Civic Intelligence

Project Biome Inc.

990 • Fiscal year 2021 • EIN 83-3364077

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 25, 2022

4351 Seminole TrailCharlottesville, VA 22911

(949) 292-4283

Siviq Scores

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

Liabilities / Assets

76th percentile

0.32x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

63rd percentile

0.18x

Higher debt load relative to revenue than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

16th percentile

-8.5%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

75th percentile

$112,160

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

11th percentile

-6.9%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

10%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$658,848

Down $49,099 (-6.9%) from 2020

Net Assets

Down

$449,500

Down $97,054 (-18%) from 2020

Liabilities

Up

$209,348

Up $47,955 (+30%) from 2020

Revenue

Up

$1,135,493

Up $105,805 (+10%) from 2020

Expenses

Up

$1,232,547

Up $561,603 (+84%) from 2020

Net Income

Down

-$97,054

Down $455,798 (-127%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2019: $192,751Liabilities 2019: $4,941Net Assets 2019: $187,8102019Assets 2020: $707,947Liabilities 2020: $161,393Net Assets 2020: $546,5542020Assets 2021: $658,848Liabilities 2021: $209,348Net Assets 2021: $449,5002021Assets 2022: $1,113,750Liabilities 2022: $244,139Net Assets 2022: $869,6112022Assets 2024: $1,474,031Liabilities 2024: $212,284Net Assets 2024: $1,261,7472024

Highlighted filing

2021

Assets$658,848
Liabilities$209,348
Net Assets$449,500

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $537,605Expenses 2019: $349,795Net Income 2019: $187,8102019Revenue 2020: $1,029,688Expenses 2020: $670,944Net Income 2020: $358,7442020Revenue 2021: $1,135,493Expenses 2021: $1,232,547Net Income 2021: -$97,0542021Revenue 2022: $1,863,722Expenses 2022: $1,443,611Net Income 2022: $420,1112022Revenue 2024: $2,683,073Expenses 2024: $2,037,200Net Income 2024: $645,8732024

Highlighted filing

2021

Revenue$1,135,493
Expenses$1,232,547
Net Income-$97,054
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 25, 2022
Return Version
2021v4.0
Gross Receipts
$1,135,493
Mission and Program Overview

Mission

We are a coalition of farmers, educators, doctors, scientists, and business leaders aiming to expose the human and environmental impacts of chemical farming and offer a path forward through regenerative agricultural practices.

Project biome exists to unite, inspire and empower the movement towards regenerative food systems as a means to restore human and planetary health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$248,324$516,623▲ $268,299
Accounts Receivable$450,148$132,493▼ $317,655
Prepaid Expenses and Deferred Charges$9,475$9,732▲ $257
Total Assets$707,947$658,848▼ $49,099
Liabilities
Other Liabilities$149,900$149,900→ $0
Accounts Payable and Accrued Expenses$11,493$59,448▲ $47,955
Total Liabilities$161,393$209,348▲ $47,955
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$546,554$449,500▼ $97,054
Total Net Assets Fund Balance$546,554$449,500▼ $97,054
Total Liabilities and Net Assets / Fund Balance$707,947$658,848▼ $49,099
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David LeonExecutive DiFT$112,160$112,160
Brian DawsonTreasurerPT$110,000$110,000

Board Members and Trustees

NameTitle
Zach BushBoard Chairm
Lynne TwistBoard Member
Scott CarlinBoard Member
Kirk SchroderSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Seraphic Group INCMarketing4351 SEMINOLE TRL, Charlottesville, VA 22911$184,728
Lauren TuckerProfessional30765 PACIFIC COAST HWY 181, Malibu, CA 90265$150,000
Brian DawsonProfessional408 - 20TH STREET, Santa Monica, CA 90402$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,135,190
Program Service Revenue
$0
Investment Income
$303
Other Revenue
$0
All Other Contributions
$1,135,190
Change in Net Assets
$-97,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$744,214
Salaries, Compensation, and Employee Benefits$460,050
Total Fundraising Expense$88,323
Grants and Similar Amounts Paid$28,283
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$385,768$1,455$14,888$402,111
Current Officers, Directors, Trustees, and Key Employees$207,070$8,232$6,858$222,160
Advertising$191,110$113$7,809$199,032
Other Salaries and Wages$152,935$21,488$12,132$186,555
Payroll Taxes$28,709$3,982$2,807$35,498
Grants to Domestic Orgs$28,283--$28,283
Other Expenses$16,011$994$1,655$18,660
Other Employee Benefits$14,375$439$1,023$15,837
Fees for Services Accounting-$12,950-$12,950
Fees for Services Legal$12,446--$12,446
All Other Expenses$8,074$1,065$16$9,155
Office Expenses$2,402$188$3,798$6,388
Travel$5,684$18$27$5,729
Information Technology$792$27$933$1,752
Conferences and Meetings$1,318$3$4$1,325
Insurance$1,049$79$50$1,178
Total Functional Expenses$1,092,684$51,540$88,323$1,232,547
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Multicultural Refugee CoalitionAustin, TX501c3General Support$16,370
Indigenous RegenerationValley Center, CA501c3General Support$7,313
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
-Officer/contribContractor-marketingNo$184,728
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes/loans Payable - Long Term$149,900
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 35% controlled entity
No
Business relationship with family members
No
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
Yes
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, Page 6, Part VI, Line 2

Zach bush kirk schroder board chair secretary business relationship

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

The board reviews potential conflicts of interest

Form 990, Page 6, Part VI, Line 15A

Board votes on compensation

Form 990, Page 6, Part VI, Line 15B

A review by the board and executive director was conducted including comparable salary data accounting for geographic variance and professional experience.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Project Biome Inc
EIN
83-3364077
Phone
9492924283
Address
4351 SEMINOLE TRAIL, CHARLOTTESVILLE, VA 22911
Doing Business As
FARMER'S FOOTPRINT

Signing Officer

Name
David Leon
Title
Executive Director
Phone
6153619445
Signed
2022-10-25

Organization Details

Principal Officer
David Leon
Formed
2019
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
4
Employees
6
Volunteers
18

Preparer

Firm
The Henry Levy Group
Address
5940 COLLEGE AVE STE A, OAKLAND, CA 94618
Preparer
Beth Attebery
Phone
5106521000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

Renourish studio is a developmental community for entrepreneurs in the business of food to work together to evolve food business models. We will evolve the business of food beyond a mostly financially focused system to one that delivers more value and enables well-being for whole communities.

Form 990, Page 2, Part III, Line 4A

Farmer's footprint represents a broad inquiry into the methodologies that seek to scale adoption of regenerative land management globally across the categories of awareness, education and finance. We cultivate metaphors that seek to unite social and environmental justice movements and then initiate action through community network building, artistic expression, and venture incubation. Our projects promote and expand existing resources and infrastructure that facilitates greater understanding and innovation toward regenerative transition. Through the storytelling work, this program seeks to expand awareness for regenerative living and land stewardship as well as enroll diverse expertise from outside of food and agriculture to contribute to solutioning. Multi-channel media campaigns, films and materials showcase stakeholders from across the food and agriculture value chain in order to increase public understanding of the complexities, innovations, contributions (both cultural and scientific ) emerging from regenerative movements.

Form 990, Part IX, Line 11G

Other services 385,768 60 14,888 payroll services 0 1,395 0 total 385,768 1,455 14,888

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IRS990/ProgSrvcAccomActy2Grp/Desc0RENOURISH STUDIO IS A DEVELOPMENTAL COMMUNITY FOR ENTREPRENEURS IN THE BUSINESS OF FOOD TO WORK TOGETHER TO EVOLVE FOOD BUSINESS MODELS. WE WILL EVOLVE THE BUSINESS OF FOOD BEYOND A MOSTLY FINANCIALLY FOCUSED SYSTEM TO ONE THAT DELIVERS MORE VALUE AND ENABLES WELL-BEING FOR WHOLE COMMUNITIES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EMPOWERED STORYTELLING - IN ADDITION TO IN-HOUSE MEDIA PRODUCTION, CURATION, AND DISSEMINATION, THIS PROGRAM AIMS TO BUILD OUT MARKETING AND STORYTELLING SKILLSET AND CAPACITY THROUGH EDUCATIONAL TRAINING PROGRAMS, COMMUNITY DEVELOPMENT, PEER MENTORSHIP, AND PROFESSIONAL SERVICES THAT UNLOCK EXPERTISE AND PARTICIPATION BY A BROAD GROUP STAKEHOLDERS, INCLUDING FARMERS, COMPANIES, AND NON-PROFIT ORGANIZATIONS. THE PROGRAM OVERSEES STRATEGY, PRODUCTION, AND EXECUTION OF CREATIVE ASSETS AND MARKETING CAMPAIGNS FOR FOOD SYSTEM ENTERPRISES TO BETTER SERVE THEIR COMMUNITIES AND CUSTOMERS.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MULTICULTURAL REFUGEE COALITION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1INDIGENOUS REGENERATION
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IRS990ScheduleI/RecipientTable/RecipientEIN1814845043
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt119823 SANTEE LANE
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1VALLEY CENTER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENOURISH STUDIO IS A DEVELOPMENTAL COMMUNITY FOR ENTREPRENEURS IN THE BUSINESS OF FOOD TO WORK TOGETHER TO EVOLVE FOOD BUSINESS MODELS. WE WILL EVOLVE THE BUSINESS OF FOOD BEYOND A MOSTLY FINANCIALLY FOCUSED SYSTEM TO ONE THAT DELIVERS MORE VALUE AND ENABLES WELL-BEING FOR WHOLE COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FARMER'S FOOTPRINT REPRESENTS A BROAD INQUIRY INTO THE METHODOLOGIES THAT SEEK TO SCALE ADOPTION OF REGENERATIVE LAND MANAGEMENT GLOBALLY ACROSS THE CATEGORIES OF AWARENESS, EDUCATION AND FINANCE. WE CULTIVATE METAPHORS THAT SEEK TO UNITE SOCIAL AND ENVIRONMENTAL JUSTICE MOVEMENTS AND THEN INITIATE ACTION THROUGH COMMUNITY NETWORK BUILDING, ARTISTIC EXPRESSION, AND VENTURE INCUBATION. OUR PROJECTS PROMOTE AND EXPAND EXISTING RESOURCES AND INFRASTRUCTURE THAT FACILITATES GREATER UNDERSTANDING AND INNOVATION TOWARD REGENERATIVE TRANSITION. THROUGH THE STORYTELLING WORK, THIS PROGRAM SEEKS TO EXPAND AWARENESS FOR REGENERATIVE LIVING AND LAND STEWARDSHIP AS WELL AS ENROLL DIVERSE EXPERTISE FROM OUTSIDE OF FOOD AND AGRICULTURE TO CONTRIBUTE TO SOLUTIONING. MULTI-CHANNEL MEDIA CAMPAIGNS, FILMS AND MATERIALS SHOWCASE STAKEHOLDERS FROM ACROSS THE FOOD AND AGRICULTURE VALUE CHAIN IN ORDER TO INCREASE PUBLIC UNDERSTANDING OF THE COMPLEXITIES, INNOVATIONS, CONTRIBUTIONS (BOTH CULTURAL AND SCIENTIFIC ) EMERGING FROM REGENERATIVE MOVEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ZACH BUSH KIRK SCHRODER BOARD CHAIR SECRETARY BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS POTENTIAL CONFLICTS OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD VOTES ON COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A REVIEW BY THE BOARD AND EXECUTIVE DIRECTOR WAS CONDUCTED INCLUDING COMPARABLE SALARY DATA ACCOUNTING FOR GEOGRAPHIC VARIANCE AND PROFESSIONAL EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER SERVICES 385,768 60 14,888 PAYROLL SERVICES 0 1,395 0 TOTAL 385,768 1,455 14,888
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