Heirloom Farmers Markets Inc
- Assets
- $448.8k
- Revenue
- $726.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Tucson, AZ
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-3227755
Organization Overview
Heirloom Farmers Markets Inc is located in Tucson, AZ. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Heirloom Farmers Markets Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heirloom Farmers Markets 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, Heirloom Farmers Markets Inc generated $726.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $566.7k during the year ending 12/2022. While expenses have increased by 8.9% 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
THE MISSION OF THE ORGANIZATION IS TO OPERATE WORLD-CLASS FARMERS MARKETS THAT CONTRIBUTE TO THE SUCCESS OF FOOD GROWERS IN SOUTHERN ARIZONA AND CREATE VIBRANT COMMUNITY GATHERING PLACES. THE ORGANIZATION IS DEDICATED TO PROMOTING FARM VIABILITY, SUSTAINABLE LAND USE AND ENGAGING OUR COMMUNITY IN THE LOCAL FOOD ECONOMY. WE'RE HELPING TO BUILD A COMMUNITY FOOD SYSTEM THAT HONORS PRODUCERS, TEACHES CONSUMERS ABOUT GOOD FOOD AND ENHANCES THE QUALITY OF LIFE IN SOUTHERN ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES A CUSTOMER BASE OF MORE THAN 1,500 PER WEEK AND PROVIDES MORE THAN 100 SMALL BUSINESSES AT THREE MARKETS IN SOUTHERN ARIZONA. THE MARKETS PROVIDE FERTILE GROUND FOR SMALL LOCAL FARMS AND FOOD BUSINESSES TO GROW, OPPORTUNITIES FOR SHOPPERS TO MEET FOOD PRODUCERS AND VIBRANT SPACE WITH EDUCATION AND ENTERTAINMENT FOR PEOPLE IN THEIR COMMUNITIES TO GATHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Param Dedhia Director | Trustee | 2 | $0 |
Susan Fulton Director | Trustee | 2 | $0 |
Charles A Davis Jr Director | Trustee | 2 | $0 |
Manish Shah Director | Trustee | 2 | $0 |
Janet Taylor Director | Trustee | 2 | $0 |
Deborah Tenino Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,518 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,673 |
| Total Program Service Revenue | $395,213 |
| Investment income | $57 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $726,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,050 |
| 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 | $183,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,835 |
| Payroll taxes | $15,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,041 |
| Advertising and promotion | $22,126 |
| Office expenses | $3,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,602 |
| Travel | $24 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,218 |
| Insurance | $7,032 |
| All other expenses | $5,866 |
| Total functional expenses | $566,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,461 |
| Savings and temporary cash investments | $0 |
| 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 | $2,303 |
| Net Land, buildings, and equipment | $284,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $448,789 |
| 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 | $159,405 |
| Total liabilities | $159,405 |
| Net assets without donor restrictions | $289,384 |
| 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 | $448,789 |