2024-05-08T16:44:26-05:00 2023-06-30 474313757 SANNELLA & ASSOCIATES 4 FAIRBANKS LN NORTH READING MA 018642836 990 2022-07-01 043247332 Massachusetts Farm Bureau Preservation Foundation Inc MASS 5084814766 249 Lakeside Avenue Marlborough MA 01752 Karen Schwalbe Clerk 5084814766 2024-05-08 1 Karen Schwalbe XXX-XX-XXXX 0 John Sannella P02045240 9788883112 2024-05-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Karen Schwalbe 249 Lakeside Avenue Marlborough MA 01752 23447 0 X www.mfbf.net X 1994 MA Preservation of agricultural land. 6 5 0 0 0 0 500 0 0 0 50071 9313 0 0 50571 9313 8997 9000 0 0 0 0 0 0 0 15064 13593 24061 22593 26510 -13280 629656 671232 0 9000 629656 662232 Preservation of agricultural land. 0 0 7236 Acquisition, administration, and disposition of agricultural preservation restrictions, conservation restrictions, and related covenants and easements. 9000 9000 Farmer assistance grants. 16236 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X Farm Credit East 5084814766 67 Bedford St Middleborough MA 02346 Warren Shaw President 2.00 2.00 X X 0 0 0 Wayne Smith Treasurer 2.00 2.00 X X 0 0 0 Karen Schwalbe Clerk 2.00 38.00 X X 0 86667 0 Charles Proctor Director 2.00 2.00 X 0 0 0 Mark Amato Director 2.00 2.00 X 0 0 0 Ryan MacKay Director 2.00 2.00 X 0 0 0 0 86667 0 0 0 0 0 0 4742 4742 18705 14134 4571 4571 4571 9313 0 0 9313 9000 9000 5850 5850 2446 2446 3696 3696 498 318 180 1068 1068 State fees 35 35 22593 16236 6357 0 17237 7339 206200 206200 206200 406219 457693 629656 671232 9000 0 9000 X 215744 205846 413912 456386 629656 662232 629656 671232 -13280 45856 0 X X 0 1 X 1 0 X 840 10260 100111 500 111711 840 10260 100111 500 111711 111711 1161 11825 3027 50071 9313 75397 187108 0.59700 0.88420 X Part II, Line 1. Column (a) Unusual Grant excluded from 2018 includes a bequest of $309,688. 206200 206200 206200 X Part X, Line 2: Income Tax Status The Federation and the Foundation have been recognized by the Internal Revenue Service as organizations described in Sections 501(c)(5) and 501(c)(3) of the Internal Revenue Code, respectively. As such, they are exempt from federal and state income taxes. Both organizations are subject to Federal and Massachusetts income taxes on their unrelated business income. FLAME, Inc. is a taxable corporation. There are no significant differences between book and taxable income. The organizations file separate tax returns. The Organizations account for uncertain tax positions in accordance with FASB ASC Topic Accounting for Uncertainty in Income Taxes. This Topic prescribes a recognition threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The Topic also provides guidance on recognition, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At June 30, 2023, Management believes that the Organizations have no material uncertain tax positions. The Organizations file informational tax returns in the U.S. Federal and Massachusetts state jurisdictions. Management believes the Organizations are no longer subject to U.S. Federal and state examinations by tax authorities for years ended before June 30, 2020. 1 New farmer assistance. 3 9000 Part I, Line 2: All grants are awarded to farmers located in Massachusetts. Form 990, Part VI, Section B, line 11b The complete Form 990 is reviewed by the Executive Director. The Form is then presented to the board prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The board of directors annually complete a conflict of interest statement. If a conflict exists, the board member is excluded from discussions and votes on related matters. Form 990, Part VI, Section B, line 15a The compensation for the executive director of Mass Farm Bureau Federation, Inc. is determined by the board of directors. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Part XII, Line 2c The board of directors takes responsibility for oveseeing the audit process. Massachusetts Farm Bureau Federation Inc 749 Lakeside Avenue Marlborough MA 01752 042128453 Agricultural Assistance MA 501(c)(5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0