Civic Intelligence

Retreat Farm

990 • Fiscal year 2020 • EIN 47-5042006

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 26, 2021

45 Farmhouse SquareBrattleboro, VT 05301

(802) 490-2270

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.02x

Higher debt load relative to revenue than 15% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

84th percentile

33%

Higher net margin than 84% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

63rd percentile

12%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

100%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$6,219,190

Up $670,848 (+12%) from 2019

Net Assets

Up

$6,172,353

Up $632,445 (+11%) from 2019

Liabilities

Up

$46,837

Up $38,403 (+455%) from 2019

Revenue

Up

$1,997,193

Up $996,615 (+100%) from 2019

Expenses

Up

$1,332,616

Up $124,423 (+10%) from 2019

Net Income

Up

$664,577

Up $872,192 (+420%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $655,357Liabilities 2016: $6,840Net Assets 2016: $648,5172016Assets 2017: $5,554,009Liabilities 2017: $1,229Net Assets 2017: $5,552,7802017Assets 2018: $5,747,581Liabilities 2018: $58Net Assets 2018: $5,747,5232018Assets 2019: $5,548,342Liabilities 2019: $8,434Net Assets 2019: $5,539,9082019Assets 2020: $6,219,190Liabilities 2020: $46,837Net Assets 2020: $6,172,3532020Assets 2021: $8,221,926Liabilities 2021: $852,341Net Assets 2021: $7,369,5852021Assets 2022: $10,956,634Liabilities 2022: $104,114Net Assets 2022: $10,852,5202022Assets 2023: $14,798,405Liabilities 2023: $886,744Net Assets 2023: $13,911,6612023Assets 2024: $15,414,947Liabilities 2024: $2,260,395Net Assets 2024: $13,154,5522024

Highlighted filing

2020

Assets$6,219,190
Liabilities$46,837
Net Assets$6,172,353

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $1,020,004Expenses 2016: $371,487Net Income 2016: $648,5172016Revenue 2017: $573,072Expenses 2017: $806,972Net Income 2017: -$233,9002017Revenue 2018: $1,144,746Expenses 2018: $950,003Net Income 2018: $194,7432018Revenue 2019: $1,000,578Expenses 2019: $1,208,193Net Income 2019: -$207,6152019Revenue 2020: $1,997,193Expenses 2020: $1,332,616Net Income 2020: $664,5772020Revenue 2021: $3,402,767Expenses 2021: $2,205,535Net Income 2021: $1,197,2322021Revenue 2022: $6,445,354Expenses 2022: $2,124,347Net Income 2022: $4,321,0072022Revenue 2023: $5,262,132Expenses 2023: $2,019,558Net Income 2023: $3,242,5742023Revenue 2024: $2,298,987Expenses 2024: $3,028,672Net Income 2024: -$729,6852024

Highlighted filing

2020

Revenue$1,997,193
Expenses$1,332,616
Net Income$664,577
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 26, 2021
Return Version
2020v4.0
Gross Receipts
$1,999,643
Mission and Program Overview

Mission

Through education, recreation and stewardship, Retreat Farm uses our 500 acres of conserved woods, fields, trails, and waters to connect people to one another and the land.

Retreat Farm seeks to foster a just, healthy, and sustainable community in southern Vermont. We utilize our unique property, programs, and partnerships to connect people to the land and to one another, recognizing that the relationship between humans and the land is the foundation of our health, sustenance, and inspiration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,669,138$4,673,077▲ $3,939
Savings and Temporary Cash Investments$692,256$1,201,999▲ $509,743
Cash and Non-Interest-Bearing Accounts$146,358$220,160▲ $73,802
Accounts Receivable-$523-
Inventories for Sale or Use-$500-
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,548,342$6,219,190▲ $670,848
Other Assets Total$40,590$122,931▲ $82,341
Liabilities
Accounts Payable and Accrued Expenses$8,434$46,837▲ $38,403
Total Liabilities$8,434$46,837▲ $38,403
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,489,948$5,415,771▼ $74,177
Net Assets With Donor Restrictions$49,960$756,582▲ $706,622
Total Net Assets Fund Balance$5,539,908$6,172,353▲ $632,445
Total Liabilities and Net Assets / Fund Balance$5,548,342$6,219,190▲ $670,848

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,217,472$249,373$2,466,845
Other Land Buildings$996,716$124,294$1,121,010
Land$977,050-$977,050
Leasehold Improvements$382,381$38,784$421,165
Equipment$99,458$37,989$137,447
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel DempseyChairman
Arthur SchmidtPresident
Greg WatsonDirector
Sara NewmarkDirector
Stephanie BoninDirector
Vern GrubingerDirector
William RansomDirector
Mike SandsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,911,853
Program Service Revenue
$7,432
Investment Income
$2,511
Other Revenue
$75,397
All Other Contributions
$1,742,238
Change in Net Assets
$664,577

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,997,193
Total Revenue per Audited Statements
$1,997,193
Total Revenue per Form 990
$1,997,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$806,525
Other Expenses$526,091
Total Fundraising Expense$108,052
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$633,081$13,024$85,962$732,067
Depreciation Depletion$118,384--$118,384
Fees for Services Other$28,000$56,365$900$85,265
Occupancy$54,269$14,172-$68,441
Payroll Taxes$40,900$6,233$9,610$56,743
Office Expenses$7,297$20,331$1,903$29,531
Other Expenses$18,255$3,160$2,399$23,814
Other Employee Benefits$12,846$2,619$2,250$17,715
Travel$1,661$2,199$250$4,110
Total Functional Expenses$1,085,259$139,305$108,052$1,332,616

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,332,616
Total Expenses per Audited Statements$1,332,616
Total Expenses per Form 990$1,332,616
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$67,605
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Fundraisers$67,605$67,605-$67,605
Total Events$67,605$67,605-$67,605
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
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

A copy of the form 990 is distributed to board members and reviewed before filing.

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

Board members are required to annually fill out a conflict of interest form which are then reviewed by the board and action is taken, if necessary. No conflicts have arisen to date.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Form 990 is available for public inspection upon written request.

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

Governing documents, policies and financial statements will be provided upon request.

Filing and Contact Details

Filer

Filer Name
Retreat Farm Ltd
EIN
47-5042006
Phone
8024902270
Address
45 FARMHOUSE SQUARE, BRATTLEBORO, VT 05301

Signing Officer

Name
Arthur Schmidt
Title
President
Signed
2021-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur Schmidt
Formed
2015
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
8
Employees
26
Volunteers
19

Preparer

Firm
Downey Pieciak Fitzgerald & Co Pc
Address
10 PARK PLACE, BRATTLEBORO, VT 05301
Preparer
Joseph S Pieciak Jr CPA
Phone
8022571307
Supplemental Narrative

Additional Explanations

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

Other program services 4: miscellaneous programs

Other Changes In Net Assets Or Fund Balances - Other Decreases

Conversion from modified cash to accrual = -$32132

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt017715
IRS990/OtherExpensesGrp/Desc0DIRECT PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1GENERAL MAINTENANCE AND SUPPLI
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3MARKETING
IRS990/OtherExpensesGrp/FundraisingAmt0590
IRS990/OtherExpensesGrp/FundraisingAmt14188
IRS990/OtherExpensesGrp/FundraisingAmt22399
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt066
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14809
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt216327
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33160
IRS990/OtherExpensesGrp/ProgramServicesAmt095080
IRS990/OtherExpensesGrp/ProgramServicesAmt162445
IRS990/OtherExpensesGrp/ProgramServicesAmt213041
IRS990/OtherExpensesGrp/ProgramServicesAmt318255
IRS990/OtherExpensesGrp/TotalAmt095736
IRS990/OtherExpensesGrp/TotalAmt167254
IRS990/OtherExpensesGrp/TotalAmt233556
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0633081
IRS990/OtherSalariesAndWagesGrp/TotalAmt0732067
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IRS990/PayrollTaxesGrp/ProgramServicesAmt040900
IRS990/PayrollTaxesGrp/TotalAmt056743
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IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2811
IRS990/ProgSrvcAccomActy2Grp/Desc0Food, Family, and Education - We significantly improved our ability to fight food insecurity and improve the local food system in 2020. We expanded our food production capabilities and grew over 10,000 lbs of vegetables that were donated through various channels. We launched the Community Food Project that supplied over 600 at-risk families and senior citizens with over 1,400 grocery bags with eggs, vegetables, fruit, and healthy staples. We also researched the opportunity to establish a regional food processing, preparation, and delivery center at the Farm.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0293386
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt086047
IRS990/ProgSrvcAccomActy3Grp/Desc0Restoration and Conservation - We restored the facade of the Ox Barn, built a new trail connector and several new pathways in the Meadows, installed over 300 new wooden trail signs throughout the farm and trail system, and added interpretive signage about the history of the Farm. Our project to interpret the history of the farm, Landstory, received a planning grant from the National Endowment for the Humanities.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0288964
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0526395
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IRS990ScheduleA/TotalSupportAmt01248257
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IRS990ScheduleD/BuildingsGrp/BookValueAmt02217472
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02466845
IRS990ScheduleD/EquipmentGrp/BookValueAmt099458
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037989
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137447
IRS990ScheduleD/ExpensesSubtotalAmt01332616
IRS990ScheduleD/LandGrp/BookValueAmt0977050
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0382381
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01121010
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt04673077
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