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Nonprofiteer
← FORK FOOD LAB

Form 990 for tax year 2024

Filed by FORK FOOD LAB.

Totals

Total revenue
$1,625,899
Total expenses
$1,549,197
Contributions and grants received
$1,209,728
Grants paid
$70,670
Program service revenue
$410,350
Investment income
$0
Other revenue
$5,821
Total assets, end of year
$3,942,498
Total liabilities, end of year
$4,120,386
Net assets or fund balances, end of year
-$177,888
Program services expenses (Part IX)
$1,196,381
Management and general expenses
$298,111
Fundraising expenses
$54,705
Program service expenses (Part III)
$1,196,381

Program services were 77.2% 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)

    $654,662

  • 1f · All other contributions, gifts and grants

    $555,066

  • 2a · Program service revenue: Membership Fees

    total $410,350 · related or exempt $410,350

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $21,606

  • 10b · Cost of goods sold

    $15,785

  • 10c · Net income from sales of inventory

    total $5,821 · related or exempt $5,821

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,670 · program services $70,670

  • 5 · Compensation of officers, directors and key employees

    total $57,414 · program services $48,802 · management and general $5,741 · fundraising $2,871

  • 7 · Other salaries and wages

    total $249,127 · program services $211,758 · management and general $24,913 · fundraising $12,456

  • 9 · Other employee benefits

    total $29,369 · program services $24,964 · management and general $2,937 · fundraising $1,468

  • 10 · Payroll taxes

    total $109,980 · program services $93,483 · management and general $10,998 · fundraising $5,499

  • 11b · Fees: legal

    total $1,641 · management and general $1,641

  • 11g · Fees: other

    total $17,652 · management and general $17,652

  • 13 · Office expenses

    total $4,435 · management and general $4,435

  • 14 · Information technology

    total $8,025 · management and general $8,025

  • 16 · Occupancy

    total $550,634 · program services $468,039 · management and general $55,063 · fundraising $27,532

  • 17 · Travel

    total $451 · program services $451

  • 20 · Interest

    total $156,950 · management and general $156,950

  • 22 · Depreciation, depletion and amortization

    total $78,260 · program services $66,521 · management and general $7,826 · fundraising $3,913

  • 23 · Insurance

    total $17,803 · program services $15,132 · management and general $1,780 · fundraising $891

  • 24a · Other expenses: Kitchen Supplies & Smallware

    total $157,225 · program services $157,225

  • 24b · Other expenses: Equipment Rental and Repair

    total $11,803 · program services $11,803

  • 24c · Other expenses: Other Costs

    total $1,502 · program services $1,277 · management and general $150 · fundraising $75

  • 24d · Other expenses: Licenses

    total $26,256 · program services $26,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,064 · end of year $175,550

  • 4 · Accounts receivable

    beginning of year $43,112 · end of year $109,957

  • 8 · Inventories for sale or use

    beginning of year $2,155 · end of year $2,155

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,146 · end of year $5,146

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

    $1,359,663

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

    $175,178

  • 10c · Land, buildings and equipment, net

    beginning of year $1,031,398 · end of year $1,184,485

  • 13 · Investments: program-related

    beginning of year $2,116,741 · end of year $2,464,200

  • 15 · Other assets

    beginning of year $113,925 · end of year $1,005

  • 17 · Accounts payable and accrued expenses

    beginning of year $770,871 · end of year $1,448,988

  • 19 · Deferred revenue

    beginning of year $4,669 · end of year $4,669

  • 22 · Loans and payables to officers and key people

    beginning of year $130,486 · end of year $126,188

  • 23 · Secured mortgages and notes payable

    beginning of year $2,571,376 · end of year $2,109,102

  • 24 · Unsecured notes and loans payable

    end of year $329,755

  • 25 · Other liabilities

    beginning of year $37,162 · end of year $101,684

  • 27 · Net assets without donor restrictions

    beginning of year -$196,023 · end of year -$177,888

Mission and programs · 2024

Mission

Fork Food Lab is a nonprofit food business incubator and shared commercial kitchen focused on growing the local food economy. We support the growth of sustainable Maine-based businesses by providing entrepreneurs with work space, equipment, and other resources.

  • Fork Food Lab supported the establishment and growth of over 60 food businesses in 2024. Sixty percent are women-founded and owned. Twenty percent are BIPOC. Most member businesses purchase part or all of their ingredients from local producers.

    Expenses $1,196,381 · Grants $70,670 · Revenue $410,350

As filed on the 2024 return.

Listed in Part VII

  • William Seretta

    Executive Director

    Total calculated
    $57,414
    From this org
    $54,924
    From related orgs
    $0
    Other
    $2,490
    Hours/week
    40

  • Michael J Walker

    Board Chair

    Total calculated
    $0
    Hours/week
    4

  • Thomas Settlemire

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ryan Owens

    Board Member Part-Year

    Total calculated
    $0
    Hours/week
    1

  • John Naylor

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Maeve McInnis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Matt Chin

    Board Secretary

    Total calculated
    $0
    Hours/week
    2

  • Hema Narayan

    Board Vice-Chair Part-Year

    Total calculated
    $0
    Hours/week
    1

  • Ben McCall

    Board Member Part-Year

    Total calculated
    $0
    Hours/week
    1

  • Penny Jordan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Peter Hall

    Board Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Danica Barboza

    Boaad Member

    Total calculated
    $0
    Hours/week
    1

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Fork Food Hub L3C

    RELATED · Shared Food Preparation Facility · ME · 81.74% owned · share of assets $8,913,422

    Directly controlled by Ford Food Lab

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349326297

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