Nonprofit · EIN 80-0445857
BINA FARM INC
Tax-exempt · LEXINGTON, MA 02421
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $806,180 | $969,313 | -$163,133 | $1,080,620 | $452,900 | $627,720 |
| December 31, 2023 | 990 | $898,001 | $1,036,402 | -$138,401 | $1,405,178 | $614,325 | $790,853 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $119,270
- Program service revenue
- $444,513
- Investment income
- $21,801
- Net gain from sales of assets
- $1,399
- Net income from fundraising events
- $220,596
- Other revenue
- $220,596
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $482,833
- Salaries, compensation and benefits (total)
- $530,144
- Professional fundraising fees
- $0
- Accounting fees
- $15,366
- Occupancy
- $66,697
- Depreciation
- $56,385
- Program services (functional)
- $736,126
- Management and general (functional)
- $207,295
- Fundraising (functional)
- $25,892
Balance sheet and other
- Total assets, start of year
- $1,405,178
- Total assets, end of year
- $1,080,620
- Total liabilities, end of year
- $452,900
- Net assets, end of year
- $627,720
- Land, buildings and equipment
- $212,644
- Net assets without donor restrictions
- $627,720
- Gross receipts
- $1,008,976
- Employees
- 15
- Volunteers
- 252
- Year formed
- 2009
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BABAK BINA | CO-CHAIR AND CO-FOUNDER Trustee or director, Officer | 1 | $0 |
| CORYN BINA | CO-CHAIR AND CO-FOUNDER Trustee or director, Officer | 10 | $0 |
| LYNN PEDERSON | TERM ENDED 07/2024 Trustee or director, Officer | 1 | $0 |
| LEDA EIZENBERG | DIRECTOR Trustee or director | 1 | $0 |
| DENISE FAHMIE | DIRECTOR Trustee or director | 1 | $0 |
| TAMARA JOSEPH | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE KELLEY | DIRECTOR Trustee or director | 1 | $0 |
| KHALED KHALIL | TREASURER Trustee or director | 1 | $0 |
| HARRIS KRUPP | DIRECTOR Trustee or director | 1 | $0 |
| HANNAH ST LAURENT | CLERK Trustee or director | 10 | $0 |
| BEN KHARL | VICE CHAIR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BABAK BINA | CO-CHAIR AND CO-FOUNDER Trustee or director, Officer | 1 | $0 |
| CORYN BINA | CO-CHAIR AND CO-FOUNDER Trustee or director, Officer | 10 | $0 |
| LYNN PEDERSON | CLERK Trustee or director, Officer | 10 | $0 |
| LEDA EIZENBERG | DIRECTOR Trustee or director | 1 | $0 |
| DENISE FAHMIE | DIRECTOR Trustee or director | 1 | $0 |
| TAMARA JOSEPH | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE KELLEY | DIRECTOR Trustee or director | 1 | $0 |
| KHALED KHALIL | TREASURER Trustee or director | 1 | $0 |
| HARRIS KRUPP | DIRECTOR Trustee or director | 1 | $0 |
| HANNAH ST LAURENT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 55 ALLEN ST, LEXINGTON, MA 02421-7140
- Principal officer (990 for 2024)
- FRANCESCA STUFANO, 55 ALLEN STREET, LEXINGTON, MA 02421
- Signed the 990
- FRANCESCA STUFANO, EXECUTIVE DIRECTOR
- Phone
- (781) 862-5020
- Website
- WWW.BINAFARM.ORG
- Return prepared by
- LEE & CROWLEY LLC
Mission
BINA FARM CENTER HAS AN INCLUSIVE MISSION OF BRINGING PEOPLE TOGETHER OF ALL AGES, THOSE BOTH WITH AND WITHOUT DISABILITIES, THROUGH CLINICAL, THERAPEUTIC, AND RECREATIONAL PROGRAMS THAT PROVIDE EQUINE-ASSISTED SERVICES, GARDENING, AND VOCATIONAL OPPORTUNITIES.
Program accomplishments
- THE PRIMARY PURPOSE OF THE BINA FARM IS TO PROVIDE COMPREHENSIVE REHABILITATION SERVICES FOR CHILDREN AND ADULTS WITH PHYSICAL, DEVELOPMENTAL AND EMOTIONAL CHALLENGES. THE ORGANIZATION ACCOMPLISHES ITS MISSION THROUGH EQUINE ASSISTED ACTIVITIES, EQUINE ASSISTED THERAPIES AND OTHER INCLUSIVE PROGRAMS.Expenses $736,126 · revenue $444,513
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0445857
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E50)
- Assets (IRS master file)
- $1,080,620
- Income (IRS master file)
- $1,008,976
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $806,180 | $969,313 | $1,080,620 | IRS |
| 990 | December 2023 | $898,001 | $1,036,402 | $1,405,178 | XML |
| 990 | December 2022 | $1,126,077 | $1,021,688 | $1,594,861 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0445857).
Questions about BINA FARM INC
- What is the EIN of BINA FARM INC?
- The employer identification number (EIN) of BINA FARM INC is 80-0445857.
- Is BINA FARM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to BINA FARM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BINA FARM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BINA FARM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BINA FARM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BINA FARM INC?
- The 990 for the year ended December 31, 2024 names FRANCESCA STUFANO.
- Who are the officers and directors of BINA FARM INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does BINA FARM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $806,180, expenses of $969,313 and total assets of $1,080,620 at year end.
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