Farm Share Inc

FARM SHARE, INC. IS A 501(C)(3) FLORIDA NOT FOR PROFIT FOOD BANK DEDICATED TO FIGHTING FOOD INSECURITY IN FLORIDA.

FARM SHARE, INC. (THE ORGANIZATION") IS A NON-PROFIT ORGANIZATION AND WAS INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA ON JULY 8, 1992 AS A 501C3 CORPORATION THAT IS TAX-EXEMPT UNDER THE PROVISION OF THE INTERNAL REVENUE CODE. THE ORGANIZATION'S MISSION IS TO ALLEVIATE HUNGER AND FIGHT POVERTY BY RECOVERING AND DISTRIBUTING HEALTHY AND NUTRITIOUS FRUITS, VEGETABLES, PROTEINS AND OTHER NON-PERISHABLE FOOD TO FLORIDA FAMILIES, CHILDREN, SENIORS AND INDIVIDUALS IN NEED. OUR GOAL IS THAT NO FLORIDIAN GOES HUNGRY AND NO FOOD GOES TO WASTE.FARM SHARE RECOVERS AND DISTRIBUTES MORE THAN 100 MILLION POUNDS OF FOOD ANNUALLY THROUGHOUT THE STATE OF FLORIDA UTILIZING ITS NETWORK OF NEARLY 2,000 PARTNER AGENCIES AND FLEET OF SEMI-TRUCKS AND REFRIGERATED BOX TRUCKS. THIS IS THE EQUIVALENT OF MORE THAN 83 MILLION MEALS. APPROXIMATELY 90% OF FARM SHARE'S FOOD IS DISTRIBUTED THROUGH ITS PARTNER AGENCY NETWORK. FARM SHARE ALSO HOLDS MORE THAN 600 ANNUAL DIRECT COMMUNITY FOOD DISTRIBUTION EVENTS THAT FOCUS ON DISTRIBUTING HEALTHY AND NUTRITIOUS FOOD TO FOOD DESERT COMMUNITIES STATEWIDE. FARM SHARE ACCOMPLISHES ALL OF THIS WHILE MANAGING TO KEEP ITS ADMINISTRATIVE COSTS AT LESS THAN 1% OF THE VALUE OF ALL DONATIONS RECEIVED ANNUALLY. IN ADDITION TO THE MORE THAN 100 MILLION POUNDS OF FOOD THAT PASSES THROUGH ITS WAREHOUSES EACH YEAR, FARM SHARE ALSO HELPS GENERATE ON AVERAGE MORE THAN 10 MILLION POUNDS OF NON-PERISHABLE FOOD PRODUCTS AS A RESULT OF ITS PARTNERSHIP WITH THE NATIONAL ASSOCIATION OF LETTER CARRIERS. FARM SHARE HELPS TO LOGISTICALLY PLAN, COORDINATE, MARKET AND PROMOTE THIS ONE DAY FOOD DRIVE THAT GENERATES MILLIONS OF POUNDS OF FOOD THAT IS COLLECTED AND DISTRIBUTED LOCALLY BY PARTNER AGENCIES. FARM SHARE IS THE STATEWIDE LEADER IN ACQUIRING AND DISTRIBUTING HEALTHY AND NUTRITIOUS FRESH FRUITS AND VEGETABLES TO PERSONS IN NEED. THANKS TO OUR GREAT RELATIONSHIPS AND PARTNERSHIPS WITH FLORIDA'S FARMERS WE ARE ABLE TO RECOVER OVER 25 MILLION POUNDS OF FRUITS AND VEGETABLES EACH YEAR THAT WOULD OTHERWISE NOT MAKE IT TO MARKET AND BE THROWN AWAY. THIS IS A WIN/WIN FOR THE FARMERS, HUNGRY FLORIDIANS AND THE ENVIRONMENT. FARM SHARE ALSO DISTRIBUTES ALL OF ITS FRUITS, VEGETABLES, CANNED GOODS AND PROTEINS FREE OF CHARGE TO BOTH ITS PARTNER AGENCIES AND INDIVIDUALS AND FAMILIES IN NEED. OTHER FOOD BANKS CHARGE A SHARED MAINTENANCE FEE AND/OR DELIVERY FEE AS A CONDITION OF RECEIVING THEIR FOOD. THESE COSTS CAN MAKE IT IMPOSSIBLE FOR LOCAL SOUP KITCHENS, FOOD PANTRIES, CHURCH ORGANIZATIONS AND OTHERS TO ACQUIRE THIS FOOD TO FEED THEIR COMMUNITIES. THIS ESPECIALLY AFFECTS THOSE AGENCIES SERVING THE POOREST COMMUNITIES THAT ARE IN THE MOST NEED. BY NOT CHARGING ANY FEES, FARM SHARE IS ABLE TO MAKE SURE THESE COMMUNITIES CONTINUE TO BE FED AND HAVE ACCESS TO LIFE SUSTAINING FOOD. LASTLY, FARM SHARE IS ALSO A LEADER IN DISASTER RELIEF OPERATIONS. DURING TIMES OF NATURAL OR MAN-MADE DISASTERS, FARM SHARE IS A FIRST RESPONDER ORGANIZATION THAT PROVIDES IMMEDIATE FOOD, WATER AND OTHER DISASTER SUPPLIES TO THE AFFECTED COMMUNITIES. DURING HURRICANE IRMA AND MICHAEL FARM SHARE PROVIDED MORE THAN 1.8 AND 2.1 MILLION POUNDS OF THESE SUPPLIES WITHIN THE FIRST 10- 13 DAYS AFTER LANDFALL. DURING THE COVID-19 PANDEMIC, FARM SHARE DISTRIBUTED MORE THAN 4 MILLION POUNDS OF FOOD WEEKLY DURING THE PANDEMICS PEAK AND MORE THAN 135 MILLION POUNDS OF FOOD DURING THE 12 MONTHS FROM MARCH 2020 TO MARCH 2021. MOST RECENTLY FARM SHARE PROVIDED LIFE SUSTAINING FOOD, WATER AND DISASTER RELIEF SUPPLIES TO COMMUNITIES AFFECTED BY HURRICANE IAN. FARM SHARE HAD SIX (6) SEMI-TRUCKS IN AFFECTED AREAS THE DAY AFTER IAN MADE LANDFALL. WITHIN 10 DAYS WE HAD DELIVERED OVER 48 SEMI-TRUCKS FULL OF AID. DUE TO THE NATURE OF THE ORGANIZATION'S FOOD BANKING ACTIVITIES, A LARGE PORTION OF ITS REVENUE AND EXPENSES RESULT FROM CONTRIBUTED FOOD & OTHER GOODS AND THEIR SUBSEQUENT DISTRIBUTION. CONTRIBUTED FOOD & GOODS ON-HAND AT THE END OF THE FISCAL YEAR ARE HELD AS INVENTORY. DEPENDING ON THE TIMING OF THESE CONTRIBUTIONS AND DISTRIBUTIONS THIS SWING IN INVENTORY CAN CREATE LARGE NON-MONETARY GAINS AND LOSSES FROM FISCAL YEAR TO FISCAL YEAR. THIS PRESENTATION HAS BEEN SEGREGATED IN THE BODY OF THE FINANCIAL STATEMENTS TO BETTER DISCLOSE THE NATURE OF THESE MONETARY AND NON-MONETARY ACTIVITIES.