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Nonprofiteer
← WOLFES NECK FARM FOUNDATION INC

Form 990 for tax year 2024

Filed by WOLFES NECK FARM FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 14 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$9,703,519
Total expenses
$9,100,588
Contributions and grants received
$8,080,660
Grants paid
$0
Program service revenue
$1,824,200
Investment income
-$18,075
Other revenue
-$183,266
Total assets, end of year
$18,608,937
Total liabilities, end of year
$4,724,004
Net assets or fund balances, end of year
$13,884,933
Program services expenses (Part IX)
$8,067,586
Management and general expenses
$598,137
Fundraising expenses
$434,865
Program service expenses (Part III)
$8,067,586

Program services were 88.6% 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.

  • 1b · Membership dues

    $24,210

  • 1c · Fundraising events

    $216,909

  • 1f · All other contributions, gifts and grants

    $7,839,541

  • 1g · Noncash contributions included above

    $4,038

  • 2a · Program service revenue: Visitor Services

    total $1,136,201 · related or exempt $1,136,201

  • 2b · Program service revenue: Environmental Education

    total $445,383 · related or exempt $445,383

  • 2c · Program service revenue: Organic Dairy

    total $138,428 · related or exempt $138,428

  • 2d · Program service revenue: Agriculture

    total $104,188 · related or exempt $104,188

  • 3 · Investment income

    total $14,217 · excluded $14,217

  • 6a · Gross rents

    real property $139,096

  • 6b · Less rental expenses

    real property $487,765

  • 6c · Rental income or loss

    real property -$348,669

  • 6d · Net rental income or loss

    total -$348,669 · excluded -$348,669

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

    other assets $32,292

  • 7c · Gain or loss

    other assets -$32,292

  • 7d · Net gain or loss

    total -$32,292 · related or exempt -$32,292

  • 8a · Fundraising events: gross income

    $35,410

  • 8a · Fundraising events: contributions included on line 1c

    $216,909

  • 8b · Fundraising events: direct expenses

    $35,410

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $241,702

  • 10b · Cost of goods sold

    $154,451

  • 10c · Net income from sales of inventory

    total $87,251 · related or exempt $87,251

  • 11a · Other revenue: Miscellaneous Income

    total $77,852 · related or exempt $77,852

  • 11b · Other revenue: Licensing Fee Income

    total $300 · related or exempt $300

  • 11e · Other revenue, total

    $78,152

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $90,981 · program services $73,821 · management and general $9,579 · fundraising $7,581

  • 7 · Other salaries and wages

    total $3,148,392 · program services $2,554,582 · management and general $331,483 · fundraising $262,327

  • 8 · Pension plan contributions

    total $58,980 · program services $47,856 · management and general $6,210 · fundraising $4,914

  • 9 · Other employee benefits

    total $314,741 · program services $255,378 · management and general $33,138 · fundraising $26,225

  • 10 · Payroll taxes

    total $245,476 · program services $199,178 · management and general $25,845 · fundraising $20,453

  • 11b · Fees: legal

    total $13,857 · program services $6,335 · management and general $7,027 · fundraising $495

  • 11c · Fees: accounting

    total $42,093 · program services $19,244 · management and general $21,347 · fundraising $1,502

  • 11f · Fees: investment management

    total $5,435 · program services $2,155 · management and general $3,112 · fundraising $168

  • 11g · Fees: other

    total $112,540 · program services $51,450 · management and general $57,072 · fundraising $4,018

  • 12 · Advertising and promotion

    total $28,056 · program services $3,471 · management and general $61 · fundraising $24,524

  • 13 · Office expenses

    total $91,878 · program services $78,953 · management and general $9,620 · fundraising $3,305

  • 16 · Occupancy

    total $233,051 · program services $219,356 · management and general $13,695

  • 20 · Interest

    total $72,974 · program services $31,864 · management and general $27,066 · fundraising $14,044

  • 22 · Depreciation, depletion and amortization

    total $387,922 · program services $338,852 · management and general $29,657 · fundraising $19,413

  • 23 · Insurance

    total $42,797 · program services $34,778 · management and general $6,928 · fundraising $1,091

  • 24a · Other expenses: Research Expenses

    total $3,383,501 · program services $3,383,501

  • 24b · Other expenses: Employee Expenses

    total $251,883 · program services $247,316 · management and general $3,723 · fundraising $844

  • 24c · Other expenses: Repairs & Maintenance

    total $150,588 · program services $150,588

  • 24d · Other expenses: Livestock

    total $125,119 · program services $125,119

  • 24e · All other expenses

    total $300,324 · program services $243,789 · management and general $12,574 · fundraising $43,961

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $584,425 · end of year $1,524,313

  • 2 · Savings and temporary cash investments

    beginning of year $2,205,364 · end of year $2,104,884

  • 3 · Pledges and grants receivable

    beginning of year $500,651 · end of year $405,507

  • 4 · Accounts receivable

    beginning of year $11,148 · end of year $20,591

  • 9 · Prepaid expenses and deferred charges

    beginning of year $111,236 · end of year $80,719

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

    $15,889,661

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

    $2,297,277

  • 10c · Land, buildings and equipment, net

    beginning of year $13,802,603 · end of year $13,592,384

  • 11 · Investments: publicly traded securities

    beginning of year $687,806 · end of year $733,322

  • 14 · Intangible assets

    beginning of year $47,535 · end of year $41,880

  • 15 · Other assets

    beginning of year $93,630 · end of year $105,337

  • 17 · Accounts payable and accrued expenses

    beginning of year $781,500 · end of year $640,779

  • 19 · Deferred revenue

    beginning of year $402,424 · end of year $407,985

  • 23 · Secured mortgages and notes payable

    beginning of year $3,393,503 · end of year $3,307,665

  • 25 · Other liabilities

    beginning of year $251,623 · end of year $367,575

  • 27 · Net assets without donor restrictions

    beginning of year $9,994,792 · end of year $10,221,671

  • 28 · Net assets with donor restrictions

    beginning of year $3,220,556 · end of year $3,663,262

Mission and programs · 2024

Mission

The mission of Wolfe's Neck Center for Agriculture & The Environment is to transform our relationship with farming and food for a healthier planet.

Activities or mission (Part I)

To transform our relationship with farming and food for a healthier planet.

  • Visitor Services - Wolfe's Neck Center, oceanfront camping has been an integral part of Wolfe's Neck for over 50 years. While enjoying the camping experiences, guests may enjoy many opportunities to learn about food and farming and building connections to the natural environment. The farm is open year-round and in addition to our campers, Wolfe's Neck is a key contributor to the community offering ongoing educational and recreational opportunities for all ages.

    Expenses $1,455,846 · Revenue $1,136,201

  • Farm-based environmental education - We host engaging and interactive experimental education programming throughout the year. These programs include a summer day camp, field trips and farm school, walk-on programs for casual visitors, and seasonal events designed to connect people of all ages to sustainable agriculture, food, and nature.

    Expenses $2,979 · Revenue $445,383

  • Farmer Training and Technical Assistance - The initiative is aimed at training the next generation of organic dairy farmers. This program is offered in partnership with Dairy Grazing Apprenticeship. Additionally, the organization has established a formal apprentice program focused on best farming practices in vegetable and fruit production.

    Expenses $512,141 · Revenue $138,428

  • Agriculture - we strive to demonstrate, practice, and educate our community.Other program services - Expenses - $237,577, Revenue - $104,188Research: Expenses - $5,676,873All other program expenses - $182,170 Revenue - $133,111

    Expenses $6,096,620 · Revenue $237,299

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Intraversato

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anna Lerner Nesbitt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clemson Smith-Muniz

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Bennell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Carville

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Megan Hellstedt

    President

    Total calculated
    $0
    Hours/week
    1

  • Sarah Zimman

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Susana Hancock

    Director

    Total calculated
    $0
    Hours/week
    1

  • Timothy Griffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Kelly

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Triplett Kise

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tucker Lannon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vivi Stevenson Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Herring

    Executive Director

    Total calculated
    $122,538
    From this org
    $98,245
    From related orgs
    $0
    Other
    $24,293
    Hours/week
    40

  • Dorn Cox

    Employee

    Total calculated
    $153,245
    From this org
    $153,245
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,245
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,245

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
9 November 2025
IRS schema version
2024v5.2
Source object
202523149349302857

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