Overview
What is Sprouting Farms Corporation?
Sprouting Farms Corporation is a nonprofit organization situated in Talcott, West Virginia. Their primary mission is to support and enhance local farming businesses, aiming to boost food production within the community. They achieve this by collaborating with local farmers and expanding market opportunities for their products. This includes facilitating sales to schools and local farmers' markets, thereby ensuring a sustainable and self-sufficient food supply system. With a team of 26 dedicated individuals, Sprouting Farms Corporation plays a significant role in promoting agricultural development and fostering local food production.
Official website here: www.sproutingfarms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Sprouting Farms Corporation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The charity's overall score is based entirely on its exceptional performance in the Accountability & Finance category, where it scored 96%. This high score reflects the organization's effective management practices and robust financial oversight.
The nonprofit demonstrates a high level of governance with 100% independent board members and an adequate size to support its mission. It has established comprehensive policies, including conflict of interest and whistleblower policies, ensuring ethical practices within its operations. The organization also maintains a solid financial standing, evidenced by its program expense ratio of 100%, indicating all funds are directed toward its mission-related activities.
While the rating highlights numerous strengths, such as transparency and effective board governance, it does not detail specific programs or impact measures. This lack of information on programmatic outcomes may limit visibility into the direct effectiveness of their initiatives, although the financial health of the organization is clearly strong. Overall, Sprouting Farms Corporation appears to be a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sprouting Farms Corporation legitimate?
Sprouting Farms Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sprouting Farms Corporation 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: $92,146
Professional Fundraising Fees: $0
Other Salaries and Wages: $239,219
For more financial information, click here
Official website here: www.sproutingfarms.org
What is the mission statement of Sprouting Farms Corporation?
Sprouting Farms Corporation's mission is centered around collaborating with local farmers and expanding market opportunities for their produce. This is achieved through various means, such as facilitating sales to schools and local farmers markets. The corporation's ultimate goal is to support and grow both existing and new farm businesses, thereby increasing local food production.
Official website here: www.sproutingfarms.org
What is the revenue of Sprouting Farms Corporation?
Sprouting Farms Corporation's revenue in 2023 was $703,532.
Official website here: www.sproutingfarms.org
Who are the executives of Sprouting Farms Corporation and what are their salaries?
The average compensation at Sprouting Farms Corporation during 2023 was $19,492. There are 17 employees and 7 volunteers at Sprouting Farms Corporation.
Here are 9 key members and their salaries:
- Compensation: $56,233
- Related: $0
- Other: $0
- Compensation: $35,913
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.sproutingfarms.org
Where can I find the form 990 for Sprouting Farms Corporation?
Sprouting Farms Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sproutingfarms.org
Learn more at the official website: www.sproutingfarms.org
Mission Statement of Sprouting Farms Corporation
Sprouting Farms Corporation is dedicated to collaborating with local farmers and expanding market opportunities for their produce. This mission encompasses selling their products to various outlets, such as schools and local farmers markets. The corporation's primary goal is to foster the growth and development of existing and new farm businesses, thereby contributing to an increase in local food production.
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Impact
July, 2024
Sprouting Farms Corporation works with local farmers in Talcott, WV to develop new and existing farm businesses, increase local food production, and expand markets for their products. By facilitating sales to schools and local farmers markets, this organization plays a crucial role in supporting the growth of the local agricultural industry and promoting access to fresh, locally sourced food. Through these efforts, Sprouting Farms Corporation contributes to strengthening the local economy, promoting sustainability, and fostering healthier food choices within the community.
This information is meant to be a general summary of Sprouting Farms Corporation. 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 2023.
- Gross Receipts: $751,230
Assets and Liabilities:
- Total Assets: $1,816,014
- Total Liabilities: $806,823
- Net Assets: $1,009,191
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Organization Details
Founding Year
2017
Principal Officer
Ann Stroud
Website
www.sproutingfarms.orgNTEE Category
Code: K20 - Food
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