Galvestons Own Farmers Market Inc
- Assets
- $323.9k
- Revenue
- $493.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Galveston, TX
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-4039301
Organization Overview
Galvestons Own Farmers Market Inc is located in Galveston, TX. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Galvestons Own Farmers Market Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galvestons Own 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 12/2022, Galvestons Own Farmers Market Inc generated $493.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $422.5k during the year ending 12/2022. While expenses have increased by 17.1% per year over the past 6 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
TO CONNECT GALVESTON COUNTY RESIDENTS WITH THEIR LOCAL FOOD ECONOMY AND IMPROVES QUALITY OF LIFE BY FOSTERING A GREATER SENSE OF COMMUNITY THROUGH ACCESS TO BETTER HEALTH, EDUCATION, AND AN ACTIVE CONNECTION TO SOURCES OF GOOD FOOD, ALONG WITH THE JOY OF EATING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY MARKETS: WE BRING LOCALLY GROWN ORGANIC PRODUCE, PREPARED FOODS AND EDIBLE FARM PRODUCTS TO RESIDENTS OF GALVESTON AT OUR YEAR-ROUND THURSDAY AND SUNDAY MARKETS.
YOUNG GARDENERS PROGRAM (YGP): YGP IS A COLLABORATION BETWEEN GOFM AND GALVESTON ISD THAT EMBEDS OUR VOLUNTEERS, CURRICULUM AND LEADERSHIP INTO GISD. CHILDREN AGES 1ST - 7TH GRADE ARE TAUGHT HOW TO GROW VEGETABLES, PREPARE FRESH MEALS AND LEARN FROM THE OUTDOORS IN HIGHPRODUCTION GARDENS BUILT, ORGANIZED AND MANAGED BY GOFM. VICTORY GARDENS PROGRAM: A COMMUNITY GARDENS PROGRAM WHEREIN GOFM INSTALLS AND MANAGES LARGE FOOD-GROWING GARDENS IN PARTNERSHIP WITH COMMUNITY ALLIES, NEIGHBORHOODS, AND ORGANIZATIONS FOCUSED ON UNDERSERVED INDIVIDUALS IN GALVESTON.
VICTORY GARDENS PROGRAM (VGP): OUR VICTORY GARDENS PROGRAM (VGP) BUILDS AND MANAGES VEGETABLE PRODUCTION BEDS AT PARTNERED SITES IN THE COMMUNITY. THIS PROGRAM TOOK SHAPE IN 2020 AS A WAY TO FURTHER MEET FOOD INSECURITY NEEDS FOR OUR COMMUNITY DURING THE PANDEMIC. IN TANDEM WITH OUR YGP GARDENS, THESE GARDENS LOCATED IN CENTRAL PUBLIC SITES ARE DESIGNED TO PROVIDE MORE VEGETABLE ACCESS TO HOUSEHOLDS ACROSS GALVESTON COUNTY AS WELL AS PROVIDE BEAUTIFUL HAVENS WHICH EMPOWER CONNECTION WITH THE OUTDOORS & FOOD FOR ALL WHO PASS BY. GOFM STAFF ENSURES CONSISTENT MAINTENANCE & ABUNDANT HARVESTS AT OUR VGP GARDENS. IN COLLABORATION WITH OUR COMMUNITY PARTNERS AND VOLUNTEERS, WE LOOK FORWARD TO GROWING THE VGP FAMILY OF GARDENS FOR YEARS TO COME!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Mcauliffe Executive Director | Officer | 40 | $60,000 |
Steven Baines President | OfficerTrustee | 12 | $0 |
Dustin Henry Vice President | OfficerTrustee | 12 | $0 |
Priscilla Files Treasurer | OfficerTrustee | 8 | $0 |
Siok Hong Chen-Sabot Secretary | OfficerTrustee | 6 | $0 |
Hank Thierry Board Member | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,327 |
| Related organizations | $0 |
| Government grants | $46,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,112 |
| Noncash contributions included in lines 1a–1f | $5,317 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,525 |
| Total Program Service Revenue | $94,341 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $802 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74 |
| Payroll taxes | $17,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,078 |
| Advertising and promotion | $2,057 |
| Office expenses | $7,965 |
| Information technology | $2,263 |
| Royalties | $0 |
| Occupancy | $5,066 |
| Travel | $3,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,795 |
| All other expenses | $7,700 |
| Total functional expenses | $422,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $7,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,349 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $323,867 |
| Accounts payable and accrued expenses | $6,880 |
| 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 | $0 |
| Total liabilities | $6,880 |
| Net assets without donor restrictions | $240,916 |
| Net assets with donor restrictions | $76,071 |
| 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 | $323,867 |