Overview
What is Coonamessett Farm Foundation Inc?
The Coonamessett Farm Foundation Inc, located in East Falmouth, Massachusetts, is a nonprofit organization dedicated to responsible stewardship and the preservation of Earth's biodiversity. Their mission encompasses the development and dissemination of sustainable technology to benefit farming, fishing, and related communities. Specifically, they engage in scientific research and educational projects that focus on sustainable fisheries, aquaculture, and agricultural industries. Furthermore, they participate in the Research Set-Aside (RSA) Program, which funds research and compensates vessel owners participating in research through the sale of fish harvested under a research quota. This program aims to enhance our understanding of fisheries, provide valuable information for fisheries management, and foster collaborations between marine fisheries interests. In essence, the Coonamessett Farm Foundation strives to promote environmentally sound, socially equitable, economically feasible, and sustainable practices in the agricultural and fishing sectors.
Official website here: www.coonamessettfarmfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Coonamessett Farm Foundation Inc has achieved a 90% score, which reflects a strong commitment to accountability and financial management. This high rating is based entirely on the Accountability & Finance score, indicating that the organization is well-structured in its financial practices and governance. With a majority of independent board members and robust oversight measures in place, the charity demonstrates a solid foundation for effective management.
Strengths of the organization include its impressive financial ratios, such as an 84.66% program expense ratio, ensuring that a significant portion of funds directly supports its programs. Additionally, the absence of loans to officers and a low liabilities to assets ratio further underscores its financial stability. The charity has made strides in transparency by listing its website on its tax form and having documented board meeting minutes.
However, there are notable limitations, particularly the absence of a whistleblower policy and a document retention policy, which could impact organizational integrity. Furthermore, the lack of distribution of tax forms to the board before filing indicates some areas for improvement in governance practices. Overall, while Coonamessett Farm Foundation Inc displays strong financial health and accountability, addressing these governance gaps could enhance its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Coonamessett Farm Foundation Inc legitimate?
Coonamessett Farm Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coonamessett Farm Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $981,006
For more financial information, click here
Official website here: www.coonamessettfarmfoundation.org
What is the mission statement of Coonamessett Farm Foundation Inc?
The Coonamessett Farm Foundation is dedicated to ensuring the preservation of global biodiversity. Its purpose is to develop and disseminate environmentally sound, socially equitable, economically feasible, and sustainable technologies for farming and fishing communities. The foundation carries out scientific research and educational projects to support sustainable fisheries, aquaculture, and agricultural industries. Additionally, the organization participates in the Research Set-Aside (RSA) Program, which funds research and compensates vessel owners for participating in research through the sale of fish harvested under a research quota. The RSA Program aims to increase knowledge of our nation's fisheries, provide information for the management of fisheries, and foster collaborations between marine fisheries interests.
Official website here: www.coonamessettfarmfoundation.org
Who is the CEO of Coonamessett Farm Foundation Inc?
Ronald Smolowitz is the President of Coonamessett Farm Foundation Inc.
Official website here: www.coonamessettfarmfoundation.org
What is the revenue of Coonamessett Farm Foundation Inc?
Coonamessett Farm Foundation Inc's revenue in 2022 was $3,537,757.
Official website here: www.coonamessettfarmfoundation.org
Who are the executives of Coonamessett Farm Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.coonamessettfarmfoundation.org
Where can I find the form 990 for Coonamessett Farm Foundation Inc?
Coonamessett Farm Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coonamessettfarmfoundation.org
Learn more at the official website: www.coonamessettfarmfoundation.org
Mission Statement of Coonamessett Farm Foundation Inc
The Coonamessett Farm Foundation is committed to safeguarding the biodiversity of our planet, with a focus on responsible stewardship and maintenance. Its purpose is to develop and transfer appropriate technology that supports farming and fishing communities, ensuring they are environmentally sound, socially equitable, economically feasible, and compatible with a sustainable future.
In pursuit of its mission, the Coonamessett Farm Foundation conducts scientific research and educational projects that strengthen sustainable fisheries, aquaculture, and agricultural industries. The organization's efforts are geared towards enhancing the understanding of our nation's fisheries, providing valuable information for the management of fisheries, and fostering collaborations between marine fisheries interests.
One of the ways the Coonamessett Farm Foundation achieves its objectives is through the Research Set-Aside (RSA) Program. This program provides a mechanism to fund research and compensate vessel owners participating in research through the sale of fish harvested under a research quota that has been set aside from the overall catch. The RSA's program's aim is to further the understanding of our nation's fisheries, enhance information for the management of fisheries, and to foster collaborations between marine fisheries interests.
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Impact
June, 2024
Coonamessett Farm Foundation Inc is dedicated to the responsible stewardship and maintenance of the biodiversity of our planet. The organization's impact lies in the development and transfer of appropriate technology to support farming and fishing communities that are environmentally sound, socially equitable, economically feasible, and compatible with a sustainable future.
Coonamessett Farm Foundation participates in the Research Set-Aside (RSA) program, which allows for the funding of research and compensation for vessel owners involved in research through the sale of fish harvested under a research quota. By engaging in RSA programs, the organization contributes to the advancement of our nation's fisheries understanding, enhances information for fisheries management, and fosters collaborations within marine fisheries interests.
Through conducting scientific research and educational projects, Coonamessett Farm Foundation supports sustainable fisheries, aquaculture, and agricultural industries. The organization's work not only benefits the environment but also helps create a more balanced and resilient ecosystem for future generations.
This information is meant to be a general summary of Coonamessett Farm Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,927
- Gross Receipts: $3,537,757
Assets and Liabilities:
- Total Assets: $3,194,736
- Total Liabilities: $311,992
- Net Assets: $2,882,744
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Organization Details
Founding Year
2008
Phone
(508) 563-2560Principal Officer
Ronald Smolowitz
Main Address
277 HATCHVILLE ROAD, EAST FALMOUTH, MA, 02536
NTEE Category
Code: C05 - Environment
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