Fork Food Lab
- Assets
- $202.2k
- Revenue
- $414.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Yarmouth, ME
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-4116596
Organization Overview
Fork Food Lab, operating under the name Fork Food Lab 20, is located in Yarmouth, ME. The organization was established in 2012. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, Fork Food Lab 20 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fork Food Lab 20 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, Fork Food Lab 20 generated $414.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.0% each year . All expenses for the organization totaled $472.4k during the year ending 12/2021. While expenses have increased by 38.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORK FOOD LAB IS A NONPROFIT FOOD BUSINESS INCUBATOR AND SHARED COMMERCIAL KITCHEN FOCUSED ON GROWING THE LOCAL FOOD ECONOMY. WE SUPPORT THE GROWTH OF SUSTAINABLE MAINE-BASED BUSINESSES BY PROVIDING ENTREPRENEURS WITH WORK SPACE, EQUIPMENT, AND OTHER RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORK FOOD LAB SUPPORTED THE ESTABLISHMENT AND GROWTH OF 50 FOOD BUSINESSES IN 2021. SIXTY PERCENT ARE WOMEN-FOUNDED AND OWNED. TWENTY PERCENT ARE BIPOC. MOST MEMBER BUSINESSES PURCHASE PART OR ALL OF THEIR INGREDIENTS FROM LOCAL PRODUCERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Seretta Executive Director | Officer | 40 | $46,943 |
Michael J Walker Board Chair | OfficerTrustee | 4 | $0 |
Benjamin W Tettlebaum Secretary - Part-Year | OfficerTrustee | 2 | $0 |
Ryan Owens Board Member | Trustee | 1 | $0 |
John Naylor Board Member | Trustee | 1 | $0 |
Matt Chin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,830 |
| Total Program Service Revenue | $203,626 |
| 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 | $11,978 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,434 |
| 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. | $49,433 |
| Compensation of current officers, directors, key employees. | $4,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,503 |
| Payroll taxes | $23,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,173 |
| Advertising and promotion | $7,004 |
| Office expenses | $1,576 |
| Information technology | $11,915 |
| Royalties | $0 |
| Occupancy | $89,083 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,421 |
| Insurance | $5,157 |
| All other expenses | $0 |
| Total functional expenses | $472,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,413 |
| 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 | $2,873 |
| Net Land, buildings, and equipment | $103,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,234 |
| Total assets | $202,202 |
| Accounts payable and accrued expenses | $3,132 |
| 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 | $558,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,524 |
| Total liabilities | $571,594 |
| Net assets without donor restrictions | -$369,392 |
| 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 | $202,202 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fork Food Lab has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Environmental Education | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chewonki Foundation Inc Wiscasset, ME | $31,373,154 | $10,204,767 |
Hurricane Island Outward Bound School Camden, ME | $11,638,598 | $4,626,034 |
Reverb Inc Portland, ME | $3,915,181 | $3,985,444 |
Squam Lakes Natural Science Center Holderness, NH | $11,468,821 | $2,535,033 |
Ecology Education Inc Saco, ME | $15,038,893 | $2,197,158 |
Kroka Expeditions Marlow, NH | $3,260,386 | $2,285,342 |
Robert And Patricia Switzer Foundation Belfast, ME | $18,391,526 | $1,246,852 |
Tin Mountain Conservation Center Incorporated Albany, NH | $4,362,959 | $2,203,013 |
Beaver Brook Association Inc Hollis, NH | $9,759,859 | $2,273,813 |
Fork Food Lab Yarmouth, ME | $202,202 | $414,434 |
30 Mile River Watershed Association Mount Vernon, ME | $163,003 | $259,006 |
Frenchman Bay Research Boating Bar Harbor, ME | $18,374 | $0 |