Wormfarm Institute Incorporated
- Assets
- $548.6k
- Revenue
- $733.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Reedsburg, WI
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 39-1994706
Organization Overview
Wormfarm Institute Incorporated is located in Reedsburg, WI. The organization was established in 2000. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Wormfarm Institute Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wormfarm Institute Incorporated 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, Wormfarm Institute Incorporated generated $733.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $416.9k during the year ending 12/2023. While expenses have increased by 1.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUSTAINABLE FUTURE FOR AGRICULTURE AND ARTS BY FOSTERING VITAL LINKS BETWEEN PEOPLE & THE LAND. GENERATING, SUPPORTING AND PROMOTING THESE LINKS BETWEEN OUR WORK, OUR CREATIVE SELVES & OUR PLACE ON EARTH IS ESSENTIAL FOR A THRIVING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FERMENTATION FEST: A TEN DAY ANNUAL FESTIVAL AND COUNTRY TOUR THAT LINKS THE AGRICULTURE AND THE ARTS. OVER 18,000 PEOPLE ATETENDED, 46 CLASSES WERE CONDUCTED, OVER 40 LOCAL BUSINESSES BENEFITTED, 5 SERVICE ORGANIZATIONS WERE INVOLVED, AND ARTISTS AND PERFORMERS PARTICIPATED.
TEST PLOTS
ROADSIDE CULTURE STAND: ARTISTS PARTNERED WITH LOCAL FARMERS OR PROCESSORS TO DEVELOP AND BUILD A SERIES OF MOBILE FARM FOOD STANDS. A TOTAL OF 7 WERE USED IN PARTNERSHIP WITH LOCAL FARMERS AND SMALL BUSINESSES. SOME STANDS WERE USED WEEKLY IN REGULAR MARKET APPEARANCES AND ALL APPEARED AT VARIOUS SPECIAL EVENTS AND WERE VISITED BY OVER 30,000 PEOPLE. INDIVIDUAL STANDS WERE USED IN VARIOUS MARKETS ORPROMOTIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Neuwirth Director | Trustee | 50 | $74,000 |
Jay Salinas Director | Trustee | 20 | $32,000 |
Gary Goyke Treasurer | OfficerTrustee | 0 | $0 |
Nicole Kite Director | Trustee | 0 | $0 |
Catherine Shwallbe Director | Trustee | 0 | $0 |
Sarah Lloyd President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $653,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $653,434 |
| Total Program Service Revenue | $80,450 |
| Investment income | $0 |
| 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 | $733,884 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $28,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,693 |
| Pension plan accruals and contributions | $3,634 |
| Other employee benefits | $7,630 |
| Payroll taxes | $14,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $9,277 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,281 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,777 |
| Travel | $19,413 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $30,757 |
| Total functional expenses | $416,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $525 |
| Total assets | $548,632 |
| Accounts payable and accrued expenses | $20,423 |
| 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 | $4,889 |
| Total liabilities | $25,312 |
| Net assets without donor restrictions | $523,320 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $548,632 |