Totals
- Total revenue
- $1,277,839
- Total expenses
- $976,713
- Contributions and grants received
- $865,740
- Grants paid
- $0
- Program service revenue
- $333,855
- Investment income
- $71,016
- Other revenue
- $7,228
- Total assets, end of year
- $3,318,541
- Total liabilities, end of year
- $3,514,564
- Net assets or fund balances, end of year
- -$196,023
- Program services expenses (Part IX)
- $723,075
- Management and general expenses
- $213,607
- Fundraising expenses
- $40,031
- Program service expenses (Part III)
- $723,075
Program services were 74.0% 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)
$846,445
-
1f · All other contributions, gifts and grants
$19,295
-
2a · Program service revenue: Membership Fees
total $333,855 · related or exempt $333,855
-
7a · Gross sales of assets other than inventory
other assets $71,016
-
7c · Gain or loss
other assets $71,016
-
7d · Net gain or loss
total $71,016 · excluded $71,016
-
10a · Gross sales of inventory
$67,560
-
10b · Cost of goods sold
$66,363
-
10c · Net income from sales of inventory
total $1,197 · related or exempt $1,197
-
11a · Other revenue: Miscellaneous Income
total $6,031 · related or exempt $6,031
-
11e · Other revenue, total
$6,031
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $60,703 · program services $51,598 · management and general $6,070 · fundraising $3,035
-
7 · Other salaries and wages
total $233,356 · program services $198,352 · management and general $23,336 · fundraising $11,668
-
9 · Other employee benefits
total $27,048 · program services $22,991 · management and general $2,705 · fundraising $1,352
-
10 · Payroll taxes
total $93,938 · program services $79,847 · management and general $9,394 · fundraising $4,697
-
11b · Fees: legal
total $708 · management and general $708
-
11e · Fees: professional fundraising services
total $4,913 · fundraising $4,913
-
11g · Fees: other
total $5,381 · program services $3,308 · management and general $1,878 · fundraising $195
-
12 · Advertising and promotion
total $5,059 · program services $4,300 · management and general $506 · fundraising $253
-
13 · Office expenses
total $14,259 · management and general $14,259
-
14 · Information technology
total $891 · program services $757 · management and general $89 · fundraising $45
-
16 · Occupancy
total $213,326 · program services $181,327 · management and general $21,333 · fundraising $10,666
-
17 · Travel
total $2,206 · program services $1,875 · management and general $221 · fundraising $110
-
20 · Interest
total $126,915 · management and general $126,915
-
22 · Depreciation, depletion and amortization
total $44,439 · program services $37,773 · management and general $4,444 · fundraising $2,222
-
23 · Insurance
total $17,060 · program services $14,501 · management and general $1,706 · fundraising $853
-
24a · Other expenses: Kitchen Supplies & Smallware
total $98,795 · program services $98,795
-
24b · Other expenses: Equipment Rental and Repair
total $26,701 · program services $26,701
-
24c · Other expenses: Other Costs
total $431 · program services $366 · management and general $43 · fundraising $22
-
24d · Other expenses: Licenses
total $584 · program services $584
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $379,105 · end of year $7,064
-
4 · Accounts receivable
beginning of year $18,101 · end of year $43,112
-
8 · Inventories for sale or use
beginning of year $3,591 · end of year $2,155
-
9 · Prepaid expenses and deferred charges
beginning of year $2,725 · end of year $4,146
-
10a · Land, buildings and equipment: cost or other basis
$1,128,316
-
10b · Land, buildings and equipment: accumulated depreciation
$96,918
-
10c · Land, buildings and equipment, net
beginning of year $1,204,082 · end of year $1,031,398
-
13 · Investments: program-related
end of year $2,116,741
-
15 · Other assets
beginning of year $3,234 · end of year $113,925
-
17 · Accounts payable and accrued expenses
beginning of year $331,937 · end of year $770,871
-
19 · Deferred revenue
end of year $4,669
-
22 · Loans and payables to officers and key people
beginning of year $113,836 · end of year $130,486
-
23 · Secured mortgages and notes payable
beginning of year $1,657,514 · end of year $2,571,376
-
25 · Other liabilities
beginning of year $4,700 · end of year $37,162
-
27 · Net assets without donor restrictions
beginning of year -$497,149 · end of year -$196,023
Mission and programs · 2023
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 50 food businesses in 2023. 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 $723,075 · Revenue $333,855
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William Seretta
Executive Director
- Total calculated
- $60,703
- From this org
- $58,006
- From related orgs
- $0
- Other
- $2,697
- Hours/week
- 40
-
Maeve McInnis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ben McCall
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Penny Jordan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
John Naylor
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Settlemire
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Owens
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael J Walker
Board Chair
- Total calculated
- $0
- Hours/week
- 4
-
Peter Hall
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Matt Chin
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Hema Narayan
Board Vice-Chair
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349321500
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.