Farm On Foundation Inc
- Assets
- $5.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Copake, NY
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 46-1999952
Organization Overview
Farm On Foundation Inc is located in Copake, NY. The organization was established in 2014. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm On Foundation 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, Farm On Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 14.5% 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
FARMON FOUNDATION IS DEDICATED TO BRINGING AWARENESS TO FOOD CHOICES AND SOURCES AND REINVIGORATION RESPECT FOR FARMING, INSPIRING YOUNG PEOPLE TO CHOOSE AGRICULTURAL CAREERS TO CREATE AN ECONOMIC ENGINE CONNECTING RURAL AND URBAN MARKETPLACES TO REBUILD LOCAL ECONOMIES BY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC ENGINE WITH MILK MONEY & BIG APPLE CRUNCH IN PARTNERSHIP WITH LOCAL FARMERS ACROSS NYS IN DAIRY PRODUCTION AND THE APPLE BELT, OUR DEDICATION IS BRINGING CHILDREN CLOSER TO FOOD AND FARMING AT SCHOOL LUNCH WITH HEALTHY FUN TOO IN EARLY STAGES OF DEVELOPMENT. WE CONNECT FAMILY FARMS AND YOUTH DURING THE SCHOOL YEAR ESPECIALLY WHEN IT KICKS OFF "FARM TO SCHOOL MONTH" IN OCTOBER FOR A STATEWIDE BIG APPLE CRUNCH BY COORDINATING A "CRUNCH CHALLENGE" FOR BETTER HEALTH AWARENESS. THIS TOGETHER WITH PROVIDING SCHOOL MILK TO LUNCHROOMS "COW TO KID IN 36HRS" BY FUNDING SALES DIRECT FROM FARMS TO SCHOOLS BRINGS AWARENESS TO FOOD CHOICES AND SOURCES, INSPIRING US TO EAT LOCAL AND UNDERSTAND THE IMPACT OF FARMING.
COMMUNITY & SCHOOL VICTORY GARDENS. FARMON! VICTORY GARDEN IS AN EDIBLE EDUCATION WITH GARDEN-BASED LEARNING. WE HAVE OUR OWN VICTORY GARDEN AT EMPIRE FARM. TODAY, IT'S WHERE WE GROW MUCH OF THE PRODUCE FOR OUR COMMUNITY-SUPPORTED AGRICULTURE (CSA) PROGRAM, AS WELL AS PART OF THE CROP FOR OUR PILOT INITIATIVE FOR HEMP CULTIVATION WHICH WE SHARE IN TEMPLATES FOR LOCAL FARMS TO REPLICATE. CONNECTING THE VICTORY GARDEN TO THE CLASSROOM PROVIDES ENVIRONMENTAL SUSTAINABILITY PRACTICES AND TIES HEALTHY EATING TO SPORTS WITH OUR "SLAM DUNK YOUR VEGGIES" SCHOOL GARDEN ACTIVATION.
FARMON! ACCELERATOR. FARMON! AT EMPIRE FARM CURATES AN IMMERSIVE APPLIED LEARNING AND IN-RESIDENCE EXPERIENCE FOR YOUNG PEOPLE WHO HAVE GRADUATED HIGH SCHOOL OR COLLEGE AND ARE SEEKING EDUCATION IN A LEARN TO EARN ENTREPRENEURIAL OR VOCATIONAL SETTING ON THE FARM WITH OPPORTUNITIES THAT FOSTER THE ENTREPRENEURIAL SPIRIT IN AGRICULTURE THROUGH A BUSINESS LENS. OUR AG-BUSINESS INCUBATOR OFFERS AN APPRENTICESHIP FOR YOUNG ADULTS AND BEGINNING FARMERS TO LEARN REAL SKILLS (COOKING, COUNTING, CONFLICT RESOLUTION, COMMUNICATION, BUSINESS, AND BUDGETS) AND THE BUSINESS & ECONOMICS OF THE MODERN FOOD INDUSTRY BY MANAGING SALES TO CONNECT RURAL AND URBAN MARKETPLACES. THIS AUTHENTIC EXPERIENCE AIMS TO SHIFT THE PARADIGM TOWARD BETTER FOOD FOR ALL AND FOSTER AN ENTREPRENEURIAL APPROACH TO FARMING FOR THE NEXT GENERATION TO FEED US. IN PARTNERSHIP WITH SUNY & CORNELL CALS THIS ACCELERATOR PROGRAM PROVIDES CAREER PATHWAYS IN AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Varvatos President | OfficerTrustee | 5 | $0 |
Kipp Edick Secretary | OfficerTrustee | 2 | $0 |
Tessa Edick Chairman | Officer | 40 | $0 |
Matthew Kelleher Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $479,516 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,487,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,967,212 |
| Total Program Service Revenue | $900 |
| 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 | -$53,773 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$20,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,893,652 |
| 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 | $509,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,355 |
| Payroll taxes | $44,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,293 |
| Fees for services: Accounting | $17,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,935 |
| Office expenses | $40,849 |
| Information technology | $11,697 |
| Royalties | $0 |
| Occupancy | $188,155 |
| Travel | $30,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,221 |
| All other expenses | $16,087 |
| Total functional expenses | $1,231,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $470,433 |
| 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 | $2,684,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,347,309 |
| Total assets | $5,645,086 |
| Accounts payable and accrued expenses | $288,333 |
| Grants payable | $0 |
| Deferred revenue | $747,115 |
| 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 | $3,145,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,180,576 |
| Net assets without donor restrictions | $1,464,510 |
| 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 | $5,645,086 |