Tri Cycle Farms Inc
- Assets
- $332.2k
- Revenue
- $506.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Fayetteville, AR
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-5142044
Organization Overview
Tri Cycle Farms Inc, operating under the name Tri Cycle Farms, is located in Fayetteville, AR. The organization was established in 2015. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri Cycle Farms 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 12/2023, Tri Cycle Farms generated $506.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $506.3k during the year ending 12/2023. While expenses have increased by 27.3% per year over the past 9 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
PROMOTING FOOD SECURITY THROUGH FOOD RECOVERY AND COMMUNITY GARDENING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD DISTRIBUTION: TRI CYCLE FARMS DISTRIBUTES FOOD AND RESOURCES TO COMMUNITY MEMBERS ACROSS WASHINGTON COUNTY. THIS PROGRAM INCLUDES OUR ESTABLISHED FOOD AND SEED EVENTS, HARVESTED CROPS AND EGGS FROM OUR TWO ACRES FARM-PARK, AND FOOD RECOVERY PROGRAM IN PARTNERSHIP WITH WHOLE FOODS MARKER, INC. WE CURRENTLY DELIVER AN AVERAGE OF 437 POUNDS OF FOOD PER DAY (163,155 ANNUALLY) TO PARTNERING ORGANIZATIONS. DISTRIBUTED ITEMS INCLUDE RECOVERED FOOD, PLANT, FLORAL BOUQUETS, GLEAMED FOODS, AND HOUSEHOLD COMMODITIES.
URBAN AGRICULTURAL PROGRAM: THE GARDENS PROVIDE TWO ACRES OF PRODUCTION SPACE, YIELDING AVERAGE OF 3000 POUNDS ANNUALLY OF PRODUCE AND HERBS. THE URBAN AGRICULTURE PROGRAM IS A SUSTAINABLE, FARM-PARK THAT IS A HABITAT FOR WILDLIFE, POLLINATORS, AND NATIVE AND MEDICAL PLANTS. CHEMICAL FREE FARMING PRACTICES HAVE ALLOWED THIS HABITAT TO FLOURISH WHILE EDUCATING THE COMMUNITY ON THE IMPORTANCE OF HEALTHY ECOSYSTEM IN FOOD PRODUCTION, ENVIRONMENTAL STEWARDSHIP, AND THE FOSTERING OF NATURAL SPACES IN URBAN AREAS.
THE CITY CHICKS: THE CITY CHICKS PROGRAM PROVIDES URBAN CHICKEN HUSBANDRY EDUCATION OPPORTUNITIES TO CHILDREN AND ADULTS. EGGS ARE SHARED WITH LOW- INCOME COMMUNITY MEMBERS AND TRI CYCLE FARMS VOLUNTEERS. COMMUNITY MEMBERS CAN LEARN URBAN CHICKEN KEEPING, COOP PLANNING AND OTHER SKILLS THROUGH CLASSES AND WORKSHOPS DESIGNED TO INSPIRE DEVELOPMENT OF HOME FLOCKS WHICH WILL POSSIBLY IMPACT PERSONAL FOOD SECURITY AND NUTRITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Bassemier Director | OfficerTrustee | $0 | |
Diane Chen Secretary | Trustee | $0 | |
Ashley Stone President | Trustee | $0 | |
Justin Taylor Vice Preside | Trustee | $0 | |
Cherry Bennett Treasurer | Trustee | $0 | |
Erica Lattanzio Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $504,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $340,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,865 |
| Total Program Service Revenue | $0 |
| Investment income | $1,603 |
| 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 | $506,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $340,048 |
| 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 | $80,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,623 |
| Advertising and promotion | $150 |
| Office expenses | $1,697 |
| Information technology | $495 |
| Royalties | $0 |
| Occupancy | $16,328 |
| Travel | $1,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,921 |
| Insurance | $2,869 |
| All other expenses | $0 |
| Total functional expenses | $506,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,595 |
| 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 | $10,660 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $208,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,249 |
| 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 | $155,875 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,503 |
| Total liabilities | $158,378 |
| Net assets without donor restrictions | $165,119 |
| Net assets with donor restrictions | $8,752 |
| 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 | $332,249 |