Civic Intelligence

Cedar Circle Farm and Education Center Inc.

990 • Fiscal year 2020 • EIN 84-2709302

Oct 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

225 Pavilion RoadEast Thetford, VT 05043

(802) 785-4737

Siviq Scores

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

Liabilities / Assets

97th percentile

2.08x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.50x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

19th percentile

-26%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$20,871

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$99,618

No earlier filing loaded for comparison.

Net Assets

-$107,244

No earlier filing loaded for comparison.

Liabilities

$206,862

No earlier filing loaded for comparison.

Revenue

$416,165

No earlier filing loaded for comparison.

Expenses

$523,409

No earlier filing loaded for comparison.

Net Income

-$107,244

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $99,618Liabilities 2020: $206,862Net Assets 2020: -$107,2442020Assets 2021: $196,699Liabilities 2021: $292,632Net Assets 2021: -$95,9332021Assets 2022: $497,755Liabilities 2022: $186,372Net Assets 2022: $311,3832022Assets 2023: $1,122,650Liabilities 2023: $66,862Net Assets 2023: $1,055,7882023Assets 2024: $4,473,283Liabilities 2024: $1,866,184Net Assets 2024: $2,607,0992024

Highlighted filing

2020

Assets$99,618
Liabilities$206,862
Net Assets-$107,244

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $416,165Expenses 2020: $523,409Net Income 2020: -$107,2442020Revenue 2021: $1,622,374Expenses 2021: $1,611,063Net Income 2021: $11,3112021Revenue 2022: $2,301,767Expenses 2022: $1,894,451Net Income 2022: $407,3162022Revenue 2023: $2,830,548Expenses 2023: $2,086,143Net Income 2023: $744,4052023Revenue 2024: $3,782,543Expenses 2024: $2,231,232Net Income 2024: $1,551,3112024

Highlighted filing

2020

Revenue$416,165
Expenses$523,409
Net Income-$107,244
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$468,166
Mission and Program Overview

Mission

Cedar circle farm and education center is dedicated to agricultural scientific research in the public interest and providing agricultural education and training to children, parents, educators, farmers, consumers, students and other members of the public to promote organic, regenerative farming and the transition to a localized food economy, including by producing healthy, organic food for the local economy in a way that enhances resources for future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$80,935-
Cash and Non-Interest-Bearing Accounts-$18,683-
Total Assets$0$99,618▲ $99,618
Liabilities
Accounts Payable and Accrued Expenses-$105,862-
Mortgage Notes Payable Secured by Investment Property-$101,000-
Total Liabilities$0$206,862▲ $206,862
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-107,244-
Total Net Assets Fund Balance$0$-107,244▼ $107,244
Total Liabilities and Net Assets / Fund Balance$0$99,618▲ $99,618

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,154$275,418$322,572
Leasehold Improvements$31,471$13,094$44,565
Other Land Buildings$2,310$11,532$13,842
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen DuesterbergDir./Director TrFT$19,869$1,002$20,871
William AllenDir./researcFT$19,869$664$20,533
Eric TadlockExecutive DiFT$16,477$1,992$18,469

Board Members and Trustees

NameTitle
Anthony BarsamianBoard Chair/
Carolyn MugarDirector
Katharine BachmanDirector
Janet CorpusVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$189,902
Program Service Revenue
$60,934
Investment Income
$0
Other Revenue
$165,329
All Other Contributions
$189,902
Change in Net Assets
$-107,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$339,710
Other Expenses$183,699
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$227,774$14,485-$242,259
Current Officers, Directors, Trustees, and Key Employees$20,533$39,339-$59,872
All Other Expenses$26,043$5,780-$31,823
Payroll Taxes$23,951$5,257-$29,208
Depreciation Depletion$10,908$2,394-$13,302
Other Expenses$9,958--$9,958
Other Employee Benefits$7,202$1,169-$8,371
Occupancy$4,680--$4,680
Fees for Services Accounting-$1,785-$1,785
Advertising$334--$334
Conferences and Meetings$155--$155
Total Functional Expenses$453,200$70,209$0$523,409
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
Governance and Compliance

Governance Checklist

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

William allen kathleen duesterberg director director spouses

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

The executive director performs a detailed review of a draft of the 990 with the preparer. In addition, the 990 is made available for all board members to review prior to filing.

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

The conflict of interest policy is given to each new responsible person and is required to acknowledge in writing that he or she has received a copy of this policy. Each responsible person must annually complete an information form regarding the conflict of interest policy. The policy shall be reviewed annually and any changes to the policy must be communicated to all responsible persons.

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

The compensation of the executive director is defined in a contractual agreement between the organization and the executive director. The compensation is negotiated and reflects what the board perceives is the necessary and appropriate compensation to obtain and retain a qualified executive director. The board of directors reviews the executive director's performance each fiscal year and determines whether bonus compensation is appropriate.

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

The board of directors approves the other officer compensation. The officers compensated in 2020 were for the organizational transition period and is not expected for the long term.

Form 990, Page 6, Part VI, Line 19

Copies are made available upon request.

Filing and Contact Details

Filer

Filer Name
Cedar Circle Farm
EIN
84-2709302
Phone
8027854737
Address
225 PAVILION ROAD, EAST THETFORD, VT 05043

Signing Officer

Name
Eric Tadlock
Title
Executive Director
Phone
8027854737
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Tadlock
Formed
2019
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
4
Employees
43

Preparer

Firm
Davis & Hodgdon Associates Cpas Plc
Address
33 BLAIR PARK RD STE 201, WILLISTON, VT 05495
Preparer
Bret Hodgdon
Phone
8028781963
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Cedar circle farm and education center is dedicated to agricultural scientific research in the public interest and providing agricultural education and training to children, parents, educators, farmers, consumers, students and other members of the public to promote organic, regenerative farming and the transition to a localized food economy, including by producing healthy, organic food for the local economy in a way that enhances resources for future generations.

Form 990

Through september 30, 2020, the farm has been managed and operated by cedar circle farm, llc (the "llc"), a vermont limited liability company, whose sole member is the azadoutioun foundation (the "foundation"), a massachusetts private foundation described in section 501(c 3) of the lnternal revenue code. Effective october 1, 2020 the organization agreed to assume the llc's previous responsibilities for oversight and management of the farm and its programs. On that date certain assets were transferred to the organization.

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

The organization is located at cedar circle farm and education center (the "farm") in east thetford, vermont, a working farm and learning center. The farm property features several greenhouses, a farm stand, and its farm kitchen and hello cafe, where visitors can purchase low-cost organic fruit, vegetables, prepared food and baked goods sourced from or made at the farm and other local organic farms. Since 2003, the farm has maintained its certified organic status, and a social mission to promote regenerative and sustainable food production. The organization strives to address the root causes of the multiple crises of climate, energy and food insecurity at the local level. Lt offers publicly accessible educational courses and seminars in science, farming, gardening and cooking for as little as 6 per session, or for free to children. These prices are well below the organization's costs to offer and support them. These programs include the organization's little farmers programs for children ages 2-5, its cooking for middle schoolers program, and its summer day camp and summer science programs. The organization also maintains a small garden dedicated solely to supporting a vermont nonprofit that delivers unused fresh food to local food pantries. The organization also makes available to the public its recipes and cooking, storage and gardening tips to increase sustainability awareness and to promote good health. The organization supplements the charitable donations it receives with income from several other offerings, including its csa and farm share, farmers' markets, pumpkin festival, wedding and special event flowers and pick your own flowers programs, and its farm stand, farm kitchen and hello cafe. While these programs provide income to the organization, they are operated primarily to cover the costs of the organization's other non- income generating activities and, when aggregated together, often result in a loss to the organization due to the time and effort required to operate them.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CEDAR CIRCLE FARM AND EDUCATION CENTER IS DEDICATED TO AGRICULTURAL SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST AND PROVIDING AGRICULTURAL EDUCATION AND TRAINING TO CHILDREN, PARENTS, EDUCATORS, FARMERS, CONSUMERS, STUDENTS AND OTHER MEMBERS OF THE PUBLIC TO PROMOTE ORGANIC, REGENERATIVE FARMING AND THE TRANSITION TO A LOCALIZED FOOD ECONOMY, INCLUDING BY PRODUCING HEALTHY, ORGANIC FOOD FOR THE LOCAL ECONOMY IN A WAY THAT ENHANCES RESOURCES FOR FUTURE GENERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THROUGH SEPTEMBER 30, 2020, THE FARM HAS BEEN MANAGED AND OPERATED BY CEDAR CIRCLE FARM, LLC (THE "LLC"), A VERMONT LIMITED LIABILITY COMPANY, WHOSE SOLE MEMBER IS THE AZADOUTIOUN FOUNDATION (THE "FOUNDATION"), A MASSACHUSETTS PRIVATE FOUNDATION DESCRIBED IN SECTION 501(C 3) OF THE LNTERNAL REVENUE CODE. EFFECTIVE OCTOBER 1, 2020 THE ORGANIZATION AGREED TO ASSUME THE LLC'S PREVIOUS RESPONSIBILITIES FOR OVERSIGHT AND MANAGEMENT OF THE FARM AND ITS PROGRAMS. ON THAT DATE CERTAIN ASSETS WERE TRANSFERRED TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS LOCATED AT CEDAR CIRCLE FARM AND EDUCATION CENTER (THE "FARM") IN EAST THETFORD, VERMONT, A WORKING FARM AND LEARNING CENTER. THE FARM PROPERTY FEATURES SEVERAL GREENHOUSES, A FARM STAND, AND ITS FARM KITCHEN AND HELLO CAFE, WHERE VISITORS CAN PURCHASE LOW-COST ORGANIC FRUIT, VEGETABLES, PREPARED FOOD AND BAKED GOODS SOURCED FROM OR MADE AT THE FARM AND OTHER LOCAL ORGANIC FARMS. SINCE 2003, THE FARM HAS MAINTAINED ITS CERTIFIED ORGANIC STATUS, AND A SOCIAL MISSION TO PROMOTE REGENERATIVE AND SUSTAINABLE FOOD PRODUCTION. THE ORGANIZATION STRIVES TO ADDRESS THE ROOT CAUSES OF THE MULTIPLE CRISES OF CLIMATE, ENERGY AND FOOD INSECURITY AT THE LOCAL LEVEL. LT OFFERS PUBLICLY ACCESSIBLE EDUCATIONAL COURSES AND SEMINARS IN SCIENCE, FARMING, GARDENING AND COOKING FOR AS LITTLE AS 6 PER SESSION, OR FOR FREE TO CHILDREN. THESE PRICES ARE WELL BELOW THE ORGANIZATION'S COSTS TO OFFER AND SUPPORT THEM. THESE PROGRAMS INCLUDE THE ORGANIZATION'S LITTLE FARMERS PROGRAMS FOR CHILDREN AGES 2-5, ITS COOKING FOR MIDDLE SCHOOLERS PROGRAM, AND ITS SUMMER DAY CAMP AND SUMMER SCIENCE PROGRAMS. THE ORGANIZATION ALSO MAINTAINS A SMALL GARDEN DEDICATED SOLELY TO SUPPORTING A VERMONT NONPROFIT THAT DELIVERS UNUSED FRESH FOOD TO LOCAL FOOD PANTRIES. THE ORGANIZATION ALSO MAKES AVAILABLE TO THE PUBLIC ITS RECIPES AND COOKING, STORAGE AND GARDENING TIPS TO INCREASE SUSTAINABILITY AWARENESS AND TO PROMOTE GOOD HEALTH. THE ORGANIZATION SUPPLEMENTS THE CHARITABLE DONATIONS IT RECEIVES WITH INCOME FROM SEVERAL OTHER OFFERINGS, INCLUDING ITS CSA AND FARM SHARE, FARMERS' MARKETS, PUMPKIN FESTIVAL, WEDDING AND SPECIAL EVENT FLOWERS AND PICK YOUR OWN FLOWERS PROGRAMS, AND ITS FARM STAND, FARM KITCHEN AND HELLO CAFE. WHILE THESE PROGRAMS PROVIDE INCOME TO THE ORGANIZATION, THEY ARE OPERATED PRIMARILY TO COVER THE COSTS OF THE ORGANIZATION'S OTHER NON- INCOME GENERATING ACTIVITIES AND, WHEN AGGREGATED TOGETHER, OFTEN RESULT IN A LOSS TO THE ORGANIZATION DUE TO THE TIME AND EFFORT REQUIRED TO OPERATE THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WILLIAM ALLEN KATHLEEN DUESTERBERG DIRECTOR DIRECTOR SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR PERFORMS A DETAILED REVIEW OF A DRAFT OF THE 990 WITH THE PREPARER. IN ADDITION, THE 990 IS MADE AVAILABLE FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY IS GIVEN TO EACH NEW RESPONSIBLE PERSON AND IS REQUIRED TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS RECEIVED A COPY OF THIS POLICY. EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AN INFORMATION FORM REGARDING THE CONFLICT OF INTEREST POLICY. THE POLICY SHALL BE REVIEWED ANNUALLY AND ANY CHANGES TO THE POLICY MUST BE COMMUNICATED TO ALL RESPONSIBLE PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DEFINED IN A CONTRACTUAL AGREEMENT BETWEEN THE ORGANIZATION AND THE EXECUTIVE DIRECTOR. THE COMPENSATION IS NEGOTIATED AND REFLECTS WHAT THE BOARD PERCEIVES IS THE NECESSARY AND APPROPRIATE COMPENSATION TO OBTAIN AND RETAIN A QUALIFIED EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE EACH FISCAL YEAR AND DETERMINES WHETHER BONUS COMPENSATION IS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS APPROVES THE OTHER OFFICER COMPENSATION. THE OFFICERS COMPENSATED IN 2020 WERE FOR THE ORGANIZATIONAL TRANSITION PERIOD AND IS NOT EXPECTED FOR THE LONG TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8COPIES ARE MADE AVAILABLE UPON REQUEST.
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIS & HODGDON ASSOCIATES CPAS PLC
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