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Nonprofiteer
← RETREAT FARM

Form 990 for tax year 2023

Filed by RETREAT FARM.

Totals

Total revenue
$5,262,132
Total expenses
$2,019,558
Contributions and grants received
$4,757,582
Grants paid
$399,339
Program service revenue
$113,530
Investment income
$45,422
Other revenue
$345,598
Total assets, end of year
$14,798,405
Total liabilities, end of year
$886,744
Net assets or fund balances, end of year
$13,911,661
Program services expenses (Part IX)
$1,748,817
Management and general expenses
$207,805
Fundraising expenses
$62,936
Program service expenses (Part III)
$1,748,817

Program services were 86.6% 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)

    $1,530,280

  • 1f · All other contributions, gifts and grants

    $3,227,302

  • 1g · Noncash contributions included above

    $13,500

  • 2a · Program service revenue: PROGRAM REVENUE

    total $113,530 · related or exempt $71,350 · excluded $42,180

  • 3 · Investment income

    total $46,778 · excluded $46,778

  • 6a · Gross rents

    real property $338,637

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $338,637

  • 6d · Net rental income or loss

    total $338,637 · excluded $338,637

  • 7a · Gross sales of assets other than inventory

    other assets $9,200

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

    other assets $10,556

  • 7c · Gain or loss

    other assets -$1,356

  • 7d · Net gain or loss

    total -$1,356 · excluded -$1,356

  • 10a · Gross sales of inventory

    $57,831

  • 10b · Cost of goods sold

    $50,870

  • 10c · Net income from sales of inventory

    total $6,961 · excluded $6,961

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $399,339 · program services $399,339

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $78,204 · management and general $16,137 · fundraising $5,659

  • 7 · Other salaries and wages

    total $526,361 · program services $411,636 · management and general $84,938 · fundraising $29,787

  • 8 · Pension plan contributions

    total $6,808 · program services $5,290 · management and general $1,168 · fundraising $350

  • 9 · Other employee benefits

    total $18,932 · program services $13,459 · management and general $4,210 · fundraising $1,263

  • 10 · Payroll taxes

    total $60,889 · program services $41,550 · management and general $16,410 · fundraising $2,929

  • 11b · Fees: legal

    total $7,706 · program services $7,088 · management and general $618

  • 11c · Fees: accounting

    total $103,039 · program services $97,887 · management and general $5,152

  • 11g · Fees: other

    total $115,741 · program services $109,395 · management and general $3,778 · fundraising $2,568

  • 12 · Advertising and promotion

    total $4,771 · program services $4,763 · management and general $8

  • 13 · Office expenses

    total $65,763 · program services $41,825 · management and general $5,817 · fundraising $18,121

  • 16 · Occupancy

    total $210,813 · program services $207,852 · management and general $2,961

  • 17 · Travel

    total $13,555 · program services $4,093 · management and general $7,566 · fundraising $1,896

  • 20 · Interest

    total $39,909 · management and general $39,909

  • 22 · Depreciation, depletion and amortization

    total $196,385 · program services $186,566 · management and general $9,819

  • 23 · Insurance

    total $5,727 · program services $5,727

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $69,547 · program services $69,184 · management and general $0 · fundraising $363

  • 24b · Other expenses: BUSINESS TAXES & LICENS

    total $67,672 · program services $64,371 · management and general $3,301 · fundraising $0

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $6,601 · program services $588 · management and general $6,013

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,146,941 · end of year $330,432

  • 2 · Savings and temporary cash investments

    beginning of year $1,414,086 · end of year $2,562,164

  • 3 · Pledges and grants receivable

    end of year $3,022,047

  • 4 · Accounts receivable

    beginning of year $6,140 · end of year $33,966

  • 8 · Inventories for sale or use

    beginning of year $3,384 · end of year $20,804

  • 9 · Prepaid expenses and deferred charges

    end of year $9,897

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

    $7,596,758

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

    $886,449

  • 10c · Land, buildings and equipment, net

    beginning of year $6,856,103 · end of year $6,710,309

  • 15 · Other assets

    beginning of year $529,980 · end of year $2,108,786

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,114 · end of year $558,532

  • 23 · Secured mortgages and notes payable

    end of year $328,212

  • 27 · Net assets without donor restrictions

    beginning of year $9,452,411 · end of year $12,476,200

  • 28 · Net assets with donor restrictions

    beginning of year $1,400,109 · end of year $1,435,461

Mission and programs · 2023

Mission

RETREAT FARM SEEKS TO FOSTER A JUST, HEALTHY, AND SUSTAINABLE COMMUNITY IN SOUTHERN VERMONT BY CONNECTING PEOPLE TO THE LAND AND EACH OTHER THROUGH OUR UNIQUE PROPERTY, PROGRAMS, AND PARTNERSHIPS.

Activities or mission (Part I)

CONNECT PEOPLE TO THE LAND AND ONE ANOTHER.

  • COMMUNITY SERVICES - RETREAT FARM COMPRISES A VAST, FREE, AND ACCESSIBLE PUBLIC COMMON THAT SERVED 60,000 UNIQUE VISITORS IN 2023. IN ADDITION TO MAINTAINING PUBLIC TRAILS AND WATERWAYS FOR OUTDOOR RECREATION, RETREAT FARM HOSTED COMMUNITY GATHERINGS, OUTDOOR CONCERTS, PERFORMANCES, ART INSTALLATIONS, AND PRIVATE EVENTS IN COLLABORATION WITH LOCAL NONPROFITS AND COMMUNITY PARTNERS. THE FARM CONTINUED TO PROVIDE CRITICAL COMMUNITY SERVICES AS THE HOME OF THE BRATTLEBORO BOYS AND GIRLS CLUB AFTER-SCHOOL PROGRAM AND VERMONT VILLAGE SCHOOL.

    Expenses $1,226,806 · Grants $399,339 · Revenue $71,350

  • RESTORATION AND CONSERVATION - WITH FEDERAL AND STATE SUPPORT, WE BEGAN THE RESTORATION OF THE HISTORIC NORTH BARN INTO A YEAR-ROUND SPACE FOR COMMUNITY-ADVANCING EVENTS AND GATHERINGS - BOOSTING TOURISM AND STRENGTHENING SOCIAL TIES. WE ALSO CONTINUED THE RESTORATION OF THE WANTASTEGOK MEADOWS TRAIL AND CONTINUED OUR COLLABORATION WITH THE ATOWI PROJECT ON INTERPRETIVE SIGNAGE TO HIGHLIGHT THE CULTURAL SIGNIFICANCE OF THE WANTASTEGOK TRAIL.

    Expenses $315,107

  • FOOD & AGRICULTURE - WITH CONGRESSIONALLY DESIGNATED FUNDS, WE PLANNED THE RENOVATION OF THE FORMER GRAFTON VILLAGE CHEESE CO. FACILITY INTO A MULTI-TENANT FOOD PRODUCTION SPACE AND RETAIL MARKET THAT WILL SUPPORT FARMS AND VALUE-ADDED BUSINESSES IN THE REGIONAL FOOD SYSTEM STARTING IN 2024. WE CONTINUED OUR PARTNERSHIP WITH MILLER FARM TO SUPPORT ONE OF THE LARGEST ORGANIC DAIRIES IN VERMONT WITH PASTURELAND FOR THEIR DRY COWS, MAKING PRODUCTIVE USE OF OVER 240 ACRES OF AGRICULTURAL LAND. WE ALSO SUPPORTED FOOD EQUITY BY SERVING AS THE FISCAL SPONSOR OF THE COMMUNITY FOOD PROJECT.

    Expenses $206,904

As filed on the 2023 return.

Listed in Part VII

  • ARTHUR SCHMIDT

    PRESIDENT (TERM 12/23)

    Total calculated
    $0
    Hours/week
    1

  • DANIEL DEMPSEY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MIKE SANDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VERN GRUBINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMBA DIALLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM MARTYN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SAGE RUTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA WHITNEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN SULLIVAN

    EXECUTIVE DIRECTOR

    Total calculated
    $100,000
    From this org
    $100,000
    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

  • COMMUNITY FOOD PROJECT

    $332,030

    GENERAL PURPOSE (FISCAL SPONSOREE)

  • SUSU COMMUNITY FARM

    $43,059

    GENERAL PURPOSE

  • ATOWI PROJECT

    $9,037

    GENERAL PURPOSE (FISCAL SPONSOREE)

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
30 August 2024
IRS schema version
2023v5.1
Source object
202442439349300039

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