Overview
What is Farmers Market Fund?
The Farmers Market Fund, located in Portland, Oregon, is a nonprofit organization dedicated to enhancing the accessibility of healthy, locally grown food for low-income, elderly, and underserved populations in the region. Their primary initiative, DOUBLE UP FOOD BUCKS (DUFB), matches SNAP benefits spent at participating farmers markets in Oregon, offering recipients an additional amount up to $20 in DUFB currency to purchase fruits and vegetables. This program serves to increase the purchasing power of families in need, thereby promoting the consumption of nutritious produce. The Farmers Market Fund's mission is rooted in the belief that everyone should have the opportunity to enjoy the benefits of fresh, locally sourced food.
Official website here: www.farmersmarketfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, the Farmers Market Fund has received a Two-Star out of Four Star rating with a score of 69%. This indicates that while the organization demonstrates some strengths, particularly in accountability and financial management, there are significant areas that require attention for improvement. The score reflects both solid governance practices and the absence of certain essential policies.
The organization boasts a fully independent board of directors, which is a positive aspect, as it indicates good governance practices. With a program expense ratio of 95.82%, it is clear that a substantial amount of funding is directed toward its programs, which is commendable. However, the lack of financial statements and several missing policies, such as conflict of interest and whistleblower policies, highlights potential weaknesses in transparency and accountability.
Additionally, while the organization has shown responsible management with a low liabilities to assets ratio of 0.65%, the absence of documented policies and various required documents suggests the need for improved operational integrity. Addressing these limitations could enhance the Farmers Market Fund's credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Farmers Market Fund legitimate?
Farmers Market Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmers Market Fund 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: $85,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,268
For more financial information, click here
Official website here: www.farmersmarketfund.org
What is the mission statement of Farmers Market Fund?
The Farmers Market Fund's mission is centered around enhancing access to nutritious, locally grown food for underprivileged populations. Specifically, they aim to provide greater food options for low-income families, the elderly, and underserved communities in an unspecified region. To achieve this, they implement the Double Up Food Bucks (DUFB) program, which matches SNAP benefits spent at participating farmers markets, allowing shoppers to purchase an additional amount of fruits and vegetables with the matched DUFB currency. This initiative encourages healthier food choices and fosters a more equitable distribution of fresh produce.
Official website here: www.farmersmarketfund.org
Who is the CEO of Farmers Market Fund?
Rachael Ward is the Executive Dir. of Farmers Market Fund.
Official website here: www.farmersmarketfund.org
What is the revenue of Farmers Market Fund?
Farmers Market Fund's revenue in 2022 was $1,749,793.
Official website here: www.farmersmarketfund.org
Who are the executives of Farmers Market Fund and what are their salaries?
There 11 volunteers at Farmers Market Fund.
Here are 12 key members and their salaries:
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- Related: $78,073
- Other: $7,152
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Official website here: www.farmersmarketfund.org
Where can I find the form 990 for Farmers Market Fund?
Farmers Market Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farmersmarketfund.org
Learn more at the official website: www.farmersmarketfund.org
Mission Statement of Farmers Market Fund
Farmers Market Fund, a nonprofit organization, is dedicated to enhancing the accessibility of nutritious, locally grown food for underserved populations, including low-income families and the elderly. Their mission is to bridge the gap in Oregon by providing these groups with greater opportunities to purchase fresh fruits and vegetables. One of their key initiatives is the Double Up Food Bucks (DUFB) program. This innovative scheme works by matching SNAP benefits spent at participating farmers markets in Oregon. For every dollar spent on SNAP benefits, shoppers receive a complimentary match of up to $20 in DUFB currency, which can be used to purchase fruits and vegetables at the market. This program empowers families to make healthier food choices and improve their overall diet.
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Impact
July, 2024
Farmers Market Fund's impact can be seen in the increased access to healthy, locally grown food for low-income, elderly, and under-served populations in Oregon. Through the Double Up Food Bucks program, individuals utilizing SNAP benefits at participating farmers markets receive a match of up to $20 in DUFB currency for every $1 spent. This initiative not only helps stretch limited food budgets but also encourages the consumption of more fruits and vegetables, promoting better nutrition and overall health within the community. In Portland, Oregon, Farmers Market Fund is making a tangible impact by addressing food access disparities and supporting individuals in making healthier food choices.
This information is meant to be a general summary of Farmers Market Fund. 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: $4,297
- Program Service Revenue: $85
- Gross Receipts: $1,749,793
Assets and Liabilities:
- Total Assets: $4,212,453
- Total Liabilities: $27,575
- Net Assets: $4,184,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCAL SPONSOR FEES
Revenue
$85
Organization Details
Founding Year
2011
Phone
(503) 241-0032Principal Officer
Rachael Ward
Main Address
240 N Broadway 129, Portland, OR, 97227
Website
www.farmersmarketfund.orgNTEE Category
Code: K40 - Food
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