Tacoma Farmers Market
- Assets
- $342.6k
- Revenue
- $525.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Tacoma, WA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 91-1647227
Organization Overview
Tacoma Farmers Market is located in Tacoma, WA. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Tacoma Farmers Market employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma Farmers Market 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 12/2022, Tacoma Farmers Market generated $525.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $504.4k during the year ending 12/2022. While expenses have increased by 13.6% 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
THE MISSION OF THE TACOMA FARMERS MARKET IS TO PROVIDE A SUSTAINABLE MARKET VENUE WHERE LOCAL FARMS AND SMALL BUSINESSES CAN CONNECT DIRECTLY WITH CONSUMERS AND THE COMMUNITY. IN DOING SO, OUR THREE MARKETS SUPPORT OUR VISION OF: PRESERVING LOCAL FARMS AND FARMLAND, STRENGTHENING OUR LOCAL ECONOMY, BUILDING SMALL BUSINESSES, PROVIDING ACCESS TO HEALTHY FOOD FOR ALL RESIDENTS, AND CREATING VIBRANT SPACES FOR COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRESH EXPRESS MOBILE MARKET IS A YEAR ROUND MOBILE MARKET THAT TRAVELS TO 8 DIFFERENT LOCATIONS THROUGHOUT PIERCE COUNTY. THIS MARKET BRINGS FRESH AND LOCAL PRODUCE, BREAD, EGGS, AND OTHER ITEMS TO CUSTOMERS WHO MAY HAVE TRANSPORTATION OR OTHER MOBILITY RESTRICTIONS. THIS PROGRAMS PARTNERS WITH COMMUNITY ORGANIZATIONS TO PIN POINT LOCATIONS WITH LIMITED FOOD ACCESS AS WELL AS WITH LOCAL FARMERS TO PURCHASE DIRECTLY AND SELL TO CONSUMERS. FEM ACCEPTS EBT, SNAP AND PEBT AS WELL AS OTHER FORMS OF PAYMENT ASSISTANCE.
TFM TRADITIONAL MARKETS RUN 4 DAYS A WEEK FROM MAY-SEPTEMBER AND INCLUDE 4 TACOMA LOCATIONS: DOWNTOWN BROADWAY, EASTSIDE, POINT RUSTON AND MULTICARE IN HILLTOP. THESE MARKETS SUPPORT WIC, EBT, PEBT, AND SNAP PROGRAMS FOR FAMILIES AND INDIVIDUALS QUALIFYING FOR ASSISTANCE. TO QUALIFY AS A FARMERS MARKET THROUGH THE WFMA, AS WELL AS ACCEPT WIC, WE MUST COMMIT TO HOSTING 5 FARMERS PER MARKET WITH A CERTAIN PERCENTAGE OF REVENUE GOING TO OUR FARM VENDORS. OUR COMMITMENT TO QUALIFYING AS A FARMERS MARKET SOLIDIFIES OUR GOALS TO INCREASE ACCESS TO FRESH AND LOCAL PRODUCE. THESE MARKETS ALSO PROVIDE A SPACE FOR LOCAL FARMERS AND BUSINESSES TO DIRECT SELL TO CUSTOMERS AND TO BUILD A CUSTOMER BASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Britt Mcgrath Executive Dir. | Officer | 40 | $45,509 |
Jason Gauthier Board Member | Trustee | 10 | $0 |
Lynnette Buffington Boar Member | Trustee | 10 | $0 |
Kamal Sidhu Board Member | Trustee | 10 | $0 |
Michael Scholzen Treasurer | OfficerTrustee | 10 | $0 |
Alanna Rogers Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,279 |
| Total Program Service Revenue | $109,010 |
| Investment income | $290 |
| 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 | $525,579 |
| 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. | $45,509 |
| Compensation of current officers, directors, key employees. | $4,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,517 |
| Pension plan accruals and contributions | $1,222 |
| Other employee benefits | $13,106 |
| Payroll taxes | $25,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $16,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,619 |
| Advertising and promotion | $1,766 |
| Office expenses | $5,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,226 |
| All other expenses | $15,431 |
| Total functional expenses | $504,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $76 |
| Inventories for sale or use | $20,265 |
| Prepaid expenses and deferred charges | $1,300 |
| Net Land, buildings, and equipment | $85,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $342,571 |
| Accounts payable and accrued expenses | $2,683 |
| 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 | $2,175 |
| Other liabilities | $0 |
| Total liabilities | $4,858 |
| Net assets without donor restrictions | $337,713 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $342,571 |