Cloverland Farms Foundation Inc
- Assets
- $844.9k
- Revenue
- $36.8k
- Investments
- $840.0k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 08/1975
- Data as of
- 12/2022
- EIN
- 52-6048093
Organization Overview
Cloverland Farms Foundation Inc is located in Baltimore, MD. The organization was established in 1975. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cloverland Farms 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 12/2022, Cloverland Farms Foundation Inc generated $36.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $53.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cloverland Farms Foundation Inc has awarded 56 individual grants totaling $385,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Kemp President | 0 | $0 | |
John Kemp Co - Vice Pr | 0 | $0 | |
Sandy Kemp Co - Vice Pr | 0 | $0 | |
Josh Wolfe Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96 |
| Dividends & Interest | $23,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,162 |
| Capital Gain Net Income | $13,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,837 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,887 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $53,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125 |
| Savings and temporary cash investments | $3,827 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $844,931 |
| 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 |
Grants Awarded
Over the last fiscal year, Cloverland Farms Foundation Inc has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HAMPDEN FAMILY CENTER PURPOSE: DONATION | $4,500 |
MARYLAND CLUB PRESERVATION FOUND PURPOSE: DONATION | $5,000 |
SIGNAL 13 FOUNDATION INC PURPOSE: DONATION | $10,000 |
LIVING CLASSROOMS TOMORROW PROMISE PURPOSE: DONATION | $30,000 |
MARYLAND STATE SQUASH ASSOCIATION PURPOSE: DONATION | $500 |