Civic Intelligence

Gofarm

990 • Fiscal year 2018 • EIN 47-2823438

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 06, 2019

1301 Arapahoe Suite 105Golden, CO 80401

(303) 908-8477

Siviq Scores

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

Liabilities / Assets

66th percentile

0.12x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.08x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$67,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

98th percentile

293%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

412%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$511,676

Up $381,506 (+293%) from 2017

Net Assets

$449,069

No earlier filing loaded for comparison.

Liabilities

Down

$62,607

Down $77,264 (-55%) from 2017

Revenue

Up

$748,173

Up $602,010 (+412%) from 2017

Expenses

Up

$345,905

Up $155,432 (+82%) from 2017

Net Income

Up

$402,268

Up $446,578 (+1008%) from 2017

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$0Assets 2015: $59,354Liabilities 2015: $23,050Net Assets 2015: $36,3042015Assets 2016: $75,305Liabilities 2016: $40,9472016Assets 2017: $130,170Liabilities 2017: $139,8712017Assets 2018: $511,676Liabilities 2018: $62,607Net Assets 2018: $449,0692018Assets 2019: $449,203Liabilities 2019: $80,626Net Assets 2019: $368,5772019Assets 2020: $496,963Liabilities 2020: $189,025Net Assets 2020: $307,9382020Assets 2021: $369,921Liabilities 2021: $37,559Net Assets 2021: $332,3622021Assets 2022: $309,568Liabilities 2022: $46,620Net Assets 2022: $262,9482022Assets 2023: $2,664,274Liabilities 2023: $2,131,547Net Assets 2023: $532,7272023Assets 2024: $424,527Liabilities 2024: $94,857Net Assets 2024: $329,6702024

Highlighted filing

2018

Assets$511,676
Liabilities$62,607
Net Assets$449,069

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $90,564Expenses 2015: $54,394Net Income 2015: $36,1702015Revenue 2016: $164,565Expenses 2016: $166,511Net Income 2016: -$1,9462016Revenue 2017: $146,163Expenses 2017: $190,473Net Income 2017: -$44,3102017Revenue 2018: $748,173Expenses 2018: $345,905Net Income 2018: $402,2682018Revenue 2019: $478,831Expenses 2019: $502,976Net Income 2019: -$24,1452019Revenue 2020: $660,745Expenses 2020: $699,398Net Income 2020: -$38,6532020Revenue 2021: $787,242Expenses 2021: $762,818Net Income 2021: $24,4242021Revenue 2022: $787,135Expenses 2022: $856,548Net Income 2022: -$69,4132022Revenue 2023: $1,362,842Expenses 2023: $1,093,063Net Income 2023: $269,7792023Revenue 2024: $992,402Expenses 2024: $1,195,459Net Income 2024: -$203,0572024

Highlighted filing

2018

Revenue$748,173
Expenses$345,905
Net Income$402,268
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 6, 2019
Return Version
2018v3.1
Gross Receipts
$843,739
Mission and Program Overview

Mission

GoFarm's mission is to increase the supply of and access to affordable, fresh, healthy, local food in Colorado.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$315,473▲ $315,473
Cash and Non-Interest-Bearing Accounts$71,355$137,942▲ $66,587
Land, Buildings, and Equipment, Net$3,950$55,181▲ $51,231
Loans From Officers Directors$20,000$20,000→ $0
Prepaid Expenses and Deferred Charges$0$3,080▲ $3,080
Total Assets$75,305$511,676▲ $436,371
Liabilities
Deferred Revenue$0$38,092▲ $38,092
Grants Payable$18,000--
Other Liabilities$0$2,358▲ $2,358
Accounts Payable and Accrued Expenses$2,947$2,157▼ $790
Total Liabilities$40,947$62,607▲ $21,660
Net Assets / Fund Balance
Temporarily Rstr Net Assets$0$422,307▲ $422,307
Unrestricted Net Assets$34,358$26,762▼ $7,596
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$34,358$449,069▲ $414,711
Total Liabilities and Net Assets / Fund Balance$75,305$511,676▲ $436,371

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$53,981$20,464$74,445
Equipment$1,200$2,800$4,000
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eileen O'RourkePresidentFT$67,000$67,000

Board Members and Trustees

NameTitle
Megan HottmanChair
Katherine SumnerBoard member
Maria BumgarnerBoard member
Martha SullinsBoard member
Michele MurrayBoard member
Traci CaseBoard member
Geno LavignaSecretary
David ChristensonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$690,889
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$57,284
All Other Contributions
$488,856
Change in Net Assets
$402,268

Audited Revenue Reconciliation

Revenue per Audited Statements
$748,173
Total Revenue per Audited Statements
$748,173
Total Revenue per Form 990
$748,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$250,626
Other Expenses$95,279
Total Fundraising Expense$11,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$145,754$0$6,464$152,218
Current Officers, Directors, Trustees, and Key Employees$59,306$7,694$0$67,000
Payroll Taxes$17,593$660$555$18,808
Other Employee Benefits$11,786$442$372$12,600
Occupancy$6,413$3,990$0$10,403
Depreciation Depletion$9,814$0$0$9,814
Fees for Services Other$4,483$3,225$0$7,708
Fees for Services Accounting$0$7,122$0$7,122
Insurance$0$6,008$0$6,008
Information Technology$3,546$1,490$0$5,036
Advertising$1,581$2,409$0$3,990
Travel$3,205$458$0$3,663
Office Expenses$1,485$2,115$0$3,600
Fees for Services Legal$0$2,969$0$2,969
Other Expenses$0$1,035$0$1,035
All Other Expenses$1,000$0$0$1,000
Total Functional Expenses$294,385$40,505$11,015$345,905

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$370,755
Expenses per Audited Statements$345,905
Total Expenses per Form 990$345,905
Expenses Not Reported on Form 990$24,850
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mary Catherine O'RourkeMother of PresidentM. O'Rourke loaned GoFarm $20k which remains o/sNo$20,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$20,000$20,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
LiveWell DUFB Funds$2,358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
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
Filing and Contact Details

Filer

Filer Name
GoFarm
EIN
47-2823438
Phone
3039088477
Address
1301 Arapahoe Suite 105, Golden, CO 80401

Signing Officer

Name
Eileen O'Rourke
Title
Founder and CEO
Phone
3039088477
Signed
2019-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eileen O'Rourke
Formed
2014
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
13
Volunteers
50

Preparer

Firm
Artesian CPA LLC
Address
6403 S Datura St, Littleton, CO 80120
Preparer
Craig Denlinger
Phone
3038233220
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is reviewed by the finance committee, who presents to the board for approval prior to filing.

Pt VI, Line 12C

GoFarm has a written conflict of interest policy that is presented to all board members. On an annual basis the Directors acknowledge the Conflict of Interest Policy and prior to any vote, disclose ethical, legal, financial, and other conflicts, and remove themselves from decision-making if they would otherwise be called on to act on a conflict involving themselves, their family members, or entities with which they or their family members are closely associated.

Pt VI, Line 15A

The process for determining the compensation of the CEO include a review and approval by the board of directors and consideration of comparability data. The deliberation and decisions are contemporaneously documented in GoFarm's board minutes.

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IRS990/MissionDesc0GoFarm's mission is implemented through 3 program areas. A community-supported agriculture program provides participants with a share of local, sustainably-grown food throughout the growing season. It also runs a community access program that addresses food equity in underserved communities and provides farmer training for beginning farmers through its farmer assistance program.
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IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt025169
IRS990/OtherExpensesGrp/TotalAmt14946
IRS990/OtherExpensesGrp/TotalAmt22816
IRS990/OtherExpensesGrp/TotalAmt31035
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt02358
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other earned revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09143
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09143
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt09143
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06464
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0145754
IRS990/OtherSalariesAndWagesGrp/TotalAmt0152218
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0555
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0660
IRS990/PayrollTaxesGrp/ProgramServicesAmt017593
IRS990/PayrollTaxesGrp/TotalAmt018808
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0315473
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03080
IRS990/PrincipalOfficerNm0Eileen O'Rourke
IRS990/PriorPeriodAdjustmentsAmt037293
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt095061
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt071405
IRS990/PYOtherRevenueAmt051102
IRS990/PYRevenuesLessExpensesAmt0-44310
IRS990/PYSalariesCompEmpBnftPaidAmt0119068
IRS990/PYTotalExpensesAmt0190473
IRS990/PYTotalRevenueAmt0146163
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0402268
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0748173
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Miscellaneous 2018: 9143.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0666039
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt095061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0137374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt076695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0975169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0143707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0143707
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09143
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09143
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt0696569
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0422307
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0422307
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0422307
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0422307
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0809746
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt095061
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0137374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt076695
IRS990ScheduleA/Total509Grp/TotalAmt01118876
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01128019
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt053981
IRS990ScheduleD/BuildingsGrp/DepreciationAmt020464
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt074445
IRS990ScheduleD/DonatedServicesUseFcltsAmt024850
IRS990ScheduleD/EquipmentGrp/BookValueAmt01200
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02800
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04000
IRS990ScheduleD/ExpensesNotReportedAmt024850
IRS990ScheduleD/ExpensesSubtotalAmt0345905
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LiveWell DUFB Funds
IRS990ScheduleD/RevenueSubtotalAmt0748173
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055181
IRS990ScheduleD/TotalExpensesPerForm990Amt0345905
IRS990ScheduleD/TotalLiabilityAmt02358
IRS990ScheduleD/TotalRevenuePerForm990Amt0748173
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0748173
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0370755
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Mary Catherine O'Rourke
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Mother of President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt020000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0M. O'Rourke loaned GoFarm $20k which remains o/s
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Startup costs
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MC O'Rourke
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Mother of President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt020000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the finance committee, who presents to the board for approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GoFarm has a written conflict of interest policy that is presented to all board members. On an annual basis the Directors acknowledge the Conflict of Interest Policy and prior to any vote, disclose ethical, legal, financial, and other conflicts, and remove themselves from decision-making if they would otherwise be called on to act on a conflict involving themselves, their family members, or entities with which they or their family members are closely associated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The process for determining the compensation of the CEO include a review and approval by the board of directors and consideration of comparability data. The deliberation and decisions are contemporaneously documented in GoFarm's board minutes.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0422307
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false

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