Osamequin Farm Inc

EIN: 825160103 501(c)(3) Food, Agriculture & Nutrition

Seekonk, MA

Total Revenue
$242,203
Total Expenses
$227,131
Total Assets
$117,625
Net Assets
$117,625
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MA
Principal Officer
Sarah Newkirk
Phone
7749014725
Tax Period
2023-01-01 to 2023-12-31

Osamequin Farm Inc, founded in 2018, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $242K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $227K left a modest 6% surplus.

Mission

Osamequin Farm is a charitable and educational organizaiton that works to advance the public's understanding of the history and role of farming in the region. It offers the genearl public, as well as farmers, the opportunity to learn a range of farming and related skills. The mission is to preserve the farm to continue to share the land with farmers and the community for generations to come.

Program Service Accomplishments

Program 1
Expenses: $160,272 Revenue: $65,289

Farming and crop sales. A farm stand on site is open spring through fall and offers products grown by OFI and by the leasing resident farmers, including cut flowers, berries, vegetables, herbs, eggs...

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Farming and crop sales. A farm stand on site is open spring through fall and offers products grown by OFI and by the leasing resident farmers, including cut flowers, berries, vegetables, herbs, eggs, and pork. Crops grown on the farm are also sold through third party delivery services and through CSA programs to the community. Some of the produce grown is donated via a local gleaning program.

Program 2
Expenses: $17,582 Revenue: $40,529

Community events in 2023 included trail clearing, storytimes for kids, plein air painting, nature art workshops, guided hikes, plant sale, a youth campout, and a family tour. More than 300...

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Community events in 2023 included trail clearing, storytimes for kids, plein air painting, nature art workshops, guided hikes, plant sale, a youth campout, and a family tour. More than 300 participants were served.

Program 3
Expenses: $5,164 Revenue: $9,086

The resident farmers program leases some of the land to six local farmers and farming groups for their own personal or business interests. The benefit to OFI is to have their land maintained and...

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The resident farmers program leases some of the land to six local farmers and farming groups for their own personal or business interests. The benefit to OFI is to have their land maintained and cared for.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $127,299
Program Service Revenue $102,688
Investment Income $0
Other Revenue $12,216
TOTAL REVENUE $242,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,934
Fundraising Expenses $12,385
Program Expenses $185,132
Other Expenses $98,197
TOTAL EXPENSES $227,131

Year-over-Year Comparison

2023 2022 Change
Revenue $242,203 $215,964 +0.1%
Expenses $227,131 $247,859 -0.1%
Net Income $15,072 $-31,895 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
12
Volunteers
40

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
$71,400
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah Newkirk Foundation Mgr. 40.00
Officer
$45,000 $26,400 $71,400
Andrew Jencks Vice President 1.00
Director
$0 $0 $0
Stephen Jencks Treasurer 1.00
Director
$0 $0 $0
Alex Papo Director 1.00
Director
$0 $0 $0
Martha Torrance Director 1.00
Director
$0 $0 $0
Debbie Block President 1.00
Director
$0 $0 $0
Sophie Soloway Secretary 1.00
Director
$0 $0 $0
Roberta Groch Director 1.00
Director
$0 $0 $0
Joao Tavares Director 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $242,203 $227,131 $117,625 $15,072
2022 $215,964 $247,859 $102,553 $-31,895
2021 $316,702 $224,446 $134,448 $92,256
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