Salvation Farms Inc
- Assets
- $789.7k
- Revenue
- $635.7k
- Investments
- $0.0
- Employees
- 12
- Location
- Morrisville, VT
- Founding
- 05/2012
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Salvation Farms Inc generated $635.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $591.6k during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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
2021
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
THOUGHT LEADERSHIP - SEE SCHEDULE O
VERMONT GELANING COLLECTIVE VGC - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Snow Executive Director | Officer | 56.28 | $64,708 |
Sue Buckholz Board President | OfficerTrustee | 1 | $0 |
Katie Black Vice President | OfficerTrustee | 1 | $0 |
James Hafferman Treasurer | OfficerTrustee | 1 | $0 |
Jane Macan Secretary | OfficerTrustee | 1 | $0 |
Avram Pratt Left In 2021 Board President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,709 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $595,790 |
| Noncash contributions included in lines 1a–1f | $115,725 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,499 |
| Total Program Service Revenue | $12,773 |
| Investment income | $530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $635,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,657 |
| 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. | $64,708 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,408 |
| Payroll taxes | $25,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,580 |
| Advertising and promotion | $0 |
| Office expenses | $12,585 |
| Information technology | $12,283 |
| Royalties | $0 |
| Occupancy | $14,097 |
| Travel | $7,388 |
| 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 | $2,912 |
| Insurance | $7,567 |
| All other expenses | $0 |
| Total functional expenses | $591,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,206 |
| Savings and temporary cash investments | $601,290 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,408 |
| Prepaid expenses and deferred charges | $3,368 |
| Net Land, buildings, and equipment | $11,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $385 |
| Total assets | $789,746 |
| Accounts payable and accrued expenses | $18,937 |
| Grants payable | $0 |
| Deferred revenue | $221,750 |
| 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 | $0 |
| Total liabilities | $240,687 |
| Net assets without donor restrictions | $549,059 |
| 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 | $789,746 |
Grants Awarded
Over the last fiscal year, Salvation Farms Inc has awarded $28,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Middlebury, VT PURPOSE: Supplemental Environmental Project | $18,000 |
St Albans, VT PURPOSE: Supplemental Environmental Project | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Salvation Farms Inc has recieved totaling $300,664.
| Awarding Organization | Amount |
|---|---|
Hannaford Charitable Foundation Portland, ME PURPOSE: SUPPORT HUNGER RELIEF | $100,000 |
Claneil Foundation Inc Plymouth Meeting, PA PURPOSE: GENERAL OPERATING | $62,500 |
Sandy River Charitable Foundation Farmington, ME PURPOSE: NORTH WEST VERMONT FOOD VISION | $50,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $42,000 |
Whitehead Foundation Inc Lenox, MA PURPOSE: GENERAL FUNDING | $20,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $18,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Community Services Inc Jamaica, NY | $16,204,658 | $61,833,370 |
Foodlink Inc Rochester, NY | $12,495,538 | $50,797,539 |
Rethink Food Nyc Inc New York, NY | $24,716,191 | $29,334,574 |
Project Bread - The Walk For Hunger Inc East Boston, MA | $11,948,413 | $15,098,686 |
Tomche Shabbos Of Rockland County Monsey, NY | $3,190,088 | $8,439,711 |
Interfaith Nutrition Network Hempstead, NY | $10,559,882 | $10,681,917 |
St Johns Bread & Life Program Inc Brooklyn, NY | $8,308,596 | $7,077,565 |
Boston Area Gleaners Inc Acton, MA | $5,396,284 | $7,361,756 |
Urban Food Initiative Dorchester, MA | $4,670,593 | $4,930,418 |
Rescuing Leftover Cuisine New York, NY | $1,103,625 | $3,644,862 |
Lasagna Love Inc Williamstown, MA | $142,703 | $3,275,591 |
Food Link Inc Arlington, MA | $6,530,606 | $4,394,234 |