Future Harvest Inc
- Assets
- $1.6m
- Revenue
- $615.5k
- Investments
- $26.3k
- Employees
- 13
- Location
- Cockeysville, MD
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 52-2132982
Organization Overview
Future Harvest Inc is located in Cockeysville, MD. The organization was established in 1999. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Future Harvest Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Harvest 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, Future Harvest Inc generated $615.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $827.4k during the year ending 12/2021. While expenses have increased by 9.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TO ADVANCE AGRICULTURE THAT SUSTAINS THE CHESAPEAKE REGION'S FARMERS, COMMUNITIES, AND ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION, NETWORKING, AND ADVOCACY TO HELP BUILD A SUSTAINABLE CHESAPEAKE FOODSHED, WHERE FOOD FLOWS FROM FARM AND FISHERY TO TABLE IN WAYS THAT STRENGTHEN FARMING AND THE REGIONAL FOOD ECONOMY; PROTECT OUR LAND, WATER, AND AIR; AND PROVIDE HEALTHY, NUTRITIOUS FOOD THAT SUSTAINS THE REGIONS COMMUNITIES AND CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariette Hiu Newcomb Secretary | OfficerTrustee | 2 | $0 |
Steven Jones President | OfficerTrustee | 2 | $0 |
Thomas Croghan Vice President | OfficerTrustee | 2 | $0 |
Tope Fajingbesi Treasurer | OfficerTrustee | 2 | $0 |
Edwin Remsberg Member | Trustee | 2 | $0 |
Shelley Rae Rudick Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,436 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $257,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,549 |
| Noncash contributions included in lines 1a–1f | $7,843 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $546,347 |
| Total Program Service Revenue | $67,133 |
| Investment income | $200 |
| 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 | $615,549 |
| 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. | $74,999 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $369,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,981 |
| Payroll taxes | $33,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,127 |
| Advertising and promotion | $0 |
| Office expenses | $6,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $400 |
| Travel | $6,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369 |
| Insurance | $4,799 |
| All other expenses | $13,824 |
| Total functional expenses | $827,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,660 |
| Savings and temporary cash investments | $862,309 |
| Pledges and grants receivable | $122,631 |
| 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 | $769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,638,711 |
| Accounts payable and accrued expenses | $129,719 |
| Grants payable | $0 |
| Deferred revenue | $25,371 |
| 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 | $155,090 |
| Net assets without donor restrictions | $676,763 |
| Net assets with donor restrictions | $806,858 |
| 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 | $1,638,711 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Future Harvest Inc has recieved totaling $51,011.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Agricultural Programs | $25,000 |
Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Frederick Henry Prince Testamentary Trust Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Science In The Public Interest Washington, DC | $21,632,992 | $14,159,324 |
Food & Water Watch Washington, DC | $17,415,353 | $21,548,788 |
Usa Rice Federation Arlington, VA | $4,688,189 | $12,520,388 |
Weston A Price Foundation Washington, DC | $3,416,084 | $2,920,294 |
American Farm Bureau Foundation For Agriculture Washington, DC | $5,885,350 | $1,943,434 |
Center For Plant Science And Health Haymarket, VA | $259,847 | $1,749,213 |
Feed The Truth Inc Washington, DC | $256,741 | $1,252,361 |
Socially Responsivle Agriculture Project Inc Claymont, DE | $1,594,540 | $2,505,883 |
Committee On Sustainability Assessment Philadelphia, PA | $5,680,517 | $5,773,090 |
Future Harvest Inc Cockeysville, MD | $1,638,711 | $615,549 |
Crop Life Foundation Inc Arlington, VA | $119,484 | $0 |
Excellence Through Stewardship Washington, DC | $265,994 | $450,000 |