Magnolia Tree Earth Center Of Bedford Stuyvesant Inc
- Assets
- $195.5k
- Revenue
- $81.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 23-7303098
Organization Overview
Magnolia Tree Earth Center Of Bedford Stuyvesant Inc is located in Brooklyn, NY. The organization was established in 1973. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Tree Earth Center Of Bedford Stuyvesant 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, Magnolia Tree Earth Center Of Bedford Stuyvesant Inc generated $81.1k 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 (8.5%) each year. All expenses for the organization totaled $120.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
ENVIROMENTAL EDUCATION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GARDEN - PROMOTES GREEN DEVELOPMENT
COMMUNITY GARDENING AND ENVIORNMENTAL EDUCATION CLASSES
COMMUNITY REVITALIZATION PROJECTS - ESTABLISHING A GREEN BUSINESS TRAINING PROGRAM FOR LOCAL YOUTHS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Wolf Treasurer | Officer | 15 | $0 |
Wayne Devonish Chairman | Officer | 15 | $0 |
Claudette Spence Board Member | Trustee | 2 | $0 |
Jacinta Fenton Treasurer | Trustee | 2 | $0 |
Astor Cousins Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,475 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$33,391 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,084 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,048 |
| 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 | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,425 |
| Insurance | $0 |
| All other expenses | $10,700 |
| Total functional expenses | $120,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,299 |
| 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 | $148,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,514 |
| 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 | $150,000 |
| Other liabilities | $17,210 |
| Total liabilities | $167,210 |
| Net assets without donor restrictions | -$212,319 |
| Net assets with donor restrictions | $240,623 |
| 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 | $195,514 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Magnolia Tree Earth Center Of Bedford Stuyvesant Inc has recieved totaling $41,845.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $21,000 |
In Our Backyards Inc Brooklyn, NY PURPOSE: FUNDING FOR A TIME FOR HEALING - A FUNDRAISER TO BUILD THE CAPACITY OF OUR EARTH AND ITS PEOPLE | $11,945 |
Robert Rauschenberg Foundation New York, NY PURPOSE: BOARD DISCRETIONARY GRANT GENERAL SUPPORT - FOR HATTIE COMMUNITY GARDEN | $5,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $3,900 |
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 |