Heritage Farm Inc

Heritage Farm Inc consistently generates surpluses and reports no officer compensation.

EIN: 161250913 · Bouckville, NY · NTEE: O50Z · Updated: 2026-03-28

$2.1MRevenue

$2.7MAssets

90/100Mission Score (Excellent)

O50Z

About Heritage Farm Inc

Heritage Farm Inc (EIN: 161250913) is a nonprofit organization based in Bouckville, NY, classified under NTEE code O50Z. The organization reported total revenue of $2.1M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Heritage Farm Inc demonstrates consistent financial health with a positive trend in net assets over the past several years. In the 2023 fiscal period, the organization reported revenue of $2,076,416 against expenses of $1,634,114, resulting in a significant surplus that contributed to an increase in assets to $2,471,564. This surplus indicates effective financial management and a strong capacity to fund its operations.

The organization's spending efficiency appears robust, with expenses generally well-managed relative to revenue. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that the majority of funds are being directed towards its mission, given the consistent operational surpluses. The absence of reported officer compensation across all filings indicates a high level of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries.

Heritage Farm Inc's transparency is commendable, particularly with the consistent reporting of 0% officer compensation. This practice, if it means no compensation is paid to officers, significantly enhances trust and signals that leadership is either volunteer-based or compensated through other means not categorized as officer compensation. The consistent filing history further supports a commitment to public accountability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Heritage Farm Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Heritage Farm Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Heritage Farm Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization with over $2 million in annual revenue and suggests a volunteer-led executive structure or compensation is categorized differently.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Heritage Farm Inc:

Consistent operational surpluses, such as the $442,302 surplus in 2023, indicating strong financial management.
Zero reported officer compensation across all filings, suggesting high efficiency in directing funds to mission.
Steady growth in net assets, from $1,996,294 in 2020 to $2,471,564 in 2023, enhancing long-term stability.
Consistent filing of IRS 990s over 13 periods, demonstrating strong commitment to transparency and compliance.
Low liabilities relative to assets, with liabilities at $326,628 against assets of $2,471,564 in 2023, indicating a healthy balance sheet.

Frequently Asked Questions about Heritage Farm Inc

How does Heritage Farm Inc manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that executive compensation is categorized under other expense lines not specifically identified as 'officer compensation' in the summary data. This is a significant factor in its financial efficiency.

What is the primary source of Heritage Farm Inc's revenue?

While the provided data shows total revenue, it does not specify the breakdown of revenue sources (e.g., donations, program service fees, grants). Understanding this would provide deeper insight into the organization's financial stability and donor reliance.

What are the specific program activities funded by Heritage Farm Inc?

The NTEE code O50Z indicates 'Other Human Services', which is broad. More detailed information on their specific programs would help assess the impact and alignment with their stated mission.

Filing History

IRS 990 filing history for Heritage Farm Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Heritage Farm Inc's revenue has grown by 6.3%, moving from $2.0M to $2.1M. Total assets increased by 22.3% over the same period, from $2.0M to $2.5M. Total functional expenses fell by 11.2%, from $1.8M to $1.6M. In its most recent filing year (2023), Heritage Farm Inc reported a surplus of $442K, with revenue exceeding expenses. The organization holds $327K in liabilities against $2.5M in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $2.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.1M	$1.6M	$2.5M	$327K	—	—
2022	$1.8M	$1.8M	$2.1M	$358K	—	—
2021	$1.7M	$1.6M	$2.1M	$400K	—	View 990
2020	$1.3M	$1.3M	$2.0M	$448K	—	View 990
2019	$1.8M	$1.7M	$2.0M	$484K	—	View 990
2018	$1.8M	$1.7M	$1.9M	$524K	—	View 990
2017	$1.6M	$1.7M	$2.0M	$606K	—	View 990
2016	$1.7M	$1.7M	$2.1M	$687K	—	View 990
2015	$1.9M	$1.8M	$2.2M	$779K	—	View 990
2014	$2.0M	$1.9M	$2.2M	$786K	—	View 990
2013	$2.0M	$1.9M	$2.1M	$835K	—	View 990
2012	$1.9M	$1.9M	$2.0M	$882K	—	View 990
2011	$2.0M	$1.8M	$2.0M	$952K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.1M, expenses of $1.6M, and assets of $2.5M (revenue +17.4% year-over-year).
2022: Revenue of $1.8M, expenses of $1.8M, and assets of $2.1M (revenue +2.2% year-over-year).
2021: Revenue of $1.7M, expenses of $1.6M, and assets of $2.1M (revenue +32.2% year-over-year).
2020: Revenue of $1.3M, expenses of $1.3M, and assets of $2.0M (revenue -28.1% year-over-year).
2019: Revenue of $1.8M, expenses of $1.7M, and assets of $2.0M (revenue +2.1% year-over-year).
2018: Revenue of $1.8M, expenses of $1.7M, and assets of $1.9M (revenue +8.5% year-over-year).
2017: Revenue of $1.6M, expenses of $1.7M, and assets of $2.0M (revenue -3.6% year-over-year).
2016: Revenue of $1.7M, expenses of $1.7M, and assets of $2.1M (revenue -7.9% year-over-year).
2015: Revenue of $1.9M, expenses of $1.8M, and assets of $2.2M (revenue -9.6% year-over-year).
2014: Revenue of $2.0M, expenses of $1.9M, and assets of $2.2M (revenue +3.0% year-over-year).
2013: Revenue of $2.0M, expenses of $1.9M, and assets of $2.1M (revenue +2.8% year-over-year).
2012: Revenue of $1.9M, expenses of $1.9M, and assets of $2.0M (revenue -0.9% year-over-year).
2011: Revenue of $2.0M, expenses of $1.8M, and assets of $2.0M.

Data Sources and Methodology

This transparency report for Heritage Farm Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.