Bellevue Farmers Market
- Assets
- $65.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 20-0867594
Organization Overview
Bellevue Farmers Market is located in Bellevue, WA. The organization was established in 2004. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellevue Farmers Market is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bellevue Farmers Market generated $151.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $157.3k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IN 2022, BELLEVUE FARMERS MARKET (BFM) CONTINUED OUR LEGACY OF CREATING A MARKETPLACE TO CONNECT FARMERS AND SMALL FOOD BUSINESSES WITH OUR COMMUNITY MEMBER. FOR THE FIRST TIME SINCE 2019, WE WERE ABLE TO RESUME A FULL SEASON OF ACTIVITY ON-SITE AFTER LIMITATIONS DUE TO THE COVID-19 PANDEMIC. WE HAD OVER 27,000 CUSTOMER VISITS AND OVER $840,000 SPENT AND RETURNED INTO THE LOCAL ECONOMY. PRODUCE AT MARKET TRAVELED AN AVERAGE OF 74 MILES FROM FARM TO BFM (COMPARED TO 1,500 MILES FOR FOOD AT TRADITIONAL RETAILERS), THEREBY REDUCING CUSTOMERS' CARBON FOOTPRINTS.BFM PLAYS AN ESSENTIAL ROLE IN PROVIDING ACCESS TO HEALTHY, FRESH PRODUCE TO THE ENTIRE COMMUNITY. IN 2022, BFM WAS THE ONLY FARMERS MARKETS ON THE EASTSIDE OF SEATTLE THAT WAS EQUIPPED TO BOTH ACCEPT EB AND ADMINISTER MATCHING INCENTIVE DOLLARS IN THE FORM OF MARKET MATCH BACKS. $14,300 WAS DISPENSED TO LOW-INCOME CUSTOMERS IN THE FORM OF EBT AND MARKET MATCH BUCKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Paruchuru Market Engagement Manager | 35 | $50,475 | |
Wan Wu Yang Market Operations Manager | 35 | $26,599 | |
Tabby Stringer President | 6 | $0 | |
Erica Whiting Secretary | 4 | $0 | |
Parker Fox Treasurer (thru 12/22) | 4 | $0 | |
Laura Lawler Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,766 |
| Total Program Service Revenue | $68,870 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $151,636 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $114,963 |
| Professional fees and other payments to independent contractors | $411 |
| Occupancy, rent, utilities, and maintenance | $52 |
| Printing, publications, postage, and shipping | $489 |
| Other expenses | $41,380 |
| Total expenses | $157,295 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,044 |
| Other assets | $0 |
| Total assets | $65,044 |
| Total liabilities | $0 |
| Net assets or fund balances | $65,044 |