Skip to content
Nonprofiteer
← THE CENTER FOR AN AGRICULTURAL ECONOMY

Form 990 for tax year 2023

Filed by THE CENTER FOR AN AGRICULTURAL ECONOMY.

Totals

Total revenue
$4,902,744
Total expenses
$3,465,097
Contributions and grants received
$3,695,950
Grants paid
$133,972
Program service revenue
$1,213,995
Investment income
$4,047
Other revenue
-$11,248
Total assets, end of year
$5,110,802
Total liabilities, end of year
$647,761
Net assets or fund balances, end of year
$4,463,041
Program services expenses (Part IX)
$2,772,282
Management and general expenses
$397,127
Fundraising expenses
$295,688
Program service expenses (Part III)
$2,772,282

Program services were 80.0% 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)

    $576,229

  • 1f · All other contributions, gifts and grants

    $3,119,721

  • 1g · Noncash contributions included above

    $451

  • 2a · Program service revenue: DELIVERY FEE REVENUE

    total $763,662 · related or exempt $763,662

  • 2b · Program service revenue: AGRICULTURAL SALES

    total $255,218 · related or exempt $255,218

  • 2c · Program service revenue: FACILITY USAGE

    total $159,724 · related or exempt $159,724

  • 2d · Program service revenue: REVOLVING LOAN INTEREST

    total $35,385 · related or exempt $35,385

  • 2e · Program service revenue: OTHER INCOME

    total $6 · related or exempt $6

  • 3 · Investment income

    total $5,603 · excluded $5,603

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

    other assets $1,556

  • 7c · Gain or loss

    other assets -$1,556

  • 7d · Net gain or loss

    total -$1,556 · excluded -$1,556

  • 11a · Other revenue: LOSS ON PARTNERSHIP INTEREST

    total -$11,248 · related or exempt -$11,248

  • 11e · Other revenue, total

    -$11,248

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $123,972 · program services $123,972

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $93,889 · program services $18,569 · management and general $60,349 · fundraising $14,971

  • 7 · Other salaries and wages

    total $1,601,370 · program services $1,204,494 · management and general $208,405 · fundraising $188,471

  • 8 · Pension plan contributions

    total $13,816 · program services $10,395 · management and general $1,796 · fundraising $1,625

  • 9 · Other employee benefits

    total $105,266 · program services $63,740 · management and general $23,941 · fundraising $17,585

  • 10 · Payroll taxes

    total $133,448 · program services $100,407 · management and general $17,348 · fundraising $15,693

  • 11b · Fees: legal

    total $11,798 · management and general $11,798

  • 11c · Fees: accounting

    total $15,488 · management and general $15,488

  • 12 · Advertising and promotion

    total $9,689 · program services $965 · management and general $4,701 · fundraising $4,023

  • 16 · Occupancy

    total $174,193 · program services $170,821 · management and general $3,372

  • 17 · Travel

    total $9,971 · program services $8,862 · management and general $926 · fundraising $183

  • 19 · Conferences, conventions and meetings

    total $11,011 · program services $4,527 · management and general $6,260 · fundraising $224

  • 20 · Interest

    total $112 · program services $112

  • 22 · Depreciation, depletion and amortization

    total $81,225 · program services $81,225

  • 23 · Insurance

    total $40,114 · program services $25,827 · management and general $14,287

  • 24a · Other expenses: MATERIAL AND SUPPLIES

    total $378,909 · program services $373,288 · management and general $4,668 · fundraising $953

  • 24b · Other expenses: DISTRIBUTION COSTS

    total $355,419 · program services $355,419

  • 24c · Other expenses: OUTSIDE SERVICES

    total $149,587 · program services $105,720 · management and general $4,748 · fundraising $39,119

  • 24d · Other expenses: SMALL EQUIPMENT

    total $37,678 · program services $36,025 · management and general $1,317 · fundraising $336

  • 24e · All other expenses

    total $108,142 · program services $77,914 · management and general $17,723 · fundraising $12,505

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $884,821 · end of year $2,199,147

  • 3 · Pledges and grants receivable

    beginning of year $169,778 · end of year $304,474

  • 4 · Accounts receivable

    beginning of year $117,830 · end of year $97,280

  • 7 · Other notes and loans receivable

    beginning of year $856,735 · end of year $1,035,559

  • 8 · Inventories for sale or use

    end of year $24,145

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,601 · end of year $30,548

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

    $2,259,629

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

    $1,133,536

  • 10c · Land, buildings and equipment, net

    beginning of year $1,088,604 · end of year $1,126,093

  • 12 · Investments: other securities

    beginning of year $35,685 · end of year $40,941

  • 13 · Investments: program-related

    beginning of year $29,552 · end of year $18,304

  • 15 · Other assets

    beginning of year $262,236 · end of year $234,311

  • 17 · Accounts payable and accrued expenses

    beginning of year $171,895 · end of year $259,114

  • 23 · Secured mortgages and notes payable

    beginning of year $6,596 · end of year $100

  • 25 · Other liabilities

    beginning of year $264,957 · end of year $388,547

  • 27 · Net assets without donor restrictions

    beginning of year $1,402,874 · end of year $1,703,887

  • 28 · Net assets with donor restrictions

    beginning of year $1,622,520 · end of year $2,759,154

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $1,175,655 · Revenue $763,662

  • COMMUNITY CONNECTIONS - 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.

    Expenses $809,020 · Grants $11,316

  • 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.

    Expenses $267,217 · Grants $25,000 · Revenue $255,224

  • 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. VERMONT FOOD VENTURE CENTER - THE VFVC IS A SHARED-USE KITCHEN AND FOOD BUSINESS INCUBATOR AVAILABLE TO VALUE-ADDED AND SPECIALTY FOOD PRODUCERS LOOKING TO LAUNCH OR SCALE UP THEIR FOOD-BASED ENTERPRISE. VFVC CLIENTS CAN RENT THE KITCHENS ON AN HOURLY BASIS, UTILIZE CO-PACKING SERVICES, AND TAKE ADVANTAGE OF TECHNICAL ASSISTANCE WORKSHOPS AND A SUITE OF BUSINESS ADVISING SERVICES. THE VFVC IS DESIGNED TO MEET ALL THE MISSION ELEMENTS OF CAE BY PROVIDING INFRASTRUCTURE, EDUCATION, AND TECHNICAL ASSISTANCE TO DEVELOP AND PROMOTE THE VIABILITY OF THE LOCAL AGRICULTURAL ECONOMY. 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 $520,390 · Grants $97,656 · Revenue $195,109

As filed on the 2023 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

  • Meredith Davis

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ben Nottermann

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Libby Mullin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Meyer

    DIRECTOR (TO

    Total calculated
    $0
    Hours/week
    2

  • Fan Watkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Merrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Blair Marvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Emily Maclure

    DIRECTOR (TO

    Total calculated
    $0
    Hours/week
    2

  • Jon Ramsay

    EXECUTIVE DI

    Total calculated
    $93,889
    From this org
    $93,889
    From related orgs
    $0
    Other
    $0
    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

  • ORLEANS SOUTHWEST SUPERVISORY UNION

    $25,000

    EQUIPMENT PURCHASE

  • CIVIC STANDARD

    $11,098

    PROGRAM SUPPORT

  • VERMONT RABBITRY

    no cash amount reported

    CAPITAL SUPPORT

  • SPARROW ARC FARM

    no cash amount reported

    CAPITAL SUPPORT

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443199349313599

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.