Farms For City Kids Foundation Inc
- Assets
- $13.3m
- Revenue
- $3.3m
- Investments
- $8.6m
- Employees
- 35
- Location
- Port Washington, NY
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 11-3108678
Organization Overview
Farms For City Kids Foundation Inc is located in Port Washington, NY. The organization was established in 1993. 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, Farms For City Kids Foundation Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farms For City Kids 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, Farms For City Kids Foundation Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. 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
SEE SCHEDULE O, PART 1, LINE 1 - MISSION STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARMS FOR CITY KIDS PROVIDES EDUCATIONAL PROGRAMS TO CHILDREN BY EXPOSING THEM FIRSTHAND TO FARMING EXPERIENCES IN THE HOPE OF EXPANDING THEIR PERSONAL HORIZONS, ENHANCING THEIR SELF-ESTEEM, AND HELPING THEM TO ATTACH REALISTIC VALUES TO THEIR ACADEMIC EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mcmahon Director And Sec/treas | OfficerTrustee | 1 | $0 |
Karli Hagedorn Chairman Of Bd. And Pres. | OfficerTrustee | 1 | $0 |
James Hagedorn VP & Vice-Chairperson Of B | OfficerTrustee | 1 | $0 |
Brett Shevack Director | Trustee | 0.3 | $0 |
Robert Allen Director | Trustee | 0.3 | $0 |
Denise Stump Director | Trustee | 0.3 | $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 | $1,140,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,168 |
| Total Program Service Revenue | $0 |
| Investment income | $420,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,299,367 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $201,316 |
| Payroll taxes | $79,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,788 |
| Advertising and promotion | $0 |
| Office expenses | $40,105 |
| Information technology | $0 |
| Royalties | $22,680 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $216,478 |
| Insurance | $192,395 |
| All other expenses | $526,863 |
| Total functional expenses | $3,488,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,766 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $896,920 |
| Accounts receivable, net | $267,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $323,207 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,857,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,557,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,292,500 |
| Accounts payable and accrued expenses | $123,173 |
| 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 | $296,442 |
| Total liabilities | $419,615 |
| Net assets without donor restrictions | $3,418,153 |
| Net assets with donor restrictions | $9,454,732 |
| 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 | $13,292,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Farms For City Kids Foundation Inc has recieved totaling $57,521.
| Awarding Organization | Amount |
|---|---|
Dreams R Us Foundation Shoreham, NY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: YOUTH DEVELOPMENT | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $8,785,584 |
| Earnings | $669,148 |
| Ending Balance | $9,454,732 |
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 |
Future Farmers Of America Harrisburg, PA | $155,785 | $777,480 |
Worcester County 4-H Center Inc Spencer, MA | $1,155,680 | $820,745 |
Wellsboro Shared Homes Inc Wellsboro, PA | $416,497 | $421,167 |
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 |
Hunterdon County 4-H And Agricultural Fair Hopewell, NJ | $795,386 | $371,256 |