Overview
What is Tacoma Farmers Market?
The Tacoma Farmers Market is a nonprofit organization committed to fostering a sustainable marketplace that bridges local farms and businesses with consumers, ultimately benefiting the community. Their mission includes preserving local farms and farmland, boosting the local economy, nurturing small businesses, and ensuring equitable access to nutritious food for all residents. The market achieves this by organizing three venues, where farmers and small businesses can directly engage with consumers, thereby promoting community engagement in a lively setting. Moreover, the Tacoma Farmers Market operates the Fresh Express Mobile Market, which traverses eight locations in Pierce County, catering to individuals with mobility constraints, and partners with community organizations and local farmers to expand its reach and offer fresh produce, bread, eggs, and other items. The market accepts various payment methods, including EBT, SNAP, and PEBT, to ensure affordability for all customers. With a team of 13 dedicated employees, the Tacoma Farmers Market contributes significantly to the well-being of its community by supporting local agriculture, boosting the local economy, and advocating for healthy food access.
Official website here: www.tacomafarmersmarket.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall score: 69%)
The Tacoma Farmers Market received a "Needs Improvement" rating from Charity Navigator, indicating some concerns about its operational transparency and accountability. While the organization boasts a strong independent board structure with 100% independent members, its financial transparency is lacking, as evidenced by the absence of financial statements and several key policies, including those related to conflict of interest and whistleblowing.
Despite these shortcomings, the nonprofit demonstrates an admirable commitment to its mission, reflected in a high program expense ratio of 85.80%. This suggests that a significant portion of its resources is directed toward its programs, which is a positive indicator for stakeholders. However, the overall accountability and finance score of 69 highlights areas that require attention, particularly in governance practices and financial reporting.
In summary, while Tacoma Farmers Market is effectively delivering programs, it faces challenges regarding transparency and governance practices that potential donors and supporters may consider before engaging with the organization. Addressing these limitations could enhance its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Tacoma Farmers Market legitimate?
Tacoma Farmers Market is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tacoma Farmers Market 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: $45,509
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,517
For more financial information, click here
Official website here: www.tacomafarmersmarket.com
What is the mission statement of Tacoma Farmers Market?
The Tacoma Farmers Market's mission is centered around creating a sustainable marketplace that fosters direct connections between local farmers and businesses with consumers and the community. This mission aligns with the vision of preserving local farms and farmland, strengthening the local economy, nurturing small businesses, ensuring access to healthy food for all residents, and cultivating lively spaces for community engagement. The market's activities contribute to these goals, thereby supporting the overall well-being and development of the community.
Official website here: www.tacomafarmersmarket.com
Who is the CEO of Tacoma Farmers Market?
Britt Mcgrath is the Executive Dir. of Tacoma Farmers Market.
Official website here: www.tacomafarmersmarket.com
What is the revenue of Tacoma Farmers Market?
Tacoma Farmers Market's revenue in 2022 was $525,579.
Official website here: www.tacomafarmersmarket.com
Who are the executives of Tacoma Farmers Market and what are their salaries?
The average compensation at Tacoma Farmers Market during 2022 was $17,464. There are 13 employees and 15 volunteers at Tacoma Farmers Market.
Here are 10 key members and their salaries:
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Official website here: www.tacomafarmersmarket.com
Where can I find the form 990 for Tacoma Farmers Market?
Tacoma Farmers Market's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tacomafarmersmarket.com
Learn more at the official website: www.tacomafarmersmarket.com
Mission Statement of Tacoma Farmers Market
Tacoma Farmers Market, as a nonprofit organization, is dedicated to achieving a mission that serves both local farms and the community. By providing a sustainable market platform, the market allows these farms and small businesses to interact directly with consumers, fostering a strong bond between them. This mission is geared towards preserving local farms and farmlands, thereby ensuring the continuity of fresh, locally sourced produce.
Moreover, Tacoma Farmers Market plays a crucial role in strengthening the local economy by facilitating the growth of small businesses. This not only creates job opportunities but also contributes to the overall vitality of the community. The market also prioritizes providing access to healthy food for all residents, ensuring that everyone, regardless of their socio-economic status, has the opportunity to enjoy fresh, nutritious produce.
In addition to these goals, Tacoma Farmers Market strives to create vibrant spaces for community engagement. By bringing people together in these spaces, the market fosters a sense of connection and belonging, contributing to a stronger, more cohesive community. The market's mission is a testament to its commitment to preserving local agriculture, boosting the local economy, supporting small businesses, and promoting health and community engagement.
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Impact
July, 2024
The Tacoma Farmers Market plays a significant role in supporting local farms and small businesses by providing them with a direct avenue to connect with consumers and the community. Through its three markets, the organization contributes to the preservation of local farms and farmland, strengthens the local economy, and helps in building small businesses. Additionally, the market's initiatives, such as the Fresh Express Mobile Market, ensure that residents have access to healthy food, particularly in locations with limited food access. By accepting various forms of payment assistance, including EBT, SNAP, and PEBT, the Tacoma Farmers Market is able to make fresh and local produce accessible to a broader range of residents. Overall, the market's efforts create vibrant spaces for community engagement and contribute to a sustainable and inclusive local food system.
This information is meant to be a general summary of Tacoma Farmers Market. 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: $290
- Program Service Revenue: $109,010
- Gross Receipts: $525,579
Assets and Liabilities:
- Total Assets: $342,571
- Total Liabilities: $4,858
- Net Assets: $337,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARKET REVENUE
Revenue
$109,010
Organization Details
Founding Year
1990
Phone
(253) 272-7077Principal Officer
Britt Mcgrath
Main Address
PO BOX 707, TACOMA, WA, 98401
Website
www.tacomafarmersmarket.comNTEE Category
Code: P20 - Human services
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