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Nonprofiteer
← SOUTH FORK LAND FOUNDATION INC

Form 990 for tax year 2024

Filed by SOUTH FORK LAND FOUNDATION INC.

Totals

Total revenue
$73,521
Total expenses
$25,923
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$29,950
Investment income
$43,571
Other revenue
$0
Total assets, end of year
$7,032,008
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,032,008
Program services expenses (Part IX)
$18,556
Management and general expenses
$7,367
Fundraising expenses
$0
Program service expenses (Part III)
$18,556

Program services were 71.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $29,950 · related or exempt $29,950

  • 3 · Investment income

    total $32,329 · related or exempt $32,329

  • 7a · Gross sales of assets other than inventory

    other assets $11,242

  • 7c · Gain or loss

    other assets $11,242

  • 7d · Net gain or loss

    total $11,242 · related or exempt $11,242

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,199 · program services $8,199

  • 11c · Fees: accounting

    total $2,050 · management and general $2,050

  • 22 · Depreciation, depletion and amortization

    total $2,592 · program services $2,592

  • 23 · Insurance

    total $1,591 · management and general $1,591

  • 24a · Other expenses: SURVEYING

    total $4,500 · program services $4,500

  • 24b · Other expenses: DUES

    total $3,300 · management and general $3,300

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $2,200 · program services $2,200

  • 24d · Other expenses: REAL ESTATE TAXES

    total $1,065 · program services $1,065

  • 24e · All other expenses

    total $426 · management and general $426

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,903 · end of year $54,698

  • 2 · Savings and temporary cash investments

    beginning of year $217,387 · end of year $187,566

  • 10a · Land, buildings and equipment: cost or other basis

    $46,383

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,513

  • 10c · Land, buildings and equipment, net

    beginning of year $28,462 · end of year $40,870

  • 12 · Investments: other securities

    beginning of year $525,698 · end of year $568,119

  • 15 · Other assets

    beginning of year $6,180,755 · end of year $6,180,755

  • 27 · Net assets without donor restrictions

    beginning of year $5,025,204 · end of year $5,082,007

  • 28 · Net assets with donor restrictions

    beginning of year $1,950,001 · end of year $1,950,001

Mission and programs · 2024

Mission

PRESERVATION OF FARMLAND AND OPEN SPACES

  • WORK WITH LANDOWNERS TO PRESERVE FARMLAND AND OPEN SPACE. LEASE FARMLAND TO FARMERS. CONTRIBUTE TO THE SUPPORTED ORGANIZATION TO FULFILL MUTUAL GOAL OF THE PRESERVATION OF WORKING FARMS.

    Expenses $18,556 · Revenue $29,950

As filed on the 2024 return.

Listed in Part VII

  • William Babinski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Erwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adam Halsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David McMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alex Balsam

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lee Foster

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Halsey

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    2

  • Melanie Tebbens

    TREASURER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
22 January 2026
IRS schema version
2024v5.0
Source object
202640289349301049

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