Law-Reed-Huss Farm Foundation
- Assets
- $2.4m
- Revenue
- $86.2k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wayland, MA
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 34-1941030
Organization Overview
Law-Reed-Huss Farm Foundation is located in Wayland, MA. The organization was established in 2001. 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. Law-Reed-Huss Farm Foundation 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 12/2023, Law-Reed-Huss Farm Foundation generated $86.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $88.8k during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF FARM EDUCATION AND PRESERVE HISTORICALLY APPROPRIATE FARM PROPERTIES FOR THE ENJOYMENT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad L Hillyer Trustee | 1 | $0 | |
William R Huss Executive Director | 4 | $0 | |
Dorothy V Huss Trustee | 1 | $0 | |
Mitch Edie Trustee | 1 | $0 | |
Wendy Zucal Trustee | 1 | $0 | |
Elena Allman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,935 |
| Dividends & Interest | $66,348 |
| Net Rental Income | -$32,908 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,598 |
| Depreciation | $7,776 |
| Occupancy | $36,483 |
| Travel, conferences, and meetings | $5,520 |
| Printing and publications | $0 |
| Other expenses | $11,927 |
| Total operating and administrative expenses | $71,969 |
| Contributions, gifts, grants paid | $16,817 |
| Total expenses and disbursements | $88,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,010 |
| Savings and temporary cash investments | $92,551 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $361,847 |
| Other assets | $0 |
| Total assets | $2,377,114 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |