Civic Intelligence

Gofarm

990 • Fiscal year 2019 • EIN 47-2823438

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 11, 2020

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

72nd percentile

0.18x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.17x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

27th percentile

-5.0%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

78th percentile

$73,736

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-36%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$449,203

Down $62,473 (-12%) from 2018

Net Assets

Down

$368,577

Down $80,492 (-18%) from 2018

Liabilities

Up

$80,626

Up $18,019 (+29%) from 2018

Revenue

Down

$478,831

Down $269,342 (-36%) from 2018

Expenses

Up

$502,976

Up $157,071 (+45%) from 2018

Net Income

Down

-$24,145

Down $426,413 (-106%) from 2018

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

2019

Assets$449,203
Liabilities$80,626
Net Assets$368,577

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

2019

Revenue$478,831
Expenses$502,976
Net Income-$24,145
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 11, 2020
Return Version
2019v5.1
Gross Receipts
$628,857
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$315,473$199,592▼ $115,881
Cash and Non-Interest-Bearing Accounts$137,942$163,455▲ $25,513
Land, Buildings, and Equipment, Net$55,181$76,332▲ $21,151
Loans From Officers Directors$20,000$20,000→ $0
Prepaid Expenses and Deferred Charges$3,080$9,824▲ $6,744
Total Assets$511,676$449,203▼ $62,473
Liabilities
Deferred Revenue$38,092$41,408▲ $3,316
Accounts Payable and Accrued Expenses$2,157$19,218▲ $17,061
Other Liabilities$2,358$0▼ $2,358
Total Liabilities$62,607$80,626▲ $18,019
Net Assets / Fund Balance
Net Assets With Donor Restrictions$422,307$291,974▼ $130,333
Net Assets Without Donor Restrictions$26,762$76,603▲ $49,841
Total Net Assets Fund Balance$449,069$368,577▼ $80,492
Total Liabilities and Net Assets / Fund Balance$511,676$449,203▼ $62,473

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$62,806$32,598$95,404
Equipment$13,526$5,058$18,584
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eileen O'RourkePresidentFT$68,530$5,206$73,736

Board Members and Trustees

NameTitle
Megan HottmanChair
Anne ClarkeBoard member
Maria BumgarnerBoard member
Martha SullinsBoard member
Michele MurrayBoard member
Stu SwinefordBoard member
Susan WeaverBoard member
Traci CaseBoard member
Anthony HalschNon-voting board member
Katherine SumnerSecretary
David ChristensonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$368,574
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$110,257
All Other Contributions
$112,099
Change in Net Assets
$-24,145

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$478,831
Total Revenue per Audited Statements
$478,831
Total Revenue per Form 990
$478,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$343,175
Other Expenses$159,801
Total Fundraising Expense$24,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$188,151$25,197$15,114$228,462
Current Officers, Directors, Trustees, and Key Employees$60,649$7,881$0$68,530
Fees for Services Accounting$0$26,537$0$26,537
Payroll Taxes$10,899$14,471$0$25,370
Occupancy$16,216$5,141$0$21,357
Other Employee Benefits$8,588$12,225$0$20,813
Fees for Services Other$12,126$2,036$390$14,552
Depreciation Depletion$14,390$0$0$14,390
Other Expenses$12,000$0$0$12,000
Advertising$1,940$2,374$7,540$11,854
Insurance$4,430$5,221$0$9,651
Travel$6,629$940$54$7,623
Information Technology$5,934$1,333$0$7,267
Office Expenses$2,616$1,508$739$4,863
Fees for Services Legal$0$3,131$0$3,131
All Other Expenses$128$50$25$203
Total Functional Expenses$370,216$108,740$24,020$502,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$559,323
Expenses per Audited Statements$502,976
Total Expenses per Form 990$502,976
Expenses Not Reported on Form 990$56,347
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
-Owner of Roxbox is non-voting BODRoxbox sold discounted contaiers to GoFarmNo$41,913

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$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
2020-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eileen O'Rourke
Formed
2014
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
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/NoDonorRestrictionNetAssetsGrp/BOYAmt026762
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt076603
IRS990/NoncashContributionsAmt061381
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05141
IRS990/OccupancyGrp/ProgramServicesAmt016216
IRS990/OccupancyGrp/TotalAmt021357
IRS990/OfficeExpensesGrp/FundraisingAmt0739
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01508
IRS990/OfficeExpensesGrp/ProgramServicesAmt02616
IRS990/OfficeExpensesGrp/TotalAmt04863
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012225
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08588
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020813
IRS990/OtherExpensesGrp/Desc0Supplies and materials
IRS990/OtherExpensesGrp/Desc1Merchant and other bank charges
IRS990/OtherExpensesGrp/Desc2Conference and training
IRS990/OtherExpensesGrp/Desc3Stipends
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt1158
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0103
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1264
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2328
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt016427
IRS990/OtherExpensesGrp/ProgramServicesAmt16008
IRS990/OtherExpensesGrp/ProgramServicesAmt23085
IRS990/OtherExpensesGrp/ProgramServicesAmt312000
IRS990/OtherExpensesGrp/TotalAmt016530
IRS990/OtherExpensesGrp/TotalAmt16430
IRS990/OtherExpensesGrp/TotalAmt23413
IRS990/OtherExpensesGrp/TotalAmt312000
IRS990/OtherLiabilitiesGrp/BOYAmt02358
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other earned revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt023469
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt023469
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt023469
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015114
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025197
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0188151
IRS990/OtherSalariesAndWagesGrp/TotalAmt0228462
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014471
IRS990/PayrollTaxesGrp/ProgramServicesAmt010899
IRS990/PayrollTaxesGrp/TotalAmt025370
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0315473
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0199592
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03080
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09824
IRS990/PrincipalOfficerNm0Eileen O'Rourke
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0690889
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt095279
IRS990/PYOtherRevenueAmt057284
IRS990/PYRevenuesLessExpensesAmt0402268
IRS990/PYSalariesCompEmpBnftPaidAmt0250626
IRS990/PYTotalExpensesAmt0345905
IRS990/PYTotalRevenueAmt0748173
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-24145
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0478831
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Miscellaneous 2018: 9143. 2019: 23469.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0307193
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0666039
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt095061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0137374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt076695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01282362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0236814
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0143707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0380521
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt023469
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt09143
IRS990ScheduleA/OtherIncome509Grp/TotalAmt032612
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.73170
IRS990ScheduleA/PublicSupportTotal509Amt01240576
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0422307
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0422307
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0422307
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0422307
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0544007
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0809746
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt095061
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0137374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt076695
IRS990ScheduleA/Total509Grp/TotalAmt01662883
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01695495
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt062806
IRS990ScheduleD/BuildingsGrp/DepreciationAmt032598
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt095404
IRS990ScheduleD/DonatedServicesUseFcltsAmt056347
IRS990ScheduleD/EquipmentGrp/BookValueAmt013526
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05058
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018584
IRS990ScheduleD/ExpensesNotReportedAmt056347
IRS990ScheduleD/ExpensesSubtotalAmt0502976
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LiveWell DUFB Funds
IRS990ScheduleD/RevenueSubtotalAmt0478831
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076332
IRS990ScheduleD/TotalExpensesPerForm990Amt0502976
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0478831
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0478831
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0559323
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Roxbox Containers
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Owner of Roxbox is non-voting BOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false

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