Lundale Farm Inc
- Assets
- $7.3m
- Revenue
- $296.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Kimberton, PA
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 27-3065409
Organization Overview
Lundale Farm Inc is located in Kimberton, PA. The organization was established in 2010. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lundale Farm 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 06/2022, Lundale Farm Inc generated $296.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $296.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
- CREATE AND SUPPORT DIVERSE, SUSTAINABLE FARMING, FORESTRY AND AGROFORESTRY OPERATIONS ON CONSERVED FARM AND FORESTRY LAND - PROVIDE EDUCATIONAL PROGRAMS ON SUSTAINABLE FARMING AND FORESTRY OPERATIONS - PROVIDE ORGANIZATIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE TO ORGANIZATIONS AND LANDOWNERS ON SUSTAINABLE FARMING AND FORESTRY ON UNDERUTILIZED OPEN SPACE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becki Patterson Executive Di | 40 | $4,269 | |
Vincent Pompo President | 5 | $0 | |
Jeannine Stuart Vice Preside | 5 | $0 | |
Robin Spurlino Secretary | 5 | $0 | |
Pamela Hicks Treasurer | 5 | $0 | |
Jeff Gorham Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,743 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,689 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,978 |
| Capital Gain Net Income | $59,978 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $122,560 |
| Total Revenue | $295,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,269 |
| Other employee salaries and wages | $54,985 |
| Pension plans, employee benefits | $7,238 |
| Interest | $0 |
| Taxes | $31,266 |
| Depreciation | $60,263 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,356 |
| Other expenses | $104,656 |
| Total operating and administrative expenses | $296,552 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $296,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,877 |
| Savings and temporary cash investments | $80,356 |
| Net Accounts receivable | $20,050 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $481,706 |
| Net Land, buildings, and equipment | $5,205,433 |
| Other assets | $0 |
| Total assets | $7,331,422 |
| Accounts payable and accrued expenses | $20,969 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,751 |
| Total liabilities | $22,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lands At Hillside Farms Shavertown, PA | $11,516,435 | $4,464,384 |
Lundale Farm Inc Kimberton, PA | $7,331,422 | $295,970 |
Georgia Farm Foundation Philadelphia, PA | $3,874,346 | $102,253 |
Concord Grape Belt Heritage Association Inc Westfield, NY | $991,530 | $113,166 |
Whipple Heritage Conservation Foundation Inc Carmel, NY | $2,570,869 | $106,473 |
Friends Of The Farm Northport Inc Northport, NY | $76,969 | $93,840 |
Ohio Land Improvement Contractors Association Leipsic, OH | $332,951 | $0 |
Conrad Botzum Farmstead Akron, OH | $355,426 | $0 |
Philadelphia Society For Promoting Agriculture Bryn Mawr, PA | $524,918 | $67,123 |
Cecil County Farm Museum & Regional Agricultural Center Inc Elkton, MD | $474,472 | $0 |
Fairmount Heights Cdc Fairmount Heights, MD | $59,308 | $0 |
Calvert Farmland Trust Inc Prince Frederick, MD | $1,075,622 | $6,331 |
Centre Township Land Protection Foundation Mohrsville, PA | $92,960 | $0 |
Njalt Trenton, NJ | $26,457 | $0 |
Patroon Land Foundation Inc East Berne, NY | $195,259 | $1,300 |
Harmaleah Farm Foundation Spring City, PA | $0 | $1 |