Hillsboro Farmers Markets Inc
- Assets
- $206.3k
- Revenue
- $285.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Hillsboro, OR
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 26-2724197
Organization Overview
Hillsboro Farmers Markets Inc is located in Hillsboro, OR. The organization was established in 2019. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Hillsboro Farmers Markets Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsboro Farmers Markets Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Hillsboro Farmers Markets Inc generated $285.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $222.7k during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HILLSBORO FARMERS MARKETS CREATES COMMUNITY GATHERING-PLACES FOR PEOPLE TO BUY LOCAL PRODUCE AND PRODUCTS. WE PARTNER WITH FARMS, SMALL BUSINESSES, AND GROUPS TO PROVIDE EDUCATION AND RESOURCES. OUR EFFORTS STRIVE TO ENHANCE COMMUNITY HEALTH AND ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARMERS MARKETS: WE OPERATE TWO FARMERS MARKETS IN HILLSBORO, OREGON EACH WEEKEND FROM SPRING UNTIL FALL. WE PROVIDE ACTIVE VENUES AND MARKET SUPPORT TO HUNDREDS OF LOCAL FARMERS, ARTISANS AND OTHER VENDORS TO SELL PRODUCE AND PRODUCTS. OUR MARKETS ATTRACT AN AVERAGE OF 7,000 SHOPPERS EACH WEEK, BOOSTING THE LOCAL ECONOMY WHILE PROVIDING RESIDENTS OF USDA LOW-INCOME AND LOW-ACCESS AREAS WITH ACCESS TO FRESH FOODS. OUR MARKETS ALSO PROVIDE LOCAL NONPROFITS, ARTISTS AND EDUCATIONAL AND CIVIC ORGANIZATIONS DYNAMIC SPACES FOR INTERACTING WITH, EDUCATING AND SUPPORTING DIVERSE MEMBERS OF THE HILLSBORO COMMUNITY IN AN EQUITABLE, INCLUSIVE AND SUSTAINABLE MANNER.
FOOD ACCESS PROGRAMS: OUR SNAP MATCH PROGRAM (UTILIZING TOKENS SPENT AT OUR FARMERS MARKETS) PROVIDED IMPORTANT NUTRITION SUPPORT TO FOOD-INSECURE POPULATIONS IN OUR COMMUNITY. LAST YEAR SNAP MATCH PROGRAM WAS AWARDED $28,585 IN DOUBLE UP FOOD BUCKS. OUR VETERANS SNAP MATCH PROGRAM MADE AN IMPORTANT DIFFERENCE IN THE LIVES OF HILLSBOROS MILITARY VETERANS BY INCREASING THEIR ABILITY TO PURCHASE HEALTHY, LOCAL FOOD.
MARKET SPROUTS (KIDS PROGRAM): THIS PROGRAM PROVIDES CHILDREN WITH HANDS-ON, INTERACTIVE ACTIVITIES FOCUSED ON STRENGTHENING CONNECTIONS TO HEALTHY EATING AND LOCAL FOOD SYSTEMS. ACTIVITIES INCLUDED SALAD MAKING, RAINBOW FOOD SCAVENGER HUNTS, AND SEED IDENTIFICATION, AMONG MANY OTHERS. CHILDREN UNDER THREE YEARS OLD ENGAGED WITH AGRICULTURE THEMED SENSORY BINS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Geel Director | Trustee | 2 | $0 |
Debby Garman Director | Trustee | 1 | $0 |
Alexa Kim Director | Trustee | 1 | $0 |
Melissa Marcum Director | Trustee | 1 | $0 |
Krista Olsen-Rahf President | OfficerTrustee | 4 | $0 |
Sue Johnson Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,641 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,779 |
| Total Program Service Revenue | $163,537 |
| Investment income | $876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,192 |
| 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. | $53,768 |
| Compensation of current officers, directors, key employees. | $10,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,596 |
| Office expenses | $4,910 |
| Information technology | $9,695 |
| Royalties | $0 |
| Occupancy | $16,940 |
| Travel | $1,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $872 |
| Insurance | $9,178 |
| All other expenses | $5,139 |
| Total functional expenses | $222,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,791 |
| Savings and temporary cash investments | $170,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $856 |
| Total assets | $206,254 |
| Accounts payable and accrued expenses | $244 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,140 |
| Total liabilities | $4,384 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $201,870 |
| Total liabilities and net assets/fund balances | $206,254 |