Overview
What is The Good Acre?
The Good Acre, located in Falcon Heights, Minnesota, is a prominent nonprofit organization that connects and strengthens farmers, food makers, and communities through the provision of good food. As the largest food hub in Minnesota, they play a crucial role in creating market access for local farmers. In 2022, they purchased 1.7 million pounds of local food from over 130 farmers and makers, marking their most impactful year yet. Their Grower Support Program has been instrumental in connecting with 132 farmers, reducing or eliminating waste, and donating over 180,000 pounds of locally grown produce to hunger relief organizations. With a team of 20 dedicated individuals, The Good Acre continues to enhance the livelihoods of farmers and contribute to the wellbeing of their communities.
Official website here: www.thegoodacre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Good Acre has achieved an impressive score of 94%, indicating a strong level of accountability and financial health. The charity is recognized for having a fully independent board, with all members meeting the criteria for independence. Additionally, they received perfect scores in several critical areas, such as their audit and oversight committee, conflict of interest policy, and whistleblower policy, which reflects robust governance practices.
Financially, The Good Acre demonstrates effective management of resources, with a notable liabilities to assets ratio of 18.35%. Their program expense ratio stands at 68.20%, indicating that a significant portion of their expenses is directed towards their programs. This commitment to allocating funds towards impactful initiatives is a strong point for the organization.
While the organization shows solid financial practices and governance, continued transparency and engagement with stakeholders will be essential for maintaining their high rating and strengthening community trust. Overall, The Good Acre appears to be a well-managed nonprofit that prioritizes accountability and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Good Acre legitimate?
The Good Acre is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Good Acre 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: $100,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $790,093
For more financial information, click here
Official website here: www.thegoodacre.org
What is the mission statement of The Good Acre?
The Good Acre, being the largest nonprofit food hub in Minnesota, is committed to connecting and strengthening farmers, food makers, and communities through the provision of good food. By playing a critical role in creating market access for local farmers, The Good Acre facilitates the purchase of over 1.7 million units of local food annually from over 130 local farmers and makers. This organization's mission is geared towards fostering a robust and sustainable local food system, thereby contributing to the well-being of local communities.
Official website here: www.thegoodacre.org
Who is the CEO of The Good Acre?
Theresa Mccormick is the Executive Di of The Good Acre.
Official website here: www.thegoodacre.org
What is the revenue of The Good Acre?
The Good Acre's revenue in 2022 was $1,182,522.
Official website here: www.thegoodacre.org
Who are the executives of The Good Acre and what are their salaries?
The average compensation at The Good Acre during 2022 was $44,554. There are 20 employees and 180 volunteers at The Good Acre.
Here are 11 key members and their salaries:
- Compensation: $98,045
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- Other: $2,941
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- Other: $0
Official website here: www.thegoodacre.org
Where can I find the form 990 for The Good Acre?
The Good Acre's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thegoodacre.org
Learn more at the official website: www.thegoodacre.org
Mission Statement of The Good Acre
The Good Acre, being the largest nonprofit food hub in Minnesota, is committed to bridging connections and strengthening relationships between farmers, food producers, and communities through the provision of quality food. By playing a vital role in creating market access for local farmers and producers, The Good Acre plays a pivotal role in supporting the regional agricultural sector. In 2022, the organization demonstrated unprecedented impact, purchasing over 1.7 million units of local food from more than 130 farmers and food makers within its food hub. This not only benefits the farmers and food producers but also contributes to the overall health and well-being of the communities that The Good Acre serves. By connecting and empowering these various stakeholders, The Good Acre is instrumental in fostering a sustainable and thriving food system.
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Impact
July, 2024
The Good Acre connects and strengthens farmers, food makers, and communities through good food. In 2022, their impact was significant, with over 1.7 million dollars in local food purchased from over 130 local farmers and makers through their food hub. Additionally, their Grower Support Program engaged with 132 farmers, supported 65 farms through LEAFF, and donated over 180,000 pounds of locally grown produce to hunger relief organizations. This demonstrates their commitment to supporting local agriculture, reducing food waste, and ensuring access to fresh, nutritious food in the community.
This information is meant to be a general summary of The Good Acre. 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: $1,053
- Program Service Revenue: $165,035
- Gross Receipts: $2,719,090
Assets and Liabilities:
- Total Assets: $1,265,392
- Total Liabilities: $232,253
- Net Assets: $1,033,139
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
KITCHEN AND STORAGE RENTAL
Revenue
$148,717
CLASSES AND TRAININGS
Revenue
$16,138
OTHER SALES
Revenue
$180
Organization Details
Founding Year
2014
Phone
(651) 493-7158Principal Officer
Theresa Mccormick
Main Address
1790 LARPENTEUR AVENUE WEST, FALCON HEIGHTS, MN, 55113
Website
www.thegoodacre.orgNTEE Category
Code: K99 - Food
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