Fresh Future Farm Inc
- Assets
- $325.3k
- Revenue
- $553.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Charleston, SC
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 46-5699947
Organization Overview
Fresh Future Farm Inc is located in Charleston, SC. The organization was established in 2015. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Fresh Future Farm Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresh Future Farm 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 06/2021, Fresh Future Farm Inc generated $553.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $396.0k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRESH FUTURE FARM LEVERAGES UNUSED CITY ASSETS TO CREATE FOOD AND JOB OPPORTUNITIES THAT WILL TRANSFORM THE CURRENT FOOD DESERT INTO A MORE SELF-RELIANT AND ROBUST COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE ACCESS TO HIGH QUALITY FOOD IN AT-RISK COMMUNITIES: AFTER YEARS WITHOUT ANY GROCERY STORE OPENING IN THE CHICORA-CHEROKEE NEIGHBORHOOD OF NORTH CHARLESTON, SC, FFF SUCCESSFULLY RECLAIMED VACANT LAND TO CREATE AN URBAN FARM AND GROCERY OPERATION ACCEPTING SNAP FOR LOCALLY GROWN CHEMICAL FREE PRODUCE
LEVERAGE URBAN AGRICULTURE FOR SOCIALLY JUST ECONOMIC DEVELOPMENT AND A GRASSROOTS URBAN FOOD HUB; GROWING CLEMSON SPINELESS OKRA AND OTHER REGIONAL CROPS, HIRING AND TRAINING SOCIALLY DISADVANTAGED YOUTH AND ADULTS IN FARM AND MARKET MANAGEMENT, SETTING UP FARM AND INCUBATOR INFRASTRUCTURE
HOSTING EVENTS THAT TEACH THE COMMUNITY ABOUT THE FOODS THAT ARE RAISED AND GROWN AND HOW TO USE AND PREPARE THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Germaine Jenkins Executive Dir. | Trustee | 1 | $62,037 |
Steve Saltzman Treasurer | Officer | 1 | $0 |
Kennae Miller Chairman | Officer | 1 | $0 |
Asiah Mae Thomas Director | Officer | 1 | $0 |
Chris Tittle Director | Officer | 1 | $0 |
Barbara Nwokikw Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $570,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $577,959 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| 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 | -$24,570 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $553,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,700 |
| 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. | $62,037 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,300 |
| Payroll taxes | $4,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,367 |
| Fees for services: Accounting | $6,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,001 |
| Advertising and promotion | $4,652 |
| Office expenses | $26,300 |
| Information technology | $20,552 |
| Royalties | $0 |
| Occupancy | $28,104 |
| Travel | $590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,119 |
| All other expenses | $201 |
| Total functional expenses | $395,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,740 |
| Savings and temporary cash investments | $1,016 |
| 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 | $57,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $325,250 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $325,250 |
| 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 | $325,250 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Fresh Future Farm Inc has recieved totaling $349,831.
| Awarding Organization | Amount |
|---|---|
Satterberg Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $54,500 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $25,000 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: HUMAN NEEDS GRANT | $25,000 |
Elhapa Foundation Inc Lexington, KY PURPOSE: TO SUPPORT GENERAL OPERATIONS | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: FOOD, NUTRITION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unitehere Union And Employers Health And Welfare Fund Conyers, GA | $0 | $3,903,530 |
Bounty & Soul Black Mountain, NC | $759,613 | $2,538,834 |
North Carolina Beer And Wine Wholesalers Association Raleigh, NC | $1,653,445 | $1,161,857 |
Global Growers Network Inc Decatur, GA | $1,489,134 | $1,442,426 |
Wine And Spirits Wholesalers Of Georgia Inc Atlanta, GA | $836,576 | $1,011,762 |
Food Security For America Incorporated Smyrna, GA | $231,880 | $615,215 |
Mcdowell Lfac Nebo, NC | $842,553 | $740,712 |
Toe River Aggregation Center Training Organization Regional Inc Burnsville, NC | $1,065,708 | $512,279 |
American Sweet Potato Marketing Institute Inc Benson, NC | $166,161 | $358,884 |
Fresh Future Farm Inc Charleston, SC | $325,250 | $553,400 |
Asheville Culinary Festival Inc Asheville, NC | $201,837 | $437,199 |
Share-Ws Inc Winstonsalem, NC | $374,638 | $391,755 |