Sprouting Farms Corp
- Assets
- $1.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 35
- Location
- Talcott, WV
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-3566706
Organization Overview
Sprouting Farms Corp is located in Talcott, WV. The organization was established in 2017. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Sprouting Farms Corp employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sprouting Farms Corp 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 12/2021, Sprouting Farms Corp generated $1.8m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH LOCAL FARMERS, AND TO EXPAND MARKETS FOR THEIR PRODUCTS, INCLUDING SALES TO SCHOOLS AND LOCAL FARMERS MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING NEW & EXISTING FARM BUSINESSES & INCREASING LOCAL FOOD PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Koenig Executive Director | Officer | 40 | $52,849 |
Ann Stroud President | OfficerTrustee | 2 | $0 |
Spencer Moss Vice President | OfficerTrustee | 2 | $0 |
Ashley Matheny Secretary | OfficerTrustee | 1 | $0 |
Eric Fitts Treasurer | OfficerTrustee | 2 | $0 |
True Johnson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,541,021 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,574,048 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $203,867 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,777,915 |
| 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. | $52,849 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,820 |
| Payroll taxes | $45,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $61,790 |
| Advertising and promotion | $10,338 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $19,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,086 |
| Interest | $3,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,438 |
| Insurance | $0 |
| All other expenses | $113,750 |
| Total functional expenses | $1,546,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $558,418 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,810 |
| Prepaid expenses and deferred charges | $544 |
| Net Land, buildings, and equipment | $753,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,770,365 |
| Accounts payable and accrued expenses | $186,174 |
| Grants payable | $0 |
| Deferred revenue | $95,909 |
| 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 | $539,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $821,983 |
| Net assets without donor restrictions | $845,378 |
| Net assets with donor restrictions | $103,004 |
| 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 | $1,770,365 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sprouting Farms Corp has recieved totaling $306,492.
| Awarding Organization | Amount |
|---|---|
Appalachian Sustainable Development Bristol, VA | | $170,426 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $120,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $16,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elevator Industry Work Preservation Fund Columbia, MD | $75,509,631 | $27,265,052 |
Ohio Farm Bureau Federation Inc Columbus, OH | $50,357,469 | $22,080,243 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Ohio Soybean Council Worthington, OH | $9,472,196 | $9,336,413 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Ohio County & Independent Agricultural Societies Delaware, OH | $10,485,071 | $9,270,714 |
Ohio County & Independent Agricultural Societies Canfield, OH | $2,246,488 | $4,939,954 |
United Food And Commercial Workers International Union Gaithersburg, MD | $2,738,530 | $4,012,146 |
Pennsylvania Certified Organic Spring Mills, PA | $1,487,363 | $4,239,851 |