Good Acre
- Assets
- $1.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Falcon Heights, MN
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 47-1663334
Organization Overview
Good Acre is located in Falcon Heights, MN. The organization was established in 2014. 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 12/2023, Good Acre employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Acre 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, Good Acre generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 23.0% 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
WE CONNECT AND STRENGTHEN FARMERS, FOOD MAKERS, AND COMMUNITIES THROUGH GOOD FOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR GROWER SUPPORT PROGRAM CONNECTED WITH 132 FARMERS ACROSS ALL PROGRAMMING. WE CONTINUED LEAFF FOR THE FOURTH YEAR, SUPPORTING 65 FARMS AND DONATING MORE THAN 180,000 POUNDS OF LOCALLY GROWN PRODUCE TO HUNGER RELIEF ORGANIZATIONS. WE COMPLETED 60 FARM VISITS TO DELIVER IN-PERSON TECHNICAL ASSISTANCE ON FARM MANAGEMENT AND WHOLESALE READINESS. 98% OF THE FARMERS IN THE LEAFF PROGRAM SAID THAT THE PROGRAM ALLOWED THEM TO REDUCE OR ELIMINATE THE AMOUNT OF WASTE PRODUCED ON THEIR FARMS.
87% OF THE PRODUCE SOURCED THROUGH OUR MARKET ACCESS PROGRAM WAS FROM BIPOC FARMERS, CONSIDERABLY ENHANCING ECONOMIC OPPORTUNITY FOR EMERGING FARMERS. WE PURCHASED MORE THAN 5,000 IN PRODUCE FROM 57 FARMS AND 10,000 OR MORE FROM 65 FARMS. 70% OF THE FOOD SOURCED WAS FOR FOOD ACCESS PARTNERSHIPS, INCLUDING K-12 SCHOOLS, FOOD BANKS, HIGHER EDUCATION AND HEALTHCARE ORGANIZATIONS, ENSURING THAT THE MAJORITY OF PURCHASING NOT ONLY BENEFITTED FARMERS, BUT THE BROADER COMMUNITY. WE USED THE COLLECTIVE BUYING POWER OF 620 COMMUNITY SUPPORTED AGRICULTURE MEMBERS TO PURCHASE OVER 200,000 IN PRODUCE FOR DIRECT-TO-CONSUMER DISTRIBUTION. FOR EVERY DOLLAR MOVED THROUGH OUR MARKET ACCESS PROGRAMS, THE USDA LOCAL FOOD IMPACT MODEL ESTIMATES THAT 1.62 IS GENERATED IN ECONOMIC ACTIVITY.
OUR SHARED USE KITCHEN WAS RENTED TO 22 SMALL BUSINESS OWNERS AND ENTREPRENEURS. WE GRADUATED TWO COHORTS OF 19 STUDENTS THROUGH VOCUL, A CULINARY EDUCATION AND WORKFORCE DEVELOPMENT PROGRAM FOCUSED ON SCRATCH COOKING AND USING LOCALLY GROWN PRODUCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Mccormick Executive Di | Officer | 40 | $120,489 |
Megan Morgan President | OfficerTrustee | 1 | $0 |
Tina May Vice Preside | OfficerTrustee | 1 | $0 |
Dave Frederickson Treasurer | OfficerTrustee | 1 | $0 |
Beth Dooley Secretary | OfficerTrustee | 1 | $0 |
Beth Fritcher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $581,341 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,073,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,655,201 |
| Total Program Service Revenue | $230,269 |
| Investment income | $1,960 |
| 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 | $250,825 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,139,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $363,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,489 |
| Compensation of current officers, directors, key employees. | $72,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $824,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,686 |
| Payroll taxes | $130,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,239 |
| Fees for services: Accounting | $155,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $232,803 |
| Advertising and promotion | $21,294 |
| Office expenses | $40,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,556 |
| Travel | $6,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,781 |
| Interest | $2,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,730 |
| Insurance | $31,851 |
| All other expenses | $11,770 |
| Total functional expenses | $2,262,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,851 |
| Savings and temporary cash investments | $66,166 |
| Pledges and grants receivable | $681,600 |
| Accounts receivable, net | $67,863 |
| 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 | $6,596 |
| Net Land, buildings, and equipment | $76,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,986 |
| Total assets | $1,123,549 |
| Accounts payable and accrued expenses | $110,148 |
| Grants payable | $0 |
| Deferred revenue | $44,958 |
| 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 | $50,098 |
| Unsecured mortgages and notes payable | $5,001 |
| Other liabilities | $10,986 |
| Total liabilities | $221,191 |
| Net assets without donor restrictions | $246,944 |
| Net assets with donor restrictions | $655,414 |
| 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 | $1,123,549 |
Grants Awarded
Over the last fiscal year, Good Acre has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HMONG AMERICAN PARTNERSHIP PURPOSE: MN DHS GRANT | $7,000 |
LATINO ECONOMIC DEVELOPMENT CENTER PURPOSE: MN DHS GRANT | $7,000 |