Troy Waterfront Farmers Market Inc
- Assets
- $141.0k
- Revenue
- $306.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Troy, NY
- Founding
- 12/2007
- Data as of
- 04/2023
- EIN
- 51-0611280
Organization Overview
Troy Waterfront Farmers Market Inc is located in Troy, NY. The organization was established in 2007. 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 04/2023, Troy Waterfront Farmers Market Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy Waterfront Farmers Market Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2023, Troy Waterfront Farmers Market Inc generated $306.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $331.2k during the year ending 04/2023. While expenses have increased by 13.9% 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
TO CREATE AND OPERATE A PRODUCER-ONLY, YEAR ROUND, INDEPENDENT, VIBRANT MARKETPLACE FEATURING LOCALLY GROWN FOOD AND LOCALLY MADE PRODUCTS, FOR THE MUTUAL BENEFIT OF LOCAL PRODUCERS, CONSUMERS, AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FARMERS' MARKET FOR THE BENEFIT OF MEMBERS AND LOCAL FARMERS, INCLUDE SET UP, CLEAN UP, ORGANIZING FARMERS, ADVERTISING AND PROVIDING CONSUMER INFORMATION REGARDING LOCALLY GROWN FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Bulich Trustee | Trustee | 1 | $0 |
Melanie O'malley Trustee | Trustee | 1 | $0 |
Cindy Pohlman Trustee | Trustee | 1 | $0 |
Dale Ila Riggs Trustee | Trustee | 1 | $0 |
Paul Macphail Trustee | Trustee | 1 | $0 |
Marty Irion Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,839 |
| Total Program Service Revenue | $267,915 |
| Investment income | $135 |
| 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 | $306,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,433 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,037 |
| Advertising and promotion | $18,692 |
| Office expenses | $5,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,780 |
| Travel | $316 |
| 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 | $14,162 |
| All other expenses | $8,031 |
| Total functional expenses | $331,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,865 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69 |
| Total assets | $141,015 |
| Accounts payable and accrued expenses | $10,972 |
| 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 | $10,972 |
| Net assets without donor restrictions | $0 |
| 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 | $130,043 |
| Total liabilities and net assets/fund balances | $141,015 |