The Colonial Farmhouse Restoration Society of Bellerose Inc

Nonprofit profile at a glance

EIN
112508369
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Floral Park, NY, USA
Phone
7183473276
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,724,492
Expenses
$3,494,712
Assets
$2,802,281
Liabilities
$128,463

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JAMES A TRENT (PRESIDENT)
  • PAUL DIBENEDETTO (VICE PRESIDENT)
  • DAVID HUGHES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LAILA LAMNIJI (DIRECTOR OF FINANCE): $141,480 total reported compensation
  • DAVID HUGHES (EXECUTIVE DIRECTOR): $123,478 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the queens county farm museum is to preserve, restore, and interpret the site. Through educational programs, events, and museum services, we educate the public as to the significance of queens county's agricultural and horticultural past and heighten awareness of present-day agricultural and horticultural practices.

What it reported doing in 2024

Queens county farm museum dates back to 1697. It occupies New York city's largest remaining tract of undistributed farmland and is the only working historical farm in the city. The farm encompasses a 47-acre parcel that is the longest continuously farmed site in New York state. The site includes historic farm buildings, a greenhouse complex, livestock, farm vehicles and implements, planting fields, an orchard, and an herb garden. The society maintains the twelve-acre historic farm site and thirty five acres of agricultural land and livestock. The society maintains the farm grounds and preserves the various farm buildings and structures. Projects are ongoing, in order to preserve the historic nature of the site the working farm site is open to the general public.queens county farm museum is open to the public with free admission 355 days per year. Over 500,000 visitors connect with queens county farm museum and its public programs and events. Queens county farm museum supports one onsite farmstand plus two off site farmstands with community partners to bring fresh produce to communities in need. Queens farm accepted multiple forms of nutrition assistance benefits such as snap/ebt benefits, wic, fmnp checks, health bucks and fresh connect. In addition to farm fresh seasonal produce, the farmstand featured live cooking demonstrations and free recipes.

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 91
  • Sustainability: 24
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81.6%; rating input score 82
  • Fundraising efficiency: $5.49 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -28.3%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.8; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: -1% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 81.6% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.9M in reported program spending
  • Leadership: top reported pay $141K · 21 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.