Rusted Gate Farm
- Assets
- $23.3m
- Revenue
- $336.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Central Point, OR
- Founding
- 01/2020
- Data as of
- 03/2024
- EIN
- 84-3639281
Organization Overview
Rusted Gate Farm is located in Central Point, OR. The organization was established in 2020. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 03/2024, Rusted Gate Farm employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rusted Gate Farm 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 03/2024, Rusted Gate Farm generated $336.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.7%) each year. All expenses for the organization totaled $2.4m during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING ENVIRONMENTALLY FRIENDLY, SUSTAINABLE AND FINANCIALLY VIABLE AGRICULTURAL FARMING TECHNIQUES THROUGH RESEARCH, EXPERIMENTATION, DEMONSTRATION, EDUCATION AND OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Ann Shannon Executive Director | Officer | 40 | $122,631 |
Matt Borman President | Trustee | 2 | $0 |
Martin Goebel Secretary | Trustee | 2 | $0 |
Mike Finley Treasurer | Trustee | 2 | $0 |
Christy Walton Founder | Trustee | 2 | $0 |
Vincent Smith Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,215 |
| Total Program Service Revenue | $405,781 |
| Investment income | $242,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,790 |
| Net Gain/Loss on Asset Sales | -$483,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $336,086 |
| 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. | $120,149 |
| Compensation of current officers, directors, key employees. | $120,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,615 |
| Payroll taxes | $71,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,450 |
| Fees for services: Accounting | $50,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,158 |
| Advertising and promotion | $21,667 |
| Office expenses | $6,962 |
| Information technology | $20,514 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,816 |
| 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 | $567,025 |
| Insurance | $101,629 |
| All other expenses | $66,315 |
| Total functional expenses | $2,388,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,923,195 |
| 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 | $259,780 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,088,302 |
| Investments—publicly traded securities | $4,226,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,773,657 |
| Total assets | $23,271,214 |
| 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 | $48,458 |
| Total liabilities | $48,458 |
| 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 | $23,222,756 |
| Total liabilities and net assets/fund balances | $23,271,214 |