Program areas at Novo Foundation
Hudson valley farm hub: costs associated with professional farmer training, the hosting and supporting of agricultural research, the demonstration of new farm technologies, and educational resources for advances in food and farming.
Sawkill center for sustainable food systems (milestone mill): expenses related to the development of a food mill designed to craft and distribute high quality wheat, rye, and corn products, as well as beans for community use, as a demonstration project to support an equitable, ecologically resilient local food system in the hudson valley.
Crop shop hudson valley: expenses related to the development of a vegetable food processor that will service local community farms, schools, small businesses, and other community institutions. The crop shop is demonstrating the viability of a sustainable, economical solution for farmers who need to package their goods profitably and institutions who need to purchase them affordably, all in furtherance of developing equitable and ecologically resilient food systems to support the local hudson valley economy.
Farm hub sales of produce to community members
Program related income generated from program-related investments
Grants made by Novo Foundation
Who funds Novo Foundation
Grants from foundations and other nonprofits
Personnel at Novo Foundation
| Name | Title | Compensation | Date of data |
|---|
| Kimberly McLain | Chief Financial Officer | $354,184 | 2024-10-23 |
| Gary Schwartz | Vice President | $381,315 | 2023-12-31 |
| Brooke Pickering-Cole | Executive Director , Farm Hub | $265,225 | 2023-12-31 |
| Mona Williams | Director of Finance and Acc | $232,789 | 2023-12-31 |
| Peter Buffett | President | $1 | 2023-12-31 |
| ...and 2 more key personnel |
Financials for Novo Foundation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $356,063,646 | $308,460,326 | 15.4% |
| Investment income and dividends | $16,504,430 | $2,548,565 | 547.6% |
| Net rental income | $44,407 | $15,002 | 196% |
| Net gain from sale of non-inventory assets | $863,213 | $21,707,576 | -96% |
| Gross sales of inventory | $-81,020 | $-145,562 | 44.3% |
| Miscellaneous revenues | $504,389 | $54,876 | 819.1% |
| Total revenues | $373,899,065 | $332,640,783 | 12.4% |
Organizations like Novo Foundation
| Organization | Type | Location | Revenue |
|---|
| Gordon E and Betty I Moore Foundation | 501(c)(3) | Palo Alto, CA | $654,188,442 |
| Kresge Foundation | 501(c)(3) | Troy, MI | $244,988,163 |
| Alfred P Sloan Foundation | 501(c)(3) | New York, NY | $118,541,925 |
| The McKnight Foundation | 501(c)(3) | Minneapolis, MN | $165,036,445 |
| Robert Wood Johnson Foundation (RWJF) | 501(c)(3) | Princeton, NJ | $1,119,236,534 |
| Ewing Marion Kauffman Foundation | 501(c)(3) | Kansas City, MO | $112,688,316 |
| Foundation To Combat Anti-Semitism | 501(c)(3) | Foxborough, MA | $159,468,916 |
| Simons Foundation | 501(c)(3) | New York, NY | $373,367,640 |
| The Schmidt Family Foundation (TSFF) | 501(c)(3) | Palo Alto, CA | $104,956,426 |
| Jacarlene Foundation | 501(c)(3) | Winter Park, FL | $97,042,335 |
Data update history
November 28, 2024
Used new vendors
Identified 2 new vendors, including , and
October 21, 2024
Used new vendors
Identified 2 new vendors, including , and
December 26, 2023
Posted financials
Added Form 990PF for fiscal year 2022
December 24, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 27, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donationsAccepts online donations
General information
- Address
- PO Box 566
- Hurley, NY 12443
- Metro area
- Kingston, NY
- County
- Ulster County, NY
- Website URL
- novofoundation.org/Â
- Phone
- (212) 808-5400
- Facebook page
- NoVoFoundationÂ
- Twitter profile
- @novofoundationÂ
IRS details
- EIN
- 47-0824753
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 2021
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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