Mill City Farmers Market Inc
- Assets
- $645.0k
- Revenue
- $346.1k
- Investments
- $10.0k
- Employees
- 18
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2021
- EIN
- 56-2647640
Organization Overview
Mill City Farmers Market Inc is located in Minneapolis, MN. As of 12/2021, Mill City Farmers Market Inc employed 18 individuals. Mill City Farmers Market Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Mill City Farmers Market Inc generated $346.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $244.4k during the year ending 12/2021. 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
CREATE A HEALTHY COMMUNITY BY PROVIDING LOCAL, SUSTAINABLE AND ORGANIC FOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE AND MANAGE WEEKLY FARMERS MARKETS TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOCAL FARMERS AND FOOD MAKERS: SUPPORT AND NURTURE MARKET VENDORS TO ENSURE THEIR SUCCESS. PROMOTE AND EDUCATE THE COMMUNITY ON SUSTAINABLE, REGENERATIVE FARMING PRACTICES AND ENVIRONMENTAL CONSERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Archer Executive Director | Officer | 10 | $98,844 |
Joe Dicker Board Chair | OfficerTrustee | 0.5 | $0 |
Katherine Klink Board Secretary | OfficerTrustee | 0.5 | $0 |
Anna Sawyer Board Treasurer | OfficerTrustee | 0.5 | $0 |
Laura Frerichs Director | Trustee | 0.5 | $0 |
Faye Jones Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,550 |
| Total Program Service Revenue | $73,314 |
| Investment income | $19 |
| 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 | -$3,230 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,246 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,171 |
| Compensation of current officers, directors, key employees. | $34,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,256 |
| Pension plan accruals and contributions | $13,328 |
| Other employee benefits | $0 |
| Payroll taxes | $48,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,329 |
| Advertising and promotion | $11,664 |
| Office expenses | $2,822 |
| Information technology | $2,778 |
| Royalties | $0 |
| Occupancy | $4,278 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,108 |
| All other expenses | -$365 |
| Total functional expenses | $244,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,967 |
| Savings and temporary cash investments | $187,515 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,530 |
| 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 | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,025 |
| Total assets | $645,037 |
| Accounts payable and accrued expenses | $41,611 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $61,611 |
| Net assets without donor restrictions | $571,821 |
| Net assets with donor restrictions | $11,605 |
| 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 | $645,037 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mill City Farmers Market Inc has recieved totaling $15,250.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CONTRIBUTION TO HELP WITH MISSION | | $15,000 |
Will Bracken Family Foundation Minneapolis, MN PURPOSE: TO PROVIDE FOR OPERATIONS | $250 |
Peer Organizations
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|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |