Overview
What is Berkshire Agricultural Ventures Inc?
Berkshire Agricultural Ventures Inc, situated in Great Barrington, Massachusetts, is a nonprofit organization dedicated to fostering food security in the Berkshire region. Their mission involves offering sustainable investment mechanisms and technical assistance to strengthen local farms and food businesses in Massachusetts, New York, and Connecticut. By providing support to these enterprises, Berkshire Agricultural Ventures aims to enhance their viability and improve healthy food access within the region. The organization weaves together community assets through strategic investments, increasing local entrepreneurs' access to grants, loans, and offering business and technical support. With a team of nine employees, they are committed to building a resilient regional food and farming system.
Official website here: www.berkshireagventures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Berkshire Agricultural Ventures Inc has received a solid rating of 88%, indicating a strong performance in accountability and finance. The score reflects a commitment to transparency and responsible financial management, primarily derived from their accountability and finance score. Such a rating is a positive indicator for donors looking for trustworthy organizations to support.
The organization boasts an independent board consisting of nine members, all of whom contribute to its high rating by ensuring sound governance practices. Their financial statements are well-managed, with no reported diversions of assets, and their program expense ratio is commendable at 82.79%. This suggests that a significant portion of their funding is directed toward their programs, which is an important aspect for potential supporters.
However, there is a noted limitation in their policies, specifically the absence of a whistleblower policy, which received a score of zero. While this does not severely impact their overall rating, it may raise concerns about internal oversight mechanisms. Overall, Berkshire Agricultural Ventures Inc presents itself as a financially sound and accountable organization with room for improvement in governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Berkshire Agricultural Ventures Inc legitimate?
Berkshire Agricultural Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berkshire Agricultural Ventures 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,401
For more financial information, click here
Official website here: www.berkshireagventures.org
What is the mission statement of Berkshire Agricultural Ventures Inc?
Berkshire Agricultural Ventures Inc's mission is to foster a resilient regional food and farming system by weaving together various community assets through strategic investments. This is achieved by increasing local entrepreneurs' access to grants and loans, and providing them with technical and business support. By doing so, Berkshire Agricultural Ventures aims to help establish sustainable local investment mechanisms and technical assistance options, ultimately moving towards food security in the region. The organization supports and nurtures innovative and enduring food and farming enterprises that contribute to strengthening the community.
Official website here: www.berkshireagventures.org
Who is the CEO of Berkshire Agricultural Ventures Inc?
Thomas Gardner is the Interim Executive Director of Berkshire Agricultural Ventures Inc.
Official website here: www.berkshireagventures.org
What is the revenue of Berkshire Agricultural Ventures Inc?
Berkshire Agricultural Ventures Inc's revenue in 2022 was $1,691,955.
Official website here: www.berkshireagventures.org
Who are the executives of Berkshire Agricultural Ventures Inc and what are their salaries?
The average compensation at Berkshire Agricultural Ventures Inc during 2022 was $46,489. There are 9 employees and 9 volunteers at Berkshire Agricultural Ventures Inc.
Here are 10 key members and their salaries:
- Compensation: $42,000
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- Other: $0
Official website here: www.berkshireagventures.org
Where can I find the form 990 for Berkshire Agricultural Ventures Inc?
Berkshire Agricultural Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.berkshireagventures.org
Learn more at the official website: www.berkshireagventures.org
Mission Statement of Berkshire Agricultural Ventures Inc
Berkshire Agricultural Ventures Inc, a nonprofit organization, is dedicated to enhancing the regional food economy by offering support to farms and food businesses. Their mission is to weave together various community assets through strategic investments, ultimately forging a resilient regional food and farming system in Massachusetts, New York, and Connecticut. To accomplish this, Berkshire Agricultural Ventures provides local entrepreneurs with access to grants, loans, and technical and business support. By doing so, they foster and support innovative and sustainable food and farming enterprises that contribute to strengthening the community. Through new local investment mechanisms and technical assistance options, Berkshire Agricultural Ventures is instrumental in moving the Berkshire region towards food security.
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Impact
July, 2024
Berkshire Agricultural Ventures Inc grows the regional food economy by providing support to farms and food businesses that strengthens their viability and healthy food access in MA, NY, and CT. It offers new sustainable local investment mechanisms and technical assistance options to move the Berkshire region towards food security. By fostering and supporting innovative and enduring food and farming enterprises, Berkshire Agricultural Ventures helps strengthen the community and forge a resilient regional food and farming system.
This information is meant to be a general summary of Berkshire Agricultural Ventures 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: $12,819
- Gross Receipts: $1,691,955
Assets and Liabilities:
- Total Assets: $1,736,009
- Total Liabilities: $161,858
- Net Assets: $1,574,151
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Organization Details
Founding Year
2016
Phone
(413) 645-3594Principal Officer
Thomas Gardner
Main Address
321 MAIN STREET 202, GREAT BARRINGTON, MA, 01230
Website
www.berkshireagventures.orgNTEE Category
Code: K20 - Food
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