Westport Farmers Market Inc
- Assets
- $146.7k
- Revenue
- $239.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Westport, CT
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 27-5155592
Organization Overview
Westport Farmers Market Inc is located in Westport, CT. The organization was established in 2011. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westport Farmers Market Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Westport Farmers Market Inc generated $239.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $184.2k during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND MAINTAIN A YEAR ROUND REGIONAL HUB WHERE LOCAL FARMERS CONNECT WITH REAL PEOPLE OVER REAL FOOD. IN FACILITATING THIS "CONVERSATION" THE WESTPORT FARMERS MARKET HOPES TO HELP PRODUCERS AND CONSUMERS FORGE LASTING RELATIONSHIPS THAT CELEBRATE LOCAL DELICIOUS SUSTAINABLE FOOD. TO ENCOURAGE LOCAL FARM PRODUCTION AND MAKE A MARKET FOR THEIR FARM PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATING CONNECTIONS BETWEEN FARMERS AND CONSUMERS BY ESTABLISHING AND RUNNING A MARKETPLACE FOR LOCAL FARMERS TO MARKET THEIR PRODUCE.
FACILITATING CONNECTIONS BETWEEN FARMERS AND CONSUMERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Taibe Director | Officer | $0 | |
Liz Reuven Director | Trustee | $0 | |
Lauren Kreter Director | Trustee | $0 | |
Robyn Drucker Director | Trustee | $0 | |
Ryan Fibiger Director | Trustee | $0 | |
Cecily Gans Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,526 |
| Total Program Service Revenue | $67,610 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,800 |
| Payroll taxes | $4,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,273 |
| Office expenses | $890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,347 |
| All other expenses | $21,405 |
| Total functional expenses | $184,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,728 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,529 |
| Total liabilities | $1,529 |
| Net assets without donor restrictions | $133,199 |
| Net assets with donor restrictions | $12,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $146,728 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westport Farmers Market Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
P2 Foundation Inc Big Sky, MT PURPOSE: GENERAL OPERATING | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Rescue Us Inc Stamford, CT | $1,341,257 | $63,924,618 |
Hunger Solutions New York Inc Albany, NY | $3,802,697 | $6,675,320 |
Provider Resources Inc Methuen, MA | $919,953 | $5,475,576 |
Farm Fresh Rhode Island Providence, RI | $19,574,577 | $7,671,925 |
Food Project Inc Lincoln, MA | $4,028,637 | $3,962,744 |
About Fresh Inc Boston, MA | $2,948,132 | $3,593,501 |
Providers Nutrition Network Inc Newington, CT | $300,937 | $2,210,491 |
Staten Island Communituy Services Friendship Clubs Inc Staten Island, NY | $314,878 | $2,179,028 |
Nutrition For The Elderly In Tompki Ns County Inc Ithaca, NY | $1,047,931 | $1,713,789 |
City Seed Inc New Haven, CT | $381,343 | $945,216 |
George L Blackburn Foundation For Nutrition Medicine Jamaica Plain, MA | $12,311,959 | $889,718 |
Harvest Home Farmers Market Inc New York, NY | $257,231 | $802,253 |