HOBART AMES FOUNDATION

EIN: 046009940 501(c)(3) Unknown

BOSTON, MA

Total Revenue
$24,629,665
Total Expenses
$3,348,042
Total Assets
$38,481,275
Net Assets
$38,412,732
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
MA
Principal Officer
ROBERT H FREY
Phone
8888663275
Tax Period
2024-01-01 to 2024-12-31

HOBART AMES FOUNDATION, founded in 1949, is a mid-sized nonprofit in the Unknown sector that reported $24.6M in total revenue in fiscal year 2024. Revenue surged 315% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.3M, a strong 86% operating margin.

Mission

THE AMES PLANTATION LOCATED NEAR GRAND JUNCTION, TENNESSEE IS OPERATED FOR SCIENTIFIC & EDUCATIONAL PURPOSES UNDER A COOPERATIVE PROGRAM PLANNED & APPROVED BY THE TRUSTEES AND THE UNIVERSITY OF TENNESSEE.

Program Service Accomplishments

Program 1
Expenses: $3,253,844 Revenue: $1,475,610

RESEARCH AND EDUCATIONAL PROGRAMS AT AMES PLANTATION FOCUS ON THE PRESERVATION, INTERPRETATION, AND UNDERSTANDING OF THE AGRICULTURAL AND CULTURAL HERITAGE OF SOUTHWESTERN TENNESSEE. WORK IS...

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RESEARCH AND EDUCATIONAL PROGRAMS AT AMES PLANTATION FOCUS ON THE PRESERVATION, INTERPRETATION, AND UNDERSTANDING OF THE AGRICULTURAL AND CULTURAL HERITAGE OF SOUTHWESTERN TENNESSEE. WORK IS CONDUCTED UNDER A COOPERATIVE PROGRAM BETWEEN THE AMES PLANTATION TRUSTEES AND THE UNIVERSITY OF TENNESSEE.RESEARCH EFFORTS INCLUDE BEEF CATTLE BIOTECHNOLOGIES, AGRICULTURAL FIELD STUDIES, FORESTRY MANAGEMENT, AND WILDLIFE HABITAT DEVELOPMENT. STUDIES ARE DESIGNED TO IMPROVE PRODUCTION EFFICIENCIES, IMPROVE LAND STEWARDSHIP PRACTICES, ENHANCE SUSTAINABILITY, AND ADVANCE UNDERSTANDING OF RURAL LAND USE IN THE LOWER MISSISSIPPI VALLEY REGION. FINDINGS FROM THESE PROJECTS CONTRIBUTE TO UNIVERSITY RESEARCH PROGRAMS, STATEWIDE EXTENSION OUTREACH, AND PROFESSIONAL TRAINING FOR STUDENTS AND LAND MANAGERS.EDUCATIONAL PROGRAMS AT AMES PLANTATION ARE CENTERED ON CONNECTING THE PUBLIC, STUDENTS, AND RESEARCHERS WITH THE REGION'S HISTORICAL AND ENVIRONMENTAL RESOURCES. SCHOOL FIELD TRIPS AND UNIVERSITY PARTNERSHIPS PROVIDE HANDS-ON LEARNING OPPORTUNITIES IN AGRICULTURE, ARCHAEOLOGY, ECOLOGY, AND HISTORIC PRESERVATION. VISITING STUDENTS LEARN ABOUT AGRICULTURAL PRODUCTION, FOREST CONSERVATION, AND THE LIFESTYLES OF EARLY TENNESSEE SETTLERS THROUGH INTERPRETIVE TOURS AND INTERACTIVE ACTIVITIES.THE AMES PLANTATION ALSO PROVIDES RESEARCH MATERIALS AND SUPPORT FOR SCHOLARS FROM ACADEMIC PROGRAMS ACROSS THE MID-SOUTH AND BEYOND. INSTITUTIONS INCLUDE THE UNIVERSITY OF TENNESSEE, THE UNIVERSITY OF MEMPHIS, RHODES COLLEGE, MISSISSIPPI STATE UNIVERSITY, THE UNIVERSITY OF MISSOURI, AND OTHERS.THE COLLABORATION BETWEEN TALL TIMBERS RESEARCH STATION & LAND CONSERVANCY AND AMES AGRESEARCH AND EDUCATION CENTER (VIA AMES PLANTATION) CENTERS ON RESTORING WILD NORTHERN BOBWHITE QUAIL HABITAT ACROSS THE PLANTATION'S 6,000-ACRE FIELD TRIAL AREA IN GRAND JUNCTION, TENNESSEE. THE PARTNERSHIP APPLIES TALL TIMBERS' DECADES OF EXPERTISE IN PRESCRIBED FIRE AND QUAIL MANAGEMENT TO CREATE OPEN-CANOPY SAVANNA AND GRASS-FORB HABITATS WHERE WILD QUAIL CAN THRIVE, AIMING TO TRANSITION AWAYFROM RELIANCE ON PEN-RAISED BIRDS. LEVERAGING BOTH ORGANIZATIONS' STRENGTHS, THE PROJECT WILL ALSO SERVE AS A REGIONAL DEMONSTRATION AND RESEARCH HUB FOR UPLAND HABITAT MANAGEMENT IN THE MID-SOUTH.THE NATIONAL FIELD TRIAL CHAMPIONSHIP FOR ALL-AGE BIRD DOGS, WHICH BEGAN IN 1896, HAS BEEN HOSTED ANNUALLY ON THE PLANTATION SINCE 1915. RUNNING ON ABOUT 6,000 ACRES, THE USUAL ENTRY OF 42 ENGLISH POINTERS AND/OR ENGLISH SETTERS THAT ARE WINNERS OR PLACERS IN 70 QUALIFYING TRIALS THROUGHOUT THE U.S. COMPETE. SEVERAL THOUSAND FIELD TRIAL ENTHUSIASTS FROM ALL OVER THE WORLD ATTEND THE EVENT EACH YEAR.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,199,767
Program Service Revenue $1,472,610
Investment Income $21,954,288
Other Revenue $3,000
TOTAL REVENUE $24,629,665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,856
Fundraising Expenses $0
Program Expenses $3,253,844
Other Expenses $3,324,186
TOTAL EXPENSES $3,348,042

Year-over-Year Comparison

2024 2023 Change
Revenue $24,629,665 $5,933,865 +3.2%
Expenses $3,348,042 $3,471,114 0.0%
Net Income $21,281,623 $2,462,751 +7.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$3,000
Total Directors
3
$20,856
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT H FREY CO-TRUSTEE 1.00
Director
$6,952 $0 $6,952
MR OLIVER A SPAULDING CO-TRUSTEE 1.00
Director
$6,952 $0 $6,952
AUGUSTA HAYDOCK CO-TRUSTEE 1.00
Director
$6,952 $0 $6,952
MATTHEW BACKUS PLANTATION MANAGER 1.00
Officer
$3,000 $0 $3,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $24,629,665 $3,348,042 $38,481,275 $21,281,623
2023 $5,933,865 $3,471,114 $16,775,257 $2,462,751
2022 $2,159,529 $3,159,830 $13,490,774 $-1,000,301
2021 $2,790,265 $2,905,136 $14,431,174 $-114,871
2020 $2,218,479 $2,794,093 $14,548,040 $-575,614
2019 $2,938,931 $2,974,007 $14,877,477 $-35,076
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