Wolfes Neck Farm Foundation Inc
- Assets
- $12.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 123
- Location
- Freeport, ME
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 22-2586116
Organization Overview
Wolfes Neck Farm Foundation Inc, operating under the name Wolfe's Neck Center for Agriculture, is located in Freeport, ME. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Wolfe's Neck Center for Agriculture employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolfe's Neck Center for Agriculture 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, Wolfe's Neck Center for Agriculture generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 18.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM OUR RELATIONSHIP WITH FARMING AND FOOD FOR A HEALTHIER PLANET.
Describe the Organization's Program Activity:
VISITOR SERVICES - WOLFE'S NECK CENTER, OCEANFRONT CAMPING HAS BEEN AN INTEGRAL PART OF WOLFE'S NECK FOR OVER 50 YEARS. WHILE ENJOYING THE CAMPING EXPERIENCES, GUESTS MAY ENJOY MANY OPPORTUNITIES TO LEARN ABOUT FOOD AND FARMING AND BUILDING CONNECTIONS TO THE NATURAL ENVIRONMENT. THE FARM IS OPEN YEAR-ROUND AND IN ADDITION TO OUR CAMPERS, WOLFE'S NECK IS A KEY CONTRIBUTOR TO THE COMMUNITY OFFERING ONGOING EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR ALL AGES.
FARM-BASED ENVIRONMENTAL EDUCATION - WE HOST ENGAGING AND INTERACTIVE EXPERIMENTAL EDUCATION PROGRAMMING THROUGHOUT THE YEAR. THESE PROGRAMS INCLUDE A SUMMER DAY CAMP, FIELD TRIPS AND FARM SCHOOL, TEEN AGRICULTURAL CREW, WALK-ON PROGRAMS FOR CASUAL VISITORS, AND SEASONAL EVENTS DESIGNED TO CONNECT PEOPLE OF ALL AGES TO SUSTAINABLE AGRICULTURE, FOOD, AND NATURE.
FARMER TRAINING - THE INITIATIVE IS AIMED AT TRAINING THE NEXT GENERATION OF ORGANIC DAIRY FARMERS. THIS INITIATIVE WAS FUNDED, IN PART, BY A GRANT MADE IN 2014 BY STONYFIELD ORGANICS AND THEIR PARENT COMPANY AT THE TIME, DANONE. ADDITIONALLY, THE ORGANIZATION HAS ESTABLISHED A FORMAL APPRENTICE PROGRAM FOCUSED ON BEST FARMING PRACTICES IN VEGETABLE AND FRUIT PRODUCTION.
AGRICULTURE - WE STRIVE TO DEMONSTRATE, PRACTICE, AND EDUCATE OUR COMMUNITY.OTHER PROGRAM SERVICES - EXPENSES - $572,207, REVENUE - $113,138RESEARCH: EXPENSES - $2,186,762ALL OTHER PROGRAM EXPENSES - $52,025, REVENUE - $154,160
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorn Cox Employee | 40 | $130,000 | |
David Herring Executive Director | Officer | 40 | $110,180 |
Laura Gilmer Employee | 40 | $101,939 | |
Timothy Griffin Vice President | OfficerTrustee | 1 | $0 |
Raina Maxwell Treasurer | OfficerTrustee | 1 | $0 |
Lee Schepps President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,812 |
| Fundraising events | $102,120 |
| Related organizations | $0 |
| Government grants | $321,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,251,381 |
| Noncash contributions included in lines 1a–1f | $2,994 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,707,177 |
| Total Program Service Revenue | $1,907,598 |
| Investment income | $11,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$124,875 |
| Net Gain/Loss on Asset Sales | -$70,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $150,830 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,656,149 |
| 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. | $93,168 |
| Compensation of current officers, directors, key employees. | $11,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,609,133 |
| Pension plan accruals and contributions | $17,895 |
| Other employee benefits | $162,119 |
| Payroll taxes | $130,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,910 |
| Fees for services: Accounting | $20,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,526 |
| Fees for services: Other | $49,158 |
| Advertising and promotion | $9,461 |
| Office expenses | $27,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,910 |
| Insurance | $42,457 |
| All other expenses | $243,781 |
| Total functional expenses | $4,852,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,757,627 |
| Savings and temporary cash investments | $111,977 |
| Pledges and grants receivable | $237,961 |
| Accounts receivable, net | $54,774 |
| 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 | $9,692 |
| Net Land, buildings, and equipment | $7,741,201 |
| Investments—publicly traded securities | $772,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $57,966 |
| Other assets | $1,444,665 |
| Total assets | $12,188,100 |
| Accounts payable and accrued expenses | $178,325 |
| Grants payable | $0 |
| Deferred revenue | $25,674 |
| 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 | $132,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,026 |
| Total liabilities | $424,595 |
| Net assets without donor restrictions | $10,225,334 |
| Net assets with donor restrictions | $1,538,171 |
| 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 | $12,188,100 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Wolfes Neck Farm Foundation Inc has recieved totaling $1,042,771.
| Awarding Organization | Amount |
|---|---|
Wal-Mart Foundation Bentonville, AR PURPOSE: NATURE | $730,000 |
Cedar Tree Foundation Inc Boston, MA PURPOSE: PROJECT SUPPORT FOR NEW ENGLAND GRAZING NETWORK | $125,000 |
Cedar Tree Foundation Inc Boston, MA PURPOSE: PROJECT SUPPORT FOR NEW ENGLAND GRAZING NETWORK | $125,000 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Food Agriculture Nutrition | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolfes Neck Farm Foundation Inc Freeport, ME | $12,188,100 | $5,656,149 |
Francis T & Louise T Nichols Foundation Bangor, ME | $18,153,366 | $3,236,435 |
Horizon Foundation Inc Portland, ME | $24,987,883 | $2,103,553 |
Burns Family Foundation Inc Damariscotta, ME | $7,389,840 | $428,121 |
Information Technology Exchange Searsport, ME | $1,439,216 | $1,322,404 |
Positive Tracks Inc Hanover, NH | $788,895 | $936,477 |
Land Conservation Assistance Network Yarmouth, ME | $35,022 | $631,077 |
Krempels Center Portsmouth, NH | $1,041,013 | $734,120 |
Watermans Community Center North Haven, ME | $3,096,274 | $570,258 |
Charitable Division Of The Rotary Club Of Portsmouth New Hampshire Portsmouth, NH | $3,205,504 | $502,112 |
Islesboro Islands Trust Islesboro, ME | $4,486,881 | $831,070 |
Hine Corporation Scarborough, ME | $1,274,954 | $334,482 |