Friends Of The Kennedy-Martin- Stelle-Farmstead Inc
- Assets
- $86.7k
- Revenue
- $122.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Basking Ridge, NJ
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-1236442
Organization Overview
Friends Of The Kennedy-Martin- Stelle-Farmstead Inc, operating under the name Farmstead Arts, is located in Basking Ridge, NJ. The organization was established in 2005. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmstead Arts 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, Farmstead Arts generated $122.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $71.2k 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
PRESERVE AND OPERATE HISTORICALLY REGISTERED FARMSTEAD AS FARMSTEAD ARTS A NONPROFIT CENTER FOR FINE PERFORMING AND PRACTICAL ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART CLASSES/WORKSHOPS - CONTINUED TO PROVIDE WORKSHOPS AND ART CLASSES OPEN TO THE GENERAL PUBLIC. MOST OF THE CLASSES WERE VITUAL DUE TO COVID-19 RESTRICTIONS. TOTAL OF 50 CLASSES. OVERALL ATTENDANCE 158.
ART SHOWS - CONTINUED TO PROVIDE ART SHOWS. MOST OF 2021 WAS VIRTUAL DUE TO COVID-19 RESTRICTIONS. TOTAL OF 8 ART SHOWS - 6 VIRTUAL, 2 IN-PERSON.
THEATER/PLAYS - CONTINUED TO PROVIDE PLAYS OPEN TO THE GENERAL PUBLIC. DUE TO COVID-19, LIVE PERFORMANCES WERE TEMPORARILY DISCONTINUED, BUT 2 VIRTUAL ZOOM PLAY PERFORMANCES WERE PRESENTED. TOTAL ONLINE ATTENDANCE 99.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Workman Trustee President | OfficerTrustee | 20 | $0 |
Irene Grabowski Trustee | OfficerTrustee | 7 | $0 |
Nancy Gleason Trusteesecretary | OfficerTrustee | 7 | $0 |
Brenda Rediess-Hoosein Trustee Treasurer | OfficerTrustee | 7 | $0 |
Ann Osterdale Rosenblum Trustee 2nd VP | OfficerTrustee | 7 | $0 |
Richard Huckins Trustee 1st VP | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,968 |
| Fundraising events | $4,957 |
| Related organizations | $0 |
| Government grants | $28,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,669 |
| Noncash contributions included in lines 1a–1f | $805 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,305 |
| Total Program Service Revenue | $60,184 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,626 |
| 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 | $8,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $984 |
| Fees for services: Management | $1,016 |
| 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 | $33,299 |
| Advertising and promotion | $278 |
| Office expenses | $5,178 |
| Information technology | $0 |
| Royalties | $272 |
| Occupancy | $14,207 |
| 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 | $0 |
| Insurance | $3,764 |
| All other expenses | $3,234 |
| Total functional expenses | $71,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,661 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,661 |
| 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 | $2,620 |
| Total liabilities | $2,620 |
| Net assets without donor restrictions | $84,041 |
| 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 | $86,661 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of The Kennedy-Martin- Stelle-Farmstead Inc has recieved totaling $114.
| Awarding Organization | Amount |
|---|---|
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Welcome America Inc Philadelphia, PA | $233,400 | $2,511,087 |
Scoa Inc Southampton, NY | $1,446,191 | $1,687,699 |
Boilermaker Road Race Inc Utica, NY | $3,269,163 | $333,916 |
Ground Zero 360 Inc New York, NY | $949,074 | $512,424 |
Veterans Monument Foundation Of Whitemarsh Lafayette Hill, PA | $27,304 | $0 |
Southampton Days Committee Inc Southampton, PA | $81,366 | $244,344 |
Fort Ligonier Days Inc Ligonier, PA | $419,447 | $287,907 |
The Cooperage Project Honesdale, PA | $232,529 | $284,596 |
Gloversville Theatre Corporation Gloversville, NY | $516,659 | $395,424 |
Christmas Light Up Celebration Inc Imperial, PA | $281,818 | $0 |
Our Lady Of Mt Carmel Society Hammonton, NJ | $452,241 | $298,520 |
St Patricks Day Foundation Nyc Larchmont, NY | $536,214 | $16,403 |