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Nonprofiteer
← REPUBLIC FOOD ENTERPRISE CENTER INC

Form 990 for tax year 2023

Filed by REPUBLIC FOOD ENTERPRISE CENTER INC.

Totals

Total revenue
$1,553,494
Total expenses
$236,445
Contributions and grants received
$11,709
Grants paid
$0
Program service revenue
$15,381
Investment income
$17
Other revenue
$1,526,387
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$236,445
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$236,445

Program services were 100.0% 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)

    $11,709

  • 2f · All other program service revenue

    total $15,381 · related or exempt $15,381

  • 3 · Investment income

    total $17 · related or exempt $17

  • 6a · Gross rents

    real property $91,087

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $91,087

  • 6d · Net rental income or loss

    total $91,087 · related or exempt $91,087

  • 10a · Gross sales of inventory

    $38,023

  • 10b · Cost of goods sold

    $56,141

  • 10c · Net income from sales of inventory

    total -$18,118 · related or exempt -$18,118

  • 11a · Other revenue: TRANSFER FROM AFFILIAT

    total $1,453,418 · related or exempt $1,453,418

  • 11e · Other revenue, total

    $1,453,418

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $32,591 · program services $32,591

  • 9 · Other employee benefits

    total $16,974 · program services $16,974

  • 11g · Fees: other

    total $1,690 · program services $1,690

  • 12 · Advertising and promotion

    total $506 · program services $506

  • 16 · Occupancy

    total $37,383 · program services $37,383

  • 17 · Travel

    total $1,356 · program services $1,356

  • 20 · Interest

    total $30,706 · program services $30,706

  • 22 · Depreciation, depletion and amortization

    total $7,671 · program services $7,671

  • 23 · Insurance

    total $4,770 · program services $4,770

  • 24a · Other expenses: RENT

    total $56,166 · program services $56,166

  • 24b · Other expenses: SUPPLIES

    total $15,632 · program services $15,632

  • 24c · Other expenses: TRANSPORTATION

    total $10,024 · program services $10,024

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $7,651 · program services $7,651

  • 24e · All other expenses

    total $13,325 · program services $13,325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,328 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $44,042 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $11,773 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $33,438 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $893 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,085

  • 19 · Deferred revenue

    beginning of year $1,217

  • 25 · Other liabilities

    beginning of year $1,566,170 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,316,998 · end of year $0

Mission and programs · 2023

Mission

THE REPUBLIC FOOD ENTERPRISE CENTER IS A NON-PROFIT CENTER DEVELOPED TO INCREASE ACCESS TO FRESH, LOCALLY SOURCED PRODUCE AND CREATE ECONOMIC PROSPERITY FOR FARMERS AND ITS LOW-INCOME EMPLOYEES. THROUGH PARTNERSHIPS WITH REGIONAL FOOD BANKS, FARMERS' MARKETS, A COMMUNITY SUPPORTED AGRICULTURE PROGRAM, A FARM-TO-SCHOOL PROGRAM, CONTRACTS WITH GROWERS, A SHARED-USE KITCHEN, AND MORE, THE RFEC IS WORKING TO INCREASE THE HEALTH OF THE REGION. THE GOALS OF THE RFEC ARE TO INCREASE REGIONAL CONSUMPTION OF, AND ACCESS TO, LOCALLY PRODUCED AGRICULTURAL PRODUCTS AND DEVELOP NEW MARKET OPPORTUNITIES FOR FARM OPERATIONS SERVING LOCAL MARKETS. THE RFEC WORKS TO ELIMINATE FOOD DESERTS THROUGHOUT THE REGION; INTRODUCE HEALTHY, LOCAL, AND FRESH FOOD OPTIONS; AND SERVE A COMPREHENSIVE RESPONSE TO THE LOCAL FOOD, FARM, AND NUTRITION ISSUES FACED BY OUR RESISDENTS.

Activities or mission (Part I)

THE REPUBLIC FOOD ENTERPRISE CENTER IS A NON-PROFIT CENTER TO INCREASE ACCESS TO FRESH, LOCALLY SOURCED PRODUCE AND CREATE ECONOMIC PROSPERITY FOR FARMERS AND ITS LOW-INCOME EMPLOYEES. THROUGH PARTNERSHIPS WITH REGIONAL FOOD BANKS, FARMERS' MARKETS, A COMMUNITY SUPPORTED AGRICULTURE PROGRAM, A FARM-TO-SCHOOL PROGRAM, CONTRACTS WITH GROWERS, A SHARED-USE KITCHEN,AND MORE, THE RFEC IS WORKING TO INCREASE THE HEALTH OF THE REGION. THE GOALS OF THE RFEC ARE TO INCREASE REGIONAL CONSUMPTION OF, AND ACCESS TO LOCALLY PRODUCED AGRICULTURAL PRODUCTS AND DEVELOP NEW MARKET OPPORTUNITIES FOR FARM OPERATIONS SERVING LOCAL MARKETS.

  • REPUBLIC FOOD ENTERPRISE CENTER (RFEC) SERVES AS A COMPREHENSIVE CENTER THAT RESPONDS TO THE APPALACHIAN REGION BY STIMULATING AGRICULTURAL PRODUCTION, PRODUCING VALUE ADDED PRODUCTS, AND DISTRIBUTING LOCAL PRODUCE. RFEC ALSO PROVIDES EXTENSIVE SUPPORT TO LOCAL ENTREPRENEURS AND SUPPORTS THE ECONOMY BY CREATING JOBS AND MARKETS FOR AGRICULTURE PRODUCTION AND SUSTAINABILITY. THE RFEC FACILITY PROVIDES THE USE OF A COMMERCIAL KITCHEN FOR ENTREPRENEURS AS WELL AS LEASED STORAGE AND FREEZER SPACE.

    Expenses $236,445 · Revenue $1,541,785

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kim Hawk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joyce Williams

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rita Masi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bob Bakos

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Wilson

    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
19 November 2024
IRS schema version
2023v5.1
Source object
202403259349300420

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