F A R M Cafe Inc
- Assets
- $278.3k
- Revenue
- $396.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Boone, NC
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 45-1272884
Organization Overview
F A R M Cafe Inc is located in Boone, NC. The organization was established in 2012. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, F A R M Cafe Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. F A R M Cafe 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, F A R M Cafe Inc generated $396.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $348.7k during the year ending 12/2021. While expenses have increased by 6.6% 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
OPERATION OF A LOCAL CAFE WHICH ALLOWS ANY PERSON TO EAT A HEALTHY AND NUTRITIOUS MEAL, REGARDLESS OF MEANS OR ABILITY TO PAY FOR THE MEAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO BUILDA HEALTHY AND INCLUSIVE COMMUNITY BY PROVIDING HIGH QUALITY & DELICIOUS MEALS PRODUCED FROM LOCAL SOURCES, SERVED IN A RESTAURANT WHERE EVERYBODY EATS, REGARDLESS OF MEANS. F.A.R.M. FULL CIRCLE IS A FOOD RECOVERY AND REDISTRIBUTION PROGRAM OF F.A.R.M. CAFE. WE COLLECT IMPERFECT FRUITS AND VEGETABLES, OVER-ORDERED FOOD ITEMS, AND OTHER PRODUCTS AT RISK OF GOING TO WASTE FROM LOCAL GROCERS, FARMERS, AND SMALL BUSINESSES. EACH WEEK, VOLUNTEERS PREPARE READY-TO-EAT MEALS, MEAL KITS, AND OTHER VALUE ADDED PRODUCTS USING RECOVERED FOODS. THESE PRODUCTS ARE DISTRIBUTED IN TWO WAYS. A WEEKLY SELECTION OF MEALS AND SIDE DISHES ARE AVAILABLE ON A DONATE-WHAT-YOU-CAN BASIS AT F.A.R.M. CAFE. SECONDLY, WE DISTRIBUTE FRESH PRODUCE, PREPARED MEALS, AND MEAL KITS TO NONPROFIT AND FAITH-BASED ORGANIZATIONS DIRECTLY SERVING FOOD INSECURE INDIVIDUALS IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Boughman Executive Director | Officer | 40 | $45,410 |
Tom Shessler President | OfficerTrustee | 5 | $0 |
Jacqui Ignatova Vice President | OfficerTrustee | 5 | $0 |
Eevie Johnson Secretary | OfficerTrustee | 5 | $0 |
Carol Coulter Treasurer | OfficerTrustee | 5 | $0 |
Theodor Visser Board Member | OfficerTrustee | 2 | $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 | $255,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,547 |
| Total Program Service Revenue | $132,187 |
| Investment income | $8,229 |
| 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 | $395,963 |
| 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. | $45,411 |
| Compensation of current officers, directors, key employees. | $4,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,210 |
| Pension plan accruals and contributions | $4,776 |
| Other employee benefits | $0 |
| Payroll taxes | $14,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $639 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,162 |
| Office expenses | $1,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31 |
| 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 | $6,361 |
| Insurance | $0 |
| All other expenses | $61,507 |
| Total functional expenses | $348,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,013 |
| 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 | $47,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,194 |
| Total assets | $278,315 |
| 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 | $7,175 |
| Total liabilities | $7,175 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $271,140 |
| Total liabilities and net assets/fund balances | $278,315 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that F A R M Cafe Inc has recieved totaling $78,755.
| Awarding Organization | Amount |
|---|---|
Gail Handel Family Foundation Inc Plant City, FL PURPOSE: FOOD PANTRY | $60,000 |
The Conservation Fund A Nonprofit Corporation Arlington, VA PURPOSE: CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT | $12,500 |
High Country United Way Boone, NC PURPOSE: OPERATIONS | $6,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $130 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Endowment Analysis
| Beg. Balance | $51,333 |
| Earnings | $7,625 |
| Admin Expense | $639 |
| Net Contributions | $5,875 |
| Ending Balance | $64,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |