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Nonprofiteer
← FARMERS MARKET FUND

Form 990 for tax year 2023

Filed by FARMERS MARKET FUND.

Totals

Total revenue
$2,753,784
Total expenses
$4,895,177
Contributions and grants received
$2,729,693
Grants paid
$4,241,685
Program service revenue
$865
Investment income
$21,726
Other revenue
$1,500
Total assets, end of year
$2,399,425
Total liabilities, end of year
$355,940
Net assets or fund balances, end of year
$2,043,485
Program services expenses (Part IX)
$4,717,459
Management and general expenses
$103,677
Fundraising expenses
$74,041
Program service expenses (Part III)
$4,717,459

Program services were 96.4% 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)

    $2,541,314

  • 1f · All other contributions, gifts and grants

    $188,379

  • 2a · Program service revenue: FISCAL SPONSOR FEES

    total $865 · related or exempt $865

  • 3 · Investment income

    total $21,726 · excluded $21,726

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $1,500 · related or exempt $1,500

  • 11e · Other revenue, total

    $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,225,760 · program services $4,225,760

  • 2 · Grants to domestic individuals

    total $15,925 · program services $15,925

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $134,568 · program services $117,808 · management and general $8,095 · fundraising $8,665

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $112,574 · program services $98,592 · management and general $6,737 · fundraising $7,245

  • 8 · Pension plan contributions

    total $3,862 · program services $3,356 · management and general $255 · fundraising $251

  • 9 · Other employee benefits

    total $8,095 · program services $7,034 · management and general $535 · fundraising $526

  • 10 · Payroll taxes

    total $26,451 · program services $23,057 · management and general $1,697 · fundraising $1,697

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,935 · management and general $1,935

  • 11c · Fees: accounting

    total $10,813 · management and general $10,813

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $21,388 · fundraising $21,388

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $232,669 · program services $167,997 · management and general $34,438 · fundraising $30,234

  • 12 · Advertising and promotion

    total $2,492 · program services $1,584 · management and general $908

  • 13 · Office expenses

    total $9,270 · program services $139 · management and general $6,782 · fundraising $2,349

  • 14 · Information technology

    total $7,252 · program services $1,439 · management and general $5,327 · fundraising $486

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $12,340 · program services $8,697 · management and general $2,528 · fundraising $1,115

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $4,117 · program services $3,821 · management and general $256 · fundraising $40

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $782 · management and general $782

  • 23 · Insurance

    total $1,410 · management and general $1,410

  • 24a · Other expenses: SPONSORSHIP PAYOUTS

    total $30,851 · program services $21,620 · management and general $9,231

  • 24b · Other expenses: Printing and Publications

    total $19,826 · program services $19,826

  • 24c · Other expenses: PROGRAM MANAGEMENT

    total $11,915 · management and general $11,915

  • 24d · Other expenses: Postage and Shipping

    total $882 · program services $804 · management and general $33 · fundraising $45

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $525,681 · end of year $68,757

  • 2 · Savings and temporary cash investments

    beginning of year $962,330 · end of year $798,470

  • 3 · Pledges and grants receivable

    beginning of year $2,619,425 · end of year $1,529,658

  • 4 · Accounts receivable

    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

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,512 · end of year $498

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

    $3,912

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

    $1,870

  • 10c · Land, buildings and equipment, net

    beginning of year $2,824 · end of year $2,042

  • 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 $41,681 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,575 · end of year $355,940

  • 27 · Net assets without donor restrictions

    beginning of year $338,965 · end of year $556,557

  • 28 · Net assets with donor restrictions

    beginning of year $3,845,913 · end of year $1,486,928

Mission and programs · 2023

Mission

PROVIDING UNDER-SERVED POPULATIONS IN OREGON WITH GREATER ACCESS TO HEALTHY, LOCALLY GROWN FOOD.

Activities or mission (Part I)

PROVIDING LOW INCOME, ELDERLY, AND UNDER-SERVED POPULATIONS IN THE REGION TO INCREASE ACCESS TO HEALTHY, LOCALLY GROWN FOOD.

  • DOUBLE UP FOOD BUCKS (DUFB) INCREASES THE AMOUNT OF FRUITS AND VEGETABLES PURCHASED BY LOW INCOME FAMILIES. IT IS A PROGRAM THAT "MATCHES" SNAP BENEFITS SPENT AT PARTICIPATING FARMERS MARKETS IN OREGON. FOR EVERY $1 OF SNAP BENEFITS SPENT, THE SHOPPER GETS A MATCH OF UP TO $20 IN DUFB CURRENCY TO SPEND ON FRUITS AND VEGETABLES AT THE MARKETS.

    Expenses $4,717,459 · Grants $4,241,685 · Revenue $865

As filed on the 2023 return.

Listed in Part VII

  • Rachael Ward

    Executive Dir.

    Total calculated
    $84,311
    From this org
    $0
    From related orgs
    $80,668
    Other
    $3,643
    Hours/week
    1 + 40 related

  • Molly Notarianni

    EXECUTIVE DIRECTOR

    Total calculated
    $27,353
    From this org
    $0
    From related orgs
    $26,162
    Other
    $1,191
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $7,662 related
    Bonus
    not reported + $18,500 related
    Other
    not reported
    Deferred
    not reported + $786 related
    Nontaxable benefits
    not reported + $405 related
    Filer's total
    not reported + $27,353 related

  • Joel Caris

    Int. Exec. Dir.

    Total calculated
    $22,904
    From this org
    $0
    From related orgs
    $21,058
    Other
    $1,846
    Hours/week
    1 + 40 related

  • Reeba Daniel

    President

    Total calculated
    $0
    Hours/week
    1

  • Eliza Haddleand

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Abby Farber

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Ian Paik

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Rich Schwartz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tayler Brisbin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy Scholze

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Streit

    Director

    Total calculated
    $0
    Hours/week
    1

  • Briana Arnold

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hannah Kullberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sammi Teo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ashley Hess

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hannah Ladwig

    Director

    Total calculated
    $0
    Hours/week
    1

  • Zoe Potts

    Director

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349307492

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

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