Ethos Farm Project EIN 86-1397641 Form 990 (PDF) Claim this org

Ethos Farm Project FY2022 filing

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Educates providers and farmers on regenerative organic farming, lifestyle medicine, and historic preservation. For fiscal year 2022 it reported $449K in revenue, $290K in expenses, and $234K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Long Valley, NJ
Website
www.ethosfarmproject.org
Filings
4 on file (2021–2022)
Revenue
$449KFY2022
Expenses
$290K
Net assets
$234K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-1397641 Public charity (501(c)(3)) Long Valley, NJ
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Educates providers and farmers on regenerative organic farming, lifestyle medicine, and historic preservation.
Leadership
Nora Pugliese · Farm Manager · $75K
Money in and out
$449K revenue, $290K expenses
Bottom line
98% program efficiency
Where the money goes · FY2022
Total revenue
$449K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$234K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $159K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
7.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$449K
FY2022▲ +62%
Expenses
$290K
FY2022▲ +44%
Total assets
$248K
FY2022▲ +203%
Total liabilities
$14K
FY2022▲ +116%
Total revenue
$449K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$234K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$159K
Total assetsPt X · Ln 16$248K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

2 program services account for $284K of program spending, described in the organization's own filed words · FY2022.
01

Promote awareness of farm plant based healthcare system, educating medical providers & farmers about regenerative organic farming methods, promotion of lifestyle medicine, carbon trial initiatives, historic preservation of stone farm structures

$250Kprogram expense
02

Seasonal farm day events & festivals for promotion of organizations mission

$34Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEthos Farm Project
EINHdr · item D86-1397641
Principal addressHdr · item CLong Valley, NJ
WebsiteHdr · item Jwww.ethosfarmproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Farm Manager
$75,000Pt VII · Sec A
Field Manager
$47,923Pt VII · Sec A
Assistant Field Manager
$26,631Pt VII · Sec A
Executive Director
$16,401Pt VII · Sec A
$0Pt VII · Sec A

Nora Pugliese’s $75K as Secretary is at the 66th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Nora Pugliese$75,000$75,000$75,000$54,808
Nicholas Hodgson$47,923$41,538
Jessica Stensland$26,631$18,615
Pragya Thakur$16,401

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$334K · 74%
Other revenue$112K · 25%
Program service revenue$3K · 1%
Contributions & grants74%$334K
Other revenue25%$112K
Program service revenue1%$3K
Total revenueLn 12$449K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$284K
Management & general2%$6K
Total functional expensesLn 25$290K

Balance Sheet

Part X · end of year
CashLn 1$184K
Total assetsLn 16$248K
Total liabilitiesLn 26$14K
Total net assetsLn 32$234K
Months of cash on handcomputed7.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $184K · Operating expenses/yr $290K
7.6 months
Where the money goes
Program services
Program services $284K · Total expenses $290K
98%
Management & General
Management & general $6K · Total expenses $290K
2%
Fundraising
Fundraising $0 · Total expenses $290K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $273K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $334K · Total revenue $449K
74%
Government reliance
Government grants — · Total revenue $449K
Earned-income share
Program service revenue $3K · Total revenue $449K
0.7%
Investment reliance
Investment income $0 · Total revenue $449K
0%
Program self-sufficiency
Program service revenue $3K · Total expenses $290K
1%
Growth & trend
Revenue growth (YoY)
This year $449K · Prior year $277K
+62%
Net-asset trend (YoY)
End of year $234K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $449K · Expenses $290K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $248K
Net-asset ratio
Net assets $234K · Total assets $248K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $248K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nora Pugliese · Reported title FARM MANAGER · Highest reported compensation $75K · Total expenses $290K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $210K · Total expenses $290K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 62%
Legal fee ratio 0.04%
Accounting fee ratio 1%

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
Total grants receivedfrom 2 funders$74K

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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)$444K revenue · ⤓ 990 PDF
FY2023$520K revenue · ⤓ 990 PDF
FY2022$449K revenue · viewing · ⤓ 990 PDF
FY2021$277K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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