Overview
What is Red Tomato Inc?
Red Tomato Inc, based in Providence, Rhode Island, serves as a nonprofit organization that fosters connections between local farmers and industry food buyers. Their primary mission is to promote the benefits of sustainably grown, family farm produce, thereby enhancing demand for fresh, locally sourced fruits and vegetables. By offering assistance to farmers in distributing their produce, Red Tomato Inc effectively bridges the gap between supply and demand, ultimately increasing public access to the highest quality family farm produce. With a team of nine dedicated individuals, Red Tomato Inc plays a vital role in supporting family farms and advocating for sustainable agriculture.
Official website here: www.redtomato.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star rating
Red Tomato Inc has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The organization's score of 92% reflects its commitment to transparency and effective governance, particularly highlighted by a fully independent board and robust financial oversight mechanisms.
The charity excels in various aspects of accountability, including maintaining a low liabilities to assets ratio and a significant program expense ratio, which shows that a large portion of its resources are directed toward its mission-related activities. Additionally, the presence of policies such as conflict of interest and whistleblower protections underscores its dedication to ethical operations.
However, while the organization has scored well in finance and accountability, the overview does not provide insights into the impact of its programs or community engagement initiatives. This could be an area for growth and improvement, as prospective donors often look for not just financial health but also the effectiveness of programs in achieving their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Red Tomato Inc legitimate?
Red Tomato Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Red Tomato Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $93,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $395,981
For more financial information, click here
Official website here: www.redtomato.org
What is the mission statement of Red Tomato Inc?
Red Tomato Inc's mission is centered around supporting family farms by enhancing market development and fostering public awareness and accessibility to the freshest and top-quality family-grown fruits and vegetables. The organization undertakes an educational role, enlightening industry food buyers about the merits of locally-sourced, eco-friendly, and family farm produce. This aim is to stimulate a higher demand for locally grown fresh produce. Additionally, Red Tomato Inc offers assistance to local farmers, helping them distribute their produce effectively to meet these increased market demands.
Official website here: www.redtomato.org
Who is the CEO of Red Tomato Inc?
Luis Angel Mendez is the President of Red Tomato Inc.
Official website here: www.redtomato.org
What is the revenue of Red Tomato Inc?
Red Tomato Inc's revenue in 2022 was $1,104,763.
Official website here: www.redtomato.org
Who are the executives of Red Tomato Inc and what are their salaries?
The average compensation at Red Tomato Inc during 2022 was $54,384. There are 9 employees and 10 volunteers at Red Tomato Inc.
Here are 11 key members and their salaries:
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- Compensation: $93,478
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- Other: $9,063
- Compensation: $54,201
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- Other: $11,629
Official website here: www.redtomato.org
Where can I find the form 990 for Red Tomato Inc?
Red Tomato Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redtomato.org
Learn more at the official website: www.redtomato.org
Mission Statement of Red Tomato Inc
Red Tomato Inc, a nonprofit organization, is dedicated to strengthening family farms by focusing on market development and enhancing public access to the freshest and highest quality family farm fruits and vegetables. Their mission is twofold: firstly, they aim to educate industry food buyers about the merits of locally-grown, ecologically-aware, and family farm-produced produce. By increasing demand for such produce, they hope to stimulate the local food market. Secondly, Red Tomato Inc provides assistance to local farmers in distributing their produce to meet this growing demand, thereby ensuring that the public has easy access to these fresh and nutritious items. By supporting family farms in this way, Red Tomato Inc is not only promoting sustainable agriculture but also contributing to the overall health and well-being of the community.
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Impact
July, 2024
Red Tomato Inc has made a significant impact by strengthening family farms through market development and increasing public awareness and access to the freshest and highest quality family farm fruits and vegetables. The organization educates industry food buyers about the benefits of locally-grown, ecologically-grown, and family farm produce, thereby increasing the demand for locally grown fresh fruits and vegetables. By providing assistance to local farmers in distributing their produce to meet these demands and markets, Red Tomato Inc has played a crucial role in supporting sustainable agriculture practices and preserving family farms.
This information is meant to be a general summary of Red Tomato Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,492
- Program Service Revenue: $472,907
- Gross Receipts: $1,109,354
Assets and Liabilities:
- Total Assets: $1,201,806
- Total Liabilities: $292,322
- Net Assets: $909,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net revenue-trade faci
Revenue
$457,491
Consulting Fees
Revenue
$15,416
Organization Details
Founding Year
1998
Phone
(508) 316-3494Principal Officer
Luis Angel Mendez
Main Address
10 Sims Ave Suite 102, Providence, RI, 02909
Website
www.redtomato.orgNTEE Category
Code: B99 - Education
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