Retreat Farm
- Assets
- $14.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Brattleboro, VT
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-5042006
Organization Overview
Retreat Farm is located in Brattleboro, VT. The organization was established in 2016. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Retreat Farm employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retreat Farm 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, Retreat Farm generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 23.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT PEOPLE TO THE LAND AND ONE ANOTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES - RETREAT FARM COMPRISES A VAST, FREE, AND ACCESSIBLE PUBLIC COMMON THAT SERVED 60,000 UNIQUE VISITORS IN 2023. IN ADDITION TO MAINTAINING PUBLIC TRAILS AND WATERWAYS FOR OUTDOOR RECREATION, RETREAT FARM HOSTED COMMUNITY GATHERINGS, OUTDOOR CONCERTS, PERFORMANCES, ART INSTALLATIONS, AND PRIVATE EVENTS IN COLLABORATION WITH LOCAL NONPROFITS AND COMMUNITY PARTNERS. THE FARM CONTINUED TO PROVIDE CRITICAL COMMUNITY SERVICES AS THE HOME OF THE BRATTLEBORO BOYS AND GIRLS CLUB AFTER-SCHOOL PROGRAM AND VERMONT VILLAGE SCHOOL.
RESTORATION AND CONSERVATION - WITH FEDERAL AND STATE SUPPORT, WE BEGAN THE RESTORATION OF THE HISTORIC NORTH BARN INTO A YEAR-ROUND SPACE FOR COMMUNITY-ADVANCING EVENTS AND GATHERINGS - BOOSTING TOURISM AND STRENGTHENING SOCIAL TIES. WE ALSO CONTINUED THE RESTORATION OF THE WANTASTEGOK MEADOWS TRAIL AND CONTINUED OUR COLLABORATION WITH THE ATOWI PROJECT ON INTERPRETIVE SIGNAGE TO HIGHLIGHT THE CULTURAL SIGNIFICANCE OF THE WANTASTEGOK TRAIL.
FOOD & AGRICULTURE - WITH CONGRESSIONALLY DESIGNATED FUNDS, WE PLANNED THE RENOVATION OF THE FORMER GRAFTON VILLAGE CHEESE CO. FACILITY INTO A MULTI-TENANT FOOD PRODUCTION SPACE AND RETAIL MARKET THAT WILL SUPPORT FARMS AND VALUE-ADDED BUSINESSES IN THE REGIONAL FOOD SYSTEM STARTING IN 2024. WE CONTINUED OUR PARTNERSHIP WITH MILLER FARM TO SUPPORT ONE OF THE LARGEST ORGANIC DAIRIES IN VERMONT WITH PASTURELAND FOR THEIR DRY COWS, MAKING PRODUCTIVE USE OF OVER 240 ACRES OF AGRICULTURAL LAND. WE ALSO SUPPORTED FOOD EQUITY BY SERVING AS THE FISCAL SPONSOR OF THE COMMUNITY FOOD PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Schmidt President (term 12/23) | OfficerTrustee | 1 | $0 |
Daniel Dempsey Vice President | OfficerTrustee | 1 | $0 |
Mike Sands Director | Trustee | 1 | $0 |
Alex Wilson Director | Trustee | 1 | $0 |
Vern Grubinger Director | Trustee | 1 | $0 |
Samba Diallo Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hodgkins & Sons Contractors | 12/30/17 | $372,649 |
Vhb Engineering | 12/30/17 | $192,455 |
Christopher Parker Bldg & Restoration | 12/30/17 | $168,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,530,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,227,302 |
| Noncash contributions included in lines 1a–1f | $13,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,757,582 |
| Total Program Service Revenue | $113,530 |
| Investment income | $46,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $338,637 |
| Net Gain/Loss on Asset Sales | -$1,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,961 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,262,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $399,339 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $16,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $526,361 |
| Pension plan accruals and contributions | $6,808 |
| Other employee benefits | $18,932 |
| Payroll taxes | $60,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,706 |
| Fees for services: Accounting | $103,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,741 |
| Advertising and promotion | $4,771 |
| Office expenses | $65,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,813 |
| Travel | $13,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,385 |
| Insurance | $5,727 |
| All other expenses | $0 |
| Total functional expenses | $2,019,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,432 |
| Savings and temporary cash investments | $2,562,164 |
| Pledges and grants receivable | $3,022,047 |
| Accounts receivable, net | $33,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,804 |
| Prepaid expenses and deferred charges | $9,897 |
| Net Land, buildings, and equipment | $6,710,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,108,786 |
| Total assets | $14,798,405 |
| Accounts payable and accrued expenses | $558,532 |
| 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 | $328,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $886,744 |
| Net assets without donor restrictions | $12,476,200 |
| Net assets with donor restrictions | $1,435,461 |
| 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 | $14,798,405 |
Grants Awarded
Over the last fiscal year, Retreat Farm has awarded $384,126 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SUSU COMMUNITY FARM PURPOSE: GENERAL PURPOSE | $43,059 |
COMMUNITY FOOD PROJECT PURPOSE: GENERAL PURPOSE (FISCAL SPONSOREE) | $332,030 |
ATOWI PROJECT PURPOSE: GENERAL PURPOSE (FISCAL SPONSOREE) | $9,037 |