Island Grown Initiative Ltd
- Assets
- $16.1m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 44
- Location
- Vineyard Haven, MA
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 20-5773892
Organization Overview
Island Grown Initiative Ltd is located in Vineyard Haven, MA. The organization was established in 2011. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Island Grown Initiative Ltd employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Grown Initiative Ltd 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 12/2023, Island Grown Initiative Ltd generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ISLAND GROWN INITIATIVE IS A NON-PROFIT BASED ON MARTHA'S VINEYARD WITH A MISSION TO BUILD A REGENERATIVE AND EQUITABLE FOOD SYSTEM THAT ENGAGES, INFORMS, AND INTERATES THE COMMUNITY. THERE THREE STRATEGIC GOALS: L. INCREASE LOCAL FOOD PRODUCTION, 2. REDUCE AND REDIRECT FOOD WASTE, AND 3. EXPAND ACCESS TO HEALTHY FOOD FOR ALL INSLANDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAJOR PROGRAMS INCLUDE: COMMUNITY FOOD EDUCATION: ISLAND GROWN SCHOOLS OPERATES EDUCATIONAL PROGRAMS FROM PRESCHOOL TO K-12 AND SUPPORTS SCHOOL GARDENS WHERE CHILDREN RECEIVE HANDS-ON TRAINING. THERE ARE ALSO REGENERATIVE EDUCATIONAL PROGRAMS FOR BACKYARD GROWERS AND LOCAL GARDENERS. FOOD WASTE REDUCTION & RECOVER: THE GOAL IS TO REDUCE FOOD WASTE THROUGH CONSUMER EDUCATION CAMPAIGNS, RECOVERY FROM LOCAL GROCERY STORES, AND GLEANING CROPS THAT REMAIN IN THE FIELDS POST HARVEST. IT OPERATES AN IN- VESSEL COMPOSTING DRUM THAT PROCESSES FOOD WASTE PLUS CARBON MATERIALS INTO NUTRIENT RICH COMPOST THAT IS USED TO ENHANCE LOCAL SOILS. THE FARM HUB: A 40 ACRE FARM DEDICATED TO REGENERATIVE AGRICULTURAL PRACTICES, AND INCLUDES THE OPERATION OF A 33,000 SQUARE-FOOT GREENHOUSE THAT HOUSES A HYDROPONIC OPERATION AND SOIL BEDS FOR YEAR ROUND PRODUCTION. THERE IS ALSO A COMMUNITY GARDEN, ORCHARD, AND LAND THAT IS LICENSED TO OTHER LOCAL FARMERS. FOOD EQUITY: IGI OPERATES THE ISLAND FOOD PANTRY THAT HAS 4,200 REGISTERED CLIENTS. IT ALSO PRODUCES HEALTHY, NUTRITIOUS STEWS, SOUPS AND MEALS WHICH ARE FROZEN AND DISTRIBUTED AROUND THE ISLAND TO THOSE WITH LIMITED ACCESS TO TRANSPORTATION OR COOKING FACILITIES. THEY OPERATE A SUMMER LUNCH PROGRAM TO FEED CHILDREN AND THEIR FAMILIES DURING THE SCHOOL VACATION. THERE IS A MOBILE FARMERS MARKET THAT BRINGS FRESH PRODUCE TO LOW INCOME COMMUNITIES AROUND THE ISLAND.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Haag Executive Di | Officer | 40 | $100,000 |
Gail Arnold Board Member | Trustee | 5 | $0 |
Karen Brush Board Member | Trustee | 5 | $0 |
Allen Carney Board Member | Trustee | 5 | $0 |
Rosemary Chalk Board Member | Trustee | 5 | $0 |
Mark Chung Clerk | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
South Mountain Company Architecture | 12/30/22 | $1,423,936 |
Sweet Bites Prepared Meals | 12/30/22 | $109,005 |
The Resource Inc Nitrogen Mitiga | 12/30/22 | $106,672 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,131,336 |
| Noncash contributions included in lines 1a–1f | $315,296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,362,532 |
| Total Program Service Revenue | $14,046 |
| Investment income | $23,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,700 |
| Net Gain/Loss on Asset Sales | $41,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$375,658 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,074,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,609 |
| Compensation of current officers, directors, key employees. | $10,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,544,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,044 |
| Payroll taxes | $152,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,790 |
| Fees for services: Accounting | $14,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,559 |
| Fees for services: Other | $181,301 |
| Advertising and promotion | $12,361 |
| Office expenses | $70,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $234,082 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,175 |
| Insurance | $21,016 |
| All other expenses | $42,154 |
| Total functional expenses | $3,093,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,011,105 |
| Savings and temporary cash investments | $501,316 |
| Pledges and grants receivable | $1,501,061 |
| Accounts receivable, net | $189,799 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,158 |
| Prepaid expenses and deferred charges | $27,945 |
| Net Land, buildings, and equipment | $5,511,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,515 |
| Other assets | $7,317,093 |
| Total assets | $16,142,198 |
| Accounts payable and accrued expenses | $331,569 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,262,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,644 |
| Total liabilities | $1,679,022 |
| Net assets without donor restrictions | $11,909,136 |
| Net assets with donor restrictions | $2,554,040 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,142,198 |