Overview
What is Westport Farmers Market Inc?
Westport Farmers Market Inc is a nonprofit organization situated in Westport, Connecticut. Their primary objective is to bridge the gap between local farmers and consumers by operating a marketplace. This marketplace serves as a platform for farmers to showcase and sell their fresh, sustainable produce directly to consumers. By facilitating this interaction, Westport Farmers Market Inc aims to foster lasting relationships between producers and consumers, celebrating the local food culture. The organization also strives to promote local agriculture and provide a market for farm products. With a small team of one dedicated individual, Westport Farmers Market Inc continues to make a significant impact in their community.
Official website here: www.westportfarmersmarket.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Westport Farmers Market Inc has received a 76% rating from Charity Navigator, indicating a commendable level of accountability and transparency. The assessment highlights a strong performance in areas such as board independence, with 87% of its board members being independent, and a favorable program expense ratio of 90.63%, suggesting that a significant portion of its funds goes directly to its programs.
However, the organization has notable limitations in its governance policies, as it lacks conflict of interest, whistleblower, and document retention policies. These missing elements can raise concerns about the organization's oversight and accountability practices. Additionally, the tax form is not posted on the nonprofit's website, which could hinder transparency for potential donors and stakeholders.
Overall, while Westport Farmers Market Inc demonstrates solid financial practices and an independent board structure, it is recommended that the organization address its governance policy gaps to enhance its accountability and build greater trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Westport Farmers Market Inc legitimate?
Westport Farmers Market Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westport Farmers Market 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,969
For more financial information, click here
Official website here: www.westportfarmersmarket.com
What is the mission statement of Westport Farmers Market Inc?
Westport Farmers Market Inc's mission is centered around establishing and maintaining a year-round regional platform that bridges local farmers with consumers. This platform serves as a space for genuine interactions over fresh, locally-sourced produce. The market aims to foster lasting relationships between farmers and consumers, celebrating the delicious and sustainable food culture. Additionally, it seeks to encourage local farm production and provide a market for their products.
Official website here: www.westportfarmersmarket.com
What is the revenue of Westport Farmers Market Inc?
Westport Farmers Market Inc's revenue in 2024 was $220,682.
Official website here: www.westportfarmersmarket.com
Who are the executives of Westport Farmers Market Inc and what are their salaries?
The average compensation at Westport Farmers Market Inc during 2024 was $74,969. There is 1 employee at Westport Farmers Market Inc.
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Official website here: www.westportfarmersmarket.com
Where can I find the form 990 for Westport Farmers Market Inc?
Westport Farmers Market Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.westportfarmersmarket.com
Learn more at the official website: www.westportfarmersmarket.com
Mission Statement of Westport Farmers Market Inc
Westport Farmers Market Inc, in its mission, aims to establish and sustain a year-round regional platform. This platform serves as a bridge where local farmers can engage directly with the community over authentic, sustainable, and delicious food. By facilitating this interaction, the Westport Farmers Market strives to foster enduring relationships between producers and consumers, thereby celebrating local agriculture and creating a market for their farm products. In essence, the organization's mission is to encourage and support local farming activities, thereby providing a platform for farmers to showcase and sell their produce.
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Impact
October, 2024
Westport Farmers Market Inc plays a vital role in fostering connections between local farmers and the community. By creating a year-round marketplace, it provides a platform where farmers can directly engage with consumers. This initiative not only enhances access to fresh, local produce but also promotes sustainable food practices.
The market facilitates meaningful conversations between producers and consumers, helping to build lasting relationships centered around local, delicious food. By encouraging local farm production, it bolsters the regional economy and supports the agricultural community. This hub serves as a vital resource for residents seeking to make informed food choices while simultaneously supporting local farmers and their products. The impact of Westport Farmers Market Inc extends beyond just food; it's about nurturing a community that values sustainability, connection, and health.
This information is meant to be a general summary of Westport Farmers Market 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 2024.
- Investment Income: $479
- Program Service Revenue: $78,614
- Gross Receipts: $220,682
Assets and Liabilities:
- Total Assets: $209,864
- Total Liabilities: $1,541
- Net Assets: $208,323
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$78,614
Organization Details
Founding Year
2011
Principal Officer
Bill Taibe
NTEE Category
Code: K40 - Food
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