Skip to content
Nonprofiteer
← THE CENTER FOR AN AGRICULTURAL ECONOMY

Form 990 for tax year 2024

Filed by THE CENTER FOR AN AGRICULTURAL ECONOMY.

Totals

Total revenue
$6,856,614
Total expenses
$3,972,767
Contributions and grants received
$5,550,176
Grants paid
$192,189
Program service revenue
$1,316,371
Investment income
$1,319
Other revenue
-$11,252
Total assets, end of year
$9,423,058
Total liabilities, end of year
$2,074,259
Net assets or fund balances, end of year
$7,348,799
Program services expenses (Part IX)
$3,116,809
Management and general expenses
$459,509
Fundraising expenses
$396,449
Program service expenses (Part III)
$3,116,809

Program services were 78.5% 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)

    $1,092,260

  • 1f · All other contributions, gifts and grants

    $4,457,916

  • 1g · Noncash contributions included above

    $25

  • 2a · Program service revenue: DELIVERY FEE REVENUE

    total $767,563 · related or exempt $767,563

  • 2b · Program service revenue: AGRICULTURAL SALES

    total $304,248 · related or exempt $304,248

  • 2c · Program service revenue: FACILITY USAGE

    total $178,142 · related or exempt $178,142

  • 2d · Program service revenue: REVOLVING LOAN INTEREST

    total $65,296 · related or exempt $65,296

  • 2e · Program service revenue: OTHER INCOME

    total $1,122 · related or exempt $1,122

  • 3 · Investment income

    total $534 · excluded $534

  • 7a · Gross sales of assets other than inventory

    securities $785

  • 7c · Gain or loss

    securities $785

  • 7d · Net gain or loss

    total $785 · excluded $785

  • 11a · Other revenue: LOSS ON PARTNERSHIP INTEREST

    total -$11,252 · related or exempt -$11,252

  • 11e · Other revenue, total

    -$11,252

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $163,164 · program services $163,164

  • 2 · Grants to domestic individuals

    total $29,025 · program services $29,025

  • 5 · Compensation of officers, directors and key employees

    total $98,083 · program services $15,043 · management and general $61,169 · fundraising $21,871

  • 7 · Other salaries and wages

    total $1,861,631 · program services $1,374,200 · management and general $252,999 · fundraising $234,432

  • 8 · Pension plan contributions

    total $22,106 · program services $18,292 · management and general $1,528 · fundraising $2,286

  • 9 · Other employee benefits

    total $306,592 · program services $249,387 · management and general $19,803 · fundraising $37,402

  • 10 · Payroll taxes

    total $158,019 · program services $118,894 · management and general $20,542 · fundraising $18,583

  • 11b · Fees: legal

    total $21,117 · management and general $21,117

  • 11c · Fees: accounting

    total $22,346 · management and general $22,346

  • 11f · Fees: investment management

    total $588 · management and general $588

  • 12 · Advertising and promotion

    total $20,807 · program services $3,353 · management and general $2,972 · fundraising $14,482

  • 16 · Occupancy

    total $214,679 · program services $206,730 · management and general $7,949

  • 17 · Travel

    total $10,847 · program services $9,894 · management and general $662 · fundraising $291

  • 19 · Conferences, conventions and meetings

    total $18,813 · program services $14,793 · management and general $3,915 · fundraising $105

  • 20 · Interest

    total $12,377 · program services $12,359 · management and general $18

  • 22 · Depreciation, depletion and amortization

    total $83,619 · program services $83,619

  • 23 · Insurance

    total $53,100 · program services $37,202 · management and general $15,898

  • 24a · Other expenses: DISTRIBUTION COSTS

    total $401,983 · program services $401,983

  • 24b · Other expenses: MATERIAL AND SUPPLIES

    total $249,247 · program services $241,687 · management and general $6,660 · fundraising $900

  • 24c · Other expenses: OUTSIDE SERVICES

    total $96,655 · program services $43,784 · management and general $6,618 · fundraising $46,253

  • 24d · Other expenses: SMALL EQUIPMENT

    total $37,533 · program services $35,284 · management and general $2,070 · fundraising $179

  • 24e · All other expenses

    total $90,436 · program services $58,116 · management and general $12,655 · fundraising $19,665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,199,147 · end of year $1,990,743

  • 3 · Pledges and grants receivable

    beginning of year $304,474 · end of year $1,085,341

  • 4 · Accounts receivable

    beginning of year $97,280 · end of year $119,993

  • 7 · Other notes and loans receivable

    beginning of year $1,035,559 · end of year $1,230,774

  • 8 · Inventories for sale or use

    beginning of year $24,145 · end of year $36,777

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,548 · end of year $15,601

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

    $2,341,617

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

    $1,217,155

  • 10c · Land, buildings and equipment, net

    beginning of year $1,126,093 · end of year $1,124,462

  • 12 · Investments: other securities

    beginning of year $40,941 · end of year $43,583

  • 13 · Investments: program-related

    beginning of year $18,304 · end of year $7,052

  • 15 · Other assets

    beginning of year $234,311 · end of year $3,768,732

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,114 · end of year $508,429

  • 23 · Secured mortgages and notes payable

    beginning of year $100 · end of year $811,991

  • 25 · Other liabilities

    beginning of year $388,547 · end of year $753,839

  • 27 · Net assets without donor restrictions

    beginning of year $1,703,887 · end of year $4,872,964

  • 28 · Net assets with donor restrictions

    beginning of year $2,759,154 · end of year $2,475,835

Mission and programs · 2024

Mission

THE CENTER FOR AN AGRICULTURAL ECONOMY SUPPORTS RURAL COMMUNITIES AND WORKING LANDSCAPES BY BUILDING A MORE INTERCONNECTED LOCAL FOOD SYSTEM.

  • FARM CONNEX HELPS WITH ALL ASPECTS OF SELF-DISTRIBUTION. WE SERVICE LOCATIONS IN THE FIRST AND LAST MILE OF VERMONT, CONNECTING OUR PRODUCERS TO A LARGER BASE OF REGIONAL CONSUMERS.

    Expenses $1,365,691 · Revenue $753,937

  • COMMUNITY CONNECTIONS ARE COLLABORATIONS AND SERVICES DESIGNED AND LED WITH PARTNERS AND NEIGHBORS. THESE PROGRAMS HELP BUILD COLLECTIVE, LOCAL RESILIENCE THROUGH COMMUNITY ORGANIZING, SHARED LEARNING, AND FOOD JUSTICE.

    Expenses $759,675 · Grants $186,623 · Revenue $71,245

  • JUST CUT PURCHASES LOCALLY GROWN VEGETABLES AND PREPARES A LINE OF READY- TO-USE PRODUCTS FOR K-12 SCHOOLS, HOSPITALS, COLLEGES, AND COMMERCIAL KITCHENS THROUGHOUT VERMONT AND PARTS OF NEW HAMPSHIRE.

    Expenses $527,390 · Grants $5,566 · Revenue $315,133

  • THE VERMONT FARM FUND, A PROGRAM OF THE CENTER FOR AN AGRICULTURAL ECONOMY, IS A COMMUNITY-BASED CREDIT MODEL IN SERVICE OF A COMMUNITY-BASED FOOD SYSTEM. WE PROVIDE NO-HASSLE, FRIENDLY-TERM LOANS TO VERMONT FARMERS AND FOOD PRODUCERS. THE VERMONT FARM FUND INVESTS IN THE LIVELIHOODS OF FARMERS AND FOOD PRODUCERS. THIS PROGRAM OPERATES AS A TRUE REVOLVING LOAN FUND: AS RECIPIENTS PAY BACK THEIR LOANS, FUNDS ARE REPLENISHED FOR THE NEXT CYCLE OF BORROWERS. VERMONT FOOD VENTURE CENTER AND FARM AND FOOD BUSINESS RESOURCES SINCE 2012, THE VERMONT FOOD VENTURE CENTER HAS BEEN A HUB OF FOOD PROCESSING AND INNOVATION. FOOD BUSINESSES CAN RENT COMMERCIAL KITCHENS BY THE HOUR TO TEST OR SCALE UP THEIR BUSINESS MODELS BEFORE INVESTING IN COSTLY EQUIPMENT AND A DEDICATED PRODUCTION SPACE. WE OFFER THREE COMMERCIAL KITCHENS AND THE SPACE FOR YOUR FOOD BUSINESS TO GROW. THE BUSINESS PLANNERS IN OUR FARM & FOOD BUSINESS RESOURCES TEAM OFFER WRAPAROUND SERVICES, INCLUDING BUSINESS PLANNING, TECHNICAL ASSISTANCE, AND FOOD SAFETY TRAINING, AVAILABLE TO ALL VFVC CLIENTS.

    Expenses $464,053 · Revenue $176,056

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

Listed in Part VII

  • Margie Prevot

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Helen Beattie

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Peter Merrill

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Fan Watkinson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ben Nottermann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christina Goodwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Blair Marvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Libby Mullin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Carroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Levison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Meredith Davis

    DIRECTOR (TO

    Total calculated
    $0
    Hours/week
    2

  • Jon Ramsay

    EXECUTIVE DI

    Total calculated
    $98,084
    From this org
    $95,400
    From related orgs
    $0
    Other
    $2,684
    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.

Grants on this return

  • NORTHEAST KINGDOM ORGANIZING

    $17,655

    OPERATING SUPPORT

  • ACKERMANN DAIRY

    no cash amount reported

    CAPITAL SUPPORT

  • SNUG VALLEY FARM

    no cash amount reported

    CAPITAL SUPPORT

  • HILLSIDE FARM

    no cash amount reported

    CAPITAL SUPPORT

  • SUNDAY BELL FARM

    no cash amount reported

    CAPITAL SUPPORT

  • BREADSEED FARM

    no cash amount reported

    CAPITAL SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.0
Source object
202532889349302743

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.