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Nonprofiteer
← MASSACHUSETTS FARM BUREAU PRESERVATION FOUNDATION INC

Form 990 for tax year 2022

Filed by MASSACHUSETTS FARM BUREAU PRESERVATION FOUNDATION INC.

Totals

Total revenue
$9,313
Total expenses
$22,593
Contributions and grants received
$0
Grants paid
$9,000
Program service revenue
$0
Investment income
$9,313
Other revenue
$0
Total assets, end of year
$671,232
Total liabilities, end of year
$9,000
Net assets or fund balances, end of year
$662,232
Program services expenses (Part IX)
$16,236
Management and general expenses
$6,357
Fundraising expenses
$0
Program service expenses (Part III)
$16,236

Program services were 71.9% 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.

  • 3 · Investment income

    total $4,742 · excluded $4,742

  • 7a · Gross sales of assets other than inventory

    securities $18,705

  • 7b · Less cost or other basis and sales expenses

    securities $14,134

  • 7c · Gain or loss

    securities $4,571

  • 7d · Net gain or loss

    total $4,571 · excluded $4,571

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,000 · program services $9,000

  • 11b · Fees: legal

    total $5,850 · program services $5,850

  • 11c · Fees: accounting

    total $2,446 · management and general $2,446

  • 11f · Fees: investment management

    total $3,696 · management and general $3,696

  • 13 · Office expenses

    total $498 · program services $318 · management and general $180

  • 16 · Occupancy

    total $1,068 · program services $1,068

  • 24a · Other expenses: State fees

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,237 · end of year $7,339

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

    $206,200

  • 10c · Land, buildings and equipment, net

    beginning of year $206,200 · end of year $206,200

  • 11 · Investments: publicly traded securities

    beginning of year $406,219 · end of year $457,693

  • 17 · Accounts payable and accrued expenses

    end of year $9,000

  • 27 · Net assets without donor restrictions

    beginning of year $215,744 · end of year $205,846

  • 28 · Net assets with donor restrictions

    beginning of year $413,912 · end of year $456,386

Mission and programs · 2022

Mission

Preservation of agricultural land.

  • Acquisition, administration, and disposition of agricultural preservation restrictions, conservation restrictions, and related covenants and easements.

    Expenses $7,236

  • Farmer assistance grants.

    Expenses $9,000 · Grants $9,000

As filed on the 2022 return.

Listed in Part VII

  • Warren Shaw

    President

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Wayne Smith

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Karen Schwalbe

    Clerk

    Total calculated
    $86,667
    From this org
    $0
    From related orgs
    $86,667
    Other
    $0
    Hours/week
    2 + 38 related

  • Charles Proctor

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mark Amato

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ryan MacKay

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202431299349304318

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