Mill City Farmers Market Inc
- Assets
- $617.9k
- Revenue
- $204.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 56-2647640
Organization Overview
Mill City Farmers Market Inc is located in Minneapolis, MN. As of 12/2023, Mill City Farmers Market Inc employed 10 individuals. Mill City Farmers Market Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Mill City Farmers Market Inc generated $204.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $227.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A HEALTHY COMMUNITY BY PROVIDING LOCAL, SUSTAINABLE AND ORGANIC FOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE AND MANAGE WEEKLY FARMERS MARKETS TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOCAL FARMERS AND FOOD MAKERS: SUPPORT AND NURTURE MARKET VENDORS TO ENSURE THEIR SUCCESS. PROMOTE AND EDUCATE THE COMMUNITY ON SUSTAINABLE, REGENERATIVE FARMING PRACTICES AND ENVIRONMENTAL CONSERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Mcmanus Board Chair | OfficerTrustee | 0.5 | $0 |
Jill Holter Board Secretary | OfficerTrustee | 0.5 | $0 |
Rhys Williams Board Treasurer | OfficerTrustee | 0.5 | $0 |
Steven Horner Director | Trustee | 0.5 | $0 |
Faye Jones Director | Trustee | 0.5 | $0 |
David Stevens Director | Trustee | 0.5 | $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 | $104,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,136 |
| Total Program Service Revenue | $96,835 |
| Investment income | $319 |
| 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 | -$335 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,677 |
| 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 | $140,868 |
| Pension plan accruals and contributions | $7,854 |
| Other employee benefits | $0 |
| Payroll taxes | $21,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $817 |
| Advertising and promotion | $6,519 |
| Office expenses | $2,830 |
| Information technology | $3,790 |
| Royalties | $4,724 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,988 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,449 |
| All other expenses | $63 |
| Total functional expenses | $227,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,928 |
| Savings and temporary cash investments | $261,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,850 |
| 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 | $3,345 |
| Total assets | $617,914 |
| Accounts payable and accrued expenses | $53,902 |
| 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 | $53,902 |
| Net assets without donor restrictions | $552,387 |
| Net assets with donor restrictions | $11,625 |
| 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 | $617,914 |