Sky Farm INC: FY2021 Nonprofit Profile & Form 990 (EIN 22-0731923)

Revenue by fiscal year
FY2021	$288K
FY2022	$320K
FY2023	$304K
FY2024	$341K
FY2025	$353K

Expenses by fiscal year
FY2021	$258K
FY2022	$298K
FY2023	$305K
FY2024	$381K
FY2025	$297K

Net assets by fiscal year
FY2021	$219K
FY2022	$241K
FY2023	$240K
FY2024	$200K
FY2025	$256K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

William De Lorenzo

Financial Chair

$0Pt VII · Sec A

Bob Beauchea

Trustee

$0Pt VII · Sec A

Mark Butera

Trustee

$0Pt VII · Sec A

Jeanette Watt

Membership Chair

$0Pt VII · Sec A

Joshua Hurwitz

Trustee

$0Pt VII · Sec A

Michael Demers

President

$0Pt VII · Sec A

Anthony Magna

Vice President

$0Pt VII · Sec A

Mary Babinski

Treasurer

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sky Farm INC is a member-serving organization based in Basking Ridge, NJ.

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Provided by the organization

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3 programs · $30K · in their own filed words · FY2020

01

Sky Farm assessed all of the trees and removed the dangerous ones.

$17Kprogram expense

02

Club House electric was upgraded

$10Kprogram expense

03

Sealing of Basketball courts for the members to enjoy the game

$3Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$288K

Ln 12

Gifts and grantsLn 1h$287K

Investment incomeLn 3$230

Money outPt IX

$258K

Ln 25

Owns and owesPt X

$219K

net assets · Ln 32

Cash and savingsLn 1–2$239K

Total assetsLn 16$240K

LiabilitiesLn 26$21K

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$287K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Investment incomeLn 3$230

Gains on assetsLn 7$0

Total revenueLn 12$288K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$239K

Cash and savings togetherLn 1–2$239K

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$240K

LiabilitiesLn 26$21K

Net assetsLn 32$219K

OperationsPt I, VI

EmployeesI 51

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$225K	$239K
InvestmentsLn 11–13	$0	$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$225K	$240K
LiabilitiesLn 26	$36K	$21K
Net assetsLn 32	$190K	$219K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0
Grants to domestic individualsLn 2	$0
Grants and assistance to foreign recipientsLn 3	$0
Benefits paid to or for membersLn 4	$0
Pay of current officers, directors and key staffLn 5	$0
Pay of disqualified personsLn 6	$0
Other salaries and wagesLn 7	$37K
Pension plan contributionsLn 8	$0
Other employee benefitsLn 9	$0
Payroll taxesLn 10	$3K
Management feesLn 11a	$0
Legal feesLn 11b	$0
Accounting feesLn 11c	$0
Lobbying feesLn 11d	$0
Professional fundraising feesLn 11e	$0
Investment management feesLn 11f	$0
Other fees for servicesLn 11g	$2K
Advertising and promotionLn 12	$3K
Office expensesLn 13	$4K
Information technologyLn 14	$3K
InsuranceLn 23	$21K
Other expenses (24a–d)Ln 24	$143K
All other expensesLn 24e	$40K
Total functional expensesLn 25	$258K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$353K	$297K	$56K	$256K	990 PDF
FY2024	$341K	$381K	−$40K	$200K	990 PDF
FY2023	$304K	$305K	−$2K	$240K	990 PDF
FY2022	$320K	$298K	$22K	$241K	990 PDF
FY2021 Viewing	$288K	$258K	$30K	$219K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $287,594 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $274,614$287,364

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $408$230

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $275,022$287,594

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $39,380$40,104

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $201,389$217,891

I-18 Total expensesPrior year $240,769$257,995

I-19 Revenue less expensesPrior year $34,253$29,599

Part VI · Governance 10 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $287,594 across 14 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$287,364

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$0

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$287,364

VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $230$230

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $230$287,594

Part IX · Statement of functional expenses $257,995 across 23 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individuals$0

IX-3 Grants and assistance to foreign recipients$0

IX-4 Benefits paid to or for members$0

IX-5 Pay of current officers, directors and key staff$0

IX-6 Pay of disqualified persons$0

IX-7 Other salaries and wages$36,748

IX-8 Pension plan contributions$0

IX-9 Other employee benefits$0

IX-10 Payroll taxes$3,356

IX-11a Management fees$0

IX-11b Legal fees$0

IX-11c Accounting fees$0

IX-11d Lobbying fees$0

IX-11e Professional fundraising fees$0

IX-11f Investment management fees$0

IX-11g Other fees for services$2,230

IX-12 Advertising and promotion$3,472

IX-13 Office expenses$4,252

IX-14 Information technology$3,354

IX-23 Insurance$21,088

IX-24 Other expenses (24a–d)$143,026

IX-24e All other expenses$40,469

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$257,995

Part X · Balance sheet $240,175 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $0$0

X-2 Savings and temporary cash investmentsStart of year $224,858$239,393

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $521$782

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $225,379$240,175

X-17 Accounts payable and accrued expensesStart of year $4,637$6,630

X-19 Deferred revenueStart of year $31,108$14,312

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $35,745$20,942

X-32 Total net assets or fund balancesStart of year $189,634$219,233

X-33 Total liabilities and net assetsStart of year $225,379$240,175

Part XI · Reconciliation of net assets $219,233 net assets at year end

XI-1 Total revenue$287,594

XI-2 Total expenses$257,995

XI-3 Revenue less expenses$29,599

XI-4 Net assets at start of year$189,634

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$219,233

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Sky Farm INC FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Sky Farm INC

By the numbers

Filing history

Schedules filed Part IV