Overview
What is Center For An Agricultural Economy Inc?
The Center for an Agricultural Economy Inc, located in Hardwick, Vermont, is a nonprofit organization dedicated to stimulating a regenerative, locally-rooted food system. They aim to engage the public through various means, such as offering community spaces for agricultural education and public events, and conducting research and development to enhance the strength of Vermont agriculture. Their activities extend to the creation of value-added local products and initiatives that aid in hunger relief and local food access. Additionally, their Farm Connex service operates as a delivery service for small and medium farms and food businesses, providing them access to wholesale markets in the region that may not be reachable through larger distribution chains. With around 40 employees, the Center for an Agricultural Economy Inc is a significant contributor to Vermont's agricultural sector and community development.
Official website here: www.hardwickagriculture.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Center for An Agricultural Economy Inc has received a solid rating of 80%, reflecting a strong commitment to accountability and financial transparency. This score is based entirely on their Accountability & Finance metrics, indicating that the organization operates with a good level of oversight and governance. The charity has achieved high marks in several key areas, including a fully independent board and no material diversion of assets.
Strengths of the organization include a high program expense ratio of 82.36%, which suggests that a significant portion of their funds is allocated directly to their programs rather than administrative costs. Additionally, they maintain a low liabilities to assets ratio at 12.78%, illustrating a healthy financial position. Their commitment to transparency is further evidenced by the availability of board meeting minutes and the presence of a conflict of interest policy.
However, there are noted limitations, particularly the absence of a whistleblower policy and a document retention policy, which could impact their overall governance. Furthermore, the fundraising efficiency ratio is relatively low at $0.06, indicating that fundraising efforts may not be as efficient as they could be. Overall, while the Center for An Agricultural Economy Inc demonstrates strong financial practices, addressing these weaknesses could enhance their operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Center For An Agricultural Economy Inc legitimate?
Center For An Agricultural Economy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For An Agricultural Economy 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: $89,616
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,316,381
For more financial information, click here
Official website here: www.hardwickagriculture.org
What is the mission statement of Center For An Agricultural Economy Inc?
The Center for An Agricultural Economy Inc aims to engage the public in building a sustainable, locally-focused food system. This is achieved by offering community spaces for agricultural education and public events, conducting research and development of value-added local products, and enhancing the strength of the local agriculture sector. Furthermore, the organization assists in hunger relief and local food access projects. Notably, they operate Farm Connex, a unique farm product delivery service that caters to small and medium farms and food businesses, helping them access wholesale markets.
Official website here: www.hardwickagriculture.org
Who is the CEO of Center For An Agricultural Economy Inc?
Jon Ramsay is the Executive Di of Center For An Agricultural Economy Inc.
Official website here: www.hardwickagriculture.org
What is the revenue of Center For An Agricultural Economy Inc?
Center For An Agricultural Economy Inc's revenue in 2022 was $4,764,510.
Official website here: www.hardwickagriculture.org
Who are the executives of Center For An Agricultural Economy Inc and what are their salaries?
The average compensation at Center For An Agricultural Economy Inc during 2022 was $35,150. There are 40 employees and 45 volunteers at Center For An Agricultural Economy Inc.
Here are 11 key members and their salaries:
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Official website here: www.hardwickagriculture.org
Where can I find the form 990 for Center For An Agricultural Economy Inc?
Center For An Agricultural Economy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hardwickagriculture.org
Learn more at the official website: www.hardwickagriculture.org
Mission Statement of Center For An Agricultural Economy Inc
The Center for an Agricultural Economy Inc, a nonprofit organization, is devoted to inspiring public participation in creating a regenerative, locally-focused healthy food system. Their mission is threefold: providing community open space for agricultural education and public events, conducting research and development of value-added and local products to strengthen Vermont agriculture, and offering assistance in hunger relief and local food access projects.
One of their key initiatives is Farm ConneX, a unique farm product delivery service. Unlike traditional distributors, Farm ConneX caters to small and medium farms and food businesses that may not be able to utilize larger distribution chains to access wholesale markets in the region. By picking up products from over 60 farms across Vermont and delivering them to their markets, Farm ConneX plays a crucial role in connecting local farms with consumers, thereby promoting a sustainable and healthy food system.
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Impact
June, 2024
Center For An Agricultural Economy Inc's impact can be seen through its Farm Connex program, which operates as a unique delivery service for small and medium farms and food businesses in Vermont. By bridging the gap between these producers and wholesale markets in the region, Farm Connex serves over 60 farms, enabling them to access markets they may not have been able to reach otherwise. This not only supports local farmers but also contributes to the strength of Vermont agriculture.
Additionally, Center For An Agricultural Economy Inc is engaged in building a regenerative, locally-based healthy food system by providing community open spaces for agricultural education and public events. Through research and development of value-added and local products, the organization enhances the overall sustainability and resilience of Vermont's agricultural sector. Furthermore, its involvement in hunger relief and local food access projects underscores its commitment to addressing food insecurity and promoting a more equitable food system in the region.
Through its multifaceted initiatives, Center For An Agricultural Economy Inc is making a tangible difference in promoting sustainable agriculture, supporting local farmers, and fostering community engagement around food issues in Vermont.
This information is meant to be a general summary of Center For An Agricultural Economy 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: $685
- Program Service Revenue: $1,175,565
- Gross Receipts: $4,764,510
Assets and Liabilities:
- Total Assets: $3,468,842
- Total Liabilities: $443,448
- Net Assets: $3,025,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DELIVERY FEE REVENUE
Revenue
$729,825
AGRICULTURAL SALES
Revenue
$243,618
FACILITY USAGE
Revenue
$180,046
REVOLVING LOAN INTEREST
Revenue
$22,076
Organization Details
Founding Year
2004
Phone
(802) 472-5840Principal Officer
Jon Ramsay
Main Address
PO BOX 422, HARDWICK, VT, 05843
Website
www.hardwickagriculture.orgNTEE Category
Code: C99 - Environment
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