Friends Of The Farmers Market in Blacksburg, Virginia (VA)
Table of contents:
| Friends Of The Farmers Market | |
| Employer Identification Number (EIN) | 431963927 |
| Name of Organization | Friends Of The Farmers Market |
| In Care of Name | Alice Ledford |
| Address | PO BOX 207, Blacksburg, VA 24063-0207 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $40,398 |
| Amount of Income | $79,808 |
| Form 990 Revenue Amount | $69,131 |
| National Taxonomy of Exempt Entities (NTEE) | Food, Agriculture and Nutrition: Food Service, Free Food Distribution Programs |
Non-representatives - add comments:
Amount of income in 2013: $79,808 (it was $77,237 in 2012)
| This organization: | $79,808 |
| Other organizations performing similar types of work: | $81,666 |
Assets in 2013: $40,398 (it was $39,244 in 2012)
| Friends Of The Farmers Market: | $40,398 |
| Other organizations performing similar types of work: | $44,141 |
Expenses in 2013: $71,232
| Friends Of The Farmers Market: | $71,232 |
| Other organizations performing similar types of work: | $71,513 |
Income to expenses ratio in 2013: 1.1
| Friends Of The Farmers Market: | 1.1 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2013: 47.3%
| This organization: | 47.3% |
| Other organizations performing similar types of work: | 37.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $36,058 | $66,944 | $66,411 | $69,131 |
| Contributions, gifts, grants, and similar amounts received | $17,501 | $41,727 | $38,748 | $32,729 |
| Program service revenue including government fees and contracts | $18,307 | $22,361 | $25,550 | $35,621 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $521 | $125 | $101 | $1 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-2,943 | $-2,148 | $322 | $-444 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $2,578 | $1,953 | $7,323 | $6,695 |
| Less: direct expenses from gaming and fundraising events | $5,521 | $4,101 | $7,001 | $7,139 |
| Gross profit/loss from sales of inventory | $2,672 | $4,879 | $1,022 | $1,224 |
| Gross sales of inventory, less returns and allowances | $4,745 | $4,879 | $4,847 | $4,762 |
| Less: cost of goods sold | $2,073 | $0 | $3,825 | $3,538 |
| Other revenue | $0 | $0 | $668 | $0 |
| Total expenses | $41,522 | $68,119 | $67,606 | $71,232 |
| Total net assets | $35,877 | $33,978 | $32,783 | $30,682 |
| Excess/Deficit for the year | $-5,464 | $-1,175 | $-1,195 | $-2,101 |
| Net assets or fund balances at beginning of year | $41,341 | $35,154 | $33,978 | $32,783 |
| Other changes in net assets or fund balances | $0 | $-1 | $0 | $0 |
| Net assets or fund balances at end of year | $32,783 | $30,682 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $37,252 | $37,596 | $39,244 | $40,398 |
| Total liabilities | $1,375 | $3,618 | $6,461 | $9,716 |
| Net assets or fund balances | $35,877 | $33,978 | $32,783 | $30,682 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $233,156 |
| Subtotal | $233,156 |
| Gifts, grants, contributions, and membership fees received | $164,131 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $-975 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $70,000 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $233,908 |
| Public support | $233,156 |
| Subtotal | $752 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $752 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Roc Cafe Inc | PO BOX 6415, Richmond, VA 23230-0415 | VA | 2010-03 | $86,004 |
| 2 | Shenandoah Valley Lutheran Ministries | Po 132, Toms Brook, VA 22660 | VA | 2012-04 | $74,555 |
| 3 | Amherst-Nelson Cares Ltd | PO BOX 451, Amherst, VA 24521-0451 | VA | 2013-03 | $73,650 |
| 4 | Galax Backpack Buddies Inc | PO BOX 541, Galax, VA 24333-0541 | VA | 2012-05 | $47,173 |
| 5 | Food From The Heart Inc | 5631 White Hall Road, Gloucester, VA 23061 | VA | 2014-06 | $15,905 |
| 6 | Local Environmental Agriculture Project Incorporated | Po Box 3249, Roanoke, VA 24015 | VA | 2013-01 | $7,488 |
| 7 | Feed Loudoun Inc | Po Box 302, Round Hill, VA 20142 | VA | 2012-01 | $4,450 |
| 8 | Canstruction Hampton Roads Inc | 1340 N Great Neck Rd 1272 - 102, Virginia Beach, VA 23454 | VA | 2010-09 | $4,037 |
| 9 | Street Missions And Restoration Team | 4120 Virginia Rail Dr, Provdence Frg, VA 23140-4490 | VA | 2005-12 | $3,502 |
| 10 | Apedong | 7519 Little River Tnpk Ste 303, Annandale, VA 22003-2979 | VA | 2011-02 | $0 |
| 11 | Backpack Buddies Foundation Of Loudoun Inc | 329 Bridle Crest Sq Ne, Leesburg, VA 20176 | VA | 2014-08 | $0 |
| 12 | Backpack Relief Program | 8350 Squirrel Spur Road, Meadows Of Dan, VA 24120 | VA | 2010-03 | $0 |
| 13 | Book Baskets | 817 Fendall Terrace, Charlottesville, VA 22903 | VA | 1996-10 | $0 |
| 14 | Bread Of Life Food Pantry Inc | 137 West Main Street Pobox 1284, Saltville, VA 24370 | VA | 2003-02 | $0 |
| 15 | Busfarm Inc | 2817 Mechanicsville Tpke, Richmond, VA 23223-1824 | VA | 2013-11 | $0 |
| 16 | Churchville Community Food Pantry Inc | Po Box 22, Churchville, VA 24421 | VA | 2000-03 | $0 |
| 17 | Clarke County Farmers Market Assoc | Po Box 1266, Berryville, VA 22611 | VA | 2014-10 | $0 |
| 18 | Farmers Market Chef Program | 312 N Van Buren St, Falls Church, VA 22046-3655 | VA | 2013-02 | $0 |
| 19 | Feedhungrypeople Dot Org | 43063 Castlebar Street, South Riding, VA 20152 | VA | 2014-10 | $0 |
| 20 | Feeding My Sheep Inc | 1090 Commanche Street, Vansant, VA 24656 | VA | 2013-08 | $0 |
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| Total | 2,284 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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