Overview
What is Carolina Farm Trust Inc?
Carolina Farm Trust Inc is a nonprofit organization based in Cornelius, North Carolina, with a mission to support local farmers. They assist small, community farmers by aiding in the purchase of necessary equipment, leasing or purchasing land, and promoting their produce through innovative marketing campaigns. The ultimate goal is to bring fresh, locally-grown food to consumers, thereby strengthening the regional food systems in the Carolinas. With a team of 11 dedicated individuals, Carolina Farm Trust is committed to making the Carolinas a leading area in local food production and consumption.
Official website here: www.carolinafarmtrust.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating. This rating indicates that Carolina Farm Trust Inc has a moderate level of financial accountability and transparency. The organization scored well in governance with a fully independent board and robust financial oversight practices, yet its overall rating reflects weaker areas, particularly in program expenses.
The organization's strengths lie in its governance and commitment to equity, as evidenced by the high scores in independent board membership and its initiative to implement equity practices. However, it lacks essential policies such as conflict of interest and whistleblower policies, which are critical for maintaining transparency and ethical standards.
Despite a solid score in culture and community, the program expense ratio of 54.18% is relatively low, suggesting that a larger portion of its resources may not be effectively directed towards its mission-driven programs. This could be a limitation for potential donors looking for impactful contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Carolina Farm Trust Inc legitimate?
Carolina Farm Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Farm Trust 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $236,956
For more financial information, click here
Official website here: www.carolinafarmtrust.org/
What is the mission statement of Carolina Farm Trust Inc?
Carolina Farm Trust Inc's mission is centered around enhancing local food systems, extending from production to consumption. The organization takes a collaborative approach, working closely with farmers, growers, markets, and consumers to make their region a leading hub for local food production and consumption. Their mission is to strengthen these local food systems, aiding farmers in overcoming challenges that prevent them from delivering abundant, high-quality produce to consumers. They achieve this by providing support in the form of equipment purchases, land leasing or purchasing, and marketing assistance.
Official website here: www.carolinafarmtrust.org/
Who is the CEO of Carolina Farm Trust Inc?
Zack Wyatt is the President / Ceo of Carolina Farm Trust Inc. The CEO's salary of Carolina Farm Trust Inc is $75,000 and their total compensation is $75,000.
Official website here: www.carolinafarmtrust.org/
What is the revenue of Carolina Farm Trust Inc?
Carolina Farm Trust Inc's revenue in 2022 was $1,052,900.
Official website here: www.carolinafarmtrust.org/
Who are the executives of Carolina Farm Trust Inc and what are their salaries?
The average compensation at Carolina Farm Trust Inc during 2022 was $28,360. There are 11 employees and 150 volunteers at Carolina Farm Trust Inc.
Here are 7 key members and their salaries (Carolina Farm Trust Inc's CEO's salary is $75,000 and their total compensation is $75,000):
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.carolinafarmtrust.org/
Where can I find the form 990 for Carolina Farm Trust Inc?
Carolina Farm Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carolinafarmtrust.org/
Learn more at the official website: www.carolinafarmtrust.org/
Mission Statement of Carolina Farm Trust Inc
Carolina Farm Trust, a dedicated organization, is committed to its mission of strengthening local food systems in the Carolinas. This involves supporting the production and consumption of fresh, locally-grown food. The Trust accomplishes this by collaborating with various partners, including farmers and growers, farms, markets, and consumers. Their approach is comprehensive, aiming to establish the region as a global leader in local food production and consumption.
At the heart of Carolina Farm Trust's mission is the support it provides to small, community farmers. The organization helps these farmers overcome the challenges they face, enabling them to bring bountiful, beautiful food to our plates. Carolina Farm Trust offers direct assistance to farmers by aiding in the purchase of equipment, leasing or purchasing land, and promoting their produce through innovative marketing campaigns. In doing so, the Trust plays a crucial role in enhancing the local food system, ensuring that consumers have access to high-quality, locally-sourced produce.
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Impact
July, 2024
Carolina Farm Trust works to bring fresh, bountiful, locally-grown food to your plate. They help farmers overcome challenges to bring beautiful, bountiful food to our plates by supporting small, community farmers in a direct manner. Their comprehensive and collaborative approach involves working alongside partners, farmers and growers, farms, markets, and consumers to make the region a global leader in local food production and consumption. Their impact is seen in strengthening local food systems in the Carolinas, from production to consumption.
This information is meant to be a general summary of Carolina Farm Trust 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: $106
- Program Service Revenue: $11,120
- Gross Receipts: $1,176,563
Assets and Liabilities:
- Total Assets: $507,114
- Total Liabilities: $178,700
- Net Assets: $328,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR NUTRITION
Revenue
$9,540
PRODUCT PURCHASE
Revenue
$1,367
OTHER INCOME
Revenue
$213
Organization Details
Founding Year
2015
Phone
(704) 264-6088Principal Officer
Zack Wyatt
Main Address
9627 WILLOW LEAF LANE, CORNELIUS, NC, 28031
Website
www.carolinafarmtrust.org/NTEE Category
Code: K25 - Food
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