The Center For An Agricultural Economy
- Assets
- $3.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Hardwick, VT
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 57-1201683
Organization Overview
The Center For An Agricultural Economy is located in Hardwick, VT. The organization was established in 2006. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Center For An Agricultural Economy employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For An Agricultural Economy 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, Center For An Agricultural Economy generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 20.8% 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 ENGAGE THE PUBLIC IN BUILDING A REGENERATIVE, LOCALLY-BASED HEALTHY FOOD SYSTEM BY PROVIDING COMMUNITY OPEN SPACE FOR AGRICULTURAL EDUCATION AND PUBLIC EVENTS, THROUGH RESEARCH AND DEVELOPMENT OF VALUE ADDED AND LOCAL PRODUCTS TO ENHANCE THE STRENGTH OF VERMONT AGRICULTURE, AND THROUGH ASSISTING IN HUNGER RELIEF AND LOCAL FOOD ACCESS PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARM CONNEX - CAES FARM PRODUCT DELIVERY SERVICE OPERATES UNIQUELY AS A DELIVERY SERVICE, RATHER THAN AS A DISTRIBUTOR, FOR SMALL AND MEDIUM FARMS AND FOOD BUSINESSES THAT MAY NOT BE ABLE TO UTILIZE LARGER DISTRIBUTION CHAINS IN ORDER TO ACCESS WHOLESALE MARKETS IN THE REGION. FARM CONNEX SERVES OVER 60 FARMS THROUGHOUT VERMONT, PICKING UP PRODUCTS AND DELIVERING THEM TO THEIR MARKETS.
COMMUNITY PROGRAMS - CAE'S COMMUNITY PROGRAMS RAISE AWARENESS OF THE LOCAL FOOD SYSTEM AND CREATE COLLABORATIVE PARTNERSHIPS TO ENHANCE THE COMMUNITY'S UNDERSTANDING OF FOOD AND FARMING AND RELIEVE THE INCIDENCE OF HUNGER THROUGH LOCAL FOOD ACCESS. THE PROGRAM INCLUDES OUR MANAGEMENT OF THE HARDWICK COMMUNITY GARDENS AT ATKINS FIELD, OUR GROW YOUR OWN EDUCATIONAL WORKSHOP SERIES WITH THE HARDWICK AREA FOOD PANTRY, OUR PLACE- BASED EDUCATION INITIATIVES WITHIN THE OSSU SCHOOL DISTRICT, AND HUNGER RELIEF AND FOOD SOVEREIGNTY INITIATIVES THROUGH OUR FOOD JUSTICE PROGRAM.
JUST CUT - CAES FARM-TO-INSTITUTION PROGRAM LIGHTLY PROCESSES LOCAL FARM- FRESH PRODUCE FOR SALE AND DISTRIBUTION TO VERMONTS PUBLIC SCHOOLS, COLLEGES, AND HOSPITALS. BY PARTNERING WITH LOCAL FARMERS, FOOD BUYERS ACROSS NEW ENGLAND, AND A REGIONAL DELIVERY NETWORK, WE HELP ENSURE THE VIABILITY OF VERMONTS WORKING LANDSCAPES AND PROVIDE GREATER ACCESSIBILITY OF HIGH-QUALITY PRODUCE TO ALL MARKETS.
VERMONT FARM FUND - CAE'S REVOLVING LOAN FUND FOR LOCAL FARMERS AND FOOD PRODUCERS. THE FUND WAS DEVELOPED IN RESPONSE TO INCREASING DEMAND FROM FARMERS WHO WERE STARTING NEW ENTERPRISES OR MOVING ONTO NEW LAND, AND NEEDED CAPITAL TO FUND INFRASTRUCTURE IMPROVEMENTS OR EQUIPMENT TO GET UP AND RUNNING. THIS IS A TRUE REVOLVING LOAN FUND, AS THE COMMUNITY OF RECIPIENTS PAY BACK THEIR LOANS, FUNDS ARE REPLENISHED FOR THE NEXT CYCLE OF BORROWERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Ramsay Executive Di | Officer | 40 | $88,600 |
Kristin Blodgett Deputy Direc | Officer | 32 | $64,528 |
Helen Beattie Co-Chair | OfficerTrustee | 2 | $0 |
Margie Prevot Co-Chair | OfficerTrustee | 2 | $0 |
Ben Nottermann Secretary | OfficerTrustee | 2 | $0 |
Andrew Meyer Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $512,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,616,274 |
| Noncash contributions included in lines 1a–1f | $510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,128,557 |
| Total Program Service Revenue | $1,014,771 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,125,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,500 |
| 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. | $157,464 |
| Compensation of current officers, directors, key employees. | $104,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,012,262 |
| Pension plan accruals and contributions | $14,049 |
| Other employee benefits | $90,910 |
| Payroll taxes | $83,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,952 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,322 |
| Travel | $5,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,689 |
| Interest | $1,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,843 |
| Insurance | $51,598 |
| All other expenses | $102,635 |
| Total functional expenses | $2,743,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $974,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $228,097 |
| Accounts receivable, net | $79,914 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $603,156 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,146 |
| Net Land, buildings, and equipment | $1,199,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $41,249 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,140,662 |
| Accounts payable and accrued expenses | $132,844 |
| 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 | $12,318 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $145,162 |
| Net assets without donor restrictions | $1,480,668 |
| Net assets with donor restrictions | $1,514,832 |
| 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 | $3,140,662 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Center For An Agricultural Economy has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Lintilhac Foundation Shelburne, VT PURPOSE: CONNECTING VERMONT PRODUCETO REGIONAL INSTITUTIONS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For An Agricultural Economy Hardwick, VT | $3,140,662 | $3,125,886 |
Environmental Grantmakers Association New York, NY | $3,826,328 | $3,211,858 |
Vermont Youth Conservation Corps Inc Richmond, VT | $4,132,419 | $2,360,052 |
The Stringer Foundation New York, NY | $22,298,258 | $2,265,089 |
North Shore Innoventures Inc Beverly, MA | $2,743,433 | $2,186,020 |
Museum At Eldridge Street New York, NY | $3,528,526 | $1,744,110 |
New Economy Coalition Inc Cambridge, MA | $1,630,247 | $2,011,256 |
Alliance To Protect Nantucket Sound Inc Hyannis, MA | $1,586,755 | $1,119,261 |
Energy For Common Good Inc Concord, MA | $153,854 | $1,003,500 |
Blue Mountain Center Blue Mountain Lake, NY | $22,198,352 | $2,163,643 |
North American Passive House Network Inc New York, NY | $37,915 | $662,900 |
Brooklyn Greenway Initative Brooklyn, NY | $362,698 | $657,211 |