Carolina Farm Trust Inc
- Assets
- $0.0
- Revenue
- $383.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Cornelius, NC
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-4089099
Organization Overview
Carolina Farm Trust Inc is located in Cornelius, NC. The organization was established in 2015. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Carolina Farm Trust Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Farm Trust 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, Carolina Farm Trust Inc generated $383.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 55.3% each year . All expenses for the organization totaled $453.0k during the year ending 12/2021. 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
IT IS OUR MISSION TO DIRECTLY IMPACT LOCAL FARMERS AND, IN RETURN, DIRECTLY IMPACT THE FOOD ON YOUR TABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAROLINA JUBILEE- WO-DAY, ANNUAL MUSIC EVENT, WITH THE MISSION OF PROVIDING SUPPORT FOR THE FARM-TO-TABLE INITIATIVE, WITH LOCALLY PRODUCED FOOD AND BEVERAGES. ALL PARTICIPATING VENDORS WILL BE LOCAL OR REGIONAL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliott Royal Treasurer | Officer | 2 | $0 |
Jennifer Morgan Legal Council | Officer | 2 | $0 |
Elizabeth Dover Secretary | Officer | 5 | $0 |
Zack Wyatt President | Trustee | 40 | $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 | $331,778 |
| Noncash contributions included in lines 1a–1f | $85,497 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,778 |
| Total Program Service Revenue | $51,783 |
| Investment income | $0 |
| 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 | $383,561 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,414 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $720 |
| Office expenses | $400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,327 |
| All other expenses | $248,900 |
| Total functional expenses | $452,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Carolina Farm Trust Inc has recieved totaling $139,419.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $55,900 |
Womens Impact Fund Charlotte, NC PURPOSE: Unrestricted Funds | $35,000 |
Womens Impact Fund Charlotte, NC PURPOSE: Unrestricted Funds | $35,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $12,500 |
Powell Charitable Foundation Roanoke, VA PURPOSE: COMMUNITY OUTREACH | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryland Food Bank Inc Baltimore, MD | $64,631,559 | $77,965,271 |
Feed More Inc Richmond, VA | $45,221,610 | $83,224,269 |
Second Harvest Food Bank Of Northwest North Carolina Inc Winston Salem, NC | $40,643,437 | $84,978,237 |
Arkansas Foodbank Little Rock, AR | $47,278,438 | $77,056,915 |
Harry Chapin Food Bank Of Southwest Florida Inc Fort Myers, FL | $18,984,234 | $69,611,824 |
Gods Pantry Food Bank Inc Lexington, KY | $29,295,834 | $63,304,764 |
Mississippi Food Network Inc Jackson, MS | $23,144,263 | $77,392,396 |
Montgomery Area Food Bank Inc Montgomery, AL | $21,621,044 | $72,895,777 |
Regional Food Bank Of Northeast Florida Inc Jacksonville, FL | $13,173,202 | $61,079,810 |
Blue Ridge Area Food Bank Inc Verona, VA | $30,715,187 | $59,706,112 |
Foundation For Food And Agriculture Research Washington, DC | $432,866,762 | $105,784,809 |
The Food Bank For Central & Northeast Missouri Inc Columbia, MO | $22,373,866 | $57,336,993 |