Forsyth Farmers Market Inc
- Assets
- $224.1k
- Revenue
- $924.0k
- Investments
- $0.0
- Employees
- 23
- Location
- Savannah, GA
- Founding
- 08/2014
- Data as of
- 09/2023
- EIN
- 46-1112698
Organization Overview
Forsyth Farmers Market Inc is located in Savannah, GA. The organization was established in 2014. 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 09/2023, Forsyth Farmers Market Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forsyth Farmers Market 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 09/2023, Forsyth Farmers Market Inc generated $924.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $1.0m during the year ending 09/2023. While expenses have increased by 19.6% 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
THE MISSION OF FORSYTH FARMERS' MARKET, INC. IS TO INCREASE UNDERSTANDING AND PARTICIPATION IN A LOCAL FOOD SYSTEM THAT SUPPORTS SUSTAINABLE PRODUCTION AND INCREASES ACCESS TO LOCAL PRODUCTS. BY PURSUING THIS MISSION THE COMMUNITY OF SAVANNAH WILL BENEFIT FROM BETTER DIET AND NUTRITION, DECREASED HEALTH CARE COSTS, STRONGER AND HEALTHIER COMMUNITY INTERACTION, AND A STRONGER LOCAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAN, ORGANIZE, AND EXECUTE WEEKLY, PRODUCER-ONLY MARKETS, WITH A FOCUS ON EDUCATION AND COMMUNITY DEVELOPMENT.
PLAN, ORGANIZE, AND EXECUTE FARM TRUCK 912, A MOBILE FARMERS MARKET, THAT BRINGS FRESH FRUIT AND VEGETABLES TO NEIGHBORHOODS WITH THE LEAST ACCESS TO HEALTHY FOOD. FARM TRUCK 912 ACCEPTS AND MATCHES PURCHASING DOLLARS OF SHOPPERS USING FEDERAL SNAP PROGRAM AND ALSO HAS A FOCUS ON EDUCATION AND COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Deidre Grim Executive Di | Trustee | 40 | $58,194 |
Louis Brody Vice Chair | OfficerTrustee | 5 | $0 |
Julian Dunston Treasurer | OfficerTrustee | 5 | $0 |
Kareem Hill Board Member | Trustee | 2 | $0 |
Nichele Hoskins Board Member | Trustee | 2 | $0 |
Dale Critz III Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1 |
| All other contributions, gifts, grants, and similar amounts not included above | $709,581 |
| Noncash contributions included in lines 1a–1f | $6,246 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,582 |
| Total Program Service Revenue | $211,389 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $923,958 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,770 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,058 |
| Advertising and promotion | $6,592 |
| Office expenses | $11,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,400 |
| Travel | $5,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,001 |
| Insurance | $13,355 |
| All other expenses | $105,275 |
| Total functional expenses | $1,048,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,316 |
| Savings and temporary cash investments | $6,000 |
| 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 | $759 |
| Total assets | $224,075 |
| Accounts payable and accrued expenses | $0 |
| 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 | $60,300 |
| Total liabilities | $60,300 |
| Net assets without donor restrictions | $163,775 |
| 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 | $224,075 |