Civic Intelligence

Farmshare Austin

990 • Fiscal year 2021 • EIN 46-1200713

Aug 01, 2020 to Jul 31, 2021 • Filed on Jun 14, 2022

3608 River RoadCedar Creek, TX 78612

(512) 410-0277

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.16x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

51st percentile

13%

Higher net margin than 51% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

63rd percentile

$39,558

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

81st percentile

46%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

18%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$369,932

Up $115,986 (+46%) from 2020

Net Assets

Up

$310,079

Up $91,328 (+42%) from 2020

Liabilities

Up

$59,853

Up $24,658 (+70%) from 2020

Revenue

Up

$704,102

Up $107,053 (+18%) from 2020

Expenses

Up

$612,774

Up $160,813 (+36%) from 2020

Net Income

Down

$91,328

Down $53,760 (-37%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2014: $41,412Liabilities 2014: $2,448Net Assets 2014: $38,9642014Assets 2015: $53,548Liabilities 2015: $2,350Net Assets 2015: $51,1982015Assets 2016: $119,647Liabilities 2016: $12,688Net Assets 2016: $106,9592016Assets 2017: $147,954Liabilities 2017: $13,8282017Assets 2018: $190,985Liabilities 2018: $22,225Net Assets 2018: $168,7602018Assets 2019: $94,696Liabilities 2019: $21,033Net Assets 2019: $73,6632019Assets 2020: $253,946Liabilities 2020: $35,195Net Assets 2020: $218,7512020Assets 2021: $369,932Liabilities 2021: $59,853Net Assets 2021: $310,0792021Assets 2022: $363,021Liabilities 2022: $57,933Net Assets 2022: $305,0882022Assets 2023: $701,185Liabilities 2023: $226,932Net Assets 2023: $474,2532023Assets 2024: $828,593Liabilities 2024: $415,247Net Assets 2024: $413,3462024

Highlighted filing

2021

Assets$369,932
Liabilities$59,853
Net Assets$310,079

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $111,920Expenses 2014: $87,255Net Income 2014: $24,6652014Revenue 2015: $120,760Expenses 2015: $108,526Net Income 2015: $12,2342015Revenue 2016: $170,971Expenses 2016: $115,300Net Income 2016: $55,6712016Revenue 2017: $165,540Expenses 2017: $138,373Net Income 2017: $27,1672017Revenue 2018: $346,350Expenses 2018: $311,716Net Income 2018: $34,6342018Revenue 2019: $289,858Expenses 2019: $355,451Net Income 2019: -$65,5932019Revenue 2020: $597,049Expenses 2020: $451,961Net Income 2020: $145,0882020Revenue 2021: $704,102Expenses 2021: $612,774Net Income 2021: $91,3282021Revenue 2022: $741,965Expenses 2022: $746,956Net Income 2022: -$4,9912022Revenue 2023: $1,116,836Expenses 2023: $965,199Net Income 2023: $151,6372023Revenue 2024: $1,271,057Expenses 2024: $1,293,564Net Income 2024: -$22,5072024

Highlighted filing

2021

Revenue$704,102
Expenses$612,774
Net Income$91,328
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 14, 2022
Return Version
2020v4.0
Gross Receipts
$704,102
Mission and Program Overview

Mission

FarmShare Austin envisions a future of resilient local food economies that provide farmers with livable incomes, value the resources needed to farm, and ensure organic food access. We take a whole-systems approach to community food security by training organic farmers, improving farm practices, preserving farmland, and increasing access to organic food.

FarmShare Austin's mission is to grow a healthy, just and equitable local food system by increasing community food access and cultivating new farmers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$134,592$221,325▲ $86,733
Land, Buildings, and Equipment, Net$48,699$81,367▲ $32,668
Pledges and Grants Receivable$59,997$52,244▼ $7,753
Cash and Non-Interest-Bearing Accounts$3,676$5,945▲ $2,269
Accounts Receivable$1,739$4,318▲ $2,579
Prepaid Expenses and Deferred Charges$5,243$3,519▼ $1,724
Inventories for Sale or Use-$1,214-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$253,946$369,932▲ $115,986
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$28,195$51,034▲ $22,839
Deferred Revenue$7,000$8,819▲ $1,819
Total Liabilities$35,195$59,853▲ $24,658
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$169,233$271,085▲ $101,852
Net Assets With Donor Restrictions$49,518$38,994▼ $10,524
Total Net Assets Fund Balance$218,751$310,079▲ $91,328
Total Liabilities and Net Assets / Fund Balance$253,946$369,932▲ $115,986

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$78,531$27,159$105,690
Leasehold Improvements-$33,950$33,950
Other Land Buildings$2,836$2,266$5,102
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrea AbelExec DirectorFT$39,558$39,558

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$564,694
Program Service Revenue
$137,107
Investment Income
$0
Other Revenue
$2,301
All Other Contributions
$208,544
Change in Net Assets
$91,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$408,157
Other Expenses$204,617
Total Fundraising Expense$15,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,491$12,532$1,577$316,600
Payroll Taxes$36,251$5,504$1,190$42,945
Current Officers, Directors, Trustees, and Key Employees-$33,400$8,350$41,750
Other Expenses$14,953$2,271$491$17,715
Depreciation Depletion$14,471--$14,471
Insurance$3,892$8,876$127$12,895
Fees for Services Other$11,246--$11,246
Other Employee Benefits$5,793$879$190$6,862
Fees for Services Accounting-$2,601-$2,601
Total Functional Expenses$518,550$79,116$15,108$612,774
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special events$21,549---
Total Events$21,549---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was prepared by the Organization's CPA. It was reviewed by the Executive Director and Treasurer before it was filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each director, principal officer and member of a committee with powers delegated by the governing board annually signs a statement which affirms such person:a. has received a copy of the conflicts of interest policy,b. has read and understands the policy,c. has agreed to comply with the policy, andd. understands FarmShare is charitable and in order to maintain its federal tax exemption, FarmShare must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director receives a salary set by the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Certain other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
FarmShare Austin
EIN
46-1200713
Phone
5124100277
Address
3608 River Road, Cedar Creek, TX 78612

Signing Officer

Name
Andrea Abel
Title
Executive Director
Signed
2022-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Abel
Formed
2012
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
14
Volunteers
97

Preparer

Firm
Dunagan Jack LLP
Address
4833 Spicewood Springs Rd Ste 102, Austin, TX 78759
Preparer
Gary Joseph Jack
Phone
5124208997
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0190
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0879
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05793
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06862
IRS990/OtherExpensesGrp/Desc0Produce for resale
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IRS990/OtherExpensesGrp/Desc3Facilities and utilities
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12271
IRS990/OtherExpensesGrp/ProgramServicesAmt069626
IRS990/OtherExpensesGrp/ProgramServicesAmt125090
IRS990/OtherExpensesGrp/ProgramServicesAmt234737
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0302491
IRS990/OtherSalariesAndWagesGrp/TotalAmt0316600
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01190
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05504
IRS990/PayrollTaxesGrp/ProgramServicesAmt036251
IRS990/PayrollTaxesGrp/TotalAmt042945
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt059997
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052244
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05243
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IRS990/ProgramServiceRevenueGrp/Desc1Produce sales
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IRS990/PYContributionsGrantsAmt0496643
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IRS990/PYOtherExpensesAmt0178587
IRS990/PYOtherRevenueAmt02262
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IRS990/ReconcilationRevenueExpnssAmt091328
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IRS990ScheduleA/TotalSupportAmt01826264
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt078531
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105690
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033950
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033950
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02836
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02266
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Special events
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