Overview
What is Prescott Farmers Market Inc?
Prescott Farmers Market Inc, located in Prescott, Arizona, is a nonprofit organization with a primary mission to support and expand local agriculture. They operate as a marketplace, providing a platform for local farmers to sell their fresh produce directly to the community. By doing so, they aim to cultivate a healthy community and increase access to affordable, locally grown food. With a team of 10 dedicated individuals, Prescott Farmers Market Inc plays a significant role in promoting local agriculture and fostering a sustainable food system in their community.
Official website here: www.prescottfarmersmarket.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Prescott Farmers Market Inc has achieved a Three-Star rating with a score of 79%, reflecting a solid level of accountability and financial health. Its strengths include a 100% independent board and no material diversion of assets, which showcases a commitment to transparency and proper governance. The organization also has a high program expense ratio of 72.43%, indicating that a significant portion of its funds is allocated directly to its mission-related activities.
While the nonprofit has many positive attributes, there are some areas for improvement. Notably, it lacks a whistleblower policy, which is crucial for ensuring accountability and safeguarding against misconduct. Additionally, while the organization scores well in equity strategies and practices, it received a lower score in equity policies and processes, suggesting that there is room for growth in developing more comprehensive policies in this area.
Overall, Prescott Farmers Market Inc demonstrates a strong commitment to its mission and effective governance, but addressing the identified limitations could enhance its operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Prescott Farmers Market Inc?
88% of 439 reviewers on Facebook recommend Prescott Farmers Market Inc. Here is a summary of their reviews: Many patrons emphasize the freshness and local sourcing of the products offered, highlighting the advantage of supporting local farmers and artisans. The market is frequently described as vibrant and filled with high-quality produce.
Visitors appreciate the variety available at the market, from fruits and vegetables to handmade goods, showcasing a commitment to local agriculture and community engagement. The setting is often regarded as welcoming and enjoyable, making it a favored spot for families and individuals alike.
Overall, the sentiment towards Prescott Farmers Market Inc is positive, with numerous reviewers expressing satisfaction with their experiences and the quality of offerings. The market appears to successfully fulfill its promise of providing fresh, locally sourced products to the community.
This AI summary has been generated from reviews found on Facebook.
Is Prescott Farmers Market Inc legitimate?
Prescott Farmers Market Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prescott Farmers Market 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: $287,552
For more financial information, click here
Official website here: www.prescottfarmersmarket.org
What is the mission statement of Prescott Farmers Market Inc?
Prescott Farmers Market Inc's mission is centered around supporting and expanding local agriculture, fostering a healthy community, and enhancing access to affordable locally grown food. They achieve this by serving as a marketplace where local producers can sell their agricultural products, and simultaneously offering a venue for the community to purchase these items. This initiative not only benefits the local farmers but also contributes to the overall well-being of the community by providing access to fresh, locally sourced foods.
Official website here: www.prescottfarmersmarket.org
Who is the CEO of Prescott Farmers Market Inc?
Steve Walker is the President of Prescott Farmers Market Inc.
Official website here: www.prescottfarmersmarket.org
What is the revenue of Prescott Farmers Market Inc?
Prescott Farmers Market Inc's revenue in 2022 was $706,282.
Official website here: www.prescottfarmersmarket.org
Who are the executives of Prescott Farmers Market Inc and what are their salaries?
The average compensation at Prescott Farmers Market Inc during 2022 was $28,755. There are 10 employees and 314 volunteers at Prescott Farmers Market Inc.
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Official website here: www.prescottfarmersmarket.org
Where can I find the form 990 for Prescott Farmers Market Inc?
Prescott Farmers Market Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prescottfarmersmarket.org
Learn more at the official website: www.prescottfarmersmarket.org
Mission Statement of Prescott Farmers Market Inc
Prescott Farmers Market Inc, as a nonprofit organization, is committed to supporting and expanding local agriculture, promoting a healthy community, and increasing access to affordable local food. The mission of this entity is threefold. Firstly, it aims to serve as a marketplace for local producers of agriculture, providing them with a platform to sell their produce. Secondly, Prescott Farmers Market Inc seeks to cater to the community's needs by offering a market where they can purchase locally grown agricultural products. Last but not least, the organization strives to make these nutritious food options affordable for all members of the community. By fulfilling these objectives, Prescott Farmers Market Inc contributes to the overall well-being of its community, fostering a healthier lifestyle and strengthening the local agricultural sector.
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Impact
July, 2024
Prescott Farmers Market Inc plays a crucial role in supporting and expanding local agriculture, cultivating a healthy community, and increasing access to affordable local food in Prescott, Arizona. By providing a platform for agriculture producers to sell their products and offering the community an opportunity to purchase locally grown goods, the organization is fostering a sustainable food ecosystem. Through its mission and activities, Prescott Farmers Market Inc is contributing to the overall wellbeing of the community and promoting the values of supporting local businesses and healthy living.
This information is meant to be a general summary of Prescott Farmers Market 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: $3,378
- Program Service Revenue: $203,721
- Gross Receipts: $720,206
Assets and Liabilities:
- Total Assets: $398,405
- Total Liabilities: $53,875
- Net Assets: $344,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENDOR PERCENTAGE
Revenue
$167,732
IN-KIND GOODS/SVCES
Revenue
$21,978
APPLICATION FEES
Revenue
$7,978
OTHER
Revenue
$6,033
Organization Details
Founding Year
1998
Phone
(928) 713-1227Principal Officer
Steve Walker
Main Address
PO BOX 1853, PRESCOTT, AZ, 86302
NTEE Category
Code: K20 - Food
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