Civic Intelligence

The Good Acre

990 • Fiscal year 2017 • EIN 47-1663334

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

1790 Larpenteur Ave WFalcon Heights, MN 55113

(651) 493-7158

Siviq Scores

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

Liabilities / Assets

65th percentile

0.23x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

59th percentile

6.4%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$78,000

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

56%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

103%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$311,915

Up $111,776 (+56%) from 2016

Net Assets

Up

$241,449

Up $74,940 (+45%) from 2016

Liabilities

Up

$70,466

Up $36,836 (+110%) from 2016

Revenue

Up

$1,164,774

Up $591,735 (+103%) from 2016

Expenses

Up

$1,089,754

Up $434,000 (+66%) from 2016

Net Income

Up

$75,020

Up $157,735 (+191%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2015: $265,604Liabilities 2015: $14,775Net Assets 2015: $250,8292015Assets 2016: $200,139Liabilities 2016: $33,630Net Assets 2016: $166,5092016Assets 2017: $311,915Liabilities 2017: $70,466Net Assets 2017: $241,4492017Assets 2018: $190,071Liabilities 2018: $192,964Net Assets 2018: -$2,8932018Assets 2019: $2,009,892Liabilities 2019: $277,880Net Assets 2019: $1,732,0122019Assets 2020: $1,648,232Liabilities 2020: $354,556Net Assets 2020: $1,293,6762020Assets 2021: $2,161,801Liabilities 2021: $234,164Net Assets 2021: $1,927,6372021Assets 2022: $1,265,392Liabilities 2022: $232,253Net Assets 2022: $1,033,1392022Assets 2023: $1,123,549Liabilities 2023: $221,191Net Assets 2023: $902,3582023Assets 2024: $1,365,405Liabilities 2024: $233,696Net Assets 2024: $1,131,7092024

Highlighted filing

2017

Assets$311,915
Liabilities$70,466
Net Assets$241,449

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $600,771Expenses 2015: $349,942Net Income 2015: $250,8292015Revenue 2016: $573,039Expenses 2016: $655,754Net Income 2016: -$82,7152016Revenue 2017: $1,164,774Expenses 2017: $1,089,754Net Income 2017: $75,0202017Revenue 2018: $951,878Expenses 2018: $1,196,221Net Income 2018: -$244,3432018Revenue 2019: $2,918,147Expenses 2019: $1,183,242Net Income 2019: $1,734,9052019Revenue 2020: $1,250,517Expenses 2020: $1,688,853Net Income 2020: -$438,3362020Revenue 2021: $2,336,173Expenses 2021: $1,702,212Net Income 2021: $633,9612021Revenue 2022: $1,182,522Expenses 2022: $2,077,020Net Income 2022: -$894,4982022Revenue 2023: $2,139,196Expenses 2023: $2,262,977Net Income 2023: -$123,7812023Revenue 2024: $2,804,187Expenses 2024: $2,574,836Net Income 2024: $229,3512024

Highlighted filing

2017

Revenue$1,164,774
Expenses$1,089,754
Net Income$75,020
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.2
Gross Receipts
$1,181,740
Mission and Program Overview

Mission

We connect and stregthen farmers, food makers and communities through good food.

We connect & strengthen farmers, food makers & communites through good food.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$93,788$95,877▲ $2,089
Savings and Temporary Cash Investments$10$80,474▲ $80,464
Cash and Non-Interest-Bearing Accounts$90,845$68,085▼ $22,760
Accounts Receivable$9,008$57,481▲ $48,473
Prepaid Expenses and Deferred Charges$6,488$9,998▲ $3,510
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Inventories for Sale or Use-$0-
Total Assets$200,139$311,915▲ $111,776
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$6,004$37,825▲ $31,821
Deferred Revenue$27,626$30,401▲ $2,775
Other Liabilities-$2,240-
Total Liabilities$33,630$70,466▲ $36,836
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$137,904-
Unrestricted Net Assets$166,509$103,545▼ $62,964
Total Net Assets Fund Balance$166,509$241,449▲ $74,940
Total Liabilities and Net Assets / Fund Balance$200,139$311,915▲ $111,776

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$95,877$36,418$132,295
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhys WilliamsExecutive DirectorFT$78,000$78,000

Board Members and Trustees

NameTitle
Sara PohladChairman
Helene MurrayDirector
Megan MorganDirector
Scott PampuchDirector
Jane ShaySecretary
John ByomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$679,669
Program Service Revenue
$488,519
Investment Income
$52
Other Revenue
$-3,466
All Other Contributions
$679,669
Change in Net Assets
$75,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$605,684
Salaries, Compensation, and Employee Benefits$484,070
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$339,774$2,734-$342,508
Occupancy$114,419$874-$115,293
Current Officers, Directors, Trustees, and Key Employees$58,500$19,500-$78,000
Fees for Services Other$19,257$16,425-$35,682
Payroll Taxes$34,500$92-$34,592
Other Employee Benefits$2,375$26,595-$28,970
Office Expenses$14,735$12,925-$27,660
Depreciation Depletion$19,587--$19,587
Advertising$12,848$5,438-$18,286
Insurance-$16,904-$16,904
Conferences and Meetings$3,700$4,744-$8,444
Other Expenses$8,147$1,452-$8,147
Information Technology$1,103$5,374-$6,477
Travel$5,111$274-$5,385
Fees for Services Legal-$3,238-$3,238
Fees for Services Accounting-$2,680-$2,680
Total Functional Expenses$970,280$119,474$0$1,089,754
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,966
Fundraising Gross Income$13,500
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Cards Payable$2,240
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Governance Explanations

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

An electronic copy of the 990 is provided to board members for review prior to filing.

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

The board annually reviews the policy with board members & board members sign statements annually.

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

Government documents, policies & financial statements may be obtained upon e-mail or phone request.

Filing and Contact Details

Filer

Filer Name
The Good Acre
EIN
47-1663334
Phone
6514937158
Address
1790 LARPENTEUR AVE W, FALCON HEIGHTS, MN 55113

Signing Officer

Name
Rhys Williams
Title
Executive Director
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhys Williams
Formed
2014
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
14
Volunteers
55

Preparer

Firm
Petersen Professionals PC
Address
4915 West 35th St Suite 201, St Louis Park, MN 55416
Preparer
Stacey R Petersen CPA
Phone
9527673212
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Kitchen: 2800 commercial kitchen hours booked by 14 food maker businesses. Launched the Maker to Market Program in partnership with Lakewinds Co-op to connect local food value-added food makers with commercial kitchen time, business resources & retail space at Lakewinds Co-op grocery stores. Offered 80 cooking classes to over 800 community members. Provided 13 culinary trainings to 6 school districts & 1 after-school program. OTHER PROGRAM SERVICES 5: Community engagement: Rented our community space to over 30 partner organizations/groups for over 100 hours of use. Over a dozen tours/presentations provided at TGA to over 400 people from over 10 different states & different countries.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt092
IRS990/PayrollTaxesGrp/ProgramServicesAmt034500
IRS990/PayrollTaxesGrp/TotalAmt034592
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06488
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09998
IRS990/PrincipalOfficerNm0RHYS WILLIAMS
IRS990/PriorPeriodAdjustmentsAmt0-80
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2531190
IRS990/ProgramServiceRevenueGrp/Desc0CSA SHARES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL COURSES
IRS990/ProgramServiceRevenueGrp/Desc2KITCHEN & SPACE RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0324569
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt159398
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2104552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0324569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt159398
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2104552
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY SUPPORTED AGRIGULTURE (CSA) PROGRAM: 18 week Farm Share program with 464 members & 24 drop off locations. Bought food from 23 partner farms. Purchased 55,000 pounds of locally-grown food for our Farm Share program. 89 shares were donated to support the YWCA of St Paul Transitional Housing Program. Launched two new farm share programs: Student University CSA program & the Late Season CSA program.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0178831
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0215934
IRS990/ProgSrvcAccomActy3Grp/Desc0Wholesale Program: 90,000 lbs of food moved through our wholesale program. 48 wholesale buyers, of which 13 are school districts, 5 health care facilities, 9 food makers that rent our incubator kitchen, 9 caterers & restaurants, & 12 other wholesale buyers. Of the 13 school districts, local food reached approximately 92,000 students at over 120 individual schools. Provided dry/cooler/freezer storage space to 26 farms, food relief organizations & food businesses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt087318
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0121246
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0358818
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0349472
IRS990/PYProgramServiceRevenueAmt0214221
IRS990/PYRevenuesLessExpensesAmt0-82715
IRS990/PYSalariesCompEmpBnftPaidAmt0298782
IRS990/PYTotalExpensesAmt0655754
IRS990/PYTotalProfFndrsngExpnsAmt07500
IRS990/PYTotalRevenueAmt0573039
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt075020
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05828
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010
IRS990/SavingsAndTempCashInvstGrp/EOYAmt080474
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0679669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0358818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0525296
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01563783
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0358818
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0525296
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01563783
IRS990ScheduleA/TotalSupportAmt01566085
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt095877
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036418
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT CARDS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt095877
IRS990ScheduleD/TotalLiabilityAmt02240
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Kitchen: 2800 commercial kitchen hours booked by 14 food maker businesses. Launched the Maker to Market Program in partnership with Lakewinds Co-op to connect local food value-added food makers with commercial kitchen time, business resources & retail space at Lakewinds Co-op grocery stores. Offered 80 cooking classes to over 800 community members. Provided 13 culinary trainings to 6 school districts & 1 after-school program. OTHER PROGRAM SERVICES 5: Community engagement: Rented our community space to over 30 partner organizations/groups for over 100 hours of use. Over a dozen tours/presentations provided at TGA to over 400 people from over 10 different states & different countries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ELECTRONIC COPY OF THE 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board annually reviews the policy with board members & board members sign statements annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNMENT DOCUMENTS, POLICIES & FINANCIAL STATEMENTS MAY BE OBTAINED UPON E-MAIL OR PHONE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0200139
IRS990/TotalAssetsEOYAmt0311915
IRS990/TotalAssetsGrp/BOYAmt0200139
IRS990/TotalAssetsGrp/EOYAmt0311915
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0970280
IRS990/TotalFunctionalExpensesGrp/TotalAmt01089754
IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherProgSrvcExpenseAmt079511
IRS990/TotalOtherProgSrvcRevenueAmt0145511
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IRS990/TotalProgramServiceRevenueAmt0488519
IRS990/TotalReportableCompFromOrgAmt078000
IRS990/TotalRevenueGrp/ExclusionAmt0-3414
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01164774
IRS990/TotalVolunteersCnt055
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0311915

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