Civic Intelligence

Rusted Gate Farm

990 • Fiscal year 2024 • EIN 84-3639281

Apr 01, 2023 to Mar 31, 2024 • Filed on Dec 04, 2024

PO Box 5326Central Point, OR 97502

(541) 488-9700

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.14x

Higher debt load relative to revenue than 38% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

1st percentile

-611%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$122,631

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 36.5% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

16th percentile

-4.9%

Faster asset growth than 16% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

432%

Faster revenue growth than 98% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$23,271,214

Down $3,697,251 (-14%) from 2022

Net Assets

Down

$23,222,756

Down $3,730,697 (-14%) from 2022

Liabilities

Up

$48,458

Up $33,446 (+223%) from 2022

Revenue

Down

$336,086

Down $400,821 (-54%) from 2022

Expenses

Up

$2,388,991

Up $249,830 (+12%) from 2022

Net Income

Down

-$2,052,905

Down $650,651 (-46%) from 2022

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2020: $14,010,968Liabilities 2020: $0Net Assets 2020: $14,010,9682020Assets 2021: $29,151,546Liabilities 2021: $4,913Net Assets 2021: $29,146,6332021Assets 2022: $26,968,465Liabilities 2022: $15,012Net Assets 2022: $26,953,4532022Assets 2024: $23,271,214Liabilities 2024: $48,458Net Assets 2024: $23,222,7562024Assets 2025: $23,092,284Liabilities 2025: $24,004Net Assets 2025: $23,068,2802025

Highlighted filing

2024

Assets$23,271,214
Liabilities$48,458
Net Assets$23,222,756

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2020: $14,145,655Expenses 2020: $33,977Net Income 2020: $14,111,6782020Revenue 2021: $16,324,078Expenses 2021: $1,215,033Net Income 2021: $15,109,0452021Revenue 2022: $736,907Expenses 2022: $2,139,161Net Income 2022: -$1,402,2542022Revenue 2024: $336,086Expenses 2024: $2,388,991Net Income 2024: -$2,052,9052024Revenue 2025: $2,481,367Expenses 2025: $2,848,334Net Income 2025: -$366,9672025

Highlighted filing

2024

Revenue$336,086
Expenses$2,388,991
Net Income-$2,052,905
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Dec 4, 2024
Return Version
2023v5.1
Gross Receipts
$9,560,850
Mission and Program Overview

Mission

Through sharing outcomes of experimentation with traditional, alternative and innovate farm practives, rusted gate farm intends to identify a mix of income producing activities that will increase average farm income, promote environmental health and insure long-term financial security for small farms.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$24,469,539$23,222,756▼ $1,246,783
Land, Buildings, and Equipment, Net$12,152,239$12,088,302▼ $63,937
Investments in Publicly Traded Securities$7,510,077$4,226,280▼ $3,283,797
Cash and Non-Interest-Bearing Accounts$4,074,874$1,923,195▼ $2,151,679
Inventories for Sale or Use$198,505$259,780▲ $61,275
Total Assets$24,470,329$23,271,214▼ $1,199,115
Other Assets Total$534,634$4,773,657▲ $4,239,023
Liabilities
Other Liabilities$790$48,458▲ $47,668
Total Liabilities$790$48,458▲ $47,668
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,469,539$23,222,756▼ $1,246,783
Total Liabilities and Net Assets / Fund Balance$24,470,329$23,271,214▼ $1,199,115

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,495,496$564,152$7,059,648
Land$4,230,011-$4,230,011
Equipment$794,967$1,127,891$1,922,858
Leasehold Improvements$550,854$37,288$588,142
Other Land Buildings$16,974$11,826$28,800
Other Assets Org$48,548--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jo Ann ShannonExecutive DirectorFT$122,631$122,631

Board Members and Trustees

NameTitle
Matt BormanPresident
Vincent SmithBoard Member
Christy WaltonFounder
Martin GoebelSecretary
Mike FinleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,215
Program Service Revenue
$405,781
Investment Income
$-240,700
Other Revenue
$33,790
All Other Contributions
$61,907
Change in Net Assets
$-2,052,905
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,475,473
Salaries, Compensation, and Employee Benefits$913,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$590,653$67,816-$658,469
Depreciation Depletion$425,269$141,756-$567,025
Other Expenses$136,731$67,199-$136,731
Current Officers, Directors, Trustees, and Key Employees-$120,149-$120,149
Insurance$18,921$82,708-$101,629
Payroll Taxes$55,425$15,860-$71,285
All Other Expenses$2,915$63,400-$66,315
Other Employee Benefits$27,730$35,885-$63,615
Fees for Services Accounting-$50,800-$50,800
Fees for Services Other$28,800$4,358-$33,158
Advertising$14,378$7,289-$21,667
Information Technology-$20,514-$20,514
Fees for Services Legal-$16,450-$16,450
Office Expenses-$6,962-$6,962
Travel-$3,816-$3,816
Total Functional Expenses$1,554,712$834,279$0$2,388,991
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$30,623
Payroll Liability$16,891
Credit Card Liability$750
Deposit$194
Accrued Liabilities-
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, Part VI, Section A, Line 6 7A

The organizations founder has the power to appoint board members.

Form 990, Part VI, Section B, Line 11

The form 990 is made available to all members of the governing body and is reviewed and signed by an appropriate officer of the organization.

Form 990, Part VI, Section B, Line 15A B

Compensation is based on comparison to similar positions at similar organizations. Compensation is approved annually by the board of directors

Form 990, Part VI, Section B, Line 12

Individuals who are directly or indirectly party to a possible transaction with the organization are required to disclose the material facts of the transaction and interest in the transaction prior to the organization taking any action related to said transaction.

Filing and Contact Details

Filer

Filer Name
Rusted Gate Farm
EIN
84-3639281
Address
PO BOX 5326, CENTRAL POINT, OR 97502

Signing Officer

Name
Jo Ann Shannon
Title
Executive Director
Signed
2024-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jo Ann Shannon
Formed
2019
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
16

Preparer

Firm
M Peterson LLC
Address
PO Box 280, Ashland, OR 97520
Preparer
Marlin J Peterson CPA
Phone
5414889700
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Through sharing outcomes of experimentation with traditional, alternative and innovate farm practives, rusted gate farm intends to identify a mix of income producing activities that will increase average farm income, promote environmental health and insure long-term financial security for small farms.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0137215
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016061822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt014144355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt030351245
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02503
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt016061822
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014144355
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt030312407
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0276692
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0286745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0107410
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0718300
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0273857
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0286745
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt047453
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0107410
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01300
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0716765
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0405781
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0376574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0664531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0158580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01605466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0273857
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0286745
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt047453
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0107410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01300
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0716765
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt052220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt015898544
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt014002898
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt029953662
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt052220
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0898544
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt02858543
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt03809307
IRS990ScheduleA/SubstantialContributorsTotAmt028963395
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0504158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0381924
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0667034
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt016220402
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt014144355
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0137215
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02503
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt016061822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt014144355
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt030351245
IRS990ScheduleA/TotalSupportAmt031069545
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0778015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0668669
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0714487
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt016327812
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt014145655
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt032634638
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IRS990ScheduleD/BuildingsGrp/BookValueAmt06495496
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0564152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07059648
IRS990ScheduleD/EquipmentGrp/BookValueAmt0794967
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01127891
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01922858
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt04230011
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04230011
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0550854
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt037288
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0588142
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04725109
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt148548
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in Process
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Misc Receivable
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016974
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011826
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt316891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Credit Card Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Payroll Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Accrued Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012088302
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04773657
IRS990ScheduleD/TotalLiabilityAmt048458
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS FOUNDER HAS THE POWER TO APPOINT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY AND IS REVIEWED AND SIGNED BY AN APPROPRIATE OFFICER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS BASED ON COMPARISON TO SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDIVIDUALS WHO ARE DIRECTLY OR INDIRECTLY PARTY TO A POSSIBLE TRANSACTION WITH THE ORGANIZATION ARE REQUIRED TO DISCLOSE THE MATERIAL FACTS OF THE TRANSACTION AND INTEREST IN THE TRANSACTION PRIOR TO THE ORGANIZATION TAKING ANY ACTION RELATED TO SAID TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THROUGH SHARING OUTCOMES OF EXPERIMENTATION WITH TRADITIONAL, ALTERNATIVE AND INNOVATE FARM PRACTIVES, RUSTED GATE FARM INTENDS TO IDENTIFY A MIX OF INCOME PRODUCING ACTIVITIES THAT WILL INCREASE AVERAGE FARM INCOME, PROMOTE ENVIRONMENTAL HEALTH AND INSURE LONG-TERM FINANCIAL SECURITY FOR SMALL FARMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15A B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part I, Line 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024470329
IRS990/TotalAssetsEOYAmt023271214

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