Santa Fe Farmers Market Institute
- Assets
- $4.1m
- Revenue
- $556.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Santa Fe, NM
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 30-0124953
Organization Overview
Santa Fe Farmers Market Institute is located in Santa Fe, NM. The organization was established in 2002. 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 12/2023, Santa Fe Farmers Market Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Fe Farmers Market Institute 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, Santa Fe Farmers Market Institute generated $556.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $875.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. 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
TO ADVOCATE FOR FARMERS, RANCHERS AND OTHER LAND-BASED PRODUCERS; PROVIDE EQUITABLE ACCESS TO FRESH, LOCAL FOOD; OWN AND OPERATE A YEAR-ROUND VENUE FOR THE SANTA FE FARMERS' MARKET; AND MANAGE PROGRAMS TO HELP SUSTAIN A PROFITABLE, LOCALLY-BASED AGRICULTURAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE REGIONAL SMALL FARM AND RANCH OPERATIONS THROUGH THE FOLLOWING ACTIVITIES: 1) CONTINUE TO MAINTAIN THE FARMERS MARKET PAVILION AS A LONG- TERM VENUE FOR THE SANTA FE FARMERS MARKET, ALLOWING FARMERS TO ENGAGE IN DIRECT MARKET SALES; 2) PROMOTE THE USE OF SNAP/EBT AT THE FARMERS MARKET AND DOUBLE SNAP TRANSACTIONS. 414,000 IN SNAP AND DOUBLING IN 2023; 3) DISTRIBUTE MICROLOANS TO VENDORS TO PROVIDE ACCESS TO CAPITAL TO HELP EXPAND FARM CAPACITY. SIX MICROLOANS DISTRIBUTED FOR A TOTAL OF 51,500 IN LOANS MADE IN 2023; 4) EXPAND PROGRAM OFFERINGS THROUGH DEVELOPMENT OF NEW LOCAL FOOD FOR ALL COMMUNITY OUTREACH INITITATIVES. 5) PROVIDE A GATHERING PLACE FOR COMMUNITY AND NONPROFIT EVENTS THROUGH THE RENTAL OF THE PAVILION ON NON-MARKET DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Knight Chair | OfficerTrustee | 15 | $0 |
Pam Walker Vice-Chair | OfficerTrustee | 15 | $0 |
Mary Dixon Secretary | OfficerTrustee | 2 | $0 |
Kyle Burns Treasurer | OfficerTrustee | 2 | $0 |
Nathaniel Earls Director | Trustee | 1 | $0 |
Robert Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,400 |
| Related organizations | $0 |
| Government grants | $13,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,652 |
| Total Program Service Revenue | $0 |
| Investment income | $6,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,178 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $80,551 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $556,614 |
| 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. | $90,674 |
| Compensation of current officers, directors, key employees. | $20,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,946 |
| Payroll taxes | $28,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,688 |
| Fees for services: Accounting | $72,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,744 |
| Advertising and promotion | $43,821 |
| Office expenses | $73,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,173 |
| Travel | $3,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,237 |
| Insurance | $3,548 |
| All other expenses | $0 |
| Total functional expenses | $875,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,900 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500 |
| Accounts receivable, net | $7,668 |
| 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 | $18,292 |
| Net Land, buildings, and equipment | $2,818,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $44,318 |
| Intangible assets | $3,973 |
| Other assets | $760,667 |
| Total assets | $4,126,804 |
| Accounts payable and accrued expenses | $85,709 |
| Grants payable | $0 |
| Deferred revenue | $44,108 |
| 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 | $416,925 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $852,568 |
| Total liabilities | $1,399,310 |
| Net assets without donor restrictions | $2,490,366 |
| Net assets with donor restrictions | $237,128 |
| 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 | $4,126,804 |