Salvation Farms Inc
- Assets
- $599.4k
- Revenue
- $720.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Morrisville, VT
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-2954564
Organization Overview
Salvation Farms Inc is located in Morrisville, VT. The organization was established in 2012. 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 12/2022, Salvation Farms Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salvation Farms Inc 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, Salvation Farms Inc generated $720.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $838.7k during the year ending 12/2022. While expenses have increased by 12.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMOILLE VALLEY GLEANING - SEE SCHEDULE O
NORTHEAST KINGDOM GLEANING - SEE SCHEDULE O
VERMONT COMMODITY PROGRAM - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Snow Executive Director | Officer | 56.28 | $71,239 |
Sue Buckholz Board President | OfficerTrustee | 1 | $0 |
Chris Callahan Vice President | OfficerTrustee | 1 | $0 |
James Hafferman Treasurer | OfficerTrustee | 1 | $0 |
Jane Macan Secretary | OfficerTrustee | 1 | $0 |
Sam Rowley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,997 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $678,658 |
| Noncash contributions included in lines 1a–1f | $209,185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,655 |
| Total Program Service Revenue | $5,539 |
| Investment income | $299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,900 |
| Net Income from Fundraising Events | $14,931 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $719,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $410,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,110 |
| Payroll taxes | $26,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,368 |
| Fees for services: Accounting | $23,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,976 |
| Advertising and promotion | $0 |
| Office expenses | $7,616 |
| Information technology | $16,973 |
| Royalties | $0 |
| Occupancy | $29,053 |
| Travel | $10,986 |
| 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 | $16,857 |
| Insurance | $13,144 |
| All other expenses | $9,771 |
| Total functional expenses | $838,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,028 |
| Savings and temporary cash investments | $344,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $4,759 |
| Net Land, buildings, and equipment | $135,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,908 |
| Total assets | $599,396 |
| Accounts payable and accrued expenses | $31,884 |
| Grants payable | $0 |
| Deferred revenue | $123,060 |
| 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 | $14,257 |
| Total liabilities | $169,201 |
| Net assets without donor restrictions | $430,195 |
| 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 | $599,396 |
Grants Awarded
Over the last fiscal year, Salvation Farms Inc has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WILLING HANDS PURPOSE: Increase gleaning capacity | $10,000 |
HEALTHY ROOTS COLLABORATIVE PURPOSE: Increase gleaning capacity | $10,000 |
COMMUNITY HARVEST OF CENTRAL VT PURPOSE: Increase gleaning capacity | $10,000 |
INTERVALE CENTER PURPOSE: Increase gleaning capacity | $10,000 |
HOPE PURPOSE: Increase gleaning capacity | $10,000 |