The Center For An Agricultural Economy

Organization Overview

The Center For An Agricultural Economy is located in Hardwick, VT. The organization was established in 2006. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2023, Center For An Agricultural Economy employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For An Agricultural Economy 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, Center For An Agricultural Economy generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 18.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENGAGE THE PUBLIC IN BUILDING A REGENERATIVE, LOCALLY-BASED HEALTHY FOOD SYSTEM BY PROVIDING COMMUNITY OPEN SPACE FOR AGRICULTURAL EDUCATION AND PUBLIC EVENTS, THROUGH RESEARCH AND DEVELOPMENT OF VALUE ADDED AND LOCAL PRODUCTS TO ENHANCE THE STRENGTH OF VERMONT AGRICULTURE, AND THROUGH ASSISTING IN HUNGER RELIEF AND LOCAL FOOD ACCESS PROJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FARM CONNEX - CAES FARM PRODUCT DELIVERY SERVICE OPERATES UNIQUELY AS A DELIVERY SERVICE, RATHER THAN AS A DISTRIBUTOR, FOR SMALL AND MEDIUM FARMS AND FOOD BUSINESSES THAT MAY NOT BE ABLE TO UTILIZE LARGER DISTRIBUTION CHAINS IN ORDER TO ACCESS WHOLESALE MARKETS IN THE REGION. FARM CONNEX SERVES OVER 60 FARMS THROUGHOUT VERMONT, PICKING UP PRODUCTS AND DELIVERING THEM TO THEIR MARKETS.


VERMONT FARM FUND - CAE'S REVOLVING LOAN FUND FOR LOCAL FARMERS AND FOOD PRODUCERS. THE FUND WAS DEVELOPED IN RESPONSE TO INCREASING DEMAND FROM FARMERS WHO WERE STARTING NEW ENTERPRISES OR MOVING ONTO NEW LAND, AND NEEDED CAPITAL TO FUND INFRASTRUCTURE IMPROVEMENTS OR EQUIPMENT TO GET UP AND RUNNING. THIS IS A TRUE REVOLVING LOAN FUND, AS THE COMMUNITY OF RECIPIENTS PAY BACK THEIR LOANS, FUNDS ARE REPLENISHED FOR THE NEXT CYCLE OF BORROWERS. VERMONT FOOD VENTURE CENTER - THE VFVC IS A SHARED-USE KITCHEN AND FOOD BUSINESS INCUBATOR AVAILABLE TO VALUE-ADDED AND SPECIALTY FOOD PRODUCERS LOOKING TO LAUNCH OR SCALE UP THEIR FOOD-BASED ENTERPRISE. VFVC CLIENTS CAN RENT THE KITCHENS ON AN HOURLY BASIS, UTILIZE CO-PACKING SERVICES, AND TAKE ADVANTAGE OF TECHNICAL ASSISTANCE WORKSHOPS AND A SUITE OF BUSINESS ADVISING SERVICES. THE VFVC IS DESIGNED TO MEET ALL THE MISSION ELEMENTS OF CAE BY PROVIDING INFRASTRUCTURE, EDUCATION, AND TECHNICAL ASSISTANCE TO DEVELOP AND PROMOTE THE VIABILITY OF THE LOCAL AGRICULTURAL ECONOMY. THE BUSINESS PLANNERS IN OUR FARM & FOOD BUSINESS RESOURCES TEAM OFFER WRAPAROUND SERVICES, INCLUDING BUSINESS PLANNING, TECHNICAL ASSISTANCE, AND FOOD SAFETY TRAINING, AVAILABLE TO ALL VFVC CLIENTS.


COMMUNITY CONNECTIONS - CAE'S COMMUNITY PROGRAMS RAISE AWARENESS OF THE LOCAL FOOD SYSTEM AND CREATE COLLABORATIVE PARTNERSHIPS TO ENHANCE THE COMMUNITY'S UNDERSTANDING OF FOOD AND FARMING AND RELIEVE THE INCIDENCE OF HUNGER THROUGH LOCAL FOOD ACCESS. THE PROGRAM INCLUDES OUR MANAGEMENT OF THE HARDWICK COMMUNITY GARDENS AT ATKINS FIELD, OUR GROW YOUR OWN EDUCATIONAL WORKSHOP SERIES WITH THE HARDWICK AREA FOOD PANTRY, OUR PLACE- BASED EDUCATION INITIATIVES WITHIN THE OSSU SCHOOL DISTRICT, AND HUNGER RELIEF AND FOOD SOVEREIGNTY INITIATIVES THROUGH OUR FOOD JUSTICE PROGRAM.


JUST CUT - CAES FARM-TO-INSTITUTION PROGRAM LIGHTLY PROCESSES LOCAL FARM- FRESH PRODUCE FOR SALE AND DISTRIBUTION TO VERMONTS PUBLIC SCHOOLS, COLLEGES, AND HOSPITALS. BY PARTNERING WITH LOCAL FARMERS, FOOD BUYERS ACROSS NEW ENGLAND, AND A REGIONAL DELIVERY NETWORK, WE HELP ENSURE THE VIABILITY OF VERMONTS WORKING LANDSCAPES AND PROVIDE GREATER ACCESSIBILITY OF HIGH-QUALITY PRODUCE TO ALL MARKETS.


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Board, Officers & Key Employees

Name (title)Compensation
Margie Prevot
Co-Chair
$0
Helen Beattie
Co-Chair
$0
Meredith Davis
Treasurer
$0
Ben Nottermann
Secretary
$0
Libby Mullin
Director
$0
Andrew Meyer
Director (to
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $576,229
All other contributions, gifts, grants, and similar amounts not included above$3,119,721
Noncash contributions included in lines 1a–1f $451
Total Revenue from Contributions, Gifts, Grants & Similar$3,695,950
Total Program Service Revenue$1,213,995
Investment income $5,603
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,556
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,902,744

Grants Awarded

Over the last fiscal year, The Center For An Agricultural Economy has awarded $86,098 in support to 4 organizations.

Grant RecipientAmount

CIVIC STANDARD

PURPOSE: PROGRAM SUPPORT

$11,098

ORLEANS SOUTHWEST SUPERVISORY UNION

PURPOSE: EQUIPMENT PURCHASE

$25,000

VERMONT RABBITRY

PURPOSE: CAPITAL SUPPORT

$20,000

SPARROW ARC FARM

PURPOSE: CAPITAL SUPPORT

$30,000
View Grant Profile

Peer Organizations

Organization NameAssets
Vermont Youth Conservation Corps Inc
Richmond, VT
$11,128,939
The Center For An Agricultural Economy
Hardwick, VT
$4,902,744
Environmental Grantmakers Association
New York, NY
$3,356,137
New Economy Coalition Inc
Boston, MA
$2,551,393
The Stringer Foundation
New York, NY
$1,200,877
North Shore Innoventures Inc
Beverly, MA
$1,567,904
Energy For Common Good Inc
Concord, MA
$1,280,935
Museum At Eldridge Street
New York, NY
$1,872,826
Alliance To Protect Nantucket Sound Inc
Hyannis, MA
$1,280,543
Blue Mountain Center
Blue Mountain Lake, NY
$1,233,976
Shalin Liu Wildlife Sanctuary Foundation
Boston, MA
$593,925
North American Passive House Network Inc
New York, NY
$739,925
Enviromental League Of Massachusetts
Boston, MA
$851,067
Brooklyn Greenway Initative
Brooklyn, NY
$919,454
Earth Matter Ny Inc
New York, NY
$961,451
Interlace Commons Inc
Bristol, VT
$678,275
Sailors Snug Harbor Of Boston
Boston, MA
$323,544
Discover Cayuga Lake Inc
Ithaca, NY
$442,856
Protect The Adirondacks Inc
North Creek, NY
$352,928
Bronx Is Blooming
Bronx, NY
$546,602
Mohawk Trail Assoc Inc
North Adams, MA
$427,375
Friends Of Bedrock Gardens
Lee, NH
$361,624
New York Building Foundation Inc
New York, NY
$329,284
American Environmental Health Studies Project Inc
Essex Junction, VT
$310,462
Bike & Build Inc
Brooklyn, NY
$288,656

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