Civic Intelligence

Farm on Foundation Inc.

990 • Fiscal year 2017 • EIN 46-1999952

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

556 Empire RoadCopake, NY 12516

(617) 852-0313

Siviq Scores

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

Liabilities / Assets

75th percentile

0.20x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

0.36x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Net Margin

7th percentile

-37%

Higher net margin than 7% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Asset Growth

7th percentile

-23%

Faster asset growth than 7% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-58%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$925,100

Down $271,154 (-23%) from 2016

Net Assets

Down

$743,291

Down $187,523 (-20%) from 2016

Liabilities

Down

$181,809

Down $83,631 (-32%) from 2016

Revenue

Down

$501,387

Down $699,072 (-58%) from 2016

Expenses

Down

$688,910

Down $2,900 (-0.4%) from 2016

Net Income

Down

-$187,523

Down $696,172 (-137%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $58,196Liabilities 2014: $20,000Net Assets 2014: $38,1962014Assets 2015: $619,294Liabilities 2015: $197,129Net Assets 2015: $422,1652015Assets 2016: $1,196,254Liabilities 2016: $265,440Net Assets 2016: $930,8142016Assets 2017: $925,100Liabilities 2017: $181,809Net Assets 2017: $743,2912017Assets 2018: $1,034,955Liabilities 2018: $533,920Net Assets 2018: $501,0352018Assets 2019: $4,082,294Liabilities 2019: $3,515,936Net Assets 2019: $566,3582019Assets 2020: $4,137,594Liabilities 2020: $4,424,184Net Assets 2020: -$286,5902020Assets 2021: $4,084,520Liabilities 2021: $4,083,768Net Assets 2021: $7522021Assets 2022: $5,645,086Liabilities 2022: $4,180,576Net Assets 2022: $1,464,5102022Assets 2023: $6,073,030Liabilities 2023: $4,569,827Net Assets 2023: $1,503,2032023Assets 2024: $6,263,664Liabilities 2024: $4,241,782Net Assets 2024: $2,021,8822024

Highlighted filing

2017

Assets$925,100
Liabilities$181,809
Net Assets$743,291

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $269,702Expenses 2014: $231,506Net Income 2014: $38,1962014Revenue 2015: $800,744Expenses 2015: $416,775Net Income 2015: $383,9692015Revenue 2016: $1,200,459Expenses 2016: $691,810Net Income 2016: $508,6492016Revenue 2017: $501,387Expenses 2017: $688,910Net Income 2017: -$187,5232017Revenue 2018: $651,142Expenses 2018: $622,122Net Income 2018: $29,0202018Revenue 2019: $237,038Expenses 2019: $683,590Net Income 2019: -$446,5522019Revenue 2020: $71,822Expenses 2020: $838,051Net Income 2020: -$766,2292020Revenue 2021: $1,697,223Expenses 2021: $1,430,611Net Income 2021: $266,6122021Revenue 2022: $2,893,652Expenses 2022: $1,231,489Net Income 2022: $1,662,1632022Revenue 2023: $1,043,939Expenses 2023: $843,689Net Income 2023: $200,2502023Revenue 2024: $604,288Expenses 2024: $972,912Net Income 2024: -$368,6242024

Highlighted filing

2017

Revenue$501,387
Expenses$688,910
Net Income-$187,523
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$522,457
Mission and Program Overview

Mission

Farmon foundation is dedicated to bringing awareness to food choices and sources and

Farmon foundation is dedicated to bringing awareness to food choices and sources and reinvigoration respect for farming, inspiring young people to choose agricultural careers to create an economic engine connecting rural and urban marketplaces to rebuild local economies by

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,001,085$704,857▼ $296,228
Accounts Receivable$182,453$182,626▲ $173
Cash and Non-Interest-Bearing Accounts$11,524$33,778▲ $22,254
Loans From Officers Directors$32,751$9,613▼ $23,138
Prepaid Expenses and Deferred Charges$1,192$3,839▲ $2,647
Total Assets$1,196,254$925,100▼ $271,154
Liabilities
Accounts Payable and Accrued Expenses$128,261$71,456▼ $56,805
Mortgage Notes Payable Secured by Investment Property$95,951$71,133▼ $24,818
Other Liabilities$8,477$29,607▲ $21,130
Total Liabilities$265,440$181,809▼ $83,631
Net Assets / Fund Balance
Unrestricted Net Assets$929,814$743,291▼ $186,523
Temporarily Rstr Net Assets$1,000--
Total Net Assets Fund Balance$930,814$743,291▼ $187,523
Total Liabilities and Net Assets / Fund Balance$1,196,254$925,100▼ $271,154

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$469,611$52,883$522,494
Equipment$234,885$202,240$437,125
Other Land Buildings$361$5,196$5,557
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tessa EdickChairman
Joyce VarvatosPresident
Chris WeaverDirector
Matthew KelleherDirector
Kipp EdickSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$361,226
Program Service Revenue
$31,499
Investment Income
$0
Other Revenue
$108,662
All Other Contributions
$361,142
Change in Net Assets
$-187,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$596,629
Total Fundraising Expense$133,070
Salaries, Compensation, and Employee Benefits$50,557
Grants and Similar Amounts Paid$41,724
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$109,715$8,253$65,679$183,647
Depreciation Depletion$0$164,526$0$164,526
Other Salaries and Wages$9,571$35,277$0$44,848
Grants to Domestic Orgs$41,724--$41,724
Office Expenses$5,102$20,876$5,537$31,515
Advertising$6,012$1,184$14,519$21,715
Travel$0$0$19,079$19,079
Payroll Taxes$2,715$1,774$1,220$5,709
Interest$0$5,231$0$5,231
Other Expenses$0$3,658$0$3,658
Total Functional Expenses$296,333$259,507$133,070$688,910
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$56,506
Fundraising Direct Expenses$21,070
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$32,751$9,613▼ $23,138
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable - Related Party$29,607
Credit Card Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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
Filing and Contact Details

Filer

Filer Name
Farm on Foundation Inc
EIN
46-1999952
Phone
6178520313
Address
556 EMPIRE ROAD, COPAKE, NY 12516

Signing Officer

Name
Tessa Edick
Title
Executive Director
Phone
6178520313
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tessa Edick
Formed
2013
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
43

Preparer

Firm
Michael S Settler CPA Pc
Address
555 TAXTER ROAD Suite 320, ELMSFORD, NY 10523
Preparer
Michael S Settler
Phone
9149094688
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Tessa edick, the executive director and officer is a family member of the secretary, kipp edick

Pt VI, Line 11B

The executive director reviews the preparation of the form 990

Pt VI, Line 11B

990 it is submitted to the finance comm and bd for review

Pt VI, Line 19

The organizations finance comm meets with the auditors

Pt VI, Line 19

Staff before during and after audit & reviewed with the

Pt VI, Line 19

Committee independent of the financial report staff

Form 990, Part IX, Line 24E

Bank fees 1262. 0. 1262. 0.

Form 990, Part IX, Line 24E

Merchant account fees 4718. 0. 0. 4718.

Form 990, Part IX, Line 24E

Event rentals & supplies 22830. 22830. 0. 0.

Form 990, Part IX, Line 24E

Program supplies 93875. 41755. 0. 52120.

Form 990, Part IX, Line 24E

Cost of sales 36070. 36070. 0. 0.

Form 990, Part IX, Line 24E

Insurance 6005. 3148. 2857. 0.

Form 990, Part IX, Line 24E

Payroll service fee 380. 107. 188. 85.

Form 990, Part IX, Line 24E

Utilites 18141. 5805. 3580. 8756.

Form 990, Part IX, Line 24E

License and permits 366. 0. 366. 0.

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IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06600
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0361142
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01057354
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0742201
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0157000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02317697
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0112702
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0112702
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt02430399
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0361142
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01057354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0742201
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0269702
IRS990ScheduleA/Total509Grp/TotalAmt02430399
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02430399
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0234885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0202240
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0437125
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0469611
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt052883
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0522494
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0361
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05196
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029607
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE - RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0704857
IRS990ScheduleD/TotalLiabilityAmt029607
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START UP EXP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt112750
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ROSS MAURI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1TESSA EDICK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt020000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TESSA EDICK, THE EXECUTIVE DIRECTOR AND OFFICER IS A FAMILY MEMBER OF THE SECRETARY, KIPP EDICK
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR REVIEWS THE PREPARATION OF THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 IT IS SUBMITTED TO THE FINANCE COMM AND BD FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS FINANCE COMM MEETS WITH THE AUDITORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4STAFF BEFORE DURING AND AFTER AUDIT & REVIEWED WITH THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMMITTEE INDEPENDENT OF THE FINANCIAL REPORT STAFF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK FEES 1262. 0. 1262. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MERCHANT ACCOUNT FEES 4718. 0. 0. 4718.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EVENT RENTALS & SUPPLIES 22830. 22830. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PROGRAM SUPPLIES 93875. 41755. 0. 52120.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10COST OF SALES 36070. 36070. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11INSURANCE 6005. 3148. 2857. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12PAYROLL SERVICE FEE 380. 107. 188. 85.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13UTILITES 18141. 5805. 3580. 8756.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14LICENSE AND PERMITS 366. 0. 366. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0925100
IRS990/TotalAssetsGrp/BOYAmt01196254
IRS990/TotalAssetsGrp/EOYAmt0925100
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IRS990/TotalContributionsAmt0361226
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0133070
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0259507
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0296333
IRS990/TotalFunctionalExpensesGrp/TotalAmt0688910
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0265440
IRS990/TotalLiabilitiesEOYAmt0181809
IRS990/TotalLiabilitiesGrp/BOYAmt0265440
IRS990/TotalLiabilitiesGrp/EOYAmt0181809
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0930814
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0743291
IRS990/TotalProgramServiceExpensesAmt0296333
IRS990/TotalProgramServiceRevenueAmt031499
IRS990/TotalRevenueGrp/ExclusionAmt035436
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0104725
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0501387
IRS990/TotalVolunteersCnt043
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01196254
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0925100
IRS990/TravelGrp/FundraisingAmt019079
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt019079
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0929814
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0743291
IRS990/USAddress/AddressLine1Txt021 POND HILL RD
IRS990/USAddress/CityNm0CRARYVILLE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012521
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TESSA EDICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06178520313
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARM ON FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FARM
ReturnHeader/Filer/EIN0461999952
ReturnHeader/Filer/PhoneNum06178520313

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