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Nonprofiteer
← FARM SHARE INC

Form 990 for tax year 2024

Filed by FARM SHARE INC.

Totals

Total revenue
$199,636,352
Total expenses
$202,423,403
Contributions and grants received
$199,015,627
Grants paid
$189,181,779
Program service revenue
$0
Investment income
$484,539
Other revenue
$136,186
Total assets, end of year
$28,038,104
Total liabilities, end of year
$1,843,574
Net assets or fund balances, end of year
$26,194,530
Program services expenses (Part IX)
$201,244,709
Management and general expenses
$546,042
Fundraising expenses
$632,652
Program service expenses (Part III)
$201,244,709

Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $10,401,394

  • 1f · All other contributions, gifts and grants

    $188,614,233

  • 1g · Noncash contributions included above

    $186,664,319

  • 3 · Investment income

    total $415,793 · excluded $415,793

  • 7a · Gross sales of assets other than inventory

    securities $752,083

  • 7b · Less cost or other basis and sales expenses

    securities $683,337

  • 7c · Gain or loss

    securities $68,746

  • 7d · Net gain or loss

    total $68,746 · excluded $68,746

  • 9a · Gaming: gross income

    $207,489

  • 9b · Gaming: direct expenses

    $118,191

  • 9c · Net income from gaming

    total $89,298 · related or exempt $89,298

  • 11a · Other revenue: OTHER INCOME

    total $46,888 · related or exempt $46,888

  • 11e · Other revenue, total

    $46,888

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $189,181,779 · program services $189,181,779

  • 5 · Compensation of officers, directors and key employees

    total $418,712 · program services $207,495 · management and general $199,041 · fundraising $12,176

  • 7 · Other salaries and wages

    total $4,419,024 · program services $4,007,808 · management and general $196,241 · fundraising $214,975

  • 9 · Other employee benefits

    total $694,119 · program services $604,785 · management and general $56,710 · fundraising $32,624

  • 10 · Payroll taxes

    total $347,649 · program services $302,906 · management and general $28,403 · fundraising $16,340

  • 11g · Fees: other

    total $307,876 · program services $228,293 · management and general $40,319 · fundraising $39,264

  • 13 · Office expenses

    total $33,140 · program services $32,477 · management and general $663

  • 16 · Occupancy

    total $641,562 · program services $628,730 · management and general $12,832

  • 19 · Conferences, conventions and meetings

    total $275 · program services $275

  • 22 · Depreciation, depletion and amortization

    total $807,056 · program services $807,056

  • 23 · Insurance

    total $400,979 · program services $392,959 · management and general $8,020

  • 24a · Other expenses: TRUCKING AND HAULING

    total $1,911,028 · program services $1,911,028

  • 24b · Other expenses: REPAIR AND MAINTENANCE

    total $966,440 · program services $966,354 · management and general $86

  • 24c · Other expenses: FUEL, OIL AND PROPANE

    total $703,205 · program services $703,205

  • 24d · Other expenses: LEASE COST EXPENSES

    total $563,343 · program services $563,343

  • 24e · All other expenses

    total $1,027,216 · program services $706,216 · management and general $3,727 · fundraising $317,273

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,001,946 · end of year $3,923,153

  • 3 · Pledges and grants receivable

    beginning of year $3,274,435 · end of year $2,058,805

  • 8 · Inventories for sale or use

    beginning of year $10,155,962 · end of year $7,638,503

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,297 · end of year $110,808

  • 10a · Land, buildings and equipment: cost or other basis

    $9,495,108

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,865,789

  • 10c · Land, buildings and equipment, net

    beginning of year $3,018,769 · end of year $2,629,319

  • 11 · Investments: publicly traded securities

    beginning of year $9,459,557 · end of year $10,250,315

  • 15 · Other assets

    beginning of year $1,905,505 · end of year $1,427,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $781,467 · end of year $457,893

  • 25 · Other liabilities

    beginning of year $1,859,263 · end of year $1,385,681

  • 27 · Net assets without donor restrictions

    beginning of year $28,282,741 · end of year $26,194,530

Mission and programs · 2024

Mission

A.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. B.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 800 ANNUAL DIRECT COMMUNITY FOOD DISTRIBUTION EV

Activities or mission (Part I)

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 ORGANIZATIONS 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 SHARES FOOD IS DISTRIBUTED THROUGH ITS PARTNER AGENCY NETWORK. FARM SHARE ALSO HOLDS MORE THAN 800 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 FLORIDAS FARMERS WE ARE ABLE TO RECOVER OVER 18 - 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 AND HURRICANE IDALIA WITH SEMI-TRUCKS OF AID MAKING DISTRIBUTIONS THE DAY AFTER EACH STORM MADE LANDFALL. DUE TO THE NATURE OF THE ORGANIZATIONS 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.

    Expenses $201,244,709 · Grants $189,181,779

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Hartz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Chris Cobb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Charles Porter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Maria A Santoro Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Peter K Spillis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sarah Anderson

    CFO

    Total calculated
    $137,970
    From this org
    $128,269
    From related orgs
    $0
    Other
    $9,701
    Hours/week
    40
  • Stephen Shelley

    CEO

    Total calculated
    $198,515
    From this org
    $174,674
    From related orgs
    $0
    Other
    $23,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,674
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $23,841
    Filer's total
    $198,515
  • James Chance

    SEMI-TRUCK D

    Total calculated
    $115,945
    From this org
    $105,999
    From related orgs
    $0
    Other
    $9,946
    Hours/week
    40
  • Todd Whitley

    SEMI-TRUCK D

    Total calculated
    $111,751
    From this org
    $101,805
    From related orgs
    $0
    Other
    $9,946
    Hours/week
    40
  • Dennis Maytan

    COO

    Total calculated
    $115,926
    From this org
    $115,769
    From related orgs
    $0
    Other
    $157
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
31 March 2026
IRS schema version
2024v5.0
Source object
202640829349301034

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