Merck Forest & Farmland Center EIN 03-0184959

Merck Forest & Farmland Center

EIN  03-0184959 Public charity (501(c)(3)) Rupert, VT
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Size
$1–10M
What they do
Teaches land stewardship, agricultural and forestry education, and outdoor recreation.
Leadership
Robert Terry · Executive Dir. · $124K
Money in and out
$1.4M revenue, $1.5M expenses
Bottom line
50% program efficiency

Teaches land stewardship, agricultural and forestry education, and outdoor recreation. For fiscal year 2024 it reported $1.4M in revenue, $1.5M in expenses, and $15.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$15.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$113K
Where spending went · Part IX cols B–D
Program services $0.50 Management & general $0.34 Fundraising $0.16
Program efficiency
50%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
105.6mo
months of highly liquid reserves at operating expense rate▼ -14% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -111% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.4M
FY2024▼ -72%
Expenses
$1.5M
FY2024▲ +19%
Total assets
$15.1M
FY2024▲ +3%
Total liabilities
$38K
FY2024▲ +41%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$15.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$113K
Total assetsPt X · Ln 16$15.1M
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $748K of program spending, described in the organization's own filed words · FY2024.
01

The foundation manages forest land and a farm on approximately 3,200 acres, providing the opportunity for visitors, area residents, and regional elementary through college students to explore and participate in hands-on programming focused on sustainable forestry, ecology, regenerative agriculture and outdoor recreation.

$748Kprogram expense
02

Held educational workshops and various farm and forest exhibits, allowing year round access for hikers, campers, and cross- country skiers in order to demonstrate the reasons for, and methods of, preserving forest land and other natural resources.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMerck Forest & Farmland Center
EINHdr · item D03-0184959
Principal addressHdr · item CRupert, VT
WebsiteHdr · item Jwww.merckforest.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20P)
Ruling yearIRS BMFJan 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$124,120Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Terry’s $124K as Executive Dir. is at the 69th percentile of top reported officer pay among 819 $1–10M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Terry$124,120$120,218$110,636$104,470$110,631

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$632K · 45%
Investment income$478K · 34%
Program service revenue$262K · 19%
Other revenue$20K · 1%
Contributions & grants45%$632K
Investment income34%$478K
Program service revenue19%$262K
Other revenue1%$20K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.34 Fundraising $0.16
Program services50%$748K
Management & general34%$516K
Fundraising16%$242K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$169K
Total assetsLn 16$15.1M
Total liabilitiesLn 26$38K
Total net assetsLn 32$15.1M
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.3M · Operating expenses/yr $1.5M
105.6 months
Where the money goes
Program services
Program services $748K · Total expenses $1.5M
50%
Management & General
Management & general $516K · Total expenses $1.5M
34%
Fundraising
Fundraising $242K · Total expenses $1.5M
16%
Cost to raise $1
Fundraising expense (3-yr avg) $236K · Solicited contributions (3-yr avg) $2.3M
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $632K · Total revenue $1.4M
45%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $262K · Total revenue $1.4M
19%
Investment reliance
Investment income $478K · Total revenue $1.4M
+34%
Program self-sufficiency
Program service revenue $262K · Total expenses $1.5M
17%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $4.9M
-72%
Revenue CAGR
FY2020 $1.3M · FY2024 $1.4M
+2%
Net-asset trend (YoY)
End of year $15.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.5M
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $15.1M
Net-asset ratio
Net assets $15.1M · Total assets $15.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $9.0M · Other securities (Pt X, ln 12) $4.1M · Total assets (Pt X, ln 16) $15.1M
86%
People & payroll
Highest Reported Total Compensation
Individual Robert Terry · Reported title Executive Dir. · Highest reported compensation $124K · Total expenses $1.5M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $888K · Total expenses $1.5M
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 50%
Overhead ratio 34%
Fundraising cost ratio 38%
Revenue growth -72%
Investment management fee ratio 1%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.4M revenue · viewing · ⤓ 990 PDF
FY2023$4.9M revenue · ⤓ 990 PDF
FY2022$2.3M revenue · ⤓ 990 PDF
FY2021$3.0M revenue · ⤓ 990 PDF
FY2020$1.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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