $486.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Framingham, MA
- Founding
- 10/1957
- Data as of
- 12/2021
- EIN
- 04-2303708
Organization Overview
Massachusetts 4-H Foundation Inc is located in Framingham, MA. The organization was established in 1957. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 12/2021, Massachusetts 4-H Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts 4-H 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 12/2021, Massachusetts 4-H Foundation Inc generated $486.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $431.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. 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
ENHANCING, PROMOTING AND FINANCIALLY SUPPORTING THE MASSACHUSETTS 4-H PROGRAMS AND CAMPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SUPPORT OF THE 4-H PROGRAM INCLUDED FUNDS FOR 4-H EDUCATORS' SALARIES; EDUCATIONAL PROGRAMS IN URAN AND RURAL REGIONS IN THE AREAS OF ANIMAL SCIENCES, SCIENCE, ENGINEERING AND TECHNOLOGY; COMMUNITY SERVICES; CURICULA; AND VIRTUAL PROGRAMS.
THE FOUNDATION PROVIDED DIRECT STAFF SUPPORT AND RELATED EXPENSES AS WELL AS MARKETING AND PROMOTIONAL MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Lehman Treasurer | OfficerTrustee | 5 | $0 |
Kathleen K Adams Vice President | OfficerTrustee | 1 | $0 |
Louise S Donahue Clerk | OfficerTrustee | 0.1 | $0 |
Steven E Borgeson President | OfficerTrustee | 25 | $0 |
Daniel A Antoniou Trustee | Trustee | 0.1 | $0 |
Ashley Randle Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,680 |
| Related organizations | $0 |
| Government grants | $29,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,432 |
| Total Program Service Revenue | $0 |
| Investment income | $118,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,293 |
| Net Income from Fundraising Events | $6,936 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,122 |
| 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 | $83,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,407 |
| Fees for services: Management | $26,808 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,882 |
| Fees for services: Other | $442 |
| Advertising and promotion | $0 |
| Office expenses | $5,799 |
| Information technology | $4,209 |
| Royalties | $0 |
| Occupancy | $36,028 |
| Travel | $256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,502 |
| Insurance | $5,232 |
| All other expenses | $0 |
| Total functional expenses | $431,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,419 |
| Savings and temporary cash investments | $446,415 |
| Pledges and grants receivable | $7,788 |
| Accounts receivable, net | $9,200 |
| 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 | $12,707 |
| Net Land, buildings, and equipment | $3,067 |
| Investments—publicly traded securities | $8,539,794 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,229,390 |
| Accounts payable and accrued expenses | $124,494 |
| 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 | $124,494 |
| Net assets without donor restrictions | $3,694,380 |
| Net assets with donor restrictions | $5,410,516 |
| 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 | $9,229,390 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Massachusetts 4-H Foundation Inc has recieved totaling $68,364.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $31,034 |
National 4-H Council Chevy Chase, MD PURPOSE: EDUCATIONAL | $22,118 |
Robert Lloyd Corkin Charitable Foundation Sudbury, MA PURPOSE: GENERAL SUPPORT | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $212 |
Endowment Analysis
| Beg. Balance | $7,643,048 |
| Earnings | $1,552,665 |
| Admin Expense | -$828 |
| Net Contributions | $7,860 |
| Grants | -$232,674 |
| Ending Balance | $8,970,071 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farms For City Kids Foundation Inc Port Washington, NY | $13,292,500 | $3,299,367 |
The Farm School Inc Athol, MA | $2,963,287 | $1,946,125 |
4-H Education Center At Auerfarm Inc Bloomfield, CT | $2,401,626 | $1,217,918 |
New York State Future Farmers Leadership Trng Foundation Inc Croghan, NY | $5,663,495 | $1,226,408 |
Worcester County 4-H Center Inc Spencer, MA | $1,155,680 | $820,745 |
Massachusetts 4-H Foundation Inc Framingham, MA | $9,229,390 | $486,895 |
Connecticut 4-H Foundation Inc Storrs Mansfield, CT | $432,789 | $352,367 |
Turn Back Time Paxton, MA | $410,646 | $382,499 |
Kistner Foundation Inc Ashfield, MA | $2,209,686 | $2,192,968 |
Phillies Bridge Farm Project Inc New Paltz, NY | $779,163 | $400,929 |
Essex County 4-H Club Camp Inc Rowley, MA | $1,087,174 | $371,942 |
Sustainable Cape-Center For Agricultural Preservation & Educat Truro, MA | $380,668 | $374,248 |