Coonamessett Farm Foundation Inc
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 17
- Location
- East Falmouth, MA
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-2645719
Organization Overview
Coonamessett Farm Foundation Inc is located in East Falmouth, MA. The organization was established in 2009. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2021, Coonamessett Farm Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coonamessett Farm 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, Coonamessett Farm Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.4m 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
COONAMESSETT FARM FOUNDATION IS DEDICATED TO THE RESPONSIBLE STEWARDSHIP AND MAINTENANCE OF THE BIODIVERSITY OF OUR PLANET. OUR PURPOSE IS THE DEVELOPMENT AND TRANSFER OF APPROPRIATE TECHNOLOGY IN SUPPORT OF FARMING AND FISHING COMMUNITIES THAT ARE ENVIRONMENTALLY SOUND, SOCIALLY EQUITABLE, ECONOMICALLY FEASIBLE, AND COMPATIBLE WITH A SUSTAINABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PARTICIPATES IN THE RESEARCH SET-ASIDE (RSA) PROGRAM. RSA PROGRAMS PROVIDE A MECHANISM TO FUND RESEARCH AND COMPENSATE VESSEL OWNERS PARTICIPATING IN RESEARCH THROUGH THE SALE OF FISH HARVESTED UNDER A RESEARCH QUOTA THAT HAS BEEN SET ASIDE FROM THE OVERALL CATCH. THE RSA'S PROGRAM'S AIM IS TO FURTHER THE UNDERSTANDING OF OUR NATION'S FISHERIES, ENHANCE INFORMATION FOR MANAGEMENT OF FISHERIES ,AND TO FOSTER COLLABORATIONS BETWEEN MARINE FISHERIES INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Almeida President | OfficerTrustee | 1 | $0 |
Ronald Smolowitz Treasurer | OfficerTrustee | 20 | $0 |
Kristin Abbott Clerk | OfficerTrustee | 1 | $0 |
Kenneth Doherty Director | Trustee | 1 | $0 |
Thomas Azarovitz Director | Trustee | 1 | $0 |
Frank Carotenuto Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $435,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,608,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,043,987 |
| Total Program Service Revenue | $0 |
| Investment income | $1,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,045,162 |
| 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 | $582,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,473 |
| Payroll taxes | $65,449 |
| Fees for services: Management | $189,117 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,267 |
| Advertising and promotion | $0 |
| Office expenses | $27,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,324 |
| Travel | $7,213 |
| 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 | $40,873 |
| Insurance | $13,656 |
| All other expenses | $1,269 |
| Total functional expenses | $1,396,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,499 |
| Savings and temporary cash investments | $1,898,488 |
| 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 | $238,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,190,667 |
| Accounts payable and accrued expenses | $288,750 |
| 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 | $288,750 |
| Net assets without donor restrictions | $1,901,917 |
| 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 | $2,190,667 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Coonamessett Farm Foundation Inc has recieved totaling $365.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $265 |
Baltimore Family Fund Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
350 Org Brooklyn, NY | $16,160,058 | $23,133,635 |
Cary Institute Of Ecosystem Studies Inc Millbrook, NY | $140,518,327 | $15,738,420 |
Ocean Exploration Trust Inc New London, CT | $13,235,771 | $11,787,296 |
Manomet Inc Manomet, MA | $29,230,503 | $4,483,267 |
Center For Coastal Studies Inc Provincetown, MA | $6,273,659 | $5,055,340 |
Specialized Consultative Union For Intergovernmental Organizations In New York, NY | $450 | $4,363,851 |
B Team Headquarters Inc New York, NY | $2,921,981 | $4,389,629 |
Coming Clean Inc Brattleboro, VT | $2,095,168 | $2,728,491 |
Environmental Advocates Ny Inc Albany, NY | $2,612,721 | $2,517,146 |
The Vermont Center For Ecostudies Inc Norwich, VT | $4,694,171 | $4,460,108 |
Coonamessett Farm Foundation Inc East Falmouth, MA | $2,190,667 | $2,045,162 |
Upstate Freshwater Institute Incorporated Syracuse, NY | $1,975,869 | $1,225,312 |