Troy Waterfront Farmers Market Inc
- Assets
- $168.7k
- Revenue
- $279.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Troy, NY
- Founding
- 12/2007
- Data as of
- 04/2022
- 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 04/2022, Troy Waterfront Farmers Market Inc employed 13 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 04/2022, Troy Waterfront Farmers Market Inc generated $279.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $207.2k during the year ending 04/2022. While expenses have increased by 8.5% per year over the past 7 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
2022
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 |
|---|---|---|---|
Job Riccetti Treasurer/treasurer Ex-Eficio | Officer | 2 | $0 |
Eric Dratler Secretary | Officer | 2 | $0 |
Jim Lewis Vice President | Officer | 2 | $0 |
Seth Jacobs President Emeritus | Officer | 2 | $0 |
Zach Metzger President | Officer | 2 | $0 |
Sally Ball Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,667 |
| Total Program Service Revenue | $199,684 |
| Investment income | $16 |
| 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 | $279,367 |
| 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 | $78,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,748 |
| 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 | $11,223 |
| Advertising and promotion | $7,730 |
| Office expenses | $6,320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,617 |
| Travel | $0 |
| 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 | $4,630 |
| All other expenses | $8,616 |
| Total functional expenses | $207,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,222 |
| 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 | $9,980 |
| Total assets | $168,722 |
| Accounts payable and accrued expenses | $14,393 |
| 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 | $14,393 |
| 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 | $154,329 |
| Total liabilities and net assets/fund balances | $168,722 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Troy Waterfront Farmers Market Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Capital District Physicians Health Plan Inc Albany, NY PURPOSE: PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chester County Food Bank Exton, PA | $14,718,999 | $9,745,576 |
Model Organic Farm Foundation New York, NY | $4,881,242 | $2,948,859 |
Refed Inc Long Island City, NY | $3,245,213 | $3,044,504 |
White Feather Farm Inc Saugerties, NY | $1,952,913 | $1,416,686 |
Just Roots Inc Greenfield, MA | $647,871 | $1,682,213 |
Vermont Farm-To-School Inc Newport, VT | $358,429 | $1,076,171 |
White Feather Forest Inc Saugerties, NY | $359,824 | $75,416 |
Marthas Vineyard Chamber Of Vineyard Haven, MA | $828,061 | $1,239,332 |
Common Market Mid-Atlantic Incorporated Philadelphia, PA | $1,938,202 | $6,499,769 |
Pitney Meadows Community Farm Inc Saratoga Springs, NY | $3,433,291 | $1,027,311 |
Connecticut Restaurant Association Inc Farmington, CT | $762,471 | $846,615 |
Common Ground Farm Inc Beacon, NY | $214,026 | $737,294 |