Civic Intelligence

Biodynamic Farmland Conservation Trust Inc.

990 • Fiscal year 2015 • EIN 22-2870508

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 04, 2016

24 Hulst Road PO Box 227Amherst, MA 01004

(413) 253-7991

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.44x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

0.89x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

47th percentile

2.1%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$52,200

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

50th percentile

1.0%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-1.5%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$902,054

Up $9,289 (+1.0%) from 2014

Net Assets

Up

$508,072

Up $9,247 (+1.9%) from 2014

Liabilities

Up

$393,982

Up $42 (+0.0%) from 2014

Revenue

Down

$443,755

Down $6,725 (-1.5%) from 2014

Expenses

Up

$434,508

Up $4,854 (+1.1%) from 2014

Net Income

Down

$9,247

Down $11,579 (-56%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $860,456Liabilities 2010: $469,763Net Assets 2010: $390,6932010Assets 2011: $916,186Liabilities 2011: $455,420Net Assets 2011: $460,7662011Assets 2012: $900,911Liabilities 2012: $434,297Net Assets 2012: $466,6142012Assets 2013: $897,940Liabilities 2013: $419,941Net Assets 2013: $477,9992013Assets 2014: $892,765Liabilities 2014: $393,940Net Assets 2014: $498,8252014Assets 2015: $902,054Liabilities 2015: $393,982Net Assets 2015: $508,0722015Assets 2016: $875,113Liabilities 2016: $369,690Net Assets 2016: $505,4232016Assets 2017: $860,983Liabilities 2017: $368,875Net Assets 2017: $492,1082017Assets 2018: $842,941Liabilities 2018: $349,676Net Assets 2018: $493,2652018Assets 2019: $920,661Liabilities 2019: $437,663Net Assets 2019: $482,9982019Assets 2020: $959,319Liabilities 2020: $469,505Net Assets 2020: $489,8142020Assets 2021: $1,421,945Liabilities 2021: $349,382Net Assets 2021: $1,072,5632021Assets 2022: $1,464,796Liabilities 2022: $330,304Net Assets 2022: $1,134,4922022Assets 2023: $1,443,126Liabilities 2023: $294,490Net Assets 2023: $1,148,6362023Assets 2024: $1,511,744Liabilities 2024: $284,239Net Assets 2024: $1,227,5052024

Highlighted filing

2015

Assets$902,054
Liabilities$393,982
Net Assets$508,072

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $369,8372010Expenses 2011: $367,6662011Expenses 2012: $407,7142012Revenue 2013: $422,243Expenses 2013: $410,858Net Income 2013: $11,3852013Revenue 2014: $450,480Expenses 2014: $429,654Net Income 2014: $20,8262014Revenue 2015: $443,755Expenses 2015: $434,508Net Income 2015: $9,2472015Revenue 2016: $446,963Expenses 2016: $449,612Net Income 2016: -$2,6492016Revenue 2017: $474,586Expenses 2017: $487,901Net Income 2017: -$13,3152017Revenue 2018: $474,788Expenses 2018: $473,631Net Income 2018: $1,1572018Revenue 2019: $444,845Expenses 2019: $455,112Net Income 2019: -$10,2672019Revenue 2020: $497,884Expenses 2020: $491,068Net Income 2020: $6,8162020Revenue 2021: $1,061,040Expenses 2021: $478,291Net Income 2021: $582,7492021Revenue 2022: $562,473Expenses 2022: $500,387Net Income 2022: $62,0862022Revenue 2023: $586,180Expenses 2023: $572,036Net Income 2023: $14,1442023Revenue 2024: $725,512Expenses 2024: $646,643Net Income 2024: $78,8692024

Highlighted filing

2015

Revenue$443,755
Expenses$434,508
Net Income$9,247
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 4, 2016
Return Version
2015v2.1
Gross Receipts
$443,755
Mission and Program Overview

Mission

Community supported / environmentally healthy farming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$783,795$782,887▼ $908
Cash and Non-Interest-Bearing Accounts$79,406$90,866▲ $11,460
Accounts Receivable$19,822$20,221▲ $399
Intangible Assets$6,791$6,392▼ $399
Prepaid Expenses and Deferred Charges$2,951$1,688▼ $1,263
Total Assets$892,765$902,054▲ $9,289
Liabilities
Mortgage Notes Payable Secured by Investment Property$327,160$314,986▼ $12,174
Deferred Revenue$53,786$59,105▲ $5,319
Accounts Payable and Accrued Expenses$12,994$19,891▲ $6,897
Total Liabilities$393,940$393,982▲ $42
Net Assets / Fund Balance
Unrestricted Net Assets$491,325$500,572▲ $9,247
Temporarily Rstr Net Assets$7,500$7,500→ $0
Total Net Assets Fund Balance$498,825$508,072▲ $9,247
Total Liabilities and Net Assets / Fund Balance$892,765$902,054▲ $9,289

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$435,169$162,789$597,958
Land$200,507-$200,507
Equipment$75,869$120,194$196,063
Other Land Buildings$53,378$93,504$146,882
Leasehold Improvements$17,964$74,893$92,857
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daniel KaplanGeneral ManagerFT$52,200$52,200

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$19,308
Program Service Revenue
$424,408
Investment Income
$39
Other Revenue
$0
All Other Contributions
$19,308
Change in Net Assets
$9,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$258,733
Salaries, Compensation, and Employee Benefits$175,775
Total Fundraising Expense$306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,127--$75,127
Current Officers, Directors, Trustees, and Key Employees$58,395--$58,395
Depreciation Depletion$57,800--$57,800
All Other Expenses$20,973$9,556$306$30,835
Other Employee Benefits$29,634--$29,634
Interest$17,120--$17,120
Other Expenses$11,930$1,778-$13,708
Occupancy$12,443--$12,443
Payroll Taxes$10,618--$10,618
Fees for Services Other-$8,200-$8,200
Insurance-$7,135-$7,135
Advertising-$4,120-$4,120
Fees for Services Accounting-$3,500-$3,500
Pension Plan Contributions$2,001--$2,001
Total Functional Expenses$399,913$34,289$306$434,508
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A copy of the form 990 is made available to the board of directors by management.

Form 990, Part VI, Section B, Line 15A

The board of directors votes on and approves the general manager's salary annually

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Biodynamic Farmland Conservation
EIN
22-2870508
Phone
4132537991
Address
24 HULST ROAD PO BOX 227, AMHERST, MA 01004

Signing Officer

Name
Philip Pettit
Title
Treasurer
Phone
4132537991
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Pettit
Formed
1987
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
35
Volunteers
0

Preparer

Firm
Boisselle Morton & Wolkowicz Llp
Address
48 BAY ROAD PO BOX 374, HADLEY, MA 01035
Preparer
Joseph P Wolkowicz CPA
Phone
4135870099
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization's process of review of accounting work and selection of independent accountant has not changed since last reporting period.

Financial Statement Notes

PART X, LINE 2:

Management has not identified any uncertain tax positions and, therefore, no liability has been recorded in the financial statements. The organization's income tax filings are subject to audit by the internal revenue service. The organization's open audit periods are 2013-2015.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0360746
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt087228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt079102
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt076928
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0162789
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS AND, THEREFORE, NO LIABILITY HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE 2013-2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS BY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS VOTES ON AND APPROVES THE GENERAL MANAGER'S SALARY ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PROCESS OF REVIEW OF ACCOUNTING WORK AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE LAST REPORTING PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
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IRS990/SignificantChangeInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalVolunteersCnt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt024 HULST ROAD PO BOX 227
IRS990/USAddress/CityNm0AMHERST

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.28$1.23$0.73$0.65$0.08
2023Summary only. Only limited summary data is available for this year.$1.44$0.29$1.15$0.59$0.57$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.33$1.13$0.56$0.50$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.35$1.07$1.06$0.48$0.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.47$0.49$0.50$0.49$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.44$0.48$0.44$0.46$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.35$0.49$0.47$0.47$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.37$0.49$0.47$0.49$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.37$0.51$0.45$0.45$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.39$0.51$0.44$0.43$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.39$0.50$0.45$0.43$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.42$0.48$0.42$0.41$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.43$0.47$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.46$0.46$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.47$0.39$0.37