Boston Farms Community Land Trust Inc
- Assets
- $228.9k
- Revenue
- $348.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Mattapan, MA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 82-2328676
Organization Overview
Boston Farms Community Land Trust Inc is located in Mattapan, MA. The organization was established in 2019. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Boston Farms Community Land Trust Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Farms Community Land Trust 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, Boston Farms Community Land Trust Inc generated $348.4k in total revenue. All expenses for the organization totaled $197.8k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGING IN THE ECONOMIC DEVELOPMENT OF URBAN AREAS AND TO CREATE ECONOMIC OPPORTUNITIES FOR UNDERPRIVILEGED, UNDERSERVED,OR LOW INCOME RESIDENTS, THE CORPORATION SHALL ENGAGE IN THE DEVELOPMENT AND STEWARDSHIP OF LAND FOR URBAN FARMING AND AROUND URBAN CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGING IN THE ECONOMIC DEVELOPMENT OF URBAN AREAS AND TO CREATE ECONOMIC OPPORTUNITIES FOR UNDERPRIVILEGED, UNDERSERVED,OR LOW INCOME RESIDENTS, THE CORPORATION SHALL ENGAGE IN THE DEVELOPMENT AND STEWARDSHIP OF LAND FOR URBAN FARMING AND AROUND URBAN CENTERS.
M/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Madan Clerk | Trustee | 2 | $0 |
Glynn Llyod Director | Trustee | 2 | $0 |
Laray Brison Director | Trustee | 2 | $0 |
Liana Poston Vice Preside | Trustee | 2 | $0 |
Vidhee Garg Treasurer | Trustee | 2 | $0 |
Apolo Catala Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,979 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,907 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,416 |
| 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 | $114,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,243 |
| Payroll taxes | $21,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,952 |
| Advertising and promotion | $1,556 |
| Office expenses | $2,743 |
| Information technology | $2,466 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,664 |
| Insurance | $1,303 |
| All other expenses | $0 |
| Total functional expenses | $197,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,968 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $950 |
| Total assets | $228,918 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $228,918 |
| 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 | $228,918 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Boston Farms Community Land Trust Inc has recieved totaling $197,228.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: BOSTON FARMS IS SEEKING TO EXPAND THE NUMBER OF FARM SITES IN OUR FOCUS NEIGHBORHOODS OF DORCHESTER, ROXBURY, AND MATTAPAN BY ACQUIRING AND DEVELOPING TWO ADDITIONAL PARCELS AND BRINGING THEM TO STANDARD FOR LEASING TO NEIGHBORHOOD FARMERS. | $70,000 |
Kresge Foundation Troy, MI PURPOSE: TO SUPPORT THE OPERATIONS OF BOSTON FARMS BY PROVIDING AN OPPORTUNITY TO TRANSITION FULLY FROM A VOLUNTEER TO A PAID STAFF NON-PROFIT MODEL AND ENSURING THAT THE ORGANIZATION CAN CONTINUE TO BUILD CAPACITY. | $70,000 |
Three Squares New England Dedham, MA PURPOSE: TO PROVIDE AID TO ASSIST IN BATTLING HUNGER | $42,228 |
Massachusetts Society For Promoting Agriculture Boston, MA PURPOSE: TO SUPPORT THE IMPLEMENTATION OF THE BOSTON FARMS ACQUISITION AND DEVELOPMENT PLAN | $10,000 |
Foley Hoag & Eliot Fdn Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
Eversource Energy Foundation Inc Hartford, CT PURPOSE: SUPPORT FOR THE NEW FARM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Provport Inc Providence, RI | $45,314,013 | $11,716,204 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |